November 15, 2012 at 12:13 PM EST
Novo Resources Continues to Intersect Gold at its Beatons Creek Gold Project, Western Australia

VANCOUVER, November 15, 2012 - Novo Resources Corp. (the "Company") (CNSX: NVO; OTCQX: NSRPF) is pleased to announce Leachwell analytic results from forty-seven new drill holes from its Phase Two reverse circulation drilling at the Beatons Creek Gold Project. Results include 14 meters at 3.68 grams per tonne (gpt) gold including 2 meters at 19.37 gpt gold in hole BCRC12-035 and 5 meters at 7.52 gpt gold including 1 meter at 25.37 gpt gold in hole BCRC12-050.

"Significant gold intercepts been encountered in every Phase Two drill hole that has tested the gold-bearing conglomerates at Grants Hill and returned from the lab thus far," commented Dr. Quinton Hennigh, President and CEO of Novo Resources. "We are happy to see continuity of mineralization continue to develop throughout the targeted area. Forty-seven additional holes are currently at the lab for analysis, and once we have results from these holes, we will be in a good position to determine if a resource can be established at Grants Hill."

Phase Two Drilling

One hundred and one reverse circulation drill holes were completed as part of Phase Two drilling at Grants Hill to expand the area of gold-bearing conglomerates (reefs) as well as infill areas drilled during phase one (see table below; see attached updated drill plan map and cross section).

Highlights:

-Hole BCRC12-035, an infill hole at Grants Hill, encountered 14 meters at 3.68 gpt gold including 2 meters at 19.37 gpt gold. Another nearby infill hole, BCRC12-072, encountered 17 meters at 1.80 gpt gold including 1 meter at 9.98 gpt gold.

-Hole BCRC-050, an infill hole drilled near the southern limits of the target area, encountered 5 meters at 7.52 gpt gold including 1 meter at 25.37 gpt gold. These results are the first indications of higher grades in this area.

-Several holes, BCRC12-045, BCRC12-056, BCRC12-060 and BCRC12-065, were drilled to depths deeper than many recent holes. Each of these holes encountered significant gold-bearing conglomerates at depths of over 80 meters. These deep intercepts suggest there may be a second gold-bearing horizon at depth under Grants Hill.

-Forty-seven holes are currently being analysed and results are expected back over the following few weeks. Metallic screen assays will be conducted on select mineralized intervals once all of the Leachwell analyses have returned. Once the database is complete, the Company plans to evaluate whether a resource can be established at Grants Hill.

