NOVO RES CORP - NSRPF STOCK NEWS

Novo Resources Corp. (ASX: NVO, TSX: NVO, OTCQX: NSRPF) announces its participation in the Resources Rising Stars Gold Coast Investor Conference on September 3-4, 2024. Executive Co-Chairman and Acting CEO Mike Spreadborough will present on Tuesday, September 3rd at 4pm AEST, providing updates on the company's exploration programs in the Pilbara and Victoria gold portfolio.

The conference will be live-streamed, allowing both in-person and virtual attendance. Registration is free but required. Novo's key focus includes the Egina Gold Camp, where De Grey Mining is farming-in to form a JV at the Becher Project, and advancing gold exploration at Nunyerry North. The company also has lithium joint ventures with Liatam and SQM in the Pilbara, offering shareholder exposure to battery metals.

Novo Resources Corp. has announced significant progress in its exploration activities at the Nunyerry North and Egina Gold Camp projects in Pilbara, Australia.

Recent RC drilling at Nunyerry North extended the high-grade Main Lode to 500m strike/plunge, with standout intercepts including 13m at 2.68 g/t Au and 11m at 2.20 g/t Au. Exploration at the Egina Joint Venture with De Grey Mining has been fruitful, focusing on high-priority targets along the Tabba Tabba Shear Corridor. Novo's agreement with Kariyarra Aboriginal allows exploration at Balla Balla, where aircore drilling will focus on key gold targets in Q4 2024.

Key highlights include:

• 13m at 2.68 g/t Au from 66m (NC046)
• 11m at 2.20 g/t Au from 84m (NC046)
• 17m at 1.85 g/t Au from 25m (NC063)
• 9m at 2.52 g/t Au from 87m (NC061)
• De Grey Mining's 36,000m drilling at Becher Project, continuing through 2024.

Novo remains focused on advancing its gold exploration and development strategies in the region.

Novo Resources Corp. (ASX: NVO, TSX: NVO, OTCQX: NSRPF) has signed a Determination Wide Aboriginal Heritage Protection Agreement with the Nyamal Aboriginal , covering 1,500 sq km in the East Pilbara. This agreement allows Novo to begin exploration activities at the Bamboo and Miralga Projects. Key developments include:

1. Completion of a heritage site avoidance survey at Bamboo for drill testing.

2. Surface mapping and sampling at Miralga, focusing on porphyry-style and intrusion-related targets.

3. Rock chip samples from Gully Washer (Miralga Project) yielded peak results of 14.8 g/t Au, 10,083 g/t Ag, 3.8% Cu, 28.3% Pb, and 3.6% Zn.

4. Identification of potential gold mineralization associated with Bridget Suite intrusions at Bamboo-Strattons.

5. Plans for detailed mapping, soil sampling, and potential drill testing at both projects.

Novo ramped up exploration in its Pilbara targets during Q2 2024, with drilling at Nunyerry North and Becher Project. Over 3,200 m of RC drilling was completed at Nunyerry North, with assays expected in mid-August. De Grey Mining commenced 28,000 m of AC and RC drilling at Becher, following 10,500 m completed in Q4 2023.

In Victoria, significant intercepts from the Belltopper Gold Project include 5.6 m @ 3.14 g/t Au and 4.25 m @ 5.88 g/t Au. Novo maintains a strong financial position with A$11.7 million in cash and A$46.2 million in investments as of June 30, 2024.

Novo plans further drilling in the Karratha district and Balla Balla in late Q3 2024, and a series of RC drill programs to advance high-priority targets. Novo’s joint ventures in battery metals are also progressing, with significant lithium discoveries and planned RC drilling in H2 2024.

On June 26, 2024, Novo Resources Corp. announced the results of its Annual General Meeting (AGM) held on June 25, 2024, in Vancouver, BC, and June 26, 2024, in Perth, WA. All proposed resolutions were approved, including the election of director nominees. Key votes included Quinton Hennigh with 96.396% support, Greg Jones with 99.497%, Karen O’Neill with 99.515%, and Michael Spreadborough with 96.427%. Detailed voting results can be found on sedarplus.ca and asx.com.au.

De Grey Mining has recommenced aircore (AC) and reverse circulation (RC) drilling at Novo Resources' Becher Project. The project is part of the Egina Joint Venture, wherein De Grey is aiming to earn a 50% stake by spending A$25 million over four years, with a minimum of A$7 million by December 2024. Located near De Grey's substantial Hemi Gold Project, Becher has shown promising gold and base metal mineralisation. De Grey plans 28,000 meters of drilling in 2024, building on the 10,500 meters already completed. Concurrently, Novo is advancing a 4,000-meter RC drill program at Nunyerry North, expected to conclude in July 2024, with assay results due later in the month. Post this, exploration will move to other Pilbara targets, contingent on regulatory approvals. Significant past drill results include 10 m @ 0.12 g/t Au, 29.7 g/t Ag, and 1.5% Pb at Heckmair, and 8 m @ 4.7 g/t Au at Lowe. Further drilling aims to expand on these findings.

Novo Resources Corp. (OTCQX: NSRPF) announced the resignation of Mr. Ross Hamilton as a director, effective immediately. Mr. Mike Spreadborough, Executive Co-Chairman, expressed gratitude for Mr. Hamilton's 3.5 years of service as a Non-executive Director and Chair of the Sustainability Committee. In addition, Ms. Lisa Smith has completed her term as Joint Company Secretary. She was recognized for her significant contributions, particularly in the ASX listing completed in September 2023. The announcements reflect personnel changes aimed at refining the leadership structure for future endeavors.

Novo Resources has completed a six-hole, 2,529-meter diamond drilling program at the Belltopper Gold Project in Victoria, yielding significant gold intercepts and discovering two new reefs. Key results include: 2m @ 15.18 g/t Au from 9m in BTD004, 4.25m @ 5.88 g/t Au from 274.75m in BTD001, and 12.26m @ 1.45 g/t Au from 185m in BTD005. The program extended mineralization on the Leven Star Reef and indicated new high-priority targets. Further exploration and resource review are planned for Q3 2024. The company is well-funded to continue its exploration activities.

Recently, Novo Resources completed a six-hole, 2,529-meter diamond drilling program at the Belltopper Gold Project in Victoria, yielding significant gold intercepts across multiple targets. Notable results include 5.6 m @ 3.14 g/t Au from 219.8 m and 4.25 m @ 5.88 g/t Au from 274.75 m, with the discovery of two new, high-potential gold reefs. The program identified a new high-priority target corridor and extended known mineralization zones, particularly on the Leven Star Reef. Anomalous gold in BTD003 suggests potential for further exploration. The company plans to focus on reviewing and re-logging historic drill holes and new high-grade targets throughout 2024.