NSRPF Novo Res Corporation (QX)

Novo Resources Corp.

Suite 1980 ? 1075 West Georgia Street

Vancouver, BC V6E 3C9

Novo Expands Mineralization at Beatons Creek and Discovers a New
Gold-Bearing Reef at Marble Bar, Western Australia

VANCOUVER, October
2, 2013 - Novo Resources Corp. (the ?Company? or ?Novo?)
(CNSX:
NVO; OTCQX: NSRPF)
is pleased to update ongoing work at its Beatons Creek and Marble Bar Gold
Projects in Western Australia.
Over the past two months, the Company has conducted reverse circulation (?RC?) drilling
at Beatons Creek, analyzed core from eight holes drilled at Beatons Creek
earlier in 2013, and completed its reconnaissance level program at Marble Bar.

?We are pleased to see continued expansion of mineralized
conglomerate reefs to the south of areas previously drilled at Beatons Creek,?
commented Dr. Quinton Hennigh, President and CEO of Novo Resources. ?And at
Marble Bar, we are excited to have discovered what appears to be the first
laterally continuous gold-bearing reef in that basin. As a result of a recent exercise
of share purchase warrants, we currently have approximately $8.3 million in our
treasury putting us in a strong position to move this project forward.?

Beatons
Creek

Approximately 1,500 meters of RC drilling was undertaken at
Beatons Creek between late July and late August. Most of this drilling focussed
on an area north of 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 under the Company?s profile on SEDAR on May 23,
2013. One hole, BCRC13-019, was attempted on Creasy Group Pty. Ltd. ground
south of the inferred resource.

-         
Hole
BCRC13-019 is the first Novo hole drilled deep enough to test for the Grants
Hill mineralized reef package on the downthrown side of a northwest-trending
fault that cuts though this area (see
attached figure 1: Drill Hole Map). This hole encountered 16 meters at 1.29
grams per tonne (?gpt?) gold including 3 meters at 4.42 gpt gold.
Interestingly, this hole continued in conglomerates with low-level
mineralization grading approximately 0.2 gpt gold for an additional 130 meters
below this horizon.  Such a thick
footwall halo has thus far not been seen elsewhere at Beatons Creek.

-         
RC
drilling north of the resource area proved challenging. Because the
gold-bearing reefs here occur at shallow depths, they are heavily oxidized, pourous
and broken.  Upon recognizing that drill
sample recovery from these holes was poor to inconsistent, several attempts were
made to modify drilling procedures to produce reasonable quality, representative
drill samples. However, loss of fine, potentially gold-bearing material
continued to prove a concern. The Company is currently considering alternative
options for collecting satisfactorily representative samples from this area.

-         
In
late August, samples from eight diamond core holes from the resource area were
submitted for LeachWell analysis. Highlights include 6.35 meters at 3.23 gpt
gold in hole BCDD13-001, 10.80 meters at 1.89 gpt gold in hole BCDD13-005, and
27.45 meters at 1.54 gpt gold including 2.30 meters at 12.41 gpt gold in hole
BCDD13-008.  The sample size of split PQ
size core (approximately half of an 8.5 cm diameter cylinder) is considerably
smaller than that of a reverse circulation hole (approximately 15 cm diameter).
Considering the nuggety nature and erratic distribution of gold in these
conglomerates, results from these core holes are understandably different from
those from nearby RC holes. The Company plans to use the remaining half core
from these holes for metallurgical test work.

-         
RC
drilling has resumed at Beatons Creek. Areas that will be drilled over the next
several weeks include extension of the resource area immediately to its west as
well as follow-up drilling around hole BCRC13-019 to the south.

Marble Bar

Novo
conducted an aggressive reconnaissance level exploration program over the
Marble Bar sub-basin between June and August, 2013. This work followed up on
stream sediment sampling conducted last year. Rock chip sampling at an area
called Contact Creek at the northwestern edge of the basin has revealed what
appears to be the first laterally continuous gold-bearing reef in this basin (see attached Figure 2: Rock Samples Map).
At South Contact Creek, samples taken from approximately 800 meters of strike
along this reef grade 0.16-15.96 gpt gold. At North Contact Creek, the reef was
sampled in an arcuate trend approximately 2 kilometers long with samples grading
between 0.03-9.26 gpt gold. In both locations, this reef ranges from 0.5-5
meters thick and dips between 20-40 degrees east to southeast. The reef remains
open along strike to the north of North Contact Creek where the Company plans
to resume exploration later this year.

Quality Control
and Quality Assurance

All
rock chip samples taken at Contact Creek are spot rock chip samples collected
by Novo staff.  These samples were
prepared and analyzed by Intertek-Genalysis Laboratory Services Pty Ltd, Perth,
Australia. Fire assays were employed using a 50 gram charge and ICP finish.

Reverse
circulation drill cuttings are collected from every one meter interval at the
drill, logged and sampled by Novo personnel. 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. Novo personnel submitted quality control samples
including duplicates, standards and blanks.

Diamond
core was logged and sampled by Novo personnel. Samples were prepared and
analyzed using the Leachwell technique by Intertek-Genalysis Laboratory
Services Pty Ltd, Perth, Australia. Novo personnel submitted quality control
samples including standards and blanks.

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 personnel have performed work
at Beatons Creek and Marble Bar under the supervision of Dr. Hennigh.

About Beatons Creek and Marble Bar

The
Beatons Creek and Marble Bar tenements cover extensive exposures of 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
these areas beginning in the late 1800?s. Novo Resources? current exploration program
is the first modern, systematic work conducted on these properties. 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. Tenements
comprising the Marble Bar Gold project include approximately 1,250 square
kilometers of prospecting and exploration tenements in which Novo Resources is
earning a 70% interest from the Creasy Group Pty. Ltd.

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 planned exploration activities.  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, customary risks of the mineral
resource exploration industry.

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.

Figure 1: Drill Hole Map

(To View map image, please copy and paste URL below into a new browser)

http://thenewswire.ca/client_files/2013-10-01-0.pdf

Figure 2: Rock Samples Map

(To View map image, please copy and paste URL below into a new browser)

http://thenewswire.ca/client_files/2013-10-01-1.pdf

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