Dr. Quinton Hennigh reports

NOVO ANNOUNCES RESULTS FROM DEEP DRILL HOLE AT BEATONS CREEK

Novo Resources Corp. has released assay results from the first-ever deep diamond drill hole, ND14DD-1, to test downdip extensions of gold-bearing conglomerates at its Beatons Creek gold project near Nullagine, Western Australia. In a news release dated Dec. 10, 2014, Novo announced completion of a 963.4-metre-deep vertical diamond core hole drilled in an area approximately three kilometres southwest of Grant's Hill. This hole encountered siliciclastic rocks dominated by sandstone and pebble conglomerates with lesser shale and cobble conglomerates belonging to the Hardy formation, the same rock unit that hosts gold-bearing conglomerates at Beatons Creek. Detailed logging carried out since publication of that news release determined that a section from approximately 529 to 572 metres displayed several pyritic pebble conglomerate horizons (reefs) believed to represent a distal facies of the gold-bearing conglomerates found farther northeast.

Several gold-bearing intercepts are present in the interval of interest. In particular, four reefs contain gold values ranging from 0.38 to 0.50 gram per tonne gold over lengths ranging from 0.47 to 1.54 metres (please see attached table of summary of gold intercepts). The downhole position of these gold intercepts corresponds well to a horizon of high-grade gold-bearing reefs encountered in two historic and three recent drill holes completed by the company approximately 2.5 kilometres northeast. These five holes each encountered one or more gold-bearing reefs with grades ranging from seven to 31.5 gpt Au. Higher grades may relate to proximity near a major fault, thought to control sedimentation at the time of deposition of the gold-bearing conglomerate beds.

         SUMMARY OF GOLD INTERCEPTS IN ND14DD-1

Hole       From (m)     To (m)   Length (m)     Au (gpt)

ND14DD-1    562.59     563.06         0.47         0.50
            563.96     565.50         1.54         0.42
            566.68     567.95         1.27         0.47
            569.96     570.46         0.50         0.38

"We are encouraged by the gold intercepts encountered in hole ND14DD-1," commented Dr. Quinton Hennigh, president, chief executive officer and director of Novo Resources. "These results fill in a critical part of our understanding of the Nullagine subbasin. It appears that proximity to the major basin-bounding structure on the east side of the basin may be critical to finding higher grades. We are already thinking about our next steps, testing areas to the east and northeast of this first hole."

Partial financing for this drill hole comes from a $200,000 grant from the Western Australian Mines Department (please refer to Novo's news release dated Dec. 17, 2013, for details). Novo is highly appreciative of the support that it has been given by the Western Australian Mines Department.

Quality control and quality assurance

Diamond drilling discussed in this news release was conducted under the supervision of Dr. Hennigh, Novo's chief executive officer, president and director. Core samples were cut, and a half split was submitted to Genalysis Laboratories, Perth, Western Australia, for fire assay with ICP (inductively coupled plasma) finish. A 50-gram charge was utilized for fire assay.

Dr. Hennigh, the company's chief executive officer, president and director, and a qualified person as defined by National Instrument 43-101, has approved the technical contents of this news release.