MOY 0.00% 5.1¢ millennium minerals limited

novo resources to focus on western australia p

  1. 54 Posts.
    Suite 1980 ?V 1075 West Georgia Street
    Vancouver, BC V6E 3C9
    Novo Resources To Focus on Western Australia Projects
    VANCOUVER, July 19, 2011 - Novo Resources Corp. (the ??Company?? or ??Novo??) (CNSX:
    NVO) reports that it has terminated the agreement under which it held an option to acquire the
    Enterprise Property located in British Colombia in order to focus on projects in Western
    Australia. As reported in the Company??s news release of April 6, 2011, it has entered into a
    binding letter agreement with Millennium Minerals Ltd. (ASX: MOY) that provides the
    Company with the exclusive right to earn a 70% interest (as to gold and minerals associated with
    and normally mined with gold) in the tenements comprising certain mining leases covering the
    Beatons Creek conglomerates located in Western Australia. The Company is in the final stages
    of completing the farm-in agreement which will replace the binding letter agreement with
    Millennium Minerals Ltd.
    About Novo Resources Corp.
    Novo??s focus is to evaluate, acquire and explore natural resource properties. For more
    information, please contact Leo Karabelas at (416) 543-3120 or e-mail [email protected]
    On Behalf of the Board of Directors,
    Novo Resources Corp.
    ??Quinton Hennigh??
    Quinton Hennigh
    CEO, President and Director
    The Canadian National Stock Exchange has not reviewed and does not accept responsibility for
    the adequacy or accuracy of the content of this news release.
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