Mr. Hugh Ross reports

NOVUS ENERGY INC. ANNOUNCES NORMAL COURSE ISSUER BID

Novus Energy Inc. intends to make a normal course issuer bid (NCIB) through the facilities of the TSX Venture Exchange to buy up to five million of its issued and outstanding common shares. This amount represents approximately 3 per cent of Novus's 189.4 million issued and outstanding common shares. The bid will commence Sept. 20, 2012, and expire Sept. 19, 2013, and any shares acquired pursuant to the bid will be cancelled. The bid will be conducted through National Bank Financial Inc., a member of the TSX Venture Exchange.

Under the company's previous NCIB, for the period Sept. 15, 2011, to Sept. 14, 2012, Novus purchased 2,222,000 common shares at an average cost of 73 cents per share.

Novus's reasoning for the NCIB is that from time to time the purchase of common shares for cancellation will increase the proportionate interest of, and be advantageous to, all remaining shareholders. In addition, any purchases made by Novus will afford increased liquidity to those shareholders of the company who may wish to dispose of their common shares.

We seek Safe Harbor.