----------------------------------------------------------------------

|Summary of Leachwell Gold |

|Analyses from Phase Two |

|drilling  at Beatons Creek |

|(results in italics are new; |

|results in regular font were |

|previously announced in a news |

|release dated October 11, |

|2012): |

|--------------------------------------------------------------------|

|Hole |From (meters)|To (meters) |Length (meters)|Leachwell – |

| | | | |Gold |

| | | | |(grams |

| | | | |per tonne) |

|--------------------------------------------------------------------|

|BCRC12-022|32 |37 |5 |1.73 |

|--------------------------------------------------------------------|

|including |33 |34 |1 |7.06 |

|--------------------------------------------------------------------|

|  |48 |53 |5 |0.53 |

|--------------------------------------------------------------------|

|  |84 |86 |2 |0.44 |

|--------------------------------------------------------------------|

|  |91 |95 |4 |0.62 |

|--------------------------------------------------------------------|

|Holes BCRC-023 |

|through BCRC-028 |

|were part of |

|Phase One |

|drilling and |

|results have |

|been previously |

|released |

|--------------------------------------------------------------------|

|BCRC12-029|45 |50 |5 |1.30 |

|--------------------------------------------------------------------|

|including |45 |46 |1 |4.28 |

|--------------------------------------------------------------------|

|  |60 |72 |12 |1.34 |

|--------------------------------------------------------------------|

|including |62 |63 |1 |13.39 |

|--------------------------------------------------------------------|

|BCRC12-030|11 |13 |2 |0.42 |

|--------------------------------------------------------------------|

|  |20 |21 |1 |0.66 |

|--------------------------------------------------------------------|

|  |34 |36 |2 |1.28 |

|--------------------------------------------------------------------|

|  |49 |54 |5 |0.37 |

|--------------------------------------------------------------------|

|BCRC12-031|32 |37 |5 |0.75 |

|--------------------------------------------------------------------|

|  |49 |57 |8 |0.69 |

|--------------------------------------------------------------------|

|  |66 |67 |1 |1.23 |

|--------------------------------------------------------------------|

|BCRC12-032|29 |36 |7 |3.78 |

|--------------------------------------------------------------------|

|including |31 |32 |1 |5.31 |

|--------------------------------------------------------------------|

|including |33 |34 |1 |18.87 |

|--------------------------------------------------------------------|

|  |44 |45 |1 |0.86 |

|--------------------------------------------------------------------|

|  |48 |52 |4 |0.91 |

|--------------------------------------------------------------------|

|  |56 |57 |1 |1.33 |

|--------------------------------------------------------------------|

|BCRC12-033|39 |42 |3 |0.32 |

|--------------------------------------------------------------------|

|  |50 |67 |17 |0.70 |

|--------------------------------------------------------------------|

|including |56 |57 |1 |3.09 |

|--------------------------------------------------------------------|

|BCRC12-034|10 |14 |4 |0.90 |

|--------------------------------------------------------------------|

|  |28 |29 |1 |0.70 |

|--------------------------------------------------------------------|

|  |36 |40 |4 |0.53 |

|--------------------------------------------------------------------|

|BCRC12-035|0 |1 |1 |0.88 |

|--------------------------------------------------------------------|

|  |13 |27 |14 |3.68 |

|--------------------------------------------------------------------|

|including |14 |16 |2 |19.37 |

|--------------------------------------------------------------------|

|including |14 |15 |1 |32.35 |

|--------------------------------------------------------------------|

|BCRC12-036|0 |7 |7 |0.33 |

|--------------------------------------------------------------------|

|  |19 |34 |15 |1.04 |

|--------------------------------------------------------------------|

|including |29 |30 |1 |5.69 |

|--------------------------------------------------------------------|

|BCRC12-037|2 |11 |9 |0.47 |

|--------------------------------------------------------------------|

|  |15 |26 |11 |2.56 |

|--------------------------------------------------------------------|

|including |25 |26 |1 |24.56 |

|--------------------------------------------------------------------|

|  |33 |42 |9 |8.98 |

|--------------------------------------------------------------------|

|including |34 |35 |1 |74.39 |

|--------------------------------------------------------------------|

|BCRC12-038|0 |9 |9 |0.58 |

|--------------------------------------------------------------------|

|including |5 |6 |1 |3.34 |

|--------------------------------------------------------------------|

|  |21 |28 |7 |0.30 |

|--------------------------------------------------------------------|

|  |36 |41 |5 |0.32 |

|--------------------------------------------------------------------|

|BCRC12-039|0 |1 |1 |1.76 |

|--------------------------------------------------------------------|

|  |14 |31 |17 |0.67 |

|--------------------------------------------------------------------|

|including |30 |31 |1 |3.48 |

|--------------------------------------------------------------------|

|BCRC12-040|9 |21 |12 |6.16 |

|--------------------------------------------------------------------|

|including |9 |14 |5 |14.19 |

|--------------------------------------------------------------------|

|including |9 |10 |1 |8.42 |

|--------------------------------------------------------------------|

|including |11 |13 |2 |28.21 |

|--------------------------------------------------------------------|

|  |29 |37 |8 |1.13 |

|--------------------------------------------------------------------|

|including |36 |37 |1 |3.36 |

|--------------------------------------------------------------------|

|BCRC12-041|49 |51 |2 |0.82 |

|--------------------------------------------------------------------|

|BCRC12-042|6 |12 |6 |0.82 |

|--------------------------------------------------------------------|

|  |15 |24 |9 |0.38 |

|--------------------------------------------------------------------|

|  |49 |51 |2 |3.82 |

|--------------------------------------------------------------------|

|  |30 |32 |2 |0.50 |

|--------------------------------------------------------------------|

|  |39 |41 |2 |0.56 |

|--------------------------------------------------------------------|

|  |45 |50 |5 |0.95 |

|--------------------------------------------------------------------|

|BCRC12-043|33 |41 |8 |0.51 |

|--------------------------------------------------------------------|

|  |59 |61 |2 |1.25 |

|--------------------------------------------------------------------|

|  |67 |69 |2 |0.64 |

|--------------------------------------------------------------------|

|  |72 |76 |4 |0.46 |

|--------------------------------------------------------------------|

|BCRC12-044|21 |24 |3 |0.43 |

|--------------------------------------------------------------------|

|  |54 |55 |1 |2.75 |

