Novo Resources Corp. provided an update on current exploration programs and proposed 2024 drilling programs across its Western Australian and Victorian gold portfolio. In Fourth Quarter 2023, successful exploration work continued at the Egina Gold Camp in the Pilbara, Western Australia, with aircore (AC) and reverse circulation (RC) drilling programs completed at the Becher project and significant results received from shallow RC drilling in the maiden drill program at Nunyerry North.

At the Belltopper Gold Project in Victoria (Belltopper), diamond drilling continues on the planned six-hole program. These prospects form part of Novo's regional reconnaissance program in 2024. De Grey commenced AC drilling at Becher in October 2023 as part of their planned 39,000 m program of AC, RC and diamond drilling.

A total of 271 infill AC holes were drilled for 7,536 m in Fourth Quarter 2023, targeting the Heckmair/Irvine and Bonatti prospects. Final assays are anticipated in First Quarter 2024. De Grey has completed drilling for the year and will resume drilling in the New Year.

Egina Gold Camp prospectivity highlighting the earn-in/Egina JV with De Grey and the Nunyerry North target, in addition to newly delineated structural targets for further exploration.unyerry North is a high priority exploration target with significant prospectivity, located in the southern part of the Egina Gold Camp. The vein arrays trend between two north dipping shear zones and are hosted in a 60 m wide zone of mafic to high-MgO basalt within an ultramafic dominant package. The maiden drill program only tested a small area of the overall Nunyerry North project area.

Results from the RC program were highly encouraging and warrant further follow-up work. The prospective stratigraphy continues along strike towards the east and repeats west of the Aurora Fault. The plunge of mineralisation in the strike extent tested to date is well understood, and a deep diamond drilling program is also being proposed to test for additional repeats of mineralisation at depth, as well as down plunge continuations.

Nunyerry North is a high Priority exploration target with significant prospectivity. The vein arrays trend between 2 north dipping shear zones and is hosted in a 60 m wide zones of mafic to high -MgO basalt within a ultramafic dominant package". The maiden drill program only tested an small area of the overall NunYerry North project area.

Results of the RC program were highly encouraging, and a deep diamond drilling programs is also being proposed to test to test for additional repeats of Mineralisation at depth, as well As down plunge continuations. The broader Nunyerry project area with interpreted geology, highlighting strike extent of favourable stratigraphy and additional structural targets for further drill testing. Balla Balla is an emerging exploration project covering an area over 1,200 sq km, located in the northwestern Pilbara.

The project has been focused on the Sholl Shear corridor and associated potentially fertile structural corridors under cover. BLLTOPPER GOLD PROJECT (NOVO 100%) Diamond drilling of multiple high-grade targets at the Belltopper Gold Project In Victoria continues, with first two deep diamond holes completed. To date 917.7 m of a planned 6-hole, approx.

2,300 m of drilling is complete, testing structural and intrusion hosted/related gold targets, including high tenor induced polarization geophysical anomalies. Diamond drilling will recommence in early January 2024, completing the remaining four planned planned 2024 drilling programs in the second quarter of 2023.