Novo Resources Announces Filing of NI 43-101 Technical Report for its Beatons Creek Gold Project, Western Australia

Novo Resources Corp.

Suite
1980 – 1075 West Georgia Street

Vancouver,
BC V6E 3C9

Novo Resources
Announces Filing of NI 43-101 Technical Report for its Beatons Creek Gold Project, Western
Australia

VANCOUVER, May
23, 2013 - Novo
Resources Corp. (the “Company”) (CNSX: NVO; OTCQX: NSRPF) is pleased to announce
that it
has filed a technical report prepared pursuant to National Instrument 43-101
(“NI 43-101”) related to its May 1, 2013 news release announcing the maiden
resource estimate for its Beatons Creek Gold Project, Western Australia.

The independent technical
report, entitled “Technical
Report and Resource Estimate, Beatons Creek Project, Pilbara Region, Australia” (the “Technical Report”),
dated May 1, 2013, was prepared for Novo Resources by Patrick Huxtable (RPGeo MAIG), a qualified person as defined
by NI 43-101, of Tetra
Tech, Perth, Australia. The
Technical Report is available through the Internet under the Company’s profile on
the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com (filing date: May 23, 2013) and
on the Company’s website at www.novoresources.com.

About Beatons
Creek

The Beatons Creek Tenements
cover extensive exposures of the Beatons Creek conglomerates, a series of
Archaean age pyritic conglomerates hosting gold mineralization similar to that
of the Witwatersrand Basin in the Republic of South Africa. Shallow gold reefs were first identified and
mined in this area beginning in the late 1800’s. Novo Resources’ current drill program is the
first modern, systematic exploration on the property. Tenements comprising the
Beatons Creek Gold project include three mining leases in which Novo Resources
is earning a 70% interest from Millennium Minerals Ltd., 560 square kilometers
of prospecting and exploration tenements in which Novo Resources is earning a
70% interest from the Creasy Group Pty. Ltd. and three prospecting tenements in
which Novo Resources holds a 100% interest.

About Novo Resources Corp.

Novo’s focus is to evaluate, acquire and
explore gold properties. The Company presently has joint ventures earning a 70%
interest two exploration properties, Beatons Creek and Marble Bar, situated in
Western Australia. For more information, please contact Leo Karabelas at (416)
543-3120 or e-mail leo@novoresources.com

On Behalf of the Board of Directors,

Novo Resources Corp.

“Quinton
Hennigh”

Quinton Hennigh

CEO and President

The Canadian National Stock Exchange has not
reviewed and does not accept responsibility for the adequacy or accuracy of the
content of this news release.

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