Novo Completes Malmsbury Option Exercise with GBM Resources Limited Novo Resources Corp. is pleased to advise that it has completed its option exercise to earn a 50% interest in the Malmsbury gold project held by ASX-listed GBM Resources Limited following the satisfaction of all conditions precedent, including receipt of Australian Foreign Investment Review Board approval . Novo has issued 1,575,387 common shares to GBM as consideration for the exercise of the option. The Option … Novo Resources Corp. (“ Novo ” or the “ Company ”) (TSX: NVO & NVO.WT; OTCQX: NSRPF) is pleased to advise that it has completed its option exercise to earn a 50% interest in the Malmsbury gold project (the “ Malmsbury Project ”) held by ASX-listed GBM Resources Limited (ASX: GBZ) (“ GBM ”) following the satisfaction of all conditions precedent, including receipt of Australian Foreign Investment Review Board approval (refer to the Company’s news releases dated March 30, 2020 September 24, 2020 and January 15, 2021 for further details).