Mr. Mike Spreadborough reports

CHANGE IN AUSTRALIAN SHAREHOLDER REGISTRY SERVICES

As of Monday, March 31, 2025, Novo Resources Corp. has changed its provider for shareholder registry services from MUFG Pension & Market Services to Automic Pty. Ltd.

The company's new share registry contact details are as follows:

Automic Pty. Ltd.

Level 5, 126 Phillip St.

Sydney NSW 2000

GPO box 5193

Sydney NSW 2001

Shareholders can easily and efficiently manage their holdings via Automic's secure and highly accessible on-line investor portal. The portal provides, among other things, an on-line interface to update and manage shareholder details, view balances and transaction history.

Shareholder registration on-line

Shareholders that are not already a user of Automic's investor portal may visit the Automic website and sign-up to register their details using the two simple steps provided in the setup process.

Shareholders with any queries in relation to their Novo holding are advised to contact Automic at hello@automicgroup.com.au or on 1300-288-664 (within Australia) or 61-2-9698-5414 (outside Australia).

Authorized for release by the board of directors.

About Novo Resources Corp.

Novo is an Australian-based gold explorer listed on the Australian Securities Exchange and the Toronto Stock Exchange focused on discovering stand-alone gold projects with greater-than-one-million-ounce development potential. Novo is an innovative gold explorer with a significant land package covering approximately 5,500 square kilometres in the Pilbara region of Western Australia, along with the 22-square-kilometre Belltopper project in the Bendigo tectonic zone of Victoria, Australia.

Novo's key project area in the Pilbara is the Egina gold camp, where De Grey Mining is farming in to form a JV (joint venture) at the Becher project and surrounding tenements through exploration expenditure of $25-million (Australian) within four years for a 50-per-cent interest. The Becher project has similar geological characteristics as De Grey's 12.7 Moz Hemi project. Novo is also advancing gold exploration south of Becher in the Egina gold camp, part of the Croydon JV (Novo 70 per cent: Creasy Group 30 per cent). Novo continues to undertake early stage exploration elsewhere across its Pilbara tenement portfolio.

Novo has also formed a lithium joint venture with SQM in the Pilbara which provides shareholder exposure to battery metals.

Novo has recently strengthened its high-quality, Australian-based exploration portfolio by adding the TechGen John Bull gold project in the New England Orogen of NSW, and Manhattan Tibooburra gold project in the Albert Goldfields in northwestern NSW. Both projects demonstrate prospectivity for significant discovery and resource definition and align with Novo's strategy of identifying and exploring projects with greater than one Moz Au potential. These high-grade gold projects complement the landholding consolidation that forms the Toolunga project in the Onslow district in Western Australia.

Novo has a significant investment portfolio and a disciplined program in place to identify value accretive opportunities that will build further value for shareholders.

Please refer to Novo's website for further information including the latest corporate presentation.