NSRPF Novo Res Corporation (QB)

Novo Resources Corp.

Suite 1980 – 1075 West Georgia Street

Vancouver, BC V6E 3C9

 

Diamond Core Drilling Completed at Novo’s Beatons Creek Gold
Project, Western Australia

 

VANCOUVER, April
4, 2013 - Novo Resources Corp. (the “Company”) (CNSX: NVO; OTCQX: NSRPF) is
pleased to announce that it has completed eight diamond core holes at its
Beatons Creek Gold Project, Western Australia. Data collected from this core
will enable completion of the first NI 43-101 compliant resource at Beatons
Creek, anticipated by early May.

“Our initial drilling was entirely reverse circulation which
produces samples consisting of small chips,” commented Dr. Quinton Hennigh,
President and CEO of Novo Resources. “These core holes provide our first look
at the gold-bearing conglomerates at Beatons Creek.  In places, the matrix of these conglomerates
displays high concentrations of pyrite pebbles and finer grained ‘buckshot’
pyrite similar to that observed in some gold-bearing conglomerates from the
Witwatersrand Basin in South Africa.  We
will be quite eager to see how upcoming assays from our core compare to these
positive visual indications.”

 

Diamond
Core Drilling

Eight PQ-size diamond core holes were completed at Beatons Creek
between February 5 and March 22, 2013 (see
attached drill plan map).  Heavy
rains from Cyclone Rusty delayed access to site causing a two-week delay in the
anticipated date of completion of this program. 
Each core hole twinned an earlier reverse circulation drill hole
completed in 2011 and 2012.  The Company is
currently preparing this core for specific gravity (SG) measurements, assaying
and various metallurgical tests. 

Upon receipt of SG measurements, a NI 43-101 compliant resource
estimate will be finalized by Tetra Tech WEI Inc, Perth, Australia with a
completion date now expected in early May, 2013. Assay
and metallurgical test results are expected back by mid-2013. 

All eight diamond core holes encountered boulder conglomerates,
some of which display pyrite pebbles and small, rounded pyrite grains termed
“buckshot” pyrite (see attached core
photos). Such pyrite closely accompanied gold-bearing intervals in nearby
reverse circulation drill holes.

 

Surface
Samples

In a news release dated January 24, 2013, the Company discussed
assay results from rock chip samples taken in areas north of Grants Hill at
Beatons Creek (see attached rock chip
samples map).  SGS Laboratory in
Perth, Australia first assayed these samples from which high numbers were
reported. To verify these results, the Company had these samples re-assayed by Intertek-Genalysis
Laboratory Services Pty Ltd, Perth, Australia (“Genalysis”).  Genalysis reported similar high gold
values.  Variability displayed by repeat
assays is believed due to nugget effect.

 

Beatons Creek 2012 Rock Chip Samples
	SGS Laboratory (FA)*	Genalysis Labs (FA)	Genalysis Labs (FA)	Genalysis Labs (FA)	Genalysis Labs (FA)
	Gold	Gold	Gold-repeat 1	Gold-repeat 2	Gold-repeat 3
Sample Number	(grams per tonne)	(grams per tonne)	(grams per tonne)	(grams per tonne)	(grams per tonne)
GCKS001	3.01	2.32
GCKS002	2.41	1.91
GCKS003	26.50	26.70	43.59	19.81
GCKS004	3.58	2.51
GCKS005	0.81	0.80
GCKS006	0.11	0.10
GCKS007	6.76	10.11	7.39	11.51
GCKS008	3.68	4.29
GCKS009	9.46	7.47
GCKS010	2.11	0.30
GCKS011	0.38	1.30
GCKS012	0.04	0.21
GCKS013	2.78	5.79
GCKS014	1.88	1.92
GCKS015	0.77	0.92
GCKS016	27.80	6.03
GCKS017	0.59	0.93
GCKS018	2.87	3.40
GCKS019	9.10	5.93
GCKS020	5.17	5.41
GCKS021	8.64	11.90
GCKS022	8.64	22.10	4.85	7.32	8.12
GCKS023	0.84	1.05
GCKS024	2.74	2.46
GCKS025	1.04	0.35
GCKS026	0.09	0.65
GCKS027	0.27	0.23
GCKS028	1.86	5.89
GCKS029	0.52	0.54
GCKS030	7.73	7.93
GCKS031	1.17	1.08
GCKS032	1.17	1.53
GCKS033	2.89	1.72
GCKS034	0.45	0.44
GCKS035	7.45	2.91
GCKS036	0.52	1.48
GCKS037	6.55	2.53
GCKS038	0.77	0.92
GCKS039	0.16	0.18
GCKS040	4.51	4.07
GCKS041	10.60	17.21	26.32
GCKS042	51.20	39.62	64.27	72.05
GCKS043	16.30	36.82	23.63	9.87
GCKS044	15.60	15.54	13.98
GCKS045	22.10	20.30	14.19
GCKS046	4.23	4.80
GCKS047	13.40	12.87
GCKS048	0.07	0.21
GCKS049	11.50	17.72
GCKS050	0.23	0.23
GCKS051	0.38	0.31
GCKS052	0.21	0.22
GCKS053	2.82	3.12
GCKS054	10.80	18.65
GCKS055	8.52	8.97
GCKS056	15.80	20.75
GCKS057	7.96	7.73	7.52
GCKS058	2.42	2.19
GCKS059	2.49	2.62
GCKS060	2.09	1.08
GCKS061	0.92	0.63
GCKS062	0.91	1.12
GCKS063	1.01	1.26
GCKS064	1.12	1.12
GCKS065	0.65	0.66
* Announced in a news release dated January 24, 2013

Quality Control
and Quality Assurance

Surface
rock chip samples initially reported on January 24, 2013, were prepared and
analyzed by SGS Laboratories, Perth, Australia. Fire assays were employed using
a 50 gram charge and ICP finish. These same samples were re-assayed by fire
assay method by Intertek-Genalysis Laboratory Services Pty Ltd, Perth, Australia,
using a 50 gram charge and ICP finish and are reported in this news
release. 

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.

About
Novo Resources Corp.

Novo’s
focus is to evaluate, acquire and explore natural resource 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.

 

Forward-looking
information

Some statements in this news release contain forward-looking
information (within the meaning of Canadian securities legislation), including, without limitation, the statements regarding the completion of a NI 43-101 compliant resource
estimate and the expected receipt of assay and metallurgical test results. 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 of Tetra Tech WEI Inc to complete the NI 43-101 compliant resource
estimate and deliver the assay and metallurgical test results within the
currently anticipated time periods, as well as customary risks of the mineral
resource exploration industry.

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Drill Plan Map

http://thenewswire.ca/client_files/2013-04-03-0.pdf

Core Photos

http://thenewswire.ca/client_files/2013-04-03-1.pdf

Rock Chip Samples Map

http://thenewswire.ca/client_files/2013-04-03-2.pdf