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Novo Resources Corp. March Quarterly Update

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Friday, May 3, 2024

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Significant exploration results delivered across Novo Resource’s (Novo or the Company) Western Australian gold portfolio, notably at the Becher and Nunyerry North Projects.

Key Points:

Significant exploration results delivered across Novo Resource’s (Novo or the Company) Western Australian gold portfolio, notably at the Becher and Nunyerry North Projects.
Novo completed a maiden RC drilling program of 30 holes for 2,424 m at Nunyerry North in Q4 2023.
Novo retained its 20% share of battery mineral rights as well as all gold and silver rights on these tenements.
As at 31 March 2024, Novo had a cash balance of A$16.7 million (C$15 million).

Significant Drill Results at Becher

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Tuesday, February 13, 2024

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VANCOUVER, British Columbia, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (ASX: NVO) (TSX: NVO & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an update on drilling results at the Becher Project, which is part of the Egina earn-in and joint venture (Egina JV) with De Grey Mining (ASX:DEG).

Key Points:

The Egina Gold Camp is Novo’s highly prospective gold belt in the Pilbara and includes the priority Becher and Nunyerry projects (Figure 1).
No assurance can be given that a similar (or any) commercially viable mineral deposit will be determined at Novo’s Becher Project.
No significant results (>0.1 g/t Au) were returned from AC drilling at Irvine or Bonatti, although RC hole MSRC0030 at Irvine returned 1 m @ 6.3 g/t Au (Appendix 1 – Table 1).
One metre AC drill samples are collected from the drill rig through a cyclone and placed on the ground in piles for geological quantitative and qualitative logging.

Novo Resources Business Review

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Thursday, February 8, 2024

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Novo is in a strong financial position to continue its aggressive exploration focus in Western Australia.

Key Points:

Novo is in a strong financial position to continue its aggressive exploration focus in Western Australia.
Ongoing focus on working with traditional owners to ensure Novo progresses exploration programs with respect for their cultural and heritage traditions.
The Egina Gold Camp is Novo Resources Corp’s (Novo of the Company) highly prospective gold belt located in the Pilbara, which includes the priority Becher and Nunyerry North projects (Figure 1).
Novo sold its Nullagine Gold Project (NGP) to Calidus Resources following the conclusion of a strategic review.

Novo Resources: Drilling Underway at Highly Prospective Becher Project

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Friday, May 5, 2023

+20,000 m aircore (“AC”) drilling program underway in the northern Egina Gold Camp at Novo’s flagship Becher Project, located in the Pilbara, Western Australia.

Key Points:

+20,000 m aircore (“AC”) drilling program underway in the northern Egina Gold Camp at Novo’s flagship Becher Project, located in the Pilbara, Western Australia.
2 While certain aspects of Becher mineralisation seem analogous to that at the Mallina Gold Project as disclosed by De Grey Mining’s Mallina Gold Project, mineralisation is not necessarily representative of mineralisation throughout the Becher Area or the Egina Gold Camp.
VANCOUVER, British Columbia, May 05, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to announce the commencement of a +20,000 m AC drilling program at the Company’s flagship Becher Project (“Becher” or “the Project”), located in the northern sector of the Egina Gold Camp (“Egina”).
The Becher Area (E47/3673, 100%-owned by Novo) contains multiple high-priority orogenic gold targets under shallow cover in the highly prospective, yet under-explored Mallina Basin.

New ‘Hemi Style’ Gold Targets Identified for Immediate Drilling at Becher

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Monday, March 6, 2023

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VANCOUVER, British Columbia, March 06, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide a further update on the successful 2022 drilling program at the Company’s flagship Becher Project within the Egina Gold Camp, located within Novo’s 10,500 sq km Pilbara exploration portfolio (Figures 1 and 2). Based on recent analysis of 2022 exploration results, the Egina Gold Camp is one of Novo’s most exciting exploration areas and includes the highly prospective Becher and Nunyerry North Projects.

Key Points:

Analysis of 2022 Becher aircore (“AC”) drilling assay results has identified high-priority structural and intrusion-related targets which appear similar to the Hemi deposit.
Multi-element assays from ‘end-of-hole’ AC drilling in 2022 identified prospective hornblende-diorite intrusions in targets at Becher.
We now have a series of high priority targets that will be the focus of an immediate aggressive drilling campaign.
Results from the recent AC drilling have clearly delineated targets including both structurally controlled orogenic gold and intrusion-hosted gold which appear similar to the Mallina Gold Project.