Gold $ 1780.30 -1.30

Silver $ 26.10 -0.02

Palladium $ 2871.10 74.60

Platinium $ 1240.40 42.80

Novo Resources, Proven and Proable

Novo Provides Further Update on Partial Sale of Blue Spec Project

“The conclusion of the sale of a portion of the Blue Spec project helps both Calidus and Novo align their production goals in the region,” commented Quinton Hennigh, Chairman and President of Novo Resources. “Calidus has plans to conduct underground mining and develop a milling circuit for sulfide ores making the high-grade Blue Spec resource compatible with their production model. Novo retains areas of shallow oxide prospectivity around Blue Spec and secures land at Talga Talga that potentially hosts down dip continuations of the gold system there.”

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

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