NSRPF Novo Res Corporation (QX)

Novo Resources Corp.

Suite 1980 ? 1075 West Georgia Street

Vancouver, BC V6E 3C9

 

Novo Commences Drilling on its 100% Controlled Ground at Beatons
Creek, Western Australia

 

VANCOUVER, July 18, 2013 - Novo Resources Corp. (the ?Company?) (CNSX: NVO; OTCQX: NSRPF) is
pleased to announce it has commenced reverse circulation (RC) drilling on its
100% controlled ground (tenement P46/1806) at its Beatons Creek Gold Project,
Western Australia (see attached drill
plan map). Drilling will also be undertaken on adjacent tenement P46/1790
held under a joint venture with Creasy Group Pty. Ltd. The goal of the 2013
drill program will be to aggressively expand upon the 421,000 troy ounce gold inferred resource (8.9 million
tonnes at a grade of 1.47 grams gold per tonne) announced in a press release
dated May 1, 2013, and detailed in a National Instrument 43-101 technical
report filed on May 23, 2013. This resource, situated on tenement M46/11, lies
approximately two kilometers southeast of the area currently being drilled and is
held under a joint venture with Millennium Minerals Ltd. which operates the
nearby Golden Eagle mine and mill.

 

?Recent surface sampling of gold-bearing conglomerates on our 100%
controlled tenement and nearby joint venture grounds has returned encouraging
results including 55 outcrop chip samples grading in excess of 10 grams per
tonne gold,? commented Dr. Quinton Hennigh, President and CEO of Novo
Resources. ?These conglomerate horizons dip very gently, about three degrees to
the south, so we are confident they will be intersected at shallow depths over
the entire target area.  Given that our
average drill hole depth will be about 35-40 meters, the entire 49-hole program
will comprise only about 2,000 meters of drilling and cost approximately $220,000.
We see this as an opportunity to quickly grow our resource for a modest budget.?

 

Initial gold analyses from this
drill program are expected back by early September, 2013. Upon receipt of these
results, and depending on market conditions, the Company will determine whether
to expand this year?s drill program onto adjoining land. Shallow gold-bearing
conglomerates are believed to underlie approximately four square kilometers at
Beatons Creek. The Company has approximately 250 additional drill holes
permitted within this four square kilometer area, so there will be no delay in
drilling should this decision be made.

 

Quality Control
and Quality Assurance

All
rock chip samples presented on the attached map are spot rock chip samples collected
by Novo staff. Samples were prepared and analyzed using the Leachwell technique
by Intertek-Genalysis Laboratory Services Pty Ltd, Perth, Australia. The
Leachwell technique utilizes a large, 1 kilogram, split of pulverized sample
thereby reducing the variability associated with coarse particulate gold.
Because this technique uses a solution of sodium cyanide to dissolve gold, it
also provides a preliminary indication of what levels of gold might be recoverable
from these rocks. Gold analyses range between 0.02-77.72 grams per tonne in the
292 surface samples taken within the target area.

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 the known inferred resource on the property, and the expected timing for
the receipt of the initial gold analyses from the drill program announced 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.