Gold $ 1703.30 4.20

Silver $ 25.37 0.16

Palladium $ 2351.10 60.10

Platinium $ 1142.40 18.30

Novo Receives Final Regulatory Approvals and Provides an Operational Update From Beatons Creek

“Operations proceeded according to plan throughout the holiday season and January and we thank all Novo employees and contractors for their contributions over this time,” commented Novo CEO and director, Rob Humphryson. “Despite severe weather conditions, works have proceeded beyond expectation and we thank our plant refurbishment contracting partners for delivering us a plant that met the brief of being safe, reliable, and suitable for processing Beatons Creek material. With all regulatory approvals now to hand, we turn our focus to commissioning the processing plant and advancing Beatons Creek towards production.”

About Novo Resources Corp.

Novo is advancing its flagship Beatons Creek gold project to production while exploring and developing its highly prospective land package covering approximately 14,000 square kilometres in the Pilbara region of Western Australia. In addition to the Company’s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its shareholders. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com.

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