An Extensive Project Pipeline Just Keeps Getting Better

The global race for gold rages on.

Junior exploration companies are scouring the world over for gold. During the past year, investors have pumped hundreds of millions of dollars of into new gold exploration companies.

They�re leaving no stone unturned. And the market is rewarding them.

But despite the rush to uncover new gold resources, there are still many undervalued exploration firms that are well-financed, that have secured top-notch properties in some of the world�s most prolific gold mining regions, whose early exploration results show exceptional potential, and can be had for pennies on the dollar compared to the "hot" junior gold stocks.

One of the perfect examples is Novus Gold (TSX-V:NOV).

Get A Head Start on Big Gold�s $110 Million Chase

Novus is a diversified junior exploration company with claims to three highly prospective gold properties that any junior gold company would envy having just one of. Two of them are located in the Dominican Republic.

The Dominican Republic is one of the often forgotten superstars of the gold mining industry. It�s extremely mining friendly with a tradition of "hands-off" government involvement. Barrick Gold, Newmont Mining, and Goldcorp have operational mines in the country. And gold has been successfully mined since the 1520s.

Not to worry, after nearly 500 years of successful gold mining still leaves the country with plenty of mineable gold. There�s a lot of gold there and the mining industry knows it. The Department of Mining reports foreign companies will be investing $110 million to build and expand the Dominican�s mining industry.

That�s why Novus, one of the few junior resource exploration firms in the Dominican Republic, have a tremendous advantage. All you have to do is look at the company�s two properties, La Pacienca and La Yagua, to see why.

La Yagua

The La Yagua project is located on the same geologic trend as the GlobeStar Mining�s (TSX:GMI - $105 million market value) Cerro de Maimon mine.

The Cerro de Maimon mine is expected to produce 24 million pounds of copper, 15,000 ounces of gold and 480,000 ounces of silver ($110 market value per year) from a mineral deposit of six million tonnes grading 2.5% copper, 1.2 g/t gold, 38 g/t silver and 1.5% zinc.

Early exploration results show La Yagua has "Cerra de Maimon" potential for two reasons.

First, it�s big. The recently completed exploration program discovered a one kilometer long, gold and copper mineralized structure. In addition to that, Novus� property has an additional 13 kilometers (for a total of 14) of this favorable interface. .

Second, it�s high grade. Grab samples of oxidized material grade up to 13 g/t gold, 41 g/t silver, and more than half of the samples graded more than 1% copper.

Not bad at all. But it is possible that Novus could have something even bigger in its La Pacienca property.

La Pacienca

Novus� La Pacienca property consists of 8,600 hectares (21,250 acres) located in the heart of the Dominican Republic�s historic mining district.

For example, just 10 km away from La Pacienca you�ll find the absolutely massive Pueblo Viejo Mine. This multi-billion dollar mine contains a deposit of 24 million ounces of gold, 2.7 billion pounds of zinc, and 358 million pounds of copper. On top of that, you�ll also find the Falcondo Mine which is tapping into a deposit containing 54 million tonnes of 1.2% nickel.

Clearly, Novus has created some serious opportunity by landing choice properties in the Dominican Republic.

The company, however, doesn�t have all its eggs in one basket.

Going for the Big Gold in Elephant Country

Novus also holds a 100% stake in the REN property located in Canada�s Northwest Territories about 90 kilometers from Kinross Gold�s Lupin Mine.

The REN property consists of 14 mineral exploration claims comprising 24,674 acres and early exploration results are very promising. This property was 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 the Lupin mine. Reinterpretation of previous work and 2009 surface sampling and drill results outline a coincident wide zone of low grade gold mineralisation. A recent nine hole drill program was completed with gold assay values ranging between 2 to 3 g/t in intersections ranging from 10.61 to 32.76 metres wide. High-grade gold up to 22.40 g/t was also encountered. A concurrent surface sampling program traced the iron formation and gold mineralization for over 7 kilometres. Gold values up to 205.00 g/t were detected. Novus is currently re-sampling historic drill core for up to 60 immediate drill assays at a significant saving. Three of these assays produced gold mineralization 2.5 kilometres from the main zone of drilling.

Of course, great results and high potential don�t always make a great opportunity�

The Difference Between Good and Great

The real difference between a "good" and "great" opportunity is the price.

When it comes to Novus shares, that�s what pushes Novus into the "great" category.

Novus currently has 41.1 million shares outstanding (52.8 million fully-diluted). Novus� sister company Terra Ventures TSX-V:TAS owns 7.5 million of these by way of a work program option agreement in late 2009. At the recent price of 32 cents per share, that gives Novus a market value of a mere $13 million ($17 million fully-diluted).

