Mr. Mike Spreadborough reports

NOVO ANNOUNCES 2023 SUSTAINABILITY REPORT

Novo Resources Corp. has released its 2023 sustainability report, which outlines progress over the past year.

The report is available on the company's website.

Novo's 2023 sustainability report demonstrates that while the business strategy has shifted from production to exploration, the commitment to sustainability remains unchanged and the company's stakeholders, including local communities and traditional owners, have been and continue to be integral to success.

Novo executive co-chairman and acting chief executive officer Mike Spreadborough commented: "This year, we formalized our community investment strategy through the development of a social investment policy and procedure," the report said. "Collectively, these documents will guide us as we continue to make meaningful investments in the communities in which we operate.

"In the year to come, we will continue to listen to our stakeholders, and support our people and communities, with a focus on minimizing risk and maximizing opportunities. We would sincerely like to thank the Novo team, along with our communities and traditional owners for their dedication and ongoing support and contribution to our sustainability efforts this past year."

About Novo Resources Corp.

Novo explores and develops its prospective land package covering approximately 9,000 square kilometres in the Pilbara region of Western Australia, along with the 22-square-kilometre Belltopper project in the Bendigo tectonic zone of Victoria, Australia. In addition to the company's primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its stakeholders.