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Novo Announces First Gold Results from Its 2017 Exploration Program at Beatons Creek

Mine Development & Operations Exploration Programs Sampling & Geoscience Results

Novo Resources Corp.

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

NOVO ANNOUNCES FIRST GOLD RESULTS FROM ITS 2017 EXPLORATION PROGRAM AT BEATONS CREEK

VANCOUVER, BC, June 14, 2017 – Novo Resources Corp. (TSX-V: NVO; OTCQX: NSRPF) (“Novo” or the “Company”) is pleased to announce first Au results from its 2017 exploration program at its Beatons Creek gold project, Western Australia. Bulk samples, weighing approximately 50 kg each, were collected from 276 trenches (“costeans”) excavated on oxidized gold-bearing conglomerate horizons (“reefs”) and analyzed using LeachWell technique, an accelerated cyanide leach assay method (please refer to the nearby table of results and location map in Figure 1). This round of sampling has expanded the footprint of oxide mineralization, especially in the eastern part of the target area where a lower, wellmineralized reef, was targeted. Additional samples provide information within the known oxide target.

Notable high-grade results include 10.29 gpt Au over 0.8 m from costean BCC17-011, 19.40 gpt Au over 0.5 m from costean BCC17-094, 17.66 gpt Au over 1.0 m Au from costean BCC17-177, and 23.62 gpt Au over 0.6 m from costean BCC17-184 from costean BCC17-184.

In a few locations, Novo dug long trenches to enable sampling of subordinate conglomerate horizons above and below targeted units. Some of these trenches returned significantly thicker mineralized intervals than have typically been generated including 1.41 gpt Au over 5.0 m from costean BCC17-255, 1.60 gpt Au over 5.0 m from costean BCC17-258, 3.52 gpt Au over 3.7 m from costean BCC17-275 and 2.07 gpt Au over 6.0 m from costean BCC17-276. These results indicate potential for bulk mineralization in places at Beatons Creek.

“We are pleased with recent costean results from Beatons Creek,” commented Dr. Quinton Hennigh, Chairman and President of Novo Resources Corp. “Recent trenching has expanded the mineralized oxide footprint eastward by taking in a newly recognized lower reef in that area. We are also seeing significant mineralized thicknesses from some long trenches, a possible indication we have potential for bulk mineralization at Beatons Creek.”

Costean samples were taken using pneumatic hammers from thoroughly oxidized gold-bearing reef material exposed in shallow, trenches dug using an excavator, bulldozer or by hand. Given their large size, approximately 50 kg, these samples are considered bulk samples. Because costean samples are collected from the top to bottom of gold-bearing conglomerate horizons, and over widths of around one half to one meter, they can be considered representative of what is exposed in the trench. The importance of taking such samples is discussed in a news release dated April 21, 2015.

Quality Control and Quality Assurance

Novo staff, under the supervision of Dr. Quinton Hennigh, Novo’s President and Chairman, collected the costean samples discussed in this news release. Samples were submitted to Genalysis Laboratories, Perth, WA for analysis. Preparation entails crushing the entire sample to -2 mm, pulverizing a subsample split and subjecting three 1-kg charges to the LeachWell technique, an accelerated CN leach (6 hour leach time). Au analysis of the resulting solution is done by mass spectrometry. A final weighted average result is generated from the three, 1-kg LeachWell assays.

Dr. Quinton Hennigh, the Company’s, President and Chairman and a Qualified Person as defined by National Instrument 43-101, has approved the technical contents of this news release.

