NOVAGOLD RESOURCES INC.

NovaGold Resources Inc. (AMEX, TSX: NG) is a growth company focused on gold exploration, development and mining. NovaGold owns 50% of the Donlin Creek gold project in Alaska, one of the world's largest gold deposits, in an agreement with Barrick Gold (50%). NovaGold and Teck Cominco have created a 50/50 partnership at the Galore Creek copper-gold-silver project in northwestern British Columbia. And NovaGold also owns 100% of Nome Operations, a fully constructed gold mine in Alaska expected to produce 100,000 ounces of gold annually when production can commence.

NovaGold's Donlin Creek property is advancing through permitting toward a construction decision. When built, the mine is expected to produce nearly 1.5 million ounces of gold annually for the first 12 years of a 20+ year mine life, at cash costs in the lower half of the industry.

The Company’s net resource inventory is 15.2 million ounces of Proven & Probable gold reserves, with a Measured and Indicated resource base of 8.8 million ounces of gold, 78.0 million ounces of silver and 5.2 billion pounds of copper and additional Inferred Resources of 5.2 million ounces of gold, 53.5 million ounces of silver and 2.6 billion pounds of copper. This reserve/resource base is comparable to many of the world's most prominent producers.

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