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Novo Files Beatons Creek Technical Report

Technical Reports (NI 43-101)

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Suite 1100, 1199 West Hastings Street

Vancouver, BC, Canada V6E 3T5

P: +1-416-543-3120 E: [email protected] www.novoresources.com

DECEMBER 16, 2022

NOVO FILES BEATONS CREEK TECHNICAL REPORT

VANCOUVER, BC - Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO , NVO.WT & NVO.WT.A)

(OTCQX: NSRPF) is pleased to announce that it has filed a technical report prepared pursuant to National

Instrument 43 -101 Standards of Disclosure for Mineral Projects (“NI 43 -101”) related to it s recent news

release1 for its Beatons Creek gold project, Western Australia. The technical report, entitled “ NI 43 -101:

Mineral Resource Update, Beatons Creek Gold Project, Nullagine, Western Australia” (the “Technical Report”),

with an effective date of June 30, 2022 and an issue date of December 16, 2022, was prepared for Novo by Dr.

Simon Dominy ( FAusIMM(CP) FAIG(RPGeo) FGS(CGeol)) , Ms. Janice Graham (MAIG), Mr. Jeremy Ison

(FAusIMM), and Mr. Royce McAuslane (FAusIMM) (collectively, the “QP’s”). The QP’s are qualified persons as

defined under NI 43 -101. The Technical Report is available under the Company’s profile on the System for

Electronic Document Analysis and Retrieval (“ SEDAR”) website at www.sedar.com (filing date: December 16,

2022) and on the Company’s website at www.novoresources.com.

ABOUT NOVO

Novo explores and develops its prospective land package covering approximately 10,500 square kilometres in

the Pilbara region of Western Australia, including the Beatons Creek gold project, along with two joint ventures

in the Bendigo region of Victoria, Australia. In addition to the Company’s primary focus, Novo seeks to leverage

its internal geological expertise to deliver value -accretive opportunities to its stakeholders. For more

information, please contact Leo Karabelas at (416) 543-3120 or e-mail [email protected].

On Behalf of the Board of Directors,

Novo Resources Corp.

“Michael Spreadborough”

Michael Spreadborough

Executive Co-Chairman and Acting CEO

1 Refer to the Company’s news release dated November 2, 2022.