Costean Results from Beatons Creek ‐ 2017 

CosteanReef Thickness (m)Au (ppm)
BCC17‐001 BCC17‐002 BCC17‐003 BCC17‐004 BCC17‐005 BCC17‐006 BCC17‐007 BCC17‐008 BCC17‐009 BCC17‐010 BCC17‐011 BCC17‐012 BCC17‐013 BCC17‐014 BCC17‐015 BCC17‐016 BCC17‐017 BCC17‐018 BCC17‐019 BCC17‐020 BCC17‐021 BCC17‐022 BCC17‐023 BCC17‐024 BCC17‐025 BCC17‐026 BCC17‐027 BCC17‐028 BCC17‐029 BCC17‐030 BCC17‐031 BCC17‐032 BCC17‐033 BCC17‐034 BCC17‐035 BCC17‐036 BCC17‐037 BCC17‐0380.7 0.7 0.5 0.8 0.5 0.6 0.5 0.7 1.0 1.0 0.8 1.8 1.6 0.7 0.9 0.8 1.8 2.0 0.8 1.0 0.8 0.5 0.9 0.5 1.5 0.6 0.6 1.3 0.5 0.7 0.4 0.8 0.4 0.5 0.4 0.7 0.6 0.35.16 5.79 0.22 0.75 1.87 2.59 0.47 1.58 2.92 3.71 10.29 1.53 0.60 0.17 0.52 0.28 1.26 0.89 0.44 1.61 3.33 2.93 2.71 3.79 0.47 0.22 1.24 2.58 1.17 0.96 0.20 5.39 3.82 0.91 2.20 0.14 2.76 1.02
BCC17‐0390.77.47
BCC17‐0400.55.63
BCC17‐0410.72.49
BCC17‐0420.53.49
BCC17‐0430.81.07
BCC17‐0440.64.15
BCC17‐0450.51.68
BCC17‐0460.42.34
BCC17‐0471.20.96
BCC17‐0480.41.56
BCC17‐0490.80.54
BCC17‐0500.62.05
BCC17‐0510.50.94
BCC17‐0520.51.87
BCC17‐0530.50.38
BCC17‐0541.41.57
BCC17‐0550.51.22
BCC17‐0560.86.80
BCC17‐0570.40.25
BCC17‐0580.50.47
BCC17‐0590.50.28
BCC17‐0600.40.73
BCC17‐0610.50.38
BCC17‐0620.80.20
BCC17‐0630.73.04
BCC17‐0640.61.38
BCC17‐0650.80.60
BCC17‐0660.61.46
BCC17‐0670.51.42
BCC17‐0681.01.17
BCC17‐0690.60.59
BCC17‐0700.80.41
BCC17‐0710.83.12
BCC17‐0720.50.27
BCC17‐0730.53.96
BCC17‐0740.56.16
BCC17‐0750.42.56
BCC17‐0760.40.41
BCC17‐0770.64.66
BCC17‐0780.51.81
BCC17‐0791.01.10
BCC17‐0800.60.62
BCC17‐0810.50.89
BCC17‐0820.80.39
BCC17‐0830.50.55
BCC17‐0840.70.93
BCC17‐0850.42.73
BCC17‐0860.70.71
BCC17‐0870.85.06
BCC17‐0880.93.93
BCC17‐0890.40.25
BCC17‐0900.93.38
BCC17‐0910.50.47
BCC17‐0920.63.22
BCC17‐0931.30.63
BCC17‐0940.519.40
BCC17‐0951.06.21
BCC17‐0961.20.89
BCC17‐0970.51.04
BCC17‐0991.20.70
BCC17‐1000.60.34
BCC17‐1020.42.58
BCC17‐1030.30.94
BCC17‐1040.50.63
BCC17‐1050.66.79
BCC17‐1060.70.94
BCC17‐1070.61.15
BCC17‐1080.32.07
BCC17‐1090.60.49
BCC17‐1100.80.65
BCC17‐1110.53.17
BCC17‐1120.50.82
BCC17‐1130.41.96
BCC17‐1140.71.04
BCC17‐1150.82.22
BCC17‐1160.81.77
BCC17‐1170.60.66
BCC17‐1180.32.91
BCC17‐1190.53.67
BCC17‐1201.02.26
BCC17‐1210.51.73
BCC17‐1220.72.96
BCC17‐1230.52.62
BCC17‐1240.34.23
BCC17‐1251.00.37
BCC17‐1260.90.67
BCC17‐1270.50.56
BCC17‐1280.41.23
BCC17‐1290.40.32
BCC17‐1301.21.31
BCC17‐1310.52.51
BCC17‐1320.41.92
BCC17‐1330.31.10
BCC17‐1340.60.61
BCC17‐1350.71.05
BCC17‐1360.50.44
BCC17‐1370.84.61
BCC17‐1380.31.24
BCC17‐1390.60.37
BCC17‐1400.80.45
BCC17‐1411.01.40
BCC17‐1420.90.23
BCC17‐1431.00.42
BCC17‐1440.60.40
BCC17‐1450.40.26
BCC17‐1460.51.81
BCC17‐1470.20.48
BCC17‐1480.40.67
BCC17‐1490.30.11
BCC17‐1500.42.80
BCC17‐1510.40.49
BCC17‐1520.61.11
BCC17‐1530.60.70
BCC17‐1541.02.60
BCC17‐1551.20.45
