Mr. Quinton Hennigh reports

NOVO REPORTS ISSUANCE OF INCENTIVE STOCK OPTIONS

Novo Resources Corp. has issued incentive stock options to certain directors, officers, employees and consultants to purchase up to 6,165,000 common shares in the capital of the company pursuant to its stock option plan. The options are exercisable on or before Jan. 16, 2025, at an exercise price of $3.57 per share. The options are subject to certain vesting conditions.

"Novo is at a seminal junction," commented Dr. Quinton Hennigh, chairman and president of Novo. "We are rapidly advancing our gold projects in the Pilbara and aim to move the company toward becoming a new gold producer. Our team is one of the best in Australia. These options vest once Novo reaches certain production milestones, goals our team feels confident they can meet. We look forward to an exciting, very busy year."

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.