|--------------------------------------------------------------------|

|  |80 |84 |4 |0.36 |

|--------------------------------------------------------------------|

|BCRC12-045|37 |41 |4 |0.34 |

|--------------------------------------------------------------------|

|  |68 |69 |1 |1.73 |

|--------------------------------------------------------------------|

|  |78 |81 |3 |0.49 |

|--------------------------------------------------------------------|

|  |95 |99 |4 |0.92 |

|--------------------------------------------------------------------|

|BCRC12-046|15 |19 |4 |0.60 |

|--------------------------------------------------------------------|

|  |41 |42 |1 |2.29 |

|--------------------------------------------------------------------|

|  |45 |50 |5 |1.28 |

|--------------------------------------------------------------------|

|including |49 |50 |1 |4.31 |

|--------------------------------------------------------------------|

|  |55 |59 |4 |1.55 |

|--------------------------------------------------------------------|

|including |57 |58 |1 |3.75 |

|--------------------------------------------------------------------|

|BCRC12-047|hole drilled outside of basin; no significant values |

|--------------------------------------------------------------------|

|BCRC12-048|28 |37 |9 |0.36 |

|--------------------------------------------------------------------|

|  |54 |59 |5 |0.32 |

|--------------------------------------------------------------------|

|  |66 |68 |2 |0.73 |

|--------------------------------------------------------------------|

|  |76 |79 |3 |1.39 |

|--------------------------------------------------------------------|

|  |89 |93 |4 |0.46 |

|--------------------------------------------------------------------|

|BCRC12-049|6 |7 |1 |3.88 |

|--------------------------------------------------------------------|

|  |14 |17 |3 |1.69 |

|--------------------------------------------------------------------|

|  |20 |24 |4 |0.36 |

|--------------------------------------------------------------------|

|  |51 |52 |1 |1.25 |

|--------------------------------------------------------------------|

|BCRC12-050|6 |9 |3 |0.44 |

|--------------------------------------------------------------------|

|  |29 |34 |5 |7.52 |

|--------------------------------------------------------------------|

|including |30 |33 |3 |12.33 |

|--------------------------------------------------------------------|

|  |31 |32 |1 |25.37 |

|--------------------------------------------------------------------|

|BCRC12-051|hole drilled outside of basin; no significant values |

|--------------------------------------------------------------------|

|BCRC12-052|19 |21 |2 |1.54 |

|--------------------------------------------------------------------|

|  |42 |44 |2 |0.39 |

|--------------------------------------------------------------------|

|  |50 |52 |2 |0.65 |

|--------------------------------------------------------------------|

|BCRC12-053|1 |4 |3 |0.72 |

|--------------------------------------------------------------------|

|  |22 |24 |2 |0.43 |

|--------------------------------------------------------------------|

|  |45 |48 |3 |0.31 |

|--------------------------------------------------------------------|

|BCRC12-054|5 |8 |3 |0.46 |

|--------------------------------------------------------------------|

|  |12 |17 |5 |0.69 |

|--------------------------------------------------------------------|

|  |37 |39 |2 |0.80 |

|--------------------------------------------------------------------|

|  |46 |54 |8 |0.90 |

|--------------------------------------------------------------------|

|  |56 |58 |2 |0.43 |

|--------------------------------------------------------------------|

|  |65 |68 |3 |0.41 |

|--------------------------------------------------------------------|

|  |70 |73 |3 |1.81 |

|--------------------------------------------------------------------|

|including |71 |72 |1 |3.45 |

|--------------------------------------------------------------------|

|BCRC12-055|1 |3 |2 |1.65 |

|--------------------------------------------------------------------|

|including |1 |2 |1 |3.04 |

|--------------------------------------------------------------------|

|  |5 |11 |6 |0.47 |

|--------------------------------------------------------------------|

|  |14 |15 |1 |0.74 |

|--------------------------------------------------------------------|

|  |25 |28 |3 |0.39 |

|--------------------------------------------------------------------|

|  |34 |36 |2 |0.39 |

|--------------------------------------------------------------------|

|  |40 |42 |2 |0.34 |

|--------------------------------------------------------------------|

|  |43 |45 |2 |0.86 |

|--------------------------------------------------------------------|

|  |56 |66 |10 |1.08 |

|--------------------------------------------------------------------|

|including |60 |61 |1 |3.14 |

|--------------------------------------------------------------------|

|including |64 |65 |1 |4.05 |

|--------------------------------------------------------------------|

|BCRC12-056|0 |11 |11 |1.08 |

|--------------------------------------------------------------------|

|including |0 |1 |1 |5.73 |

|--------------------------------------------------------------------|

|  |17 |29 |12 |0.45 |

|--------------------------------------------------------------------|

|  |32 |35 |3 |0.77 |

|--------------------------------------------------------------------|

|  |38 |42 |4 |0.64 |

|--------------------------------------------------------------------|

|  |59 |61 |2 |0.62 |

|--------------------------------------------------------------------|

|  |63 |65 |2 |0.47 |

|--------------------------------------------------------------------|

|  |66 |67 |1 |0.60 |

|--------------------------------------------------------------------|

|  |78 |82 |4 |0.75 |

|--------------------------------------------------------------------|

|  |87 |89 |2 |0.65 |

|--------------------------------------------------------------------|

|  |91 |96 |5 |1.47 |

|--------------------------------------------------------------------|

|including |94 |95 |1 |5.08 |

|--------------------------------------------------------------------|

|  |98 |102 |4 |0.53 |

|--------------------------------------------------------------------|

|BCRC12-057|10 |18 |8 |0.43 |

|--------------------------------------------------------------------|

|  |35 |36 |1 |0.60 |

|--------------------------------------------------------------------|

|  |41 |47 |6 |0.46 |

|--------------------------------------------------------------------|

|  |51 |52 |1 |0.92 |

|--------------------------------------------------------------------|

|BCRC12-058|2 |6 |4 |0.72 |

|--------------------------------------------------------------------|

|  |14 |24 |10 |0.67 |

|--------------------------------------------------------------------|

|  |33 |35 |2 |0.41 |

|--------------------------------------------------------------------|

|  |44 |46 |2 |0.34 |

|--------------------------------------------------------------------|

|  |49 |57 |8 |0.68 |

|--------------------------------------------------------------------|

