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(via Thenewswire.ca)

VANCOUVER, BC / TheNewswire / March 10, 2015 - Novo Resources Corp. (CSE: NVO; OTCQX: NSRPF) ("Novo" or the "Company") is pleased to announce new assay results from shallow oxide drill holes at its Beatons Creek gold project near Nullagine, Western Australia (please see attached Drill Hole Map). Intercepts include 3 m @ 2.37 gpt Au in hole BCRC14-065, 3 m @ 3.54 gpt Au in hole BCRC14-266, 1 m @ 5.74 gpt Au in hole BCRC14-272, 1 m @ 4.91 gpt Au and 2 m @ 4.05 gpt Au in hole BCRC14-286, 7 m @ 3.55 gpt Au including 1 m @ 20.41 gpt Au in hole BCRC-291, 1 m @ 40.07 gpt Au in hole BCRC14-293, 3 m @ 3.51 gpt Au in hole BCRC14-296, 2 m @ 3.98 gpt Au in hole BCRC14-322 and 1 m @ 6.61 gpt Au in hole BCRC14-323 (please see Reverse Circulation Drill Results table below). Importantly, most of the aforementioned gold intercepts occur at shallow depth in thoroughly oxidized gold-bearing conglomerate horizons (reefs) that are potentially amenable to open cast mining.

"We are very pleased to see high grades and longer gold-bearing intervals in some of our new drill holes," commented Dr. Quinton Hennigh, President and CEO of Novo Resources Corp. "Once again, our drill results support the case for a significant shallow, oxide resource at Beatons Creek. Given confidence by our results to date, Novo is now making plans to test mine reefs in multiple locations. This work will not only be used to demonstrate reef continuity and grade, it will provide the first indication of anticipated mining costs for this project. Test mining will be undertaken in the second quarter of this year."

Novo drilled approximately 9,000 meters in 327 reverse circulation (RC) drill holes in late 2014 as part of a program to define a shallow, oxide resource. The Company released initial results for 38 drill holes in a news release dated February 9, 2015 and a further 121 drill holes in a news release dated February 26, 2015. With this news release, initial results for 253 drill holes have been announced. Results from the remaining 74 holes are expected back by about the third week in March at which time new cross sections will be constructed using the complete data set (please refer to the Company's news release dated February 9, 2015 for preliminary cross sections).

Analyses released to date were largely conducted on a 1 kg split of raw RC drill cuttings using the LeachWell technique, an accelerated CN leach (6 hour leach time). These results should be considered preliminary. Samples containing appreciable gold will be subjected to a more rigorous analytic protocol including analysis utilizing a 3 kg split subjected to the LeachWell technique (24 hour leach time) and a second analysis subjecting a 3 kg split to screen metallic fire assay. Conducting these latter two analyses on large, 3 kg splits, is critical to adequately quantify gold content in the highly nuggety mineralized material from Beatons Creek. Genalysis Laboratories is currently prepping many of the samples with appreciable gold following this more rigorous protocol. Results from the 3 kg LeachWell and 3 kg screen metallic fire assay are expected back over the coming weeks

Recent metallurgical work indicates mineralized reef material is potentially amenable to simple, inexpensive gravity processing (please refer to the Company's news release dated December 10, 2014). Novo is currently focused on developing a resource comprised of such reefs that can be quickly advanced to feasibility and development (please refer to multiple news releases from the latter half of 2014).

Quality Control and Quality Assurance

Reverse circulation drilling discussed in this news release was conducted under the supervision of Dr. Quinton Hennigh, Novo's Chief Executive Officer, President and Director. Drill samples were submitted to Genalysis Laboratories, Perth, WA for analysis. Sample weights range from approximately 15-20 kg. A 1 kg split of raw drill cuttings was taken from each sample interval and subjected to the LeachWell technique, an accelerated CN leach (6 hour leach time). Most of the analyses reported in the table accompanying this news release were analyzed by this method, however, a few samples from holes BCRC14-013, BCRC14-027 and BCRC14-028 were analyzed utilizing a 3 kg split subjected to the LeachWell technique (24 hour leach time). One sample from hole BCRC14-013 was also analyzed by screen metallic assay on a 3 kg split. Due to the nuggety nature of gold mineralization at Beatons Creek, all gold-bearing samples from this drill program will ultimately be analyzed utilizing a 3 kg split subjected to the LeachWell technique and utilizing a second 3 kg split subjected to screen fire assay. Results from the latter two types of analysis are expected to demonstrate acceptable analytic variability and thus will be used for resource modeling.

