Mr. Mike Spreadborough reports

NOVO RESOURCES ANNOUNCES CHANGE OF AUDITOR

Novo Resources Corp. has changed its auditor from Ernst & Young (the former auditor) to Deloitte Touche and Tohmatsu (the successor auditor) effective May 6, 2024.

At the request of the company, the former auditor resigned as the auditor of the Company effective May 6, 2024, and the board of directors of the company appointed the successor auditor as the company's auditor effective May 6, 2024, until the next annual general meeting of the company.

There were no modifications of opinion in the former auditor's reports in connection with the two most recent completed fiscal years ended Dec. 31, 2023, and 2022 and there are no reportable events between Novo and the former auditor as defined in National Instrument 51-102 -- Continuous Disclosure Obligations (NI 51-102). The resignation of the former auditor as auditor of the company has been approved by the company's audit, risk and corporate governance committee, and its board of directors.

In accordance with NI 51-102, the notice of change of auditor, together with the required letters from the former auditor and the successor auditor, have been reviewed by the board of directors of the company and filed on SEDAR+.

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 standalone gold projects with greater than one-million-ounce development potential. Novo is an innovative gold explorer with a significant land package covering approximately 7,000 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 vanguard project is the Egina gold camp, where De Grey is farming in at Becher and surrounding tenements through exploration expenditure of $25-million (Australian) within four years for a 50-per-cent interest. Significant gold mineralization has also been identified at Nunyerry North, this area is part of the Croyden JV (Novo 70 per cent: Creasy Group 30 per cent).

With a dedicated and disciplined acquisition program in place to identify value accretive opportunities and via its exposure to non-core minerals and metals through joint partnerships, Novo is focused on building further value for shareholders.