Novo Resources Corp.

12:30 PM EST - Novo Resources Corp. : Reported that Sumitomo has converted its notional interest in the Company’s Egina project in Western Australia to a 1.36% shareholding pursuant to a farmin and joint venture agreement. A total of 3,382,550 common shares of the Company were issued upon the Conversion, all of which are subject to orderly sale restrictions and a twelve-month contractual hold period expiring on April 21, 2023. The Agreement was completed as a result of the Conversion. Novo Resources Corp. shares T.NVO are trading down $0.03 at $0.92.

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