|BCRC12-059|1 |5 |4 |1.33 |

|--------------------------------------------------------------------|

|including |2 |3 |1 |3.29 |

|--------------------------------------------------------------------|

|  |17 |26 |9 |1.09 |

|--------------------------------------------------------------------|

|including |24 |25 |1 |3.02 |

|--------------------------------------------------------------------|

|  |30 |31 |1 |0.76 |

|--------------------------------------------------------------------|

|  |51 |52 |1 |0.73 |

|--------------------------------------------------------------------|

|  |57 |59 |2 |0.38 |

|--------------------------------------------------------------------|

|  |61 |63 |2 |1.83 |

|--------------------------------------------------------------------|

|  |74 |75 |1 |1.93 |

|--------------------------------------------------------------------|

|BCRC12-060|18 |19 |1 |11.69 |

|--------------------------------------------------------------------|

|  |21 |22 |1 |1.96 |

|--------------------------------------------------------------------|

|  |30 |38 |8 |0.56 |

|--------------------------------------------------------------------|

|  |84 |85 |1 |1.11 |

|--------------------------------------------------------------------|

|  |126 |134 |8 |1.09 |

|--------------------------------------------------------------------|

|including |127 |128 |1 |3.89 |

|--------------------------------------------------------------------|

|BCRC12-061|2 |10 |8 |0.65 |

|--------------------------------------------------------------------|

|  |18 |19 |1 |0.70 |

|--------------------------------------------------------------------|

|  |25 |31 |6 |0.43 |

|--------------------------------------------------------------------|

|BCRC12-062|6 |14 |8 |0.50 |

|--------------------------------------------------------------------|

|  |19 |28 |9 |1.68 |

|--------------------------------------------------------------------|

|including |19 |20 |1 |9.46 |

|--------------------------------------------------------------------|

|including |22 |23 |1 |4.30 |

|--------------------------------------------------------------------|

|BCRC12-063|2 |5 |3 |1.78 |

|--------------------------------------------------------------------|

|including |2 |3 |1 |3.54 |

|--------------------------------------------------------------------|

|  |10 |17 |7 |1.65 |

|--------------------------------------------------------------------|

|  |13 |14 |1 |7.01 |

|--------------------------------------------------------------------|

|BCRC12-064|0 |4 |4 |1.25 |

|--------------------------------------------------------------------|

|  |7 |10 |3 |4.42 |

|--------------------------------------------------------------------|

|  |7 |9 |2 |6.46 |

|--------------------------------------------------------------------|

|  |33 |36 |3 |0.31 |

|--------------------------------------------------------------------|

|BCRC12-065|27 |28 |1 |0.60 |

|--------------------------------------------------------------------|

|  |37 |48 |11 |0.99 |

|--------------------------------------------------------------------|

|  |55 |56 |1 |0.59 |

|--------------------------------------------------------------------|

|  |58 |59 |1 |0.62 |

|--------------------------------------------------------------------|

|  |61 |63 |2 |0.37 |

|--------------------------------------------------------------------|

|  |64 |67 |3 |0.54 |

|--------------------------------------------------------------------|

|  |79 |82 |3 |0.49 |

|--------------------------------------------------------------------|

|  |84 |91 |7 |1.37 |

|--------------------------------------------------------------------|

|including |86 |87 |1 |4.10 |

|--------------------------------------------------------------------|

|  |96 |97 |1 |0.60 |

|--------------------------------------------------------------------|

|BCRC12-066|14 |15 |1 |1.18 |

|--------------------------------------------------------------------|

|  |22 |30 |8 |1.40 |

|--------------------------------------------------------------------|

|including |24 |25 |1 |7.05 |

|--------------------------------------------------------------------|

|  |35 |38 |3 |0.93 |

|--------------------------------------------------------------------|

|  |44 |45 |1 |0.62 |

|--------------------------------------------------------------------|

|  |64 |68 |4 |1.03 |

|--------------------------------------------------------------------|

|  |75 |79 |4 |0.40 |

|--------------------------------------------------------------------|

|  |89 |91 |2 |0.79 |

|--------------------------------------------------------------------|

|BCRC12-067|1 |4 |3 |0.41 |

|--------------------------------------------------------------------|

|  |8 |12 |4 |0.33 |

|--------------------------------------------------------------------|

|  |15 |19 |4 |1.57 |

|--------------------------------------------------------------------|

|including |17 |18 |1 |3.28 |

|--------------------------------------------------------------------|

|  |28 |31 |3 |0.47 |

|--------------------------------------------------------------------|

|BCRC12-068|hole drilled outside of basin; no significant values |

|--------------------------------------------------------------------|

|BCRC12-069|10 |22 |12 |1.80 |

|--------------------------------------------------------------------|

|including |14 |15 |1 |13.55 |

|--------------------------------------------------------------------|

|  |42 |43 |1 |0.68 |

|--------------------------------------------------------------------|

|  |58 |59 |1 |0.96 |

|--------------------------------------------------------------------|

|  |61 |66 |5 |0.74 |

|--------------------------------------------------------------------|

|  |71 |75 |4 |0.45 |

|--------------------------------------------------------------------|

|BCRC12-070|4 |7 |3 |0.91 |

|--------------------------------------------------------------------|

|  |13 |16 |3 |0.41 |

|--------------------------------------------------------------------|

|  |20 |23 |3 |1.22 |

|--------------------------------------------------------------------|

|  |29 |35 |6 |1.51 |

|--------------------------------------------------------------------|

|  |46 |49 |3 |0.39 |

|--------------------------------------------------------------------|

|BCRC12-071|4 |7 |3 |0.54 |

|--------------------------------------------------------------------|

|  |10 |13 |3 |0.92 |

|--------------------------------------------------------------------|

|  |29 |45 |16 |1.61 |

|--------------------------------------------------------------------|

|including |30 |31 |1 |6.04 |

|--------------------------------------------------------------------|

|including |35 |36 |1 |3.54 |

|--------------------------------------------------------------------|

|including |38 |40 |2 |4.18 |

|--------------------------------------------------------------------|

|BCRC12-072|14 |31 |17 |1.80 |

|--------------------------------------------------------------------|

|including |16 |17 |1 |6.38 |

|--------------------------------------------------------------------|

|including |18 |19 |1 |5.16 |

