Mr. Quinton Hennigh reports

NOVO RECOVERS SIGNIFICANT COARSE GOLD FROM BULK SAMPLES AT EGINA

Novo Resources Corp. has released further positive results from its Egina gold project, Western Australia. Novo has recovered significant coarse gold from bulk samples of surface gravels collected from test pits excavated next to its first exploration trench, where encouraging results were announced previously (see the company's news release dated Aug. 13, 2019).

Highlights:

• Metal detecting and gravity processing of 281.9 cubic metres of surface lag gravels yielded a total of 292.38 grams of coarse gold nuggets. Of particular note, sample EGBS016 yielded 118.59 grams of gold nuggets from 80.3 cubic metres of gravel and sample EGBS017 yielded 123.47 grams of gold nuggets from 66.8 cubic metres of gravel. Novo considers these results very encouraging given many alluvial gold deposits display grades significantly below one gram per cubic metre.
• Gold-bearing gravels lie at surface under a thin veneer of sandy soil. Novo is currently evaluating extraction options that are potentially simple and cheap including continuous mining methods.
• All gold discussed in this news release is coarser than one millimetre. Such coarse gold presents opportunity for simple and cheap extraction methods including dry techniques that do not require water. Novo is currently investigating use of mobile eddy-current separators and other effective, state-of-the-art processing technologies as potentially viable methods of gold recovery.
• Bulk sampling was undertaken across a 64-metre-wide nugget-rich zone within a broad topographic depression, or swale, identified by ground-penetrating radar (GPR). Novo is growing more confident that GPR can help identify target areas to help guide future exploration.
• The combination of exploration trenching and metal detecting followed up by bulk sampling and processing has proved to be highly effective at evaluating the gold-bearing gravel potential of the vast terrace at Egina. Upon upcoming heritage clearance, Novo anticipates expanding such exploration activity elsewhere within the Egina mining lease.

                               COARSE GOLD RECOVERIES FROM FOUR BULK SAMPLES AT EGINA

                                                                  Coarse gold                                  Fine gold
                                                             
Bulk     Position  Volume       Gold      Gold      Gold       Gold     Total      Gold in   Gold in   Gold in     Total
sample         in  (cubic    nuggets   nuggets   nuggets    nuggets    coarse       shaker    shaker       IGR      fine
pit         swale      m)      metal     metal      from  recovered      gold        table     table      3000      gold
                            detected  detected    sluice     by IGR   nuggets  concentrate  tailings  tailings   (grams)
                               while  in +5 mm     +1 mm    3000 +1  (grams)A     (grams)B  (grams)C  (grams)C
                          excavating  oversize  (grams)A         mm
                         bulk sample  material             (grams)A
                            (grams)A  (grams)A

EGBS016    Middle    80.3     63.9 D       0.0     30.71      23.98    118.59           In        In        In        In
                                                                                  progress  progress  progress  progress
EGBS017    Middle    66.8       77.4     0.0 E     30.67      15.40    123.47           In        In        In        In
                                                                                  progress  progress  progress  progress
EGBS018 South end    59.7       15.8       0.0      6.13      16.88     38.81           In        In        In        In
                                                                                  progress  progress  progress  progress
EGBS021 North end    75.1        8.6       0.0      0.27       2.64     11.51           In        In        In        In
                                                                                  progress  progress  progress  progress
Total   64 m long   281.9      165.7       0.0     67.78      58.90    292.38           In        In        In        In
                                                                                  progress  progress  progress  progress

Notes

A -- Gold purity has been assessed at Egina and falls within a range of 89 per cent to 95 per cent. 
B -- Based on whole sample assays
C -- Back-calculated from assayed subsamples
D -- Additional gold contained within rock was metal detected. Actual gold content has not been determined or included 
in the gold weight in the included table.
E -- Additional gold was metal detected in the oversize which is contained within rock. Actual gold content has not 
been determined or included in the gold weight in the included table.

"Our first Egina bulk samples have yielded positive results in line with expectations," commented Dr. Quinton Hennigh, president and chairman of Novo. "These first four samples were collected next to our recent exploration trench. Like our first bulk sample collected in late 2018 from an area approximately 100 m west, these have yielded significant amounts of coarse gold. We are quickly proving that the gold-bearing gravels can be effectively targeted, explored and quantified at Egina, which is a significant step for an extremely nuggety project such as this. In addition, we now clearly see that we are dealing with a shallow, easily extractable deposit dominated by coarse gold that could prove simple to recover. The trajectory of this project is very exciting. We eagerly anticipate excavating additional exploration trenches and collecting further bulk samples at the Egina mining lease after completion of upcoming heritage surveys."

Bulk samples discussed in this news release were collected from pits approximately four m wide and 16 m long under the supervision of Novo personnel. Depth of pits varies from about one m to 1.5 m. Sandy soil overburden was generally stripped prior to gravel extraction. Some underlying bedrock material was excavated along with gold-bearing gravels to ensure capture of gold on the bedrock interface. Each sample was excavated in lifts approximately 20 centimetres to 30 cm thick. Every lift was detected for gold nuggets by Novo personnel prior to removal, and the location and weight of each nugget were recorded without limitation prior to being securely stored. Bulk sample gravel was transported to Novo's Station Peak camp where it was processed through the company's IGR 3000 gravity gold plant. Various concentrates and tailings from the IGR 3000 plant are currently being analyzed to evaluate fine-grain gold. Once these results have returned, the fine gold contribution will be added to the coarse-gold tally. X-ray fluorescence analysis of nuggets indicates purities ranging from 89 per cent to 95 per cent. Densities of gravels vary widely, generally ranging between about 1.4 tonnes to 2.1 tonnes per cubic metre. Unlike hard rock gold deposits, alluvial gold deposit grades are commonly reported in grams per cubic metres.

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

About Novo Resources Corp.

Novo's focus is to explore and develop gold projects in the Pilbara region of Western Australia, and Novo has built up a significant land package covering approximately 13,000 square kilometres with varying ownership interests.

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