Exhibit
99.1

Nova
Announces a Significant New Gold Anomaly Developing at Portage Pass
Anchorage
Alaska, April 14, 2026 - Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3)
) is pleased to announce assay results from its 2025 surface sampling program in the Portage Pass area of its flagship Estelle Gold and
Critical Minerals Project, located within Alaska’s prolific Tintina Gold Belt has identified a new broad zone of gold mineralization
2.5km from Korbel.
Highlights
| ● | Potentially
significant new gold anomaly defined at Portage Pass from field observations and 2025 surface
assays (Figure 3). |
| | |
| ● | Geochemical
signature comparable to the multi-million ounce Korbel gold deposit across the ridgeline
to the north, with mineralization appearing more consistent and higher grade. |
| | |
| ● | Strong
potential for valley-scale extension analogous to the exploration pathway that led to the
Korbel discovery. |
| | |
| ● | Anomaly
supported by seven rock samples grading >2 g/t Au including a high of 14.3 g/t Au (Table
1), and 10 soil samples grading >0.5 g/t Au with a peak of 1.8 g/t Au (Table 2) discovered
along the ridgelines above the Portage Creek valley floor. |
| | |
| ● | 2026
soil sampling program planned, with a follow-up IP geophysical survey to be undertaken in
line with the exploration approach that led to the Korbel discovery (Figure 3). |
Nova
General Manager and Geologist, Mr Hans Hoffman, commented:
“The
2025 surface sampling at Portage Pass has outlined a broad gold anomaly just over the ridge from the established Korbel deposit. The
proximity to existing resources and proposed infrastructure makes Portage Pass particularly compelling. These early results reinforce
our belief that the greater Estelle district continues to deliver new opportunities with real upside potential.”
2025
Estelle Surficial Reconnaissance Program
During
the 2025 field season, Nova’s geologist team, led by General Manager and geologist Mr Hans Hoffman, undertook an extensive surface
exploration mapping and sampling program across three main areas of the Estelle Project comprised of over 30 traverses covering 75-line
kilometers, 430 soil samples, 170 rock samples, and 26 stream sediment samples (Figure 1).
As
a result of that program and reported to date:
| ● | Assay
results from recent rock and soil sampling have outlined a newly developing large-scale gold-copper
system at West Wing (ASX Announcement: 2 March 2026). |
| | |
| ● |
Surface results
from the RPM regional and ridgeline areas, including high-grade RPM-style gold assays of up to 24.6 g/t Au, have identified new
drill targets at RPM, as outlined in this announcement. |
| |
|
| ● |
Assay results
from recent rock and soil sampling have identified a significant new gold anomaly at Portage Pass, as detailed in this announcement. |
All
results from 2025 soil and rock sampling across the project district have now been reported.

Figure
1. Estelle property map showing the extensive 2025 exploration program
Portage
Pass
139
soil samples and 68 rock samples were collected along traverses in the central portion of the claim block between Korbel and Stoney/West
Wing. A moderate grade anomaly is developing in the headwaters of Portage Creek with 23 soil samples greater or equal to 0.2 g/t Au,
including 10 soil samples greater or equal to 0.5 g/t Au. 11 rock samples primarily focused on the Estelle pluton granodiorite are greater
than 1.0 g/t Au, including 5 greater or equal to 4 g/t Au and a high of 14.3 g/t Au.
The
anomalies were identified across two separate traverses of approximately 3.5km and 2.8km, highlighting the potential for this moderate-grade
mineralization to extend into the valley in a manner comparable to the Korbel deposit, located immediately north across the ridge. Notably,
mineralization identified in talus fines and base of outcrop samples above the Portage Pass valley appears more consistent and of slightly
higher grade than that observed at Korbel.
A
detailed soil sampling grid is planned across the valley in 2026. Subject to the results, a ground-based induced polarization (IP) geophysical
survey will be undertaken, following a similar exploration pathway to that which led to the discovery at Korbel.
While
stronger geochemical anomalies are present elsewhere at Estelle, Portage Pass represents a compelling target given its proximity to Korbel
and the associated proposed infrastructure.