|--------------------------------------------------------------------|

|including |25 |26 |1 |9.98 |

|--------------------------------------------------------------------|

|  |40 |44 |4 |0.41 |

|--------------------------------------------------------------------|

|  |49 |51 |2 |0.97 |

|--------------------------------------------------------------------|

|BCRC12-073|2 |4 |2 |0.65 |

|--------------------------------------------------------------------|

|  |19 |21 |2 |2.17 |

|--------------------------------------------------------------------|

|including |19 |20 |1 |3.63 |

|--------------------------------------------------------------------|

|  |25 |36 |11 |1.57 |

|--------------------------------------------------------------------|

|including |28 |29 |1 |4.32 |

|--------------------------------------------------------------------|

|including |30 |31 |1 |4.25 |

|--------------------------------------------------------------------|

|including |34 |35 |1 |6.34 |

|--------------------------------------------------------------------|

|  |38 |39 |1 |0.62 |

|--------------------------------------------------------------------|

|  |41 |43 |2 |0.44 |

|--------------------------------------------------------------------|

|  |54 |55 |1 |0.70 |

|--------------------------------------------------------------------|

|BCRC12-074|25 |38 |13 |0.68 |

|--------------------------------------------------------------------|

|  |43 |48 |5 |0.43 |

|--------------------------------------------------------------------|

|BCRC12-075|21 |22 |1 |0.53 |

|--------------------------------------------------------------------|

|  |32 |39 |7 |1.49 |

|--------------------------------------------------------------------|

|  |35 |36 |1 |5.83 |

|--------------------------------------------------------------------|

|  |44 |49 |5 |1.03 |

|--------------------------------------------------------------------|

|  |53 |58 |5 |0.38 |

|--------------------------------------------------------------------|

|BCRC12-076|26 |28 |2 |0.36 |

|--------------------------------------------------------------------|

|  |34 |39 |5 |1.64 |

|--------------------------------------------------------------------|

|including |34 |36 |2 |3.82 |

|--------------------------------------------------------------------|

|  |47 |57 |10 |0.69 |

|--------------------------------------------------------------------|

|  |59 |60 |1 |0.90 |

|--------------------------------------------------------------------|

|BCRC12-077|54 |59 |5 |0.44 |

|--------------------------------------------------------------------|

|  |62 |67 |5 |0.85 |

|--------------------------------------------------------------------|

|  |70 |75 |5 |0.65 |

|--------------------------------------------------------------------|

|  |83 |84 |1 |0.72 |

|--------------------------------------------------------------------|

|BCRC12-078|21 |23 |2 |0.60 |

|--------------------------------------------------------------------|

|  |30 |31 |1 |0.61 |

|--------------------------------------------------------------------|

|  |47 |52 |5 |1.22 |

|--------------------------------------------------------------------|

|including |47 |48 |1 |5.22 |

|--------------------------------------------------------------------|

|  |62 |65 |3 |6.31 |

|--------------------------------------------------------------------|

|including |62 |64 |2 |9.07 |

|--------------------------------------------------------------------|

|BCRC12-079|1 |5 |4 |0.67 |

|--------------------------------------------------------------------|

|  |13 |23 |10 |1.66 |

|--------------------------------------------------------------------|

|  |21 |23 |2 |7.89 |

|--------------------------------------------------------------------|

|  |32 |41 |9 |0.99 |

|--------------------------------------------------------------------|

|including |40 |41 |1 |3.48 |

|--------------------------------------------------------------------|

|  |45 |46 |1 |1.45 |

|--------------------------------------------------------------------|

|  |60 |63 |3 |0.52 |

|--------------------------------------------------------------------|

|BCRC12-080|4 |6 |2 |0.62 |

|--------------------------------------------------------------------|

|  |12 |13 |1 |1.93 |

|--------------------------------------------------------------------|

|  |20 |23 |3 |0.33 |

|--------------------------------------------------------------------|

|  |26 |29 |3 |0.58 |

|--------------------------------------------------------------------|

|  |37 |43 |6 |1.33 |

|--------------------------------------------------------------------|

|including |41 |42 |1 |6.08 |

|--------------------------------------------------------------------|

|  |48 |52 |4 |0.79 |

|--------------------------------------------------------------------|

|  |58 |62 |4 |0.34 |

|--------------------------------------------------------------------|

|BCRC12-081|14 |16 |2 |0.44 |

|--------------------------------------------------------------------|

|  |20 |21 |1 |0.51 |

|--------------------------------------------------------------------|

|  |40 |41 |1 |0.48 |

|--------------------------------------------------------------------|

|  |46 |47 |1 |0.53 |

|--------------------------------------------------------------------|

|  |49 |53 |4 |3.85 |

|--------------------------------------------------------------------|

|including |49 |50 |1 |10.86 |

|--------------------------------------------------------------------|

|including |51 |52 |1 |3.78 |

|--------------------------------------------------------------------|

|  |56 |58 |2 |0.51 |

|--------------------------------------------------------------------|

|  |66 |67 |1 |0.69 |

----------------------------------------------------------------------

Reconnaissance Drilling

Beginning in early November, reconnaissance level drilling was conducted in two areas. The first target, Ronkies Reef, is approximately 6.5 kilometers due south of Grants Hill. Eight reverse circulation drill holes tested about 400 meters of strike along outcropping conglomerates on the margin of the basin. Surface rock chip samples from these conglomerates returned up to 7 gpt gold. Results from these holes are expected back late this year.

The second target is at Golden Crown Hill, approximately 800 meters northeast of Grants Hill. Here, two 200-meter stratigraphic test holes were drilled along with fourteen 50-meter holes testing shallow gold-bearing conglomerates in an area approximately 500 meters in diameter. Results from these holes are expected back late this year.

Metallic Screen Assays from Phase One Drilling

All metallic screen assays from select samples from Phase One drill holes have been received from the laboratory (see table below).

Highlights:

-Metallic screen assays confirm gold grades in previous Leachwell gold analyses from phase one drill holes reported in a press release dated August 21, 2012.

-The average grade of metallic screen assays compared to the average of corresponding Leachwell analyses is nearly equal.

-Leachwell analyses continue to indicate gold mineralization is not refractory and may be amenable to conventional leach processing techniques.

