Novo Resources Corp. announced high grade gold and antimony results from rock chip samples recently collected at its Blue Spec project located near the company's Beatons Creek project in Western Australia. The Blue Spec gold-antimony project encompasses about 15 km of strike along the Blue Spec shear zone, an east-west trending corridor of steeply dipping structures cutting the 2.9 billion year old Mosquito Creek Formation and hosting gold-antimony mineralization.

Mineralization is of orogenic lode vein style and displays multiple stages of deposition. Some low to high grade gold mineralization occurs in quartz-carbonate veins with minor associated sulfides, however, most high grade gold occurs in stibnite+/-quartz veins. Stibnite is a Sb-sulfide mineral.

This style of gold mineralization is present elsewhere in Australia including at Mandalay Resources' Costerfield mine in Victoria State. High grade shoots at the Blue Spec and Gold Spec mines collectively host indicated resources of 151,000 tonnes at 21.7 gpt Au (105,300 oz) and 1.7% Sb and inferred resources of 264,000 tonnes at 13.3 gpt Au (112,600 oz) and 1.0% Sb. This historical estimate, disclosed in Northwest's news release of September 30, 2013 and in the mineral resource statement issued by Northwest on the same date (the "Northwest Disclosure Documents"), are stated to have been reported in accordance with the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (2012 JORC Code), which are consistent with sections 1.2 and 1.3 of NI 43-101.

For the key assumptions, parameters, and methods used to prepare these estimates. These are the most updated estimates and data available regarding the Blue Spec and Gold Spec deposits and, as such, no work needs to be done at this point in time to upgrade or verify the estimates. Novo is unaware of the existence of any technical report prepared in connection with the technical information contained in the Northwest Disclosure Documents.

A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Novo is not treating the historical estimate as current mineral resources or mineral reserves. Two areas of high grade gold mineralization have been identified west of the Gold Spec mine.

The first area, located about 0.9 km west of Gold Spec, is defined by seven recent and historic rock chip samples collected from vein float material. Gold grades range from 22.5-143.8 gpt, and Sb ranges from 0.1-2.5%. Samples were collected over a strike length of about 100 m. Two historic reverse circulation drill holes are collared about 60 m north of these samples and were angled back at this zone, but neither hole appears to have adequately tested the area beneath these sample locations.

The second area, located about 250 meters west of Gold Spec, is highlighted by four recent and historic rock chip samples grading 5.4-86.9 gpt Au. Up to several hundred ppm Sb is also present. All samples are spot rock chips collected from subcropping vein or float material.

Samples are scattered over a strike length of about 200 m. Some shallow historic reverse circulation drill holes and trenches are present in the area, but data for these is missing or sketchy. The location of an historic rock chip sample grading 5.3 gpt Au was identified between the Blue Spec and Red Spec areas suggesting mineralization is present between these zones. Historic drilling is sparse in this gap.

A high grade outcrop sample was collected in the Middle Creek flood plain in an area with no previous sampling history. This sample grades 47.7 gpt Au and 2.4% Sb. Given that outcrop is very scarce in this area, the discovery of this sample site is highly significant and suggests the potential for a hidden target in this location.

More sampling is needed to evaluate this possibility. At the Orange Spec target, new rock chip samples taken from sub- and outcropping veins grade 4.2-15.7 gpt Au along a zone about 50 m long. Several wide-spaced historic drill holes in this area encountered intervals of high grade gold to 15 ppm.

Interestingly, Sb is below 100 ppm in most samples from this location. These new surface sample results indicate more work is needed in this location. Sampling of outcropping veins at Green Spec returned gold grades between 2.5-38.6 gpt.

Sb ranges from a few hundred ppm to 1.4%. Although a small shoot of mineralization is defined by historic drilling, more work is needed at Green Spec and along strike in both directions. A new target has been confirmed about 500 m east of 20 Mile Creek.

Recent and historic spot rock chip samples from veins grade 3.0-15.8 gpt Au. Like Orange Spec, Sb contents are low, generally less than 100 ppm. A few scattered historic drill holes have been identified nearby, but more work is clearly warranted in this location.

All surface samples collected by Novo and reported in this news release were submitted to Genalysis Laboratory, Perth, Australia. Samples were prepped by drying, crushing to -2 mm and pulverizing to -100 microns. Gold was analyzed by fire assay with a mass spectrometry finish and Sb was analyzed by ICP following 4 acid digest.

Historic rock chip results reported in this news release were obtained from historic Northwest Resources Ltd. data. Analyses were performed by ALS Chemex, Perth. Au was fire assayed with an atomic absorption finish and Sb was analyzed by ICP following acid digest.

Quinton Hennigh (Ph.D., P.Geo.) is the Qualified Person pursuant to National Instrument 43-101 responsible for, and having reviewed and approved, the technical information contained in this news release. Dr. Hennigh is President, CEO and Director of Novo Resources Corp.