Mr. Mike Spreadborough reports

NOVO ANNOUNCES DIRECTOR ELECTION RESULTS

All resolutions proposed to shareholders at Novo Resources Corp.'s annual general meeting of shareholders (held on May 21, 2026 (Vancouver, B.C.)/May 22, 2026 (Perth, Western Australia)) were approved, including the election of all of the director nominees listed in the management information circular for the meeting. Voting as to each of the director nominees was as follows.

Refer to the report of voting results filed under Novo's profile on SEDAR+ for further details.

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 and copper projects with greater-than-one-million-ounce development potential. Novo is an innovative explorer with a significant land package covering approximately 4,160 square kilometres in the Pilbara region of Western Australia, along with the 22-square-kilometre Belltopper project in the Bendigo tectonic zone of Victoria. In addition to the above, Novo is part of two prospective farm-in agreements in New South Wales.

Novo's key project area in the Pilbara region is the Egina gold camp, where Northern Star Resources Ltd. is farming in to form a joint venture at the Becher project and surrounding tenements through exploration expenditure of $25-million (Australian) for a 50-per-cent interest. The Becher project has similar geological characteristics to Northern Star's 13.6-million-ounce Hemi project. Novo is also advancing gold exploration south of Becher at the Teichman project in the Egina gold camp, part of the Croydon joint venture (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 region, which provides shareholder exposure to battery metals.

Novo has strengthened its high-quality, Australian-based exploration portfolio by adding TechGen's John Bull gold project in the New England orogen of New South Wales, and Manhattan Corp. Ltd.'s Tibooburra gold project in the Albert goldfields in northwestern New South Wales. 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-million-ounce-gold 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.