-------------------------------------------------------------------

|Summary of Leachwell Gold |

|Analyses and Metallic |

|Screen Assays from Phase |

|One drilling at Beatons |

|Creek (results in italics |

|are new; results in |

|regular font were |

|previously announced in a |

|news release dated |

|October 11, 2012): |

|-----------------------------------------------------------------|

|Hole |From |To |Length |Leachwell|Metallic|% Change|

| |(meters)|(meters)|(meters)|- |Screen |over LW |

| | | | |Gold |Assay - | |

| | | | |(grams |Gold | |

| | | | |per |(grams | |

| | | | |tonne) |per | |

| | | | | |tonne) | |

|-----------------------------------------------------------------|

|BCRC11-001|69 |73 |4 |0.36 |0.45 |25 |

|-----------------------------------------------------------------|

|  |100 |104 |4 |0.40 |0.58 |45 |

|-----------------------------------------------------------------|

|BCRC11-002|5 |40 |35 |2.08 |1.78 |-14 |

|-----------------------------------------------------------------|

|including |20 |36 |16 |4.29 |3.72 |-13 |

|-----------------------------------------------------------------|

|including |22 |23 |1 |14.01 |27.72 |98 |

|-----------------------------------------------------------------|

|including |28 |31 |3 |14.26 |9.04 |-37 |

|-----------------------------------------------------------------|

|BCRC11-003|48 |73 |25 |1.28 |1.16 |-9 |

|-----------------------------------------------------------------|

|including*|48 |49 |1 |2.85 |14.66 |414 |

|-----------------------------------------------------------------|

|including |68 |70 |2 |8.54 |2.36 |-72 |

|-----------------------------------------------------------------|

|BCRC11-004|73 |89 |16 |0.48 |0.89 |85 |

|-----------------------------------------------------------------|

|including*|81 |82 |1 |2.08 |6.80 |227 |

|-----------------------------------------------------------------|

|  |114 |118 |4 |2.00 |0.76 |-62 |

|-----------------------------------------------------------------|

|including |114 |115 |1 |7.24 |2.55 |-65 |

|-----------------------------------------------------------------|

|BCRC11-005|23 |26 |3 |0.34 |0.25 |-26 |

|-----------------------------------------------------------------|

|  |46 |71 |25 |0.49 |0.53 |8 |

|-----------------------------------------------------------------|

|including |46 |47 |1 |5.76 |2.19 |-62 |

|-----------------------------------------------------------------|

|BCRC11-006|24 |26 |2 |0.47 |0.36 |-23 |

|-----------------------------------------------------------------|

|  |52 |54 |2 |1.69 |0.39 |-77 |

|-----------------------------------------------------------------|

|  |62 |73 |11 |1.08 |1.65 |53 |

|-----------------------------------------------------------------|

|including |62 |64 |2 |4.27 |6.75 |58 |

|-----------------------------------------------------------------|

|* |114 |115 |1 |0.63 |5.02 |697 |

|-----------------------------------------------------------------|

|BCRC11-007|40 |64 |24 |1.49 |1.88 |26 |

|-----------------------------------------------------------------|

|  |48 |49 |1 |3.69 |0.58 |-84 |

|-----------------------------------------------------------------|

|  |60 |61 |1 |25.28 |25.60 |1 |

|-----------------------------------------------------------------|

|including*|63 |64 |1 |0.33 |10.38 |3045 |

|-----------------------------------------------------------------|

|BCRC11-008|19 |24 |5 |0.53 |0.29 |-45 |

|-----------------------------------------------------------------|

|  |40 |70 |30 |0.98 |1.36 |39 |

|-----------------------------------------------------------------|

|including |40 |41 |1 |13.89 |31.01 |123 |

|-----------------------------------------------------------------|

|including*|56 |57 |1 |1.81 |4.47 |147 |

|-----------------------------------------------------------------|

|including |58 |59 |1 |3.79 |0.32 |-92 |

|-----------------------------------------------------------------|

|BCRC11-009|38 |74 |36 |1.36 |0.55 |-60 |

|-----------------------------------------------------------------|

|including |44 |46 |2 |9.73 |3.28 |-66 |

|-----------------------------------------------------------------|

|including |61 |62 |1 |19.23 |5.92 |-69 |

|-----------------------------------------------------------------|

|BCRC11-010|30 |34 |4 |0.42 |0.46 |10 |

|-----------------------------------------------------------------|

|  |67 |81 |14 |0.32 |0.17 |-47 |

|-----------------------------------------------------------------|

|  |96 |109 |13 |0.54 |0.52 |-4 |

|-----------------------------------------------------------------|

|BCRC11-011|23 |24 |1 |1.03 |1.57 |52 |

|-----------------------------------------------------------------|

|  |74 |83 |9 |0.43 |0.43 |0 |

|-----------------------------------------------------------------|

|  |100 |110 |10 |0.51 |0.44 |-14 |

|-----------------------------------------------------------------|

|BCRC11-012|31 |50 |19 |1.41 |1.06 |-25 |

|-----------------------------------------------------------------|

|including |31 |32 |1 |4.88 |4.20 |-14 |

|-----------------------------------------------------------------|

|including |42 |44 |2 |3.55 |0.89 |-75 |

|-----------------------------------------------------------------|

|including*|45 |46 |1 |0.54 |7.35 |1261 |

|-----------------------------------------------------------------|

|including |49 |50 |1 |4.83 |0.24 |-95 |

|-----------------------------------------------------------------|

|BCRC11-013|4 |12 |8 |0.35 |0.38 |9 |

|-----------------------------------------------------------------|

|  |26 |44 |18 |5.18 |2.93 |-43 |

|-----------------------------------------------------------------|

|including |28 |29 |1 |64.19 |7.10 |-89 |

|-----------------------------------------------------------------|

|including |33 |34 |1 |11.54 |29.84 |159 |

|-----------------------------------------------------------------|

|including |37 |38 |1 |3.78 |3.95 |4 |

|-----------------------------------------------------------------|

|BCRC11-014|5 |29 |24 |1.42 |0.29 |-80 |

|-----------------------------------------------------------------|

|including |18 |20 |2 |13.28 |0.87 |-93 |

