Novo Resources Announces Increase in Size of Private Placement

Novo Resources Corp.

Suite 1980 – 1075 West Georgia Street Vancouver, BC V6E 3C9

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NOVO RESOURCES ANNOUNCES INCREASE IN SIZE OF PRIVATE PLACEMENT

VANCOUVER, November 10, 2011 - Novo Resources Corp. (the “Company”) (CNSX: NVO) reports that the Company has increased its non-brokered private placement, announced on October 20, 2011, to raise up to $5,600,000 by the issuance of 14,000,000 units at a price of $0.40 per unit (the “Offering”). Each unit consists of one (1) common share and one (1) common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional common share of the Company at a price of $0.60 per share for a period of two (2) years from the closing date of the private placement.

About Novo Resources Corp.

Novo’s focus is to evaluate, acquire and explore natural resource properties. The Company presently has an option to earn a 70% interest in an exploration property situated in Western Australia, namely Beatons Creek Tenements. 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

The Canadian National Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.