Novo Resources Closes Non-Brokered Private Placement of $56 Million with Kirkland Lake GOLD

NOVO RESOURCES CLOSES NON-BROKERED PRIVATE PLACEMENT

OF $56 MILLION WITH KIRKLAND LAKE GOLD

VANCOUVER, BC, September 6, 2017 - Novo Resources Corp. (“Novo” or the “Company”) (TSX-V:

NVO; OTCQX: NSRPF) is pleased to announce that it has closed its previously announced non-brokered

equity private placement (the “Financing”) and is pleased to welcome Kirkland Lake Gold (“KL”) as a

new strategic investor. The Financing raised gross proceeds of $56,000,000 by the issuance of 14,000,000

units (each a “Unit”) at a price of $ 4.00 per Unit. All of the Units were subscribed for by KL. Each Unit

consists of one common share and one share purchase warrant (each a “Warrant”), and each Wa rrant

entitles the holder thereof to purchase one additional common share of the Company at a price of $ 6.00

per share for a period of 36 months from the closing date. The Warrants are subject to an accelerated

expiry whereby, starting one year from the cl ose of the Financing, if the daily high trading price of

Novo’s common shares exceeds $ 12.00 for a period of 20 consecutive trading days, Novo may provide

notice of early expiry and the Warrants will expire 30 days thereafter.

KL also retains an anti-dilution right as described in the Company’s September 5, 2017 news release. KL

also has the right to appoint a representative to Novo’s board of directors.

All of the securities issued in the Financing are subject to a statutory hold period expiring January 7 ,

2018.

The net proceeds from the Financing will primarily be used by the Company to develop and explore the

Company’s projects and for general working capital purposes.

About Novo Resources Corp.

Novo’s focus is to explore and develop gold projects in the Pilbara region of Western Australia, and Novo

has built up a significant land package covering approximately 12,000 sq km. 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

Chairman 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.