Novo Resources to Trade on the OTCQB Market

Company Overview - Novo Resources is an Australian-based gold exploration company listed on the ASX and TSX, focused on discovering standalone gold projects with over 1 million ounces (Moz) of development potential [7] - The company holds a significant land package covering approximately 5,500 square kilometers in the Pilbara region of Western Australia, along with the 22 square kilometer Belltopper project in Victoria [7] - Novo has a disciplined investment portfolio and program aimed at identifying value-accretive opportunities for shareholders [9] Strategic Transition - Novo Resources has transitioned its US trading platform from OTCQX to OTCQB, effective immediately, under the ticker symbol NSRPF [1][2] - The transition aligns with the company's evolving strategic priorities and aims to enhance engagement with the US investment community while maintaining access to a respected trading platform [2] - The OTCQB offers increased visibility, higher compliance standards, and greater trading efficiency, which supports Novo's goal of creating long-term value for stakeholders [3] Key Projects and Exploration - Novo's key project area is the Egina Gold Camp, where De Grey Mining is farming-in to form a joint venture (JV) at the Becher Project through an exploration expenditure of A$25 million over 4 years for a 50% interest [8] - The Becher Project shares geological similarities with De Grey's 12.7 Moz Hemi Project [8] - Novo is advancing gold exploration at Nunyerry North, part of the Croydon JV (Novo 70%, Creasy Group 30%), where 2023 drilling identified significant gold mineralization [8] - The company continues early-stage exploration across its Pilbara tenement portfolio [8] Exploration Target - Novo has defined an Exploration Target under the JORC Code (2012) with a tonnage range of 1.5Mt to 2.1Mt and a grade range of 6.6g/t Au to 8.4g/t Au [11] - The Exploration Target is conceptual in nature, and further exploration is required to estimate a Mineral Resource [11] - The company confirms no new information materially affects the original market announcement, and all assumptions and technical parameters remain unchanged [11]