Filing of Leven Star Reef Technical Report

Rhea-AI Summary

Novo Resources (OTCQB: NSRPF) has filed the NI 43-101 compliant technical report for the Leven Star Reef Mineral Resource at its 100%-owned Belltopper Gold Project in Victoria on SEDAR+. The report, titled “Mineral Resource Estimate: Leven Star Reef, Belltopper Gold Project, Malmsbury, Victoria, Australia,” has an effective date of June 9, 2026 and an issue date of July 22, 2026.

The independent report was prepared by qualified persons Ms. Janice Graham of Snowden Optiro and Dr. Simon Dominy. According to Novo Resources, there are no material differences between the Mineral Resource in this report and the Mineral Resource announced on June 8/9, 2026, and the filing satisfies NI 43-101 and Canadian legal requirements, including simultaneous release on the ASX and TSX.

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PERTH, Australia, July 22, 2026 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (ASX: NVO) (TSX: NVO) (OTCQB: NSRPF) reports that it has filed a technical report on the Company’s profile on the System for Electronic Data Analysis and Retrieval+ (SEDAR+) prepared pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”), in respect of the Mineral Resource Estimate for the Leven Star Reef at its 100% owned Belltopper Gold Project in Victoria. The Belltopper Mineral Resource was announced in the Company’s June 8, 2026 TSX, (ASX: June 9, 2026) news release entitled Belltopper Gold Project Mineral Resource (the “Mineral Resource News Release”).

The independent technical report, entitled Mineral Resource Estimate: Leven Star Reef, Belltopper Gold Project, Malmsbury, Victoria, Australia (the “Leven Star Technical Report”), with an effective date of June 9, 2026 and an issue date of July 22, 2026, was prepared for Novo by Ms. Janice Graham (MAusIMM(CPGeo) MAIG), Principal Consultant and full-time employee of Snowden Optiro, and Dr. Simon Dominy (FAusIMM(CPGeo) FAIG(RPGeo) FGS(CGeol)), an independent technical advisor to Novo (collectively, the “Authors”). Each of the Authors is a “qualified person” as defined under NI 43-101.

The Company is required to file and release the Leven Star Technical Report to discharge requirements of NI 43-101 and Canadian law. Accordingly, while there are no material differences between the Mineral Resource stated in the Leven Star Technical Report and the Mineral Resource reported in the Mineral Resource News Release, the Company’s waiver of ASX Listing Rule 15.7 requires it to release the Leven Star Technical Report to both the ASX and the TSX simultaneously.

The Leven Star Technical Report is available under the Company’s profile on the SEDAR+ website at www.sedarplus.ca and on the Company’s website at https://novoresources.com/investors/announcements/.

Authorised for release by the Board of Directors.

CONTACT

Investors: Mike Spreadborough +61 8 6400 6100 info@novoresources.com

North American Queries: Leo Karabelas +1 416 543 3120 leo@novoresources.com

Media: Peter Taylor +61 412 036 231 peter@nwrcommunication.com.au

JORC COMPLIANCE STATEMENT

The information in the Leven Star Technical Report that relates to Mineral Resources at Belltopper is extracted from Novo’s ASX announcement entitled “Belltopper Gold Project Mineral Resource” released to ASX on 9 June 2026 which is available to view at www.asx.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the competent person’s findings are presented has not been materially modified from the original market announcement.

ABOUT NOVO

Novo is an Australian based gold explorer listed on the ASX and the TSX focussed on discovering standalone gold and copper projects with > 1 Moz development potential. Novo is an innovative explorer with a significant land package covering approximately 5,608 square kilometres in the Pilbara region of Western Australia, which includes the Toolunga Project in the Onslow District, along with the 22 square kilometre Belltopper project in the Bendigo Tectonic Zone of Victoria. In addition to the above, Novo is part of a prospective farm in agreement in New South Wales.

Novo has a significant investment portfolio and a disciplined program in place to identify value accretive opportunities that will build further value for shareholders.

Please refer to Novo’s website for further information, including the latest corporate presentation.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4d0ec8d8-462a-407f-a732-635643f4932e

FAQ

What did Novo Resources (OTCQB: NSRPF) announce on July 22, 2026 about the Leven Star Reef technical report?

Novo Resources announced it filed the NI 43-101 Leven Star Reef technical report for the Belltopper Gold Project. According to Novo Resources, the report supports the previously disclosed Mineral Resource Estimate and fulfills Canadian regulatory requirements for NI 43-101 compliant disclosure on SEDAR+ and stock exchanges.

Are there any material differences between the Leven Star Reef technical report and Novo Resources’ June 2026 Belltopper Mineral Resource announcement (NSRPF)?

Novo Resources states there are no material differences between the Mineral Resource in the Leven Star Reef technical report and the June 2026 Belltopper Mineral Resource announcement. According to Novo Resources, all material assumptions and technical parameters underpinning the original estimates continue to apply and have not materially changed.

Where can NSRPF investors access Novo Resources’ Leven Star Reef technical report for the Belltopper Gold Project?

Investors can access the Leven Star Reef technical report on the SEDAR+ website under Novo Resources’ profile and on the company’s website. According to Novo Resources, the report is also released simultaneously to the ASX and TSX to meet listing and regulatory obligations.

Who prepared Novo Resources’ Leven Star Reef NI 43-101 technical report for Belltopper (NSRPF)?

The Leven Star Reef technical report was prepared by Ms. Janice Graham of Snowden Optiro and Dr. Simon Dominy. According to Novo Resources, both Authors are “qualified persons” under NI 43-101 and responsible for the independent Mineral Resource Estimate at Belltopper.

Why did Novo Resources (NSRPF) file the Leven Star Reef technical report on SEDAR+ and release it to ASX and TSX simultaneously?

Novo Resources filed the Leven Star technical report to satisfy NI 43-101 and Canadian legal disclosure requirements. According to Novo Resources, an ASX Listing Rule 15.7 waiver requires simultaneous release of the report to both the ASX and TSX alongside the SEDAR+ filing.

Does the Leven Star Reef NI 43-101 technical report change the Belltopper Mineral Resource for Novo Resources (NSRPF) shareholders?

Novo Resources indicates the Leven Star technical report does not materially change the previously announced Belltopper Mineral Resource. According to Novo Resources, there is no new information or data that materially affects the original estimates, assumptions, or competent person findings disclosed in June 2026.