Figure
2. Portage Pass Valley looking East and Sample E397324 – 9.6 g/t Au

Figure
3. Portage Pass sampling
Table
1. Significant Gold Results – Rocks > 1.0 g/t Au
| Prospect |
|
Sample
ID |
|
Easting |
|
Northing |
|
Au
g/t |
| Portage |
|
E397326 |
|
502728 |
|
6871902 |
|
14.3 |
| Portage |
|
E397324 |
|
502907 |
|
6872101 |
|
9.6 |
| Portage |
|
G994157 |
|
503248 |
|
6872882 |
|
6.6 |
| Portage |
|
G994160 |
|
503804 |
|
6872402 |
|
6.4 |
| Portage |
|
G994165 |
|
502962 |
|
6870696 |
|
4.0 |
| Portage |
|
G994353 |
|
504342 |
|
6869889 |
|
2.5 |
| Portage |
|
E397323 |
|
502690 |
|
6872459 |
|
2.0 |
| Portage |
|
E397322 |
|
502662 |
|
6872615 |
|
1.6 |
| Portage |
|
E397325 |
|
502760 |
|
6871921 |
|
1.5 |
| Portage |
|
E397330 |
|
504241 |
|
6869844 |
|
1.1 |
Table
2: Significant Gold Results – Soils > 0.5 g/t Au
| Prospect |
|
Sample
ID |
|
Easting |
|
Northing |
|
Au
g/t |
| Portage |
|
G994313 |
|
504211 |
|
6869835 |
|
1.8 |
| Portage |
|
G994229 |
|
503330 |
|
6870669 |
|
1.6 |
| Portage |
|
E405280 |
|
502875 |
|
6871979 |
|
0.9 |
| Portage |
|
G994232 |
|
503552 |
|
6870192 |
|
0.8 |
| Portage |
|
G994231 |
|
503544 |
|
6870384 |
|
0.8 |
| Portage |
|
E409303 |
|
502252 |
|
6871906 |
|
0.6 |
| Portage |
|
G994321 |
|
504221 |
|
6870232 |
|
0.6 |
| Portage |
|
E405278 |
|
502901 |
|
6872115 |
|
0.6 |
| Portage |
|
E405276 |
|
502817 |
|
6872248 |
|
0.5 |
| Portage |
|
G994228 |
|
503134 |
|
6870724 |
|
0.5 |
Upcoming
Milestones
| ● | Material
PFS test-work results as they become available |
| ● | Airborne
geophysical surveys to commence in the spring of 2026 |
| ● | Antimony
phase 1 project updates |
| ● | Metallurgical
test work ongoing |
| ● | Environmental
test work ongoing |
| ● | West
Susitna access road updates |
| ● | Updated
MRE |
| ● | Updates
on the company redomiciliation to the US |
Qualified
Persons
Vannu Khounphakdy,
Professional Geologist and member of Australian Institute of Geoscientists contracted by Nova Minerals to provide geologic consulting
services. Mr. Khounphakdy holds a Master of Science in Mine Geology and Engineering. He is a qualified person with at least 5 years experience
with this type of project. By reason of education, affiliation with a professional association, and past relevant work experience, Mr.
Khounphakdy fulfills the requirements of Qualified Person (QP) for the purposes of SEC Regulation SK-1300 for data QA/QC checks relevant
to this announcement.
Hans
Hoffman is a State of Alaska Certified Professional Geologist contracted by Nova Minerals to provide geologic consulting services. Mr.
Hoffman is a member of the American Institute of Professional Geologists and holds a Bachelor of Science degree in Geological Engineering
with a double major in Geology and Geophysics. He is a qualified person with at least 5 years of experience with these types of projects.
By reason of education, affiliation with a professional association, and past relevant work experience, Mr. Hoffman fulfills the requirements
of Qualified Person (QP) for the purposes of SEC Regulation SK-1300 for the technical information presented in this announcement.
Christopher
Gerteisen, Chief Executive Officer of Nova Minerals, is a Professional Geologist and member of Australian Institute of
Geoscientists, and has supervised the preparation of this news release and has reviewed and approved the scientific and technical
information contained herein. Mr. Gerteisen is a “qualified person” for the purposes of SEC Regulation S-K
1300.
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
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