|-----------------------------------------------------------------|

|BCRC11-015|68 |75 |7 |1.77 |5.29 |199 |

|-----------------------------------------------------------------|

|including |68 |69 |1 |8.05 |31.50 |291 |

|-----------------------------------------------------------------|

|  |125 |127 |2 |0.62 |0.34 |-45 |

|-----------------------------------------------------------------|

|BCRC11-016|19 |25 |6 |0.32 |0.22 |-31 |

|-----------------------------------------------------------------|

|  |47 |54 |7 |0.34 |0.69 |103 |

|-----------------------------------------------------------------|

|  |60 |73 |13 |0.41 |0.57 |39 |

|-----------------------------------------------------------------|

|BCRC12-001|14 |25 |11 |4.15 |3.79 |-9 |

|-----------------------------------------------------------------|

|including |18 |19 |1 |23.40 |24.97 |7 |

|-----------------------------------------------------------------|

|including |20 |23 |3 |5.42 |3.95 |-27 |

|-----------------------------------------------------------------|

|  |35 |52 |17 |0.41 |0.42 |2 |

|-----------------------------------------------------------------|

|BCRC12-002|17 |20 |3 |0.65 |1.79 |175 |

|-----------------------------------------------------------------|

|  |54 |64 |10 |0.44 |0.43 |-2 |

|-----------------------------------------------------------------|

|BCRC12-003|18 |19 |1 |1.47 |1.42 |-3 |

|-----------------------------------------------------------------|

|  |34 |57 |23 |0.73 |0.17 |-77 |

|-----------------------------------------------------------------|

|including |49 |50 |1 |12.79 |0.60 |-95 |

|-----------------------------------------------------------------|

|BCRC12-004|32 |36 |4 |0.35 |0.54 |54 |

|-----------------------------------------------------------------|

|  |53 |76 |23 |1.86 |0.65 |-65 |

|-----------------------------------------------------------------|

|including |53 |54 |1 |37.78 |6.47 |-83 |

|-----------------------------------------------------------------|

|BCRC12-005|3 |13 |10 |0.45 |0.73 |62 |

|-----------------------------------------------------------------|

|  |21 |37 |16 |0.88 |0.96 |9 |

|-----------------------------------------------------------------|

|including |21 |23 |2 |3.51 |4.49 |28 |

|-----------------------------------------------------------------|

|  |45 |48 |3 |0.51 |0.29 |-43 |

|-----------------------------------------------------------------|

|BCRC12-006|0 |10 |10 |1.29 |3.05 |136 |

|-----------------------------------------------------------------|

|including |0 |1 |1 |4.46 |1.95 |-56 |

|-----------------------------------------------------------------|

|including*|3 |4 |1 |1.02 |22.37 |2093 |

|-----------------------------------------------------------------|

|  |26 |34 |8 |0.54 |0.20 |-63 |

|-----------------------------------------------------------------|

|BCRC12-007|38 |40 |2 |0.58 |0.49 |-16 |

|-----------------------------------------------------------------|

|  |43 |45 |2 |0.65 |0.12 |-82 |

|-----------------------------------------------------------------|

|  |51 |55 |4 |0.30 |0.16 |-47 |

|-----------------------------------------------------------------|

|BCRC12-008|12 |25 |13 |0.56 |0.51 |-9 |

|-----------------------------------------------------------------|

|  |49 |53 |4 |0.39 |0.52 |33 |

|-----------------------------------------------------------------|

|BCRC12-009|23 |37 |14 |0.31 |0.28 |-10 |

|-----------------------------------------------------------------|

|  |68 |70 |2 |0.74 |0.68 |-8 |

|-----------------------------------------------------------------|

|BCRC12-010|0 |7 |7 |2.66 |1.58 |-41 |

|-----------------------------------------------------------------|

|including |1 |4 |3 |5.04 |2.09 |-59 |

|-----------------------------------------------------------------|

|  |17 |19 |2 |0.51 |0.16 |-69 |

|-----------------------------------------------------------------|

|  |54 |58 |4 |0.43 |0.84 |95 |

|-----------------------------------------------------------------|

|  |65 |67 |2 |0.60 |0.84 |40 |

|-----------------------------------------------------------------|

|BCRC12-011|74 |76 |2 |0.37 |0.37 |0 |

|-----------------------------------------------------------------|

|  |82 |92 |10 |0.40 |0.19 |-53 |

|-----------------------------------------------------------------|

|BCRC12-012|70 |73 |3 |0.31 |0.45 |45 |

|-----------------------------------------------------------------|

|  |77 |79 |2 |0.30 |0.17 |-43 |

|-----------------------------------------------------------------|

|  |88 |90 |2 |0.34 |0.34 |0 |

|-----------------------------------------------------------------|

|BCRC12-013|74 |76 |2 |1.35 |1.44 |7 |

|-----------------------------------------------------------------|

|  |112 |115 |3 |0.63 |0.66 |5 |

|-----------------------------------------------------------------|

|  |122 |127 |5 |0.51 |0.66 |29 |

|-----------------------------------------------------------------|

|BCRC12-014|79 |89 |10 |0.36 |0.27 |-25 |

|-----------------------------------------------------------------|

|BCRC12-015|85 |86 |1 |0.50 |0.14 |-72 |

|-----------------------------------------------------------------|

|  |88 |91 |3 |0.32 |not |NA |

| | | | | |assayed | |

| | | | | |by MS | |

|-----------------------------------------------------------------|

|BCRC12-016|113 |115 |2 |0.33 |not |NA |

| | | | | |assayed | |

| | | | | |by MS | |

|-----------------------------------------------------------------|

|BCRC12-017|151 |156 |5 |0.99 |0.29 |-71 |

|-----------------------------------------------------------------|

|BCRC12-018|147 |149 |2 |0.78 |0.80 |3 |

|-----------------------------------------------------------------|

|BCRC12-019|91 |123 |32 |0.70 |0.52 |-26 |

|-----------------------------------------------------------------|

|including |91 |92 |1 |9.17 |5.86 |-36 |

|-----------------------------------------------------------------|

|including |96 |97 |1 |4.90 |1.71 |-65 |

|-----------------------------------------------------------------|

|BCRC12-020|57 |65 |8 |0.32 |0.16 |-50 |

|-----------------------------------------------------------------|

|  |78 |83 |5 |0.31 |0.55 |77 |

