TSX-V: NVO / OTCQX: NSRPF Conglomerate Gold in the Pilbara – A World Class Discovery This document is for information purposes only and is not an offer to sell, nor a solicitation of an offer July 3, 2020 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.
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 exploration 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 Chairman, 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
Shares Outstanding Ownership • 188.4M (Basic) • ~C$691M (based on July 2, 2020 closing Market Cap (Basic) New Found Gold Artemis, 1.06% price of C$3.67) Corp., 3.69% GBM Resources, 0.11% • Options Outstanding 15.2M (avg. exercise price of C$3.31) GDXJ, 3.63% Warrants • 14M (exercise price of C$6.00) Outstanding Shares Outstanding • 217.6M (Fully Diluted) Kirkland Lake Gold, 15.83% • Cash Balance ~C$28.1M, no debt Free Float, 52.54% Eric Sprott, 12.20% Warrants Exercise Price $6.00, Expiry Sep 6, 2020 14,000,000 TOTAL 14,000,000 Creasy Group, Stock Options 5.93% Exercise Price $0.94, Expiry August 15, 2021 1,600,000 Dilutive Securities Exercise Price $0.95, Expiry June 5, 2022 1,750,000 Newmont Exercise price $1.57, expiry July 18, 2022 2,125,000 Goldcorp, 3.15% Exercise price $7.70, expiry Oct 20, 2022 2,125,000 Exercise price $3.47, expiry Jan 30, 2023 950,000 Management & Exercise price $4.60, expiry Jun 5, 2023 410,000 Directors, 1.87% Exercise price $3.57, expiry Jan 26, 2025 6,165,000 TOTAL 15,125,000 3
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Pilbara Conglomerates These are sedimentary gold deposits laid down along ancient shorelines and rivers. They occur as layers that can be expansive. Gold grains are trapped in the matrix between cobbles and boulders. Beaton’s Creek Comet Well – Purdy’s Reward Egina 6 TSX-V : NVO|OTCQX: NSRPF
Pilbara Gold Conglomerate gold is coarse, sometimes very coarse, making assessment of grade challenging. Novo is the only gold company that has developed systematics to tackle such nuggety mineralization. 7 TSX-V : NVO|OTCQX: NSRPF
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Reference should be made to the Company’s news releases dated April 1, 2019, as well as the technical report entitled “NI 43 -101 Technical Report, Mineral Resource Update, Beatons Creek Conglomerate Gold Project, Western Australia” issued on May 13, 2019, which was prepared for Novo by Dr. Simon C. Dominy (FAusIMM (CPGeo)) of Surrey, UK and Dr. Quinton T. Hennigh (P. Geo.) of Longmont, USA. This technical report is available under the Company’s p rofile on the SEDAR website at www.sedar.com (filing date: May 13, 2019) and on the Company’s website at www.novoresources.com. 11 TSX-V : NVO|OTCQX: NSRPF
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Egina Geologic Model 17 TSX-V : NVO|OTCQX: NSRPF
An analogue Namibia Skeleton Coast Orange River ~200 km Atlantic Ocean 18 TSX-V : NVO|OTCQX: NSRPF
Egina Terrace Womerina 23 km Egina Mining Lease 19 TSX-V : NVO|OTCQX: NSRPF
Ground Penetrating Radar 20 TSX-V : NVO|OTCQX: NSRPF
Trenching/Bulk Sampling 21 TSX-V : NVO|OTCQX: NSRPF
Processing 22 TSX-V : NVO|OTCQX: NSRPF
Coarse Gold Recovery 23 TSX-V : NVO|OTCQX: NSRPF
Bulk Sampling Results NE Egina mining lease: Cubic meters Au recovered Raw grade Wt % of Location gravel (g) (g Au/cubic m) Au -1 mm Swale 390.2 664.42 1.70 7.5% Swale margin 412.6 248.25 0.60 30.7% Periphery 827.1 249.72 0.30 50.5% 24 TSX-V : NVO|OTCQX: NSRPF
Exploration Paradise Road to Paradise Womerina Egina ML NE Egina NW Egina South Egina Station Peak 25 TSX-V : NVO|OTCQX: NSRPF
Exploration 26 TSX-V : NVO|OTCQX: NSRPF
Exploration 27 TSX-V : NVO|OTCQX: NSRPF
Exploration 17 km 10 km 28 TSX-V : NVO|OTCQX: NSRPF
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Mechanical Rock Sorting 2018 – Comet Well testing 30 TSX-V : NVO|OTCQX: NSRPF
Mechanical Rock Sorting 2019/2020 – Egina and Beatons Creek testing 31 TSX-V : NVO|OTCQX: NSRPF
Mechanical Rock Sorting 2019/2020 – Over 99% gold recovery by weight from Egina material 32 TSX-V : NVO|OTCQX: NSRPF
Mechanical Rock Sorting 2019/2020 – Beatons Creek testing TOMRA testing, Sydney NSW Steinert testing, Perth WA Accepts Rejects TOMRA testing, Wedel Germany Awaiting assay results 33 TSX-V : NVO|OTCQX: NSRPF
Contact Information FOR MORE INFORMATION CONTACT: Telephone: 1-(416)-543-3120 E-mail: leo@novoresources.com www.novoresources.com 34 TSX-V : NVO|OTCQX: NSRPF
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