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 presently has multiple joint ventures earning a 70% interest in approximately 1,800 square kilometers of 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, statements as to planned exploration activities and statements as to the expected timing of receipt of results from various exploration and testing 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, the ability to undertake and complete the planned exploration activities, the receipt of successful results as exploration proceeds, customary risks of the mineral resource exploration industry, dependency upon third parties, assumptions made by management of Novo, as well as Novo having sufficient cash to fund the planned drilling and other activities.

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Reverse Circulation Drill Results - Beatons Creek Oxide Resource Drilling

Hole

From (m)

To (m)

Length (m)

1 kg LeachWell (gpt)

3 kg LeachWell (gpt)

3 kg Screen Metallic Assay (gpt)

BCRC14-001

37

38

1

0.37

BCRC14-002

No reef encountered

BCRC14-003

No reef encountered

BCRC14-004

23

24

1

0.79

BCRC14-005

No reef encountered

BCRC14-006

No reef encountered

BCRC14-007

No reef encountered

BCRC14-008

No reef encountered

BCRC14-009

15

16

1

1.17

BCRC14-010

No reef encountered

BCRC14-011

12

13

1

0.36

BCRC14-012

15

16

1

0.59

BCRC14-013

36

37

1

1.00

0.91

BCRC14-014

No reef encountered

BCRC14-015

22

23

1

0.27

BCRC14-015A

22

24

2

0.77

BCRC14-016

43

45

2

0.41

BCRC14-017

39

42

3

0.41

BCRC14-018 awaiting full assay

BCRC14-019

26

27

1

0.42

BCRC14-020

31

33

2

1.68

BCRC14-021

30

32

2

1.00

BCRC14-022

40

41

1

0.62

BCRC14-023

32

33

1

2.11

BCRC14-024

36

37

1

0.36

BCRC14-025

51

52

1

1.55

BCRC14-026

No reef encountered

BCRC14-027

20

21

1

2.57

BCRC14-028

24

25

1

2.40

BCRC14-029

No reef encountered

BCRC14-030

25

27

2

0.38

BCRC14-030A

25

27

2

0.65

BCRC14-031

28

31

3

1.42

BCRC14-032

26

27

1

1.38

BCRC14-033

30

31

1

1.83

BCRC14-034

27

29

2

0.30

BCRC14-035

10

11

1

1.03

BCRC14-036

9

11

2

1.00

BCRC14-037

11

12

1

1.25

BCRC14-038

1

3

2

1.76

BCRC14-039

1

2

1

1.90

BCRC14-040

3

4

1

0.21

BCRC14-041

19

20

1

0.86

BCRC14-042

No reef encountered

BCRC14-043

10

11

1

1.12

BCRC14-044

22

23

1

1.17

BCRC14-045

3

4

1

1.16

BCRC14-045A

13

14

1

0.86

BCRC14-046

 0

1

1

0.94

BCRC14-047

No reef encountered

BCRC14-048

12

13

1

0.40

BCRC14-049

7

9

2

0.70

BCRC14-050

1

4

3

0.64

BCRC14-051

 0

1

1

1.42

BCRC14-052 thru -056 awaiting full assay

BCRC14-057

21

22

1

0.51

BCRC14-058 awaiting full assay

BCRC14-059

8

9

1

0.67

BCRC14-060

 0

2

2

0.62

BCRC14-060A

 0

3

3

0.33

