Novo Resources Corp. Investor Presentation

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.
March 2017
High Grade Open Pit Gold in Australia
Corporate Presentation
TSX-V: NVO / OTCQ: NRSPF

TSX-V : 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.
2

TSX-V : NVO|OTCQX: NSRPF 3
3
High-Grade Open
Pit Gold Project
• Beatons Creek Open Pit Gold Project
• M&I resource of 299k oz at 2.7 g/t gold
• Inferred resource of 259k oz at 2.7 g/t gold
• Most within 30 meters of surface and open at depth
• Assessing a 2,000 tonne per day operation utilizing a gravity + carbon-in-leach mill
2017 Plan
• Drill 3,000 meters (65% step out, 35% infill); trench sampling
• Update resource in 3-4 months
• Economic Study in 4-6 months
• Plant procurement Q4/2017; construction Q1/2018
Bulk Sample
• 30,000 tonne bulk sample taken in 2016
• Positive grade reconciliation (significantly better than resource model)
• No folding or faulting; flat-lying conglomerate
• Visual marker below mineralized conglomerate – minimize dilution
Operating Mill
Nearby
• Millennium Minerals Ltd. operating within 9 km of NVO deposit
• Plant Capacity 5,400 tpd
High-Grade U/G
Target
• Blue Spec Underground Gold Project
• 16,000 meters of drilling in 2016
• JORC 2012 resource: 106koz @ 24.85 g/t Indicated; 113koz @ 13.95 g/t Inferred

4
Shares
Outstanding
(Basic)
• 93.8 M
Market Cap
(Basic)
• C$74.1 M (based on March 10,
2017 closing price of C$0.79)
Options
Outstanding
• 4.2 M
(avg. exercise price of C$0.87)
Warrants
Outstanding
• 13.5 M
(avg. exercise price of C$1.03)1
Shares
Outstanding
(Fully Diluted)
• 111.6 M
Balance Sheet • ~C$2 M cash, no debt
(1) Includes 3.0 M warrants exercisable at C$0.80 until July 2017, 3.9 M
warrants exercisable at C$0.85 until March 2018 and 6.6 M warrants
exercisable at C$1.25 until July / August 2018
Public Float, 57%
Creasy Group,
12%
Newmont, 19%
Management &
Insiders, 12%
Ownership

Dr. Quinton Hennigh
(President, CEO &
Director)
• Economic geologist with more than 20 years of exploration experience with major
gold mining firms including Homestake Mining, Newcrest Mining and Newmont
Mining
• Currently director and technical advisor to Irving Resources Inc, Precipitate Gold
Corp, TriStar Gold Inc., and NV Gold Corp.
• Ph.D. in Geology/Geochemistry from the Colorado School of Mines
Herrick Lau, MA, CFA
(CFO & Director)
• Over 15 years of experience in corporate finance and public company management
• Managing Director of Baron Group Canada
• Former VP, Corporate Finance in Global Maxfin Capital Inc. and Graydon Elliott
Capital Corp.
Leo Karabelas (VP of
Corporate
Communication)
• Over 10 years of experience in the capital markets and investor relations industry
• President of Focus Communications Investor Relations Inc.
Luca Bechis, MBA
(Director)
• Former partner of Egerton Capital, a major UK hedge fund
• In 2004, he founded Richmond Partners Ltd. to which he remains an advisor and
largest investor
Akiko Levinson
(Director)
• Brings over 20 years of experience to the market, has extensive experience in
mining finance and end-to-end rare earth mineral investment
• President & CEO and Director of Irving Resources Inc. and former President of Gold
Canyon Resources Inc.