That�s exceptionally cheap for a company like Novus which has the high potential properties in the Dominican Republic and Northwest Territories. It�s even cheaper when you consider that Terra Ventures owns 18.5% of all outstanding Novus shares.

But here�s the thing, Novus may not stay that cheap for long. Throughout the rest of 2010 Novus will continue drilling away on the REN property, has more drilling planned for La Yagua, and early surface exploration work and potential drilling on La Pacienca.

One Company, 107 Years of Experience

Right now, Novus has a lot going on to develop shareholder value. In order to do that, the company has formed a team of some of the most respected mining professionals. From founding members of $1 billion+ gold companies to million ounce+ gold mines, they�ve done it all.

See for yourself:

Mike Magrum - President and CEO - is instrumental (as a qualified person under National Instrument 43-101) in the technical management of all of Novus� current Gold properties. He is also responsible for the project generation and acquisition of key Gold properties across North America.

Mr. Magrum is a geological engineer who has been working in gold exploration since 1974. He is a graduate of the Haileybury School of Mines and the University of Alaska. His worldwide experience covers most of the gold mining camps in North America plus extensive work in Nicaragua, the Dominican Republic, Argentina and Indonesia.

He was a founding director of Seabridge Gold, which acquired a major gold property portfolio containing multi-million-ounce gold resources and currently has a market capitalization of approximately $1 billion.

Robert McMorran - Director - currently the president of Malaspina Consultants Inc., an accounting and administrative management services business serving junior public companies since 1997.

Mr. McMorran obtained his Chartered Accountant (CA) designation in 1981 while articling with Coopers & Lybrands Vancouver office. In 1982 he left C&L and joined Denison Mines Limiteds Coal Division where he spent five years primarily working on the Quintette Coal Project located in northeast B.C. In 1987 Mr. McMorran joined Cheni Gold Mines Inc., a TSE listed junior precious metal company as the corporate controller, where he spent 10 years, eventually being promoted to President/CEO.

He has held numerous board positions and senior officer appointments since starting Malaspina, including his tenure as the Chief Financial Officer of the highly successful Canada Dominion Resources Group of flow-through limited partnerships.

Jim Walchuck (BSc., PEng) - Director - is a mining professional with more than 28 years of national and international experience in the minerals industry, including work in North America, Slovakia, the U.K., Ghana, and Tanzania.

As the president and CEO of Tournigan Gold Corp, Walchuck raised $45,000,000 in 2006 for the purpose of developing Tournigan�s two key assets and helped increase Tournigan�s market cap from $20M to approximately $200M over a one year period.

Mr. Walchuck was the Manager Mining for Barrick at the Bulyanhulu Gold Mine in Tanzania from 1999 to 2002. There he oversaw the building of a multi-million-ounce, high-grade underground mine in 24 months and achieved over 2 million man-hours without a lost-time accident. Prior to his 6-year involvement with Bulyanhulu (first as Sr. Project Manager with Sutton Resources then as Manager Mining for Barrick), Mr. Walchuck was Manager of Mining and then Manager - Corporate Operations for Royal Oak Mines.

This was preceded by a 5-year term as Chief Mining Engineer for Tarkwa Goldfields in Ghana. A member of the Professional Engineers of Ontario for 28 years, Mr. Walchuck holds Bachelor Degrees in both Science and Engineering.

Gunther Roehlig - Director - is also the President and CEO of Terra Ventures, a junior uranium mining and exploration company. In his role as President and CEO of Terra, Mr. Roehlig plays a pivotal role in all of the companys business development and corporate financings.

He has more than 15 years of experience in the financial & investment industry, with a successful track record in restructuring, managing and financing junior public companies. Fluent in English and German, Mr. Roehlig also has experience in European business and financial markets. He currently serves on the board of directors for a number of public junior resource companies.

That�s quite a team. They�ve opened up large operational mines, explored the world for gold, and now they�ve all chosen to oversee Novus. Given Novus� assets and potential, it�s not hard to see why.

The Bottom Line

In the end, the Novus value proposition is an intriguing one.

The company has the asset size, high grades, experienced team and potential that should get the market excited as more and more results come out. It�s a win/win/win/win.

Perhaps more importantly though, Novus offers exceptional value. With a market cap of a mere $13 million, it trades for a mere fraction of its peers that don�t even have the same-sized assets in the prime locations or have as strong as early results.

As the gold boom continues and more and more companies turn over every rock around the world, they�ll see the value in what has already been discovered. At that time, it will be companies like Novus� time to shine.

Follow Novus Gold�s rapid progress at

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