BCRC14-061

No reef encountered

BCRC14-062

11

12

1

0.37

BCRC14-063

 0

2

2

0.58

BCRC14-064

1

2

1

1.54

BCRC14-065

6

7

1

1.71

BCRC14-066 thru -072 awaiting full assay

BCRC14-073

13

14

1

1.69

BCRC14-074

12

13

1

0.66

BCRC14-075

1

2

1

0.67

5

6

1

1.13

12

13

1

1.07

BCRC14-075A

2

3

1

2.58

6

7

1

3.05

11

13

2

1.57

14

15

1

3.04

BCRC14-076

5

6

1

3.71

7

9

2

2.04

BCRC14-077

No reef encountered

BCRC14-078

9

10

1

1.01

BCRC14-079

10

12

2

0.48

BCRC14-080

5

6

1

9.09

BCRC14-081

15

17

2

0.70

BCRC14-082

9

11

2

1.01

BCRC14-083

1

2

1

3.36

16

18

2

1.12

BCRC14-084

 0

1

1

0.76

15

16

1

0.92

BCRC14-085

8

10

2

1.90

BCRC14-086

10

12

2

1.22

BCRC14-087

12

13

1

2.19

BCRC14-088 thru -090 awaiting full assay

BCRC14-091

10

11

1

0.77

BCRC14-092

4

6

2

0.27

BCRC14-093

10

12

2

0.35

BCRC14-094

No reef encountered

BCRC14-095

No reef encountered

BCRC14-096

No reef encountered

BCRC14-097

 0

3

3

2.28

8

10

2

1.20

BCRC14-098

11

17

6

8.77

including

14

17

3

16.70

BCRC14-099

 0

1

1

1.46

BCRC14-100

11

13

2

0.98

BCRC14-101

4

6

2

1.24

BCRC14-102

6

7

1

0.60

BCRC14-103

3

5

2

0.67

BCRC14-104

2

3

1

0.59

BCRC14-105

No reef encountered

BCRC14-105A

No reef encountered

BCRC14-106

8

10

2

0.44

BCRC14-107

 0

2

2

0.29

BCRC14-108

No reef encountered

BCRC14-109

10

11

1

0.38

BCRC14-110

5

6

1

0.34

7

8

1

0.36

BCRC14-111

2

3

1

1.79

BCRC14-112

11

12

1

0.69

17

18

1

0.92

BCRC14-113

23

24

1

0.56

BCRC14-114

25

26

1

1.76

BCRC14-115

24

25

1

0.92

BCRC14-116

17

18

1

1.33

BCRC14-117

9

10

1

11.32

BCRC14-118

8

9

1

0.63

15

16

1

0.73

BCRC14-119

 0

1

1

0.66

8

9

1

1.00

BCRC14-120

 0

1

1

0.75

BCRC14-120A

2

3

1

0.63

BCRC14-121

 0

1

1

0.82

BCRC14-122

2

3

1

0.55

7

8

1

0.72

BCRC14-123

21

22

1

0.55

BCRC14-124

7

8

1

0.52

9

11

2

0.48

BCRC14-125

6

9

3

2.79

22

23

1

1.31

BCRC14-126

2

6

4

2.27

19

21

2

1.29

BCRC14-127

3

4

1

0.57

14

15

1

1.03

BCRC14-128

2

3

1

1.23

4

5

1

0.82

BCRC14-129

No reef encountered

BCRC14-130

 0

1

1

1.18

9

10

1

1.29

13

14

1

0.85

16

18

2

1.11

BCRC14-131

 0

1

1

0.61

5

6

1

0.66

15

16

1

0.61

BCRC14-132

7

9

2

1.10

BCRC14-133

5

6

1

0.33

7

8

1

0.35

BCRC14-134

1

2

1

0.27

BCRC14-135

8

10

2

0.35

22

23

1

0.62

BCRC14-135A

9

12

3

0.52

BCRC14-136

5

7

2

0.78

21

22

1

0.61

BCRC14-137

5

6

1

0.29

20

21

1

0.49

BCRC14-138

 0

1

1

0.55

11

12

1

0.44

BCRC14-139

4

6

2

3.16

BCRC14-140

15

16

1

1.51

19

20

1

1.53

BCRC14-141

 0

1

1

1.10

BCRC14-142

14

15

1

1.95

BCRC14-143

7

9

2

2.45

BCRC14-144

4

5

1

1.80

