Gold $ 1779.70 -1.90

Silver $ 26.08 -0.04

Palladium $ 2866.10 69.60

Platinium $ 1240.10 42.50

Novo Exercises Option Over Kalamazoo Resources’ Queens Gold Project

Proven and Probable

“Malmsbury is a very high value Victorian gold target with strong geologic similarities to the high-grade Fosterville deposit approximately 55 km to the north,” commented Quinton Hennigh, Chairman and President of Novo Resources. “Exercise of this option consolidates Novo’s land holdings in this important district. We look forward to expanding our current exploration program beyond the joint venture ground we hold with GBM Resources and identifying drill targets by late this year.”

For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com .

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