Novo Resources Corp. to Begin Trading on the TSX Venture Exchange

VANCOUVER, BC / ACCESSWIRE / May 26, 2015 / Novo Resources Corp. ("Novo" or the "Company") (CSE: NVO; OTCQX: NSRPF) reports that it expects that its common shares will commence trading on the TSX Venture Exchange on May 27, 2015 under the same ticker symbol. As required at the time of listing, Novo wishes to provide an update on corporate activities.

In a news release dated January 27, 2015, Novo announced it had entered into a definitive agreement (the "Creasy Agreement") with Mark Gareth Creasy and entities controlled by him (collectively, the "Creasy Group"), thus fulfilling conditions of a binding term sheet signed on March 4, 2014 and discussed in a news release dated the same date (please refer to the January 27, 2015 news release for full details). This agreement gives an indirect subsidiary of Novo a secure, fully-vested 70% interest in and to gold rights on tenements covering approximately 1,800 square kilometers at Nullagine and Marble Bar in the Pilbara region, Western Australia. The Creasy Agreement was subject to approval by the Australian Foreign Investment Review Board which was recently received. Upon completion of all of the transactions under the Creasy Agreement, the Creasy Group will hold 13,131,111 Novo common shares making it Novo's second largest shareholder behind Newmont Mining Corp. which holds 17,760,000 common shares.

Novo now has 100% control over the core area at Beatons Creek having recently acquired three mining leases from Millennium Minerals Ltd. (please refer to news releases dated March 26 and April 2, 2015). The Beatons Creek gold project is centered on a broad area shallowly underlain by flat gold-bearing conglomerate horizons (please refer to news releases dated April 21 and 29, 2015 for information on the grade and thickness of these conglomerates horizons). In a news release dated April 21, 2015, Novo provided a comprehensive review of the Beatons Creek gold project and provided details on how it is fast-tracking the project to a production decision. Novo is reviewing the possibility of a mine that will process shallow oxide mineralization at a rate of 1,000-1,500 tonnes per day by means of inexpensive gravity processing. Novo recently announced it has begun forming a mining team to help develop the project if a positive production decision is made (please refer to a news release dated May 5, 2015 for details).

Novo expects that its common shares will be delisted from the Canadian Securities Exchange on or about May 28, 2015.

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.


About Novo Resources Corp.

Novo's focus is to evaluate, acquire and explore gold properties. The company holds a 100% interest in the core of the Beatons Creek project and a 70% interest in approximately 1,800 square kilometers surrounding Beatons Creek and at nearby Marble Bar in the Pilbara region, 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



Forward-looking information: Some statements in this news release contain forward-looking information (within the meaning of Canadian securities legislation) including, without limitation, the statement as to the mining concept. 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 undertake and complete the remaining planned exploration activities, the receipt of successful results from such activities, customary risks of the mineral resource exploration industry, dependency upon third parties, economic considerations, assumptions made by management of Novo, as well as Novo having sufficient cash to fund the planned drilling and other activities.

No stock exchange accepts responsibility for the adequacy or accuracy of the content of this news release

SOURCE: Novo Resources Corp.