Novo Announces AGM Results

Rhea-AI Summary

Novo Resources Corp. (OTCQX: NSRPF) announced that all proposed resolutions at its annual general meeting held on June 28, 2022, were passed. This included the election of all director nominees as outlined in the management information circular dated May 2, 2022. Key voting results showed strong support for the nominees, with percentages of votes in favor ranging from 82.16% to 98.23%. The company continues to focus on its flagship Beatons Creek gold project and exploring a land package of approximately 11,000 square kilometers in the Pilbara region of Western Australia.

Positive

• All proposed resolutions were passed at the annual general meeting.
• High percentage of votes in favor for all director nominees, indicating strong shareholder support.

Negative

• None.

VANCOUVER, British Columbia, June 28, 2022 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) reports that all resolutions proposed to shareholders at the annual general meeting of shareholders held today passed, including the election of all of the director nominees listed in the management information circular dated May 2, 2022. Voting as to each of the director nominees was as follows:

Name of Nominee	Votes Cast FOR	% Votes Cast FOR	Votes WITHHELD	% of Votes WITHHELD
Michael Barrett	54,210,700	82.164%	11,768,097	17.836%
Ross Hamilton	61,310,782	92.925%	4,668,015	7.075%
Quinton Hennigh	60,269,166	91.363%	5,697,631	8.637%
Michael Spreadborough	61,249,282	92.857%	4,711,515	7.143%
Amy Jo Stefonick	64,793,834	98.230%	1,167,563	1.770%

Refer to the report of voting results filed today under Novo’s profile at www.sedar.com for further details.

ABOUT NOVO

Novo operates its flagship Beatons Creek gold project while exploring and developing its prospective land package covering approximately 11,000 square kilometres in the Pilbara region of Western Australia. In addition to the Company’s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its shareholders. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com.

On Behalf of the Board of Directors,

Novo Resources Corp.

“Michael Spreadborough”

Michael Spreadborough

Executive Co-Chairman and Acting CEO

FAQ

What were the voting results for Novo Resources Corp. at the annual general meeting on June 28, 2022?

At Novo Resources Corp.'s annual general meeting on June 28, 2022, all proposed resolutions passed with director nominees receiving between 82.16% and 98.23% of votes in favor.

Which director nominees were elected by Novo Resources Corp. shareholders?

Shareholders elected Michael Barrett, Ross Hamilton, Quinton Hennigh, Michael Spreadborough, and Amy Jo Stefonick as directors during the annual general meeting.

What is the ticker symbol for Novo Resources Corp.?

The ticker symbol for Novo Resources Corp. is NSRPF, which is traded on the OTCQX.

What is the focus of Novo Resources Corp.'s operations?

Novo Resources Corp. primarily operates the Beatons Creek gold project and explores a land package of about 11,000 square kilometers in the Pilbara region of Western Australia.