Exhibit
99.1

Nova
Advises of Trading Halt and Shareholder Information About the U.S. Redomicile
Anchorage
Alaska, June 5, 2026 - Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3)
) is pleased to provide shareholders with an update on its redomiciliation to the United States and answers to key questions regarding
the transition.
Following
orders issued by the Supreme Court of New South Wales and the schemes of arrangement becoming effective on 3 June 2026, the Company has
suspended trading of its ordinary shares on the ASX and OTC markets, as well as its ADSs and listed warrants on Nasdaq.
Why
is Nova Minerals currently in a trading halt and when will trading resume?
The
trading suspension has been implemented to allow the Company sufficient time to complete the various steps required under the schemes
and finalize its redomiciliation to the United States. The redomiciliation process is expected to be completed on or around 16 June 2026,
following which trading of Nova Minerals Corp’s ASX-listed CHESS Depositary Interests (CDIs) under the ticker code “NVA”,
and its NYSE American-listed common stock and listed warrants under the ticker codes “NVA” and “NVAWW”, respectively,
is expected to resume shortly thereafter.
What
does the implementation of the schemes mean for my Nova Minerals holdings?
Following
implementation of the schemes, all securityholders (other than Ineligible Foreign Shareholders and non-electing Small Parcel Holders
as defined in the scheme booklet), registered as at the record date of 9 June 2026 will retain the same proportional ownership interest;
however, their holdings will be exchanged for securities in the newly established U.S.-domiciled parent company, Nova Minerals Corp.
ASX
Share Holders
Shareholders
who held Nova Minerals shares listed on the ASX will have their shares exchanged on a one-for-one basis for ASX-listed CHESS Depositary
Interests (CDIs) in Nova Minerals Corp. These CDIs carry equivalent voting rights and will continue to trade on the ASX under the existing
ticker code “NVA”.
CDI
holders may elect to convert their holdings into NYSE-listed common stock of Nova Minerals Corp on the basis of one common share for
every 12 CDIs held by contacting Computershare Australia and completing the required conversion process.
OTC
Share Holders
Shareholders
who held Nova Minerals shares on the OTC market will have their holdings exchanged on a one-for-twelve basis for NYSE American-listed
common stock of Nova Minerals Corp, with any fractional entitlements rounded up to the nearest whole share. The common stock will trade
on the NYSE American under the ticker code “NVA”.
Nasdaq
ADS Holders
Holders
of Nova Minerals ADSs listed on Nasdaq will have their ADSs exchanged on a one-for-one basis for NYSE American-listed common stock of
Nova Minerals Corp. The common stock will trade on the NYSE American under the ticker code “NVA”.
Nasdaq
Listed Warrant Holders
Holders
of Nova Minerals listed warrants on Nasdaq will have their warrants exchanged on a one-for-three basis for NYSE American-listed warrants
of Nova Minerals Corp. These warrants will continue to provide equivalent economic rights and will trade on the NYSE American under the
ticker code “NVAWW”.
Ineligible
Foreign Shareholders and Non-Electing Small Parcel Holders
Shareholders
who held ASX-listed shares with a value of less than A$500 and did not elect to opt out of the sale facility, together with Ineligible
Foreign ASX Shareholders whose registered address is in a jurisdiction other than Australia, Belgium, Israel, New Zealand, Panama, the
United Kingdom or the United States, will not receive CDIs in Nova Minerals Corp.
Instead,
the CDIs to which they would otherwise have been entitled will be sold on-market by a sale agent within 90 business days of the Implementation
Date. The net proceeds from those sales, after deduction of any applicable taxes, will be distributed to eligible holders on a pro rata
basis.
Nova
Minerals US Contact Details
As
a U.S.-domiciled company, Nova Minerals Corp has established a corporate office in the United States to support its growing U.S. shareholder
base and corporate operations.
| Address: | Nova
Minerals Corp |
Suite
300E, 6312 South Fiddlers Green Circle
Green
Wood Village
Colorado
80111
USA
New
Website Address
As
part of the Company’s redomiciliation to the United States, Nova Minerals Corp will adopt a new corporate website address, www.novamineralscorp.com,
which is expected to go live in the coming weeks.
About
Nova Minerals Limited
Nova
Minerals Limited is advancing one of the world’s largest undeveloped gold deposits into production and securing a US domestic supply
of the critical mineral antimony. The Company is focused on the exploration and development of the Estelle Gold and Critical Minerals
Project, located in Alaska, a tier-one mining jurisdiction.
Estelle
hosts two defined multi-million-ounce gold resources, and more than 20 prospects distributed along a 35-kilometre mineralized trend,
in the prolific Tintina Gold Belt, a province which hosts a >220 million ounce (Moz) documented gold endowment and some of the world’s
largest gold mines and discoveries including, Kinross Gold Corporation’s Fort Knox Gold Mine. In parallel, Nova is advancing its
critical minerals strategy, fully-funded by a US$43.4 million U.S. Department of War award to develop a domestic antimony supply chain,
targeted for production in late 2026/2027.
Further
discussion and analysis of the Estelle Project is available through the interactive Vrify 3D animations, presentations, and videos, all
available on the Company’s website. www.novaminerals.com.au and soon to be www.novamineralscorp.com/
Forward
Looking Statements
This
press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements,
other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements
contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,”
“could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,”
“plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,”
“will” “would,” or the negative of these words or other similar expressions, although not all forward-looking
statements contain these words. Forward-looking statements are based on Nova Minerals Limited’s current expectations and are subject
to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based
on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully
in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and
Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Nova Minerals Limited undertakes
no duty to update such information except as required under applicable law.
For
Additional Information Please Contact
Investor
Relations:
Dave
Gentry, CEO
RedChip
Companies, Inc.
Phone:
1-407-644-4256
Email:
NVA@redchip.com
Nova
Minerals:
Craig
Bentley
Director
of Finance & Compliance & Investor Relations
E:
craig@novaminerals.com.au
M:
+61 414 714 196