Gold $ 1873.70 -0.70

Silver $ 23.49 0.24

Palladium $ 2219.40 28.40

Platinium $ 860.80 -2.40

Outstanding Results Achieved From Mechanical Sorting Tests Completed at TOMRA’s Testing Facility in Sydney, Australia and Wedel, Germany

“These very encouraging results utilizing TOMRA mechanical, sensor based sorters lend further support to the effectiveness of mechanical sorting technology to substantially upgrade and/or process Novo’s nuggety gold deposit styles”, commented Rob Humphryson, CEO and a director of Novo. “Field trials with larger bulk samples under production conditions are needed to validate these highly encouraging, indicative laboratory test results. TOMRA, Steinert and third-party providers have suitable mechanical sorting units available for hire, and plans are well underway to deploy a mechanical sorter into the field this season. We are fortunate to have two world class mechanical sorter providers vying for our business, each with substantial technical support available and commitments to ongoing research and development. Irrespective of which unit is first deployed into the field, we intend to maintain positive working relationships with both major providers to ensure we leverage the inevitable operational improvements resulting from their demonstrated commitment to ongoing research and development in the field of direct gold sorting”.

Investor Relations:

Leo Karabelas, VP of Corporate Communications
Telephone: (416) 543-3120
E-mail: leo@novoresources.com

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