NSRPF Novo Res Corporation (QX)

Novo Resources Corp.

Suite 1980 ? 1075 West Georgia Street

Vancouver, BC V6E 3C9

 

Novo Receives Approval for its 2013 Drill Program at Beatons Creek,
Western Australia

 

VANCOUVER, June
6, 2013 - Novo Resources Corp. (the ?Company?) (CNSX: NVO; OTCQX: NSRPF) is
pleased to announce it has received all required regulatory approvals for
proposed step-out reverse circulation (RC) drilling at its Beatons Creek Gold
Project, Western Australia.  The goal of
the 2013 drill program will be to aggressively expand the 421,000 troy ounce gold inferred resource (8.9 million
tonnes at a grade of 1.47 grams gold per tonne) announced in the Company?s press
release dated May 1, 2013 and detailed in a National Instrument 43-101
technical report dated May 1, 2013 entitled
?Technical Report and Resource Estimate, Beatons Creek Project, Pilbara Region,
Australia?, prepared by Patrick Huxtable (RPGeo MAIG) of Tetra Tech, Perth,
Australia, which was filed under the Company?s profile on
May 23, 2013.

 

?Last year, we quickly advanced Beatons Creek from a conceptual drill
target to a 421,000 troy ounce gold inferred resource at
a cost of about $6 per troy ounce,? commented Dr. Quinton
Hennigh, President and CEO of Novo Resources. ?Our recent mapping and sampling in
adjacent areas provides strong evidence that the same gold-bearing reefs
underlie a much broader area at shallow depths, generally less than 100 meters.  Because of this, we feel confident we can
quickly expand upon this resource by aggressively drilling an array of shallow
RC holes within the nearly four square kilometer target area. With about $4.6
million in the bank, we are well-positioned to advance this exciting target.?

 

The targeted area covers nearly four
square kilometers and gold-bearing conglomerate horizons (reefs) are believed
to be generally shallow, within 100 meters of surface (see attached target map). The Company has over 200 new holes
permitted. Drilling is expected to begin in July and the initial holes will be
drilled on Novo?s 100% controlled ground.

Dr.
Quinton Hennigh, the Company?s Chief Executive Officer, President and Director
and a Qualified Person as defined by National Instrument 43-101, has approved
the technical contents of this news release. 
Novo Resources personnel have performed work at Beatons Creek under the
supervision of Dr. Hennigh.

 

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 . 

 

Forward-looking
information

Some statements in this news release contain forward-looking
information (within the meaning of Canadian securities legislation), including
without limitation statements as to the potential, through further drilling, to
expand and upgrade to the indicated category the inferred resource described in
this news release. 
These statements address future events and conditions and, as such,
involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements to be materially
different from any future results, performance or achievements expressed or
implied by the statements.  Such factors
include, without limitation, the ability to complete the drilling program as
currently contemplated, the receipt of successful results as drilling proceeds,
customary risks of the mineral resource exploration industry as well as Novo
Resources having sufficient cash to fund the planned drilling and other activities.

Cautionary Note to U.S. Readers Regarding Estimates
of Inferred Resources

This news release uses the term "inferred
resources." We advise U.S. investors that while this term is recognized
and required by Canadian regulations, it is not recognized by the U.S.
Securities and Exchange Commission. "Inferred resources" have a great
amount of uncertainty as to their existence, and great uncertainty as to their
economic and legal feasibility. It cannot be assumed that all or any part of an
"inferred mineral resource" will ever be upgraded to a higher
category. Under Canadian rules, estimates of "inferred mineral
resources" may not form the basis of a feasibility study or prefeasibility
studies. U.S. investors are cautioned not to assume that any part or all
of an inferred resource exists or is economically or legally mineable.

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.

Target Map

http://thenewswire.ca/client_files/2013-06-05-0.pdf