Dr. Quinton Hennigh reports

NOVO COMPLETES ACQUISITION OF 100% INTEREST IN BEATONS CREEK MINING LEASES

Novo Resources Corp. has completed the purchase of a 100-per-cent interest in mining leases 46/9, 46/10 and 46/11 that form the core of the Beatons Creek gold project. In a news release dated March 26, 2015, Novo announced it entered into an agreement with Millennium Minerals Ltd., an Australian Stock Exchange-listed company, by which it would acquire full rights to the tenements for a purchase price of $3.8-million (Australian). Completion of the transaction was subject to consent of the minister pursuant to the Mining Act 1978 (Western Australia), something that was recently received.

"Now that we have completed this acquisition, we are examining ways to fast-track Beatons Creek toward production," commented Dr. Quinton Hennigh, president and chief executive officer of Novo Resources. "We think this project displays exceptional qualities that will allow it to be developed into a low-capex, low-opex modest-sized gold mine. With the requirement of taking the project to bankable feasibility now lifted, we can focus on lower-cost, quicker approaches to moving it forward."

We seek Safe Harbor.