22

23

1

4.57

BCRC14-145

7

9

2

8.12

BCRC14-146

3

4

1

0.76

12

14

2

0.80

BCRC14-147

2

4

2

0.90

14

15

1

0.58

BCRC14-148

2

5

3

2.59

17

18

1

1.03

BCRC14-149 thru -152 awaiting full assay

BCRC14-153

7

8

1

1.79

20

21

1

1.30

BCRC14-154

2

3

1

0.69

18

19

1

1.50

BCRC14-155

1

2

1

0.78

14

15

1

1.04

BCRC14-156

2

5

3

1.35

11

13

2

0.84

BCRC14-157

4

5

1

0.67

6

7

1

0.87

13

14

1

1.76

15

17

2

1.96

BCRC14-158

 0

2

2

0.76

4

5

1

6.74

10

12

2

0.99

BCRC14-159

1

2

1

0.45

BCRC14-160

5

6

1

1.83

15

16

1

2.05

BCRC14-161

8

9

1

3.12

23

24

1

2.73

26

27

1

1.19

BCRC14-162

4

5

1

0.71

16

18

2

1.21

BCRC14-163

1

2

1

4.59

7

8

1

0.58

14

16

2

1.00

18

19

1

3.49

BCRC14-164

1

2

1

0.78

4

5

1

0.72

6

8

2

0.91

10

11

1

0.84

BCRC14-165

3

5

2

0.65

20

21

1

1.25

BCRC14-165A

1

3

2

0.77

16

18

2

1.48

BCRC14-166

 0

1

1

0.56

3

4

1

0.51

BCRC14-167

2

3

1

1.30

7

10

3

1.17

BCRC14-168

4

7

3

0.89

BCRC14-169

 0

1

1

0.74

4

6

2

1.25

10

11

1

0.81

BCRC14-170

6

7

1

2.89

18

19

1

1.95

BCRC14-171

 0

4

4

1.30

5

6

1

0.82

10

12

2

1.07

BCRC14-172

2

3

1

0.69

4

6

2

0.75

BCRC14-173

3

5

2

1.57

11

12

1

5.96

17

18

1

2.02

BCRC14-174

6

7

1

1.82

11

13

2

1.24

BCRC14-175

4

5

1

0.45

BCRC14-176

14

15

1

0.40

BCRC14-177

8

9

1

0.71

BCRC14-178

1

2

1

1.16

5

6

1

1.22

11

13

2

2.89

14

15

1

2.78

BCRC14-179

9

11

2

1.97

12

14

2

1.27

BCRC14-180

 0

1

1

0.50

4

5

1

0.50

6

8

2

1.19

9

11

2

0.68

12

13

1

0.72

BCRC14-180A

1

2

1

1.25

5

9

4

3.70

including

7

8

1

10.47

10

11

1

1.25

12

13

1

0.84

14

15

1

0.93

BCRC14-181

 0

1.5

1.5

0.76

12

13

1

2.27

17

18

1

0.74

BCRC14-182

2

4

2

0.67

8

10

2

1.74

11

14

3

1.08

BCRC14-183

7

8

1

0.53

BCRC14-184

2

4

2

0.82

5

7

2

0.69

8

9

1

0.55

BCRC14-184D

2

4

2

1.31

6

8

2

0.62

9

10

1

0.62

BCRC14-185

4

7

3

1.13

BCRC14-186

1

2

1

0.82

9

11

2

2.35

BCRC14-187

1

4

3

1.41

8

10

2

2.88

15

16

1

2.10

BCRC14-188

 0

2

2

1.09

4

6

2

2.07

7

8

1

0.75

11

12

1

0.55

13

14

1

0.66

17

19

2

0.77

BCRC14-189

1

2

1

2.91

5

6

1

0.86

10

12

2

0.79

BCRC14-190

2

6

4

2.80

including

2

3

1

8.58

15

16

1

1.02

BCRC14-191

 0

1

1

0.57

4

5

1

0.53

10

11

1

0.57

13

14

1

1.00

BCRC14-192

3

5

2

1.29

BCRC14-193

9

10

1

2.35

BCRC14-194

6

7

1

0.66

BCRC14-195

No reef encountered

BCRC14-195A

No reef encountered

BCRC14-196

No reef encountered

BCRC14-197

No reef encountered

BCRC14-198

No reef encountered

BCRC14-199

No reef encountered

BCRC14-200

No reef encountered

