Novo Resources Corp. announced the discovery of a new outcropping gold-bearing conglomerate horizon (reef) in an area approximately 700 meters west of the NI 43-101 compliant resource (421 Koz Au; 8.9 Mtonnes at 1.47 gpt Au). Surface grab samples taken during a recent reconnaissance mapping and sampling program range from 0.06-17.86 gpt Au.

The reef varies from 1-2 meters thick and appears to be quite shallow, less than 20 meters deep, over an area roughly one kilometer across. It is approximately 150 meters up-section from known gold- bearing reefs at Grant's Hill. More sampling and mapping will be undertaken to adequately assess its true extent.