Mr. Quinton Hennigh reports

NOVO COMPLETES ACQUISITION OF MT. ELSIE PROJECT

Novo Resources Corp. has completed the acquisition of three exploration licences (the Mt. Elsie project) comprising an area of approximately 19 square kilometres located 75 km northeast of the town of Nullagine, Western Australia, and adjacent to numerous Novo wholly owned tenements (please see the company's news release dated June 11, 2020).

The company has issued an aggregate 324,506 common shares and paid $100,000 (Australian) in cash to the vendors of the Mt. Elsie project. The consideration shares are subject to a statutory hold period expiring on Nov. 10, 2020. The transaction was subject to approval from the TSX Venture Exchange and other customary regulatory approvals for transactions of this nature, all of which have been obtained.

About Novo Resources Corp.

Novo's focus is primarily to explore and develop gold projects in the Pilbara region of Western Australia, and Novo has built up a significant land package covering approximately 13,750 square kilometres with varying ownership interests. In addition to the company's primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its shareholders.