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Novo Receives Positive Metallurgical Results from Beatons Creek

Metallurgy & Processing

Novo Resources Corp.

Suite 1980 – 1075 West Georgia Street

Vancouver, BC V6E 3C9

NOVO RECEIVES POSITIVE METALLURGICAL RESULTS FROM

BEATONS CREEK

VANCOUVER, BC, February 2 , 2017 - Novo Resources Corp. (“Novo” or the

“Company”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce metallurgical test

results from its 100% controlled Beatons Creek gold project, Western Australia.

In December , Novo collected a composite sample of tailings originating from recently

processed bulk sample material that was treated through the company’s IGR3000 gravity

test plant late last year . This sample was submitted to ALS Metallurgy, Perth for

cyanidation studies. Six tests were run on 1 kg splits at various grind sizes and NaCN

concentrations (please refer to the table below).

Calculated head grades range from 1.85 to 3.28 gpt Au and average 2.16 gpt Au.

Recoveries are very high, exceeding 98%, apparently irrespective of the various grind sizes

that were tested up to 80% passing a 212 micron (0.212 mm) mesh screen. Leach times are

very short, all samples exceeding 97% recovery within just 12 hours. Recoveries exceed

98% irr espective of NaCN concentration, the lowest concentration being 0.5 kg/tonne.

Lime consumption is low, ranging from 0.87 to 1.51 kg/tonne, and NaCN consumption is

very low, ranging from 0.15 to 0.40 kg/tonne.

Cyanidation Tests from Beatons Creek Bulk Sample Composited Tailings

Test

No.

Grind Calc Extraction Extraction Extraction Lime NaCN

TEST Size Head at 8 hours at 12 hours at 24 hours Consump. Consump.

(P80 µm) (Au gpt) (%) (%) (%) (kg/t) (kg/t)

CT1806

40% Solids -

1.5kg/t NaCN -

pH 10.5

150 3.28 99.4% 99.4% 99.4% 1.45 0.37

CT1807

40% Solids -

1.5kg/t NaCN -

pH 10.5

106 2.66 95.5% 99.3% 99.3% 1.51 0.33

CT1808

40% Solids -

1.5kg/t NaCN -

pH 10.5

75 1.85 97.2% 99.5% 99.5% 1.35 0.40

CT1814

40% Solids -

1.0kg/t NaCN -

pH 10.0

212 2.45 92.0% 97.1% 98.8% 0.92 0.32

CT1815

40% Solids -

0.75kg/t NaCN

- pH 10.0

150 2.28 96.8% 98.1% 98.7% 0.87 0.29

CT1816

40% Solids -

0.5kg/t NaCN -

pH 10.0

150 3.20 94.4% 98.3% 98.8% 1.04 0.15

“Late last year, we decided to test the response of our bulk sample tailings to cyanidation,”

commented Dr. Quinton Hennigh, President, CEO and a director of Novo Resources Corp.

“Results from this test work are very encouraging. Overall recoveries are over 98% even

at a coarse grind size of 0.212 mm. Leach times are very fast, 12 hours to achieve +97%

recovery across the board. Consumption of l ime and NaCN is low. Interestingly, the

average calculated head grade of this sample was 2.16 gpt Au, higher than what was

expected, a grade around 1 gpt Au. Although more work is needed to better assess these

findings, we are contemplating their significance very carefully.”

Quinton Hennigh (Ph.D., P.Geo.) is the Qualified Person pursuant to National Instrument

43-101 responsible for, and having reviewed and approved, the technical information

contained in this news release. Dr. Hennigh is President, CE O and a Director of Novo

Resources Corp.

Cyanidation tests were completed by ALS Metallurgy, Perth, WA. The sample delivered

to the lab was a composite of tailings material from recent bulk sample processing

conducted by Novo late last year. Tests were performed on 1 kg splits. Specifics of ea ch

test including grind size, NaCN concentration an d leach times are specified in the above

table. Three similar samples of composite tailings have been submitted to ALS Metallurgy

for further testing.

About Novo Resources Corp.

Novo’s focus is to evaluate, acquire and explore gold properties. Indirect subsidiaries of

Novo hold a 100% interest in the Beatons Creek gold project, a 70% interest in properties

surrounding Beatons Creek and Marble Bar , a 100% interest in the Blue Spec gold -

antimony project, and options covering approximately 400 square km over the Mosquito

Creek Basin, all in the Pilbar a region, Western Australia. Novo also controls a 100%

interest in approximately 2 sq km covering much of the Tuscarora Au -Ag vein district,

Nevada. 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.

“Quinton Hennigh”

Quinton Hennigh

CEO and President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.