Novus Gold Corp. is a Canadian-based gold explorer, which has assembled a proven team, with the capabilities to find, finance and develop gold assets which have world class size and grade potential. The Caribbean Platform in the Dominican Republic and the Canadian Shield in Canada are two regions that the company has selected to begin acquisitions and work.

Dominican Republic Gold & Base Metals

La Yagua Property
The La Yagua Property (9,900 hectares) is located 19 km away from and along strike with Globestar's producing Cerro de Maimon mine (6 million tonnes of 2.5% copper, 1.2 g/t gold and 38 g/t silver).

Globestar announces proposed CDN. $1.65 per share cash offer by Perilya - On October 6, 2010 Globestar Mining Corp. entered into a binding agreement with Perilya Ltd., pursuant to which Perilya has agreed, subject to the satisfaction of certain terms and conditions of the letter agreement, to enter into a further definitive support agreement and make an offer to acquire all of the outstanding common shares of Globestar by way of a takeover bid for $1.65 per common share in cash.

La Paciencia Property
The La Paciencia property (8,600 hectares) is underlain by the same geology as the Pueblo Viejo gold deposit (Barrick/Goldcorp ~25 million ounce Au) located 10 kilometres to the east.

For a slideshow on the development of the Barrick/Goldcorp Pueblo-Viejo mine development please visit http://www.barrick.com/Theme/Barrick/files/pueblo-viejo/01.html

Northwest Territory Gold

REN Gold Property
20 claims (REN 1 to 20) aggregating 40,169 acres or 16,260 hectares, 23 kilometres long from north to south and up to 11 kilometres wide located approximately 320 kilometres north of Yellowknife in the Northwest Territories called the REN Property. It is approximately 90 kilometres southwest of the formerly producing Lupin gold mine (4,000,000 oz), owned by China Minmetals (formerly Kinross Gold Corp).

Subjected to drilling and ground geophysics by Texas Gulf and Cominco/Westview in the 1970's and 1980's showing high grade iron hosted gold mineralization similar to Lupin gold mine.

Reinterpretation of historic drilling and geophysics and 2009/2010 surface sampling and drill results outlines a coincident wide zone of
2-3 g/t gold mineralization. A 2010 airborne survey in conjunction with drill and surface sampling results outline five gold mineralized trends ranging from at least three to more than seven kilometres long.