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NOVAGOLD Announces Election of Directors and Voting Results from 2017 Annual Shareholder Meeting

VANCOUVER, British Columbia, May 08, 2017 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (TSX:NG) (NYSE MKT:NG) is pleased to announce the detailed voting results on the items of business considered at its Annual General Meeting of Shareholders held on May 5, 2017 (the “Meeting”). A total of 260,710,238 or 81.05% of the Company’s issued and outstanding shares were represented at the Meeting. The nominees listed in NOVAGOLD’s Management Information Circular were elected as directors of the Company. Detailed results of the votes are set out below:

Proposal 1 Outcome of the
Vote
Votes by Ballot
Election of Directors Votes For Votes Withheld
Sharon Dowdall Carried 205,246,215
(99.61%)
807,569
(0.39%)
Dr. Marc Faber Carried 205,245,961
(99.61%)
807,824
(0.39%)
Dr. Thomas Kaplan Carried 205,191,258
(99.58%)
862,527
(0.42%)
Gregory Lang Carried 205,398,998
(99.68%)
654,786
(0.32%)
Gillyeard Leathley Carried 205,278,306
(99.62%)
775,479
(0.38%)
Igor Levental Carried 204,521,052
(99.26%)
1,532,732
(0.74%)
Kalidas Madhavpeddi Carried 205,199,575
(99.59%)
854,209
(0.41%)
Gerald McConnell Carried 191,331,615
(92.86%)
14,722,170
(7.14%)
Clynton Nauman Carried 205,319,846
(99.64%)
733,939
(0.36%)
Rick Van Nieuwenhuyse Carried 161,384,452
(78.32%)
44,668,973
(21.68%)
Anthony Walsh Carried 205,292,012
(99.63%)
761,772
(0.37%)

Proposal 2 - Appointment of Auditors

The vote was carried for the Appointment of the Auditors, PricewaterhouseCoopers LLP. The votes were as follows:

Votes For 259,544,971 99.56%
Votes Withheld 1,151,967 0.44%

Proposal 3 - Say-On-Pay Advisory Vote

The vote was carried on the Say-On-Pay Advisory Vote. The votes were as follows:

Votes For 153,210,502  74.36%
Votes Against 51,918,544 25.20%
Votes Withheld 911,438  0.44%

Proposal 4 - Approval of Unallocated Entitlements under the Stock Award Plan

The vote was carried on the approval of all the unallocated entitlements under the Company’s Stock Award Plan. The votes were as follows:

Votes For 192,464,448 93.41%
Votes Against 12,282,335 5.96%
Votes Withheld 1,293,700 0.63%

Proposal 5 - Approval of Unallocated Entitlements under the Performance Share Unit Plan

The vote was carried on the approval of all the unallocated entitlements under the Company’s Performance Share Unit Plan. The votes were as follows:

Votes For  200,760,355 97.44%
Votes Against  3,992,255 1.94% 
Votes Withheld 1,287,874 0.63%

Proposal 6 - Approval of Unallocated Entitlements under the Deferred Share Unit Plan

The vote was carried on the approval of all the unallocated entitlements under the Company’s Deferred Share Unit Plan. The votes were as follows:

Votes For  201,666,080 97.88%
Votes Against  3,061,147  1.49%
Votes Withheld 1,313,257 0.64%

Full details of all proposals are fully described in the Company’s Management Information Circular available on the Company’s website at www.novagold.com, on SEDAR at www.sedar.com, and on EDGAR at www.sec.gov and the detailed results of voting on each proposal are included in the Report of Voting Results filed on SEDAR and on EDGAR.

NOVAGOLD Contact:

Mélanie Hennessey
Vice President, Corporate Communicaitons

Erin O'Toole
Senior Stakeholder Relations Specialist

604-669-6227 or 1-866-669-6227

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