BCRC14-201 thru -218 not driled

BCRC14-219 thru -238 awaiting full assay

BCRC14-239

2

3

1

1.49

9

10

1

1.29

13

14

1

1.38

BCRC14-240

No reef encountered

BCRC14-240A

No reef encountered

BCRC14-241

21

22

1

0.87

25

27

2

1.23

BCRC14-242

7

8

1

0.98

26

27

1

3.00

28

29

1

1.01

BCRC14-243

14

15

1

0.49

17

18

1

0.65

BCRC14-244

 0

1

1

0.39

26

28

2

0.55

BCRC14-245

19

20

1

0.51

BCRC14-246

21

22

1

0.65

BCRC14-247

9

10

1

0.36

BCRC14-248

18

20

2

0.83

BCRC14-249

No reef encountered

BCRC14-250

No reef encountered

BCRC14-251

No reef encountered

BCRC14-252

No reef encountered

BCRC14-253

No reef encountered

BCRC14-254

No reef encountered

BCRC14-255

No reef encountered

BCRC14-255A

8

9

1

0.99

BCRC14-256

No reef encountered

BCRC14-257

No reef encountered

BCRC14-258

No reef encountered

BCRC14-259

5

6

1

0.61

BCRC14-260

No reef encountered

BCRC14-261

No reef encountered

BCRC14-262

1

3

2

0.91

BCRC14-263

3

6

3

0.79

BCRC14-264

No reef encountered

BCRC14-265

32

35

3

2.37

BCRC14-266

33

34

1

2.84

48

55

7

1.92

including

48

51

3

3.54

BCRC14-267

No reef encountered

BCRC14-268

No reef encountered

BCRC14-269

2

3

1

1.32

BCRC14-270

 0

1

1

0.48

BCRC14-270A

 0

1

1

0.45

BCRC14-271

 0

1

1

0.39

BCRC14-272

20

21

1

5.74

BCRC14-273

8

9

1

0.53

BCRC14-274

2

3

1

1.59

10

11

1

0.64

BCRC14-275

3

11

8

0.32

BCRC14-276

10

11

1

0.60

BCRC14-277

 0

1

1

0.77

BCRC14-278

12

13

1

0.39

BCRC14-279

8

9

1

0.32

BCRC14-280

13

14

1

0.52

BCRC14-281

3

4

1

0.92

9

10

1

0.61

BCRC14-282

5

7

2

2.35

BCRC14-283 thru -285 awaiting full assay

BCRC14-285A

7

8

1

0.50

25

26

1

1.82

34

36

2

2.29

38

39

1

2.86

BCRC14-286

9

11

2

1.08

27

28

1

4.91

35

37

2

4.05

BCRC14-287

3

6

3

1.05

21

22

1

2.53

28

30

2

1.85

BCRC14-288

6

7

1

1.39

BCRC14-289

8

11

3

0.82

15

16

1

1.81

BCRC14-290

23

24

1

2.72

BCRC14-291

8

9

1

1.70

10

17

7

3.55

including

10

11

1

20.41

38

39

1

1.74

BCRC14-292

8

11

3

0.88

20

21

1

1.01

BCRC14-293

16

17

1

40.07

19

23

4

0.76

BCRC14-294

6

7

1

0.51

13

14

1

0.61

25

28

3

1.66

BCRC14-295

2

3

1

1.38

6

8

2

0.59

20

22

2

2.75

BCRC14-296

8

11

3

3.51

16

19

3

0.73

BCRC14-297

No reef encountered

BCRC14-298 thru -321 awaiting full assay

BCRC14-322

23

25

2

3.98

28

30

2

0.89

BCRC14-323

1

2

1

0.57

13

14

1

6.61

All samples analyzed utilizing 1 kg LeachWell wil be re-analyzed utilizing 3 kg LeachWell and 3 kg Metallic Screen Assay

Italicized numbers are intervals already released in news releases dated Feb. 9 and Feb. 26, 2015

Drill Hole Map


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