CNSX: NVO|OTCQX: NSRPFTSX-V : NVO|OTCQX: NSRPF
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
6

CNSX: NVO|OTCQX: NSRPFTSX-V : NVO|OTCQX: NSRPF
7
A Unique Style of Deposit
• Gold-bearing conglomerate horizons occurring near surface are thoroughly oxidized
• Transition to fresh rock at around 20 m. Fresh rock is free-milling

Exposure in trench
Grade = 6.1 gpt Au
Fresh pyrite clasts
Oxidized pyrite clasts
Gold in Conglomerates

Nuggety Gold
• Extensive test work conducted on Beatons
Creek conglomerates indicates high gravity
recoveries
• Cyanidation recovers most of the rest

2014-15 Shallow RC Drilling and Trenching Program
• Novo targeted shallow,
oxidized gold-bearing
conglomerate horizons in
an area covering about
four 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

Looking down and northwest
Oxide Reef Model

Beatons Creek New Resource (Sept. 15, 2015)
Classification Cut Off Grade (g/t) Tonnes (000) Grade (g/t) Resouce (oz)
Measured 0.5 515 3.1 51
Indicated 0.5 2,822 2.7 241
Measured & Indicated 0.5 3,337 2.7 292
Inferred 0.5 2,668 2.4 203
Measured 2.0 - - -
Indicated 2.0 55 4.2 7
Measured & Indicated 2.0 55 4.2 7
Inferred 2.0 369 4.7 56
Measured 0.5 / 2.0 515 3.1 51
Indicated 0.5 / 2.0 2,877 2.7 249
Measured & Indicated 0.5 / 2.0 3,392 2.7 299
Inferred 0.5 / 2.0 3,037 2.7 259
Near Surface Mineral Resources
Underground Mineral Resources
Global Mineral Resources
Please refer to the news release issued on September 16, 2015 for further disclosure

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

30,000 Tonne Bulk Sample
• Demonstrated no drilling and blasting is required. All near-surface material can easily
excavated with heavy equipment

• Demonstrated continuity and consistency of gold-bearing reefs. Beds are sheet-like and are
not disrupted by folding or faulting

• Upper and lower contacts of gold-bearing reefs can be readily be identified while mining
resulting in minimal dilution

• Bench sample grades range
from 0.62 to 11.54 g/t Au and
average 2.78 g/t Au. The
resource block model of this
area estimated grades
ranging from about 0.5 to
just under 5.0 g/t Au and
averaging 1.65 g/t Au
• Of 33 bench samples, four
report grades lower than
nearby resource blocks
whereas 29 report grades
similar or better than nearby
resource blocks

Trial Processing
• Main goal – to confirm grade

Trial Processing Results

Undiluted predicted grade = 1.65 gpt Au

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

Advancing Beatons Creek - 2017
• Cyanidation tests from
gravity tailings are very
encouraging. Recoveries of
+97% achievable. Novo is
re-gearing economic study
and permitting toward
gravity+CIL processing
• Gravity+CIL processing
means fresh rock can be
considered. Novo currently
undertaking drilling and
trenching to grow and
upgrade resources. Work
will take 3-4 months
• Economic study to be
completed by Q3/2017.
Plant procurement targeted
for late 2017. Construction
targeted for Q1, 2018
Cyanidation Tests from Beatons Creek Bulk Sample Tailings
Test No.
Grind Calc Extraction Extraction Extraction Lime NaCN
TEST Size Head at 8 hours at 12 hours at 24 hours Consump. Consump.
(P80 µm) (ppm) (%) (%) (%) (kg/t) (kg/t)
CT1806
40% Solids -
1.5kg/t NaCN -
pH 10.5
150 3.28 99.4% 99.4% 99.4% 1.45 0.37
CT1807
40% Solids -
1.5kg/t NaCN -
pH 10.5
106 2.66 95.5% 99.3% 99.3% 1.51 0.33
CT1808
40% Solids -
1.5kg/t NaCN -
pH 10.5
75 1.85 97.2% 99.5% 99.5% 1.35 0.40
CT1814
40% Solids -
1.0kg/t NaCN -
pH 10.0
212 2.45 92.0% 97.1% 98.8% 0.92 0.32
CT1815
40% Solids -
0.75kg/t NaCN
- pH 10.0
150 2.28 96.8% 98.1% 98.7% 0.87 0.29
CT1816
40% Solids -
0.5kg/t NaCN -
pH 10.0
150 3.20 94.4% 98.3% 98.8% 1.04 0.15

65 km
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

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

FOR MORE INFORMATION CONTACT:
Telephone: 1-(416)-543-3120
E-mail: leo@novoresources.com
www.novoresources.com

Novo Resources Corp. Investor Presentation

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