BCC17‐1560.30.57
BCC17‐1570.71.19
BCC17‐1580.40.55
BCC17‐1590.71.12
BCC17‐1600.50.48
BCC17‐1610.64.17
BCC17‐1620.22.59
BCC17‐1630.81.89
BCC17‐1641.00.89
BCC17‐1651.02.95
BCC17‐1661.00.77
BCC17‐1671.00.48
BCC17‐1680.52.26
BCC17‐1690.40.51
BCC17‐1700.50.21
BCC17‐1710.74.81
BCC17‐1720.40.84
BCC17‐1730.410.01
BCC17‐1740.58.43
BCC17‐1750.46.08
BCC17‐1760.94.44
BCC17‐1771.017.66
BCC17‐1780.50.62
BCC17‐1790.71.32
BCC17‐1800.81.55
BCC17‐1810.61.51
BCC17‐1820.46.02
BCC17‐1830.71.86
BCC17‐1840.623.62
BCC17‐1850.31.27
BCC17‐1860.78.71
BCC17‐1870.91.73
BCC17‐1880.70.34
BCC17‐1891.00.70
BCC17‐1901.06.50
BCC17‐1911.02.16
BCC17‐1920.81.41
BCC17‐1930.80.89
BCC17‐1940.51.03
BCC17‐1950.41.24
BCC17‐1960.32.25
BCC17‐1970.30.24
BCC17‐1980.60.56
BCC17‐1990.40.13
BCC17‐2001.43.40
BCC17‐2010.42.67
BCC17‐2020.56.15
BCC17‐2031.20.96 *
BCC17‐2041.04.63
BCC17‐2051.06.76
BCC17‐2062.61.41
BCC17‐2070.91.30
BCC17‐2080.80.28
BCC17‐2090.90.64
BCC17‐2100.44.97
BCC17‐2110.50.22
BCC17‐2120.30.28
BCC17‐2131.30.46
BCC17‐2140.40.38 *
BCC17‐2151.50.51 *
BCC17‐2161.31.34 *
BCC17‐2170.41.26 *
BCC17‐2183.00.57 *
BCC17‐2190.53.08 *
BCC17‐2200.52.26 *
BCC17‐2211.01.97 *
BCC17‐2221.42.38 *
BCC17‐2230.50.75
BCC17‐2240.50.29
BCC17‐2250.40.19
BCC17‐2261.30.53
BCC17‐2270.70.85
BCC17‐2280.90.36
BCC17‐2290.70.31
BCC17‐2300.60.53
BCC17‐2310.30.32
BCC17‐2320.60.70
BCC17‐2330.40.53
BCC17‐2340.43.46
BCC17‐2350.45.07
BCC17‐2360.412.43
BCC17‐2370.50.58
BCC17‐2380.70.84
BCC17‐2390.80.39
BCC17‐2401.74.32
BCC17‐2410.45.66
BCC17‐2420.41.42
BCC17‐2430.80.60
BCC17‐2440.97.23
BCC17‐2451.22.51
BCC17‐2460.71.00
BCC17‐2470.36.20
BCC17‐2480.52.28
BCC17‐2490.45.31
BCC17‐2500.40.46
BCC17‐2510.30.41
BCC17‐2520.50.57
BCC17‐2530.50.81
BCC17‐2540.50.54 *
BCC17‐2555.01.41 *
BCC17‐2560.34.68
BCC17‐2571.00.79
BCC17‐2585.01.60 *
BCC17‐2590.30.49
BCC17‐2600.33.49
BCC17‐2610.80.82
BCC17‐2620.42.05
BCC17‐2630.40.55
BCC17‐2640.70.61
BCC17‐2650.50.41
BCC17‐2660.50.18
BCC17‐2670.60.27
BCC17‐2680.51.58
BCC17‐2690.50.62
BCC17‐2700.53.19
BCC17‐2710.51.43
BCC17‐2720.61.80
BCC17‐2731.31.38*
BCC17‐2740.62.35
BCC17‐2753.73.52*
BCC17‐2766.02.07*

*Sloping trench ‐ estimated true thickness of conglomerate

About Novo Resources Corp. 

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

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.

Forward-looking information

Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, statements relating to the expectation that Novo will become a producing gold mining company. Forward-looking statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, customary risks of the mineral resource industry as well as Novo having sufficient cash to fund the planned drilling and other activities required before the Company is established as a mining company.