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TSX-V: NVO|OTCQX: NSRPFwww.novoresources.com

November 12, 2016

“Unlocking a New Australian Goldfield”

This document is for information purposes only and is not an offer to sell, nor a solicitation of an offer

to purchase, any securities. It does not purport to contain all of the information that a prospective

investor may require and it is not intended to provide any legal, tax or investment advice.

Metals Investor Forum

http://www.novoresources.com

CNSX: NVO|OTCQX: NSRPF

Some statements in this presentation contain forward-looking information (within the meaning of Canadian securities

legislation), including without limitation statements as to the potential, through further drilling, to expand and upgrade to the

indicated category the inferred resources described in this presentation, and that a preliminary economic assessment will be

undertaken later this year. 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 programs and other exploration activities as currently contemplated, the

receipt of successful results as drilling proceeds, customary risks of the mineral resources exploration industry as well as Novo

Resources Corp. (“Novo” or the “Company”) having sufficient cash to fund the planned drilling and other activities, as well as

other risks and factors mentioned in the continuous disclosure filings of Novo which can be found under its profile on the

SEDAR website (www.sedar.com).

Shareholders and prospective investors are therefore cautioned not to place undue reliance on forward-looking information.

Novo undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of

new information, future events or other such factors which affect this information, except as required by law.

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 presentation.

This presentation uses the term "inferred resources." We advise U.S. investors that while this term is recognized and required

by Canadian regulations, it is not recognized by the U.S. Securities and Exchange Commission. "Inferred resources" have a

great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be

assumed that all or any part of an "inferred mineral resource" will ever be upgraded to a higher category. Under Canadian

rules, estimates of "inferred mineral resources" may not form the basis of a feasibility study or prefeasibility studies. U.S.

investors are cautioned not to assume that any part or all of an inferred resource exists or is economically or legally

mineable.

TSX-V: NVO|OTCQX: NSRPF

Forward-Looking Information &

Cautionary Note to U.S. Readers

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http://www.sedar.com/

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CNSX: NVO|OTCQX: NSRPFTSX-V : NVO|OTCQX: NSRPF

Company Overview

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Capital Structure (November 2016):

Shares Outstanding: 92,980,566

Options Outstanding: 5,225,000

(Directors, Officers, Employees and Consultants)

Warrants Outstanding: 13,524,141

($0.80 – July, 2017)

($0.85 – March, 2018)

($1.25 – July/August 2018)

Gold Right Debentures: 49,253

Issued Shares – Fully Diluted: 111,798,960

Management & Insiders: 43% of common shares

Cash: ~CAD $4M

TSX-V:NVO I OTCQX: NSRPF

Management & Insiders, 12%

Newmont, 19%

Creasy Group, 12%

Public Float, 57%

Management & Insiders Newmont Creasy Group Public Float


Pilbara Gold Project

Gold in the Pilbara: Novo Resources has assembled a formidable land position in the Nullagine gold camp covering

two robust gold systems: conglomerate hosted-Au at Beatons Creek and bonanza grade orogenic

Au along the Blue Spec shear zone.

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Beatons Creek

An unusual style of deposit: Gold-bearing conglomerate horizons occur within 20 meters of surface, are thoroughly oxidized

and amenable to gravity recovery.

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Beatons Creek

Gold in Conglomerates:

Exposure in trenchGrade = 6.1 gpt Au

Fresh pyrite clastsOxidized pyrite clasts

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Beatons Creek

Gravity Recoverable Gold:

Extensive test work conducted on Beatons Creek

conglomerates indicates recoveries of around 85% can

be achieved through simple gravity-only processing.

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Beatons Creek

2014-15 Shallow RC Drilling and Trenching Program:

Novo targeted shallow,

oxidized gold-bearing

conglomerate horizons

in an area covering

about 4 sq km.

Drilling and trenching

carried out in late 2014

through mid 2015 was

designed to gather

sufficient data to define

a sizeable resource

(target 3-4 Mt) that could

be developed into a

~1,500 tpd, low-cost

mining operation.

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Beatons Creek

Oxide Reef Model:

Looking down and northwest

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Beatons Creek

Oxide Reef Model:

Looking down and northwestLooking down and north

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Beatons Creek

Beatons Creek New Resource (Sept 15, 2015):

Please refer to the news release issued on September 16, 2015 for further disclosure

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Beatons Creek

Selective Mining Concept:

Oxidized material is soft

and should not require

drilling and blasting.

Using precise surveying

and visual control, it

should be possible to strip

overburden off the top of

the reef to within 10-20 cm

of its top.

The reef itself can be

selectively mined.

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Beatons Creek

30,000 Tonne Bulk Sample:

Demonstrated no drilling and blasting is required. All near-surface material can easily excavated

with heavy equipment.

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Beatons Creek

30,000 Tonne Bulk Sample:

Demonstrated continuity and consistency of gold-bearing reefs. Beds are sheet-like and are not

disrupted by folding or faulting.

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Beatons Creek

30,000 tonne Bulk Sample:

Upper and lower contacts of gold-bearing reefs can be readily be identified while mining

resulting in minimal dilution.

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Beatons Creek

30,000 tonne Bulk Sample: Bench sample grades range from 0.62 to 11.54 gpt Au and average 2.78 gpt Au. The resource

block model of this area estimated grades ranging from about 0.5 to just under 5.0 gpt Au and

averaging 1.65 gpt Au.

Of 33 bench samples, four report grades lower than nearby resource blocks whereas 29 report

grades similar or better than nearby resource blocks.

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Beatons Creek

Trial Processing:

Main goal is to confirm grades.

Expected completion late 2016.

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Beatons Creek

Proposed Mine Site:

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Beatons Creek

Advancing Beatons Creek:

- Trial mining and processing: July-Dec, 2016

- Commercial scale permitting: July, 2016-June, 2017

- Complete PEA upon completion of trial mining: Early 2017

- Construction: July-Aug, 2017

- Production: Sept, 2017

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Beatons Creek

Potential of Beatons Creek:

Novo views developing

shallow oxide gold

mineralization as key to

unlocking the potential

of this gold district in a

staged approach

Should positive cash

flow be achieved, further

exploration will target

additional shallow oxide,

shallow sulphide and

deep sulphide potential.

Additional conglomerate

Au targets across the

Nullagine and Marble

Bar sub-basins could

also be explored.


Blue Spec Shear Zone:- 65 km long shear zone crossing the Mosquito Creek Basin. Novo controls ~65%.

- Bonanza gold grades at multiple locations

- High grade antimony present in some zones

Blue Spec Shear Zone

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65 km



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Blue Spec shear zone is under-explored; 25,000 m drill program underway



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Known shoots are not closed off; grade shells indicate extensions in undrilled areas



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Drilling as of October 12, 2016

Areas to be tested



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Multiple Drill Ready Targets:

- Many already permitted

- Easy access for reverse circulation

drilling; 6,000 m planned

- Bonanza gold assays from surface

suggest presence of outcropping

high grade shoots

- Initial drilling will target shoots to

depths of up to 150 meters

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CORPORATE HEADQUARTERS:

Suite1980 - 1075 West Georgia St.

Vancouver, BC V6E 3C9

Canada

FOR MORE INFORMATION CONTACT:

Telephone: 1-(416)-543-3120

E-mail: [email protected]

www.novoresources.com

US OFFICE:

Suite 106-500 Coffman St.

Longmont, CO 80501

USA

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