|-----------------------------------------------------------------|

|  |101 |105 |4 |0.86 |2.25 |162 |

|-----------------------------------------------------------------|

|including*|101 |102 |1 |2.62 |8.17 |212 |

|-----------------------------------------------------------------|

|BCRC12-021|No significant values |  |  |

|-----------------------------------------------------------------|

|BCRC12-022|Hole |  |  |

| |drilled in | | |

| |Phase Two | | |

| |- see | | |

| |other | | |

| |table for | | |

| |results | | |

|-----------------------------------------------------------------|

|BCRC12-023|137 |152 |15 |0.38 |0.36 |-5 |

|-----------------------------------------------------------------|

|  |159 |162 |3 |0.49 |0.37 |-24 |

|-----------------------------------------------------------------|

|BCRC12-024|132 |140 |8 |0.96 |3.05 |218 |

|-----------------------------------------------------------------|

|including |134 |135 |1 |4.81 |21.10 |339 |

|-----------------------------------------------------------------|

|  |157 |159 |2 |2.06 |0.55 |-73 |

|-----------------------------------------------------------------|

|  |166 |167 |1 |0.99 |0.06 |-94 |

|-----------------------------------------------------------------|

|BCRC12-025|118 |119 |1 |0.90 |0.42 |-53 |

|-----------------------------------------------------------------|

|  |126 |133 |7 |0.39 |0.55 |41 |

|-----------------------------------------------------------------|

|  |141 |149 |8 |0.37 |0.24 |-35 |

|-----------------------------------------------------------------|

|BCRC12-026|117 |148 |31 |0.62 |0.68 |10 |

|-----------------------------------------------------------------|

|including |119 |120 |1 |8.83 |11.44 |30 |

|-----------------------------------------------------------------|

|BCRC12-027|19 |23 |4 |0.35 |not |NA |

| | | | | |assayed | |

| | | | | |by MS | |

|-----------------------------------------------------------------|

|  |35 |70 |35 |0.91 |1.05 |15 |

|-----------------------------------------------------------------|

|including*|57 |61 |4 |5.12 |6.74 |32 |

|-----------------------------------------------------------------|

|including |59 |61 |2 |8.21 |8.69 |6 |

|-----------------------------------------------------------------|

|  |79 |80 |1 |0.89 |0.16 |-82 |

|-----------------------------------------------------------------|

|BCRC12-028|59 |60 |1 |1.97 |2.73 |39 |

|-----------------------------------------------------------------|

|  |71 |76 |5 |0.30 |0.22 |-27 |

|-----------------------------------------------------------------|

|  |99 |110 |11 |0.62 |0.65 |5 |

-------------------------------------------------------------------

Fire assay results from four meter composite samples from holes BCRC11-001 through BCRC11-016 were reported by Novo Resources in a news release dated February 14, 2012. Due to the nuggety behaviour of gold in some samples, the Company decided to undertake Leachwell analyses on one meter splits from these drill holes as well as the one meter splits from holes BCRC12-001 through BCRC12-028. These results were reported on August 21, 2012. The Leachwell technique utilizes a large, 1 kilogram, split of pulverized sample thereby reducing the variability associated with coarse particulate gold. Because this technique uses a solution of sodium cyanide to dissolve gold, it also provides a preliminary indication of what levels of gold might be recoverable from these rocks.

Upon return of Leachwell analyses, a selection of 566 samples was resubmitted to the laboratory for metallic screen assay. All of these assays are summarized in the table above where they are compared to the original Leachwell analyses. The metallic screen assay uses a 1 kilogram split of pulverized sample that is sieved using a 150 mesh screen. Two fire assays are performed on the -150 mesh fraction and the +150 mesh fraction, usually amounting to a few grams, is assayed in entirety. A weighted average assay is then calculated for each sample. Like the Leachwell technique, metallic screen assays employ a large, 1 kilogram, split of pulverized sample thereby reducing the variability associated with coarse particulate gold.

Because of the shallow dip of the gold-bearing conglomerates being targeted, mineralized intercepts reported in this news release are close to the true width of the reefs. Some mineralized intercepts include narrower intervals of very high grades. These have been broken out in the tables in this news release. Weighted averages were used to calculate all mineralized intervals.

Quality Control and Quality Assurance

Reverse circulation drill cuttings are collected from every one meter interval at the drill, logged and sampled by Novo Resources personnel. Samples were prepared and analyzed by Leachwell technique and metallic screen fire assay by Intertek-Genalysis Laboratory Services Pty Ltd, Perth, Australia. Both the Leachwell analytic technique and metallic screen assaying utilize a 1 kilogram split of pulverized sample. Novo Resources personnel submitted quality control samples, including duplicates, standards and blanks.

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.

TO VIEW IMAGE (MAP OF GRANT HILL UPDATED DRILLING ) COPY URL BELOW AND PASTE INTO NEW BROWSER WINDOW

http://thenewswire.ca/client_files/2012-11-14-0.pdf

TO VIEW IMAGE (CROSS SECTIONS OF DRILLED HOLES) COPY URL BELOW AND PASTE INTO NEW BROWSER WINDOW

http://thenewswire.ca/client_files/2012-11-14-1.pdf

About Novo Resources Corp.

Novo's focus is to evaluate, acquire and explore natural resource properties and make strategic investments in gold exploration companies. 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 statements as to the planned activities of the remainder of the phase two campaign at Grants Hill. 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 complete the drilling program as currently contemplated, the receipt of successful results as drilling proceeds, customary risks of the mineral resource exploration industry as well as Novo Resources having sufficient cash to fund the planned drilling and other activities.

-

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