Ann: Initial Trial Pit Metallurgical Test Results Purdy's Reward, page-2

Encouraging metallurgical test results from a bulk sample of gold mineralised conglomerates, collected by Novo Resources Corp (“Novo”), at Purdy’s Reward Gold Project located south of Karratha in Western Australia. • Given the extremely coarse nature of gold found in conglomerates at the Karratha gold project, Novo collected a trial bulk sample from Purdy’s Reward to help establish sampling and assay protocols. Mineralised conglomerate was collected from a 2 x 2 x 0.5 metre pit. The sample was split into duplicate subsamples and was shipped to Nagrom Metallurgical Laboratory (“Nagrom”) in Perth, WA. • The calculated head grade of subsample #1 was 87.76 grams per tonne Au (Figure 1), and subsample #2 was 46.14 grams per tonne Au.