NEW YORK, Dec. 2 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) today listed the common stock of NovaGold Resources Inc. .

NovaGold is a company focused on exploration and development of high quality gold properties in North America. NovaGold is advancing four separate gold deposits in Alaska and Western Canada toward production, including two of the largest undeveloped gold deposits in North America. NovaGold has 53 million common shares outstanding, is well financed with no long-term debt and has not engaged in any gold hedging transactions. Additional information about NovaGold is available online at: http://www.novagold.com/.

"NovaGold Resources is a welcome addition to the increasing number of gold and mining companies listed on the American Stock Exchange," said John McGonegal, vice president of the Amex Equities Group. "We look forward to working closely with NovaGold on building additional shareholder value as well as increased investor attention."

Rick Van Nieuwenhuyse, president and chief executive officer of NovaGold, stated: "NovaGold is pleased to complete its listing on the American Stock Exchange. We believe this is an important milestone for NovaGold as we seek to make the transition from a successful exploration company to an exploration focused North American gold producer. We believe that our listing on Amex will provide the Company with an increased presence in the U.S. market by making our common stock more accessible to U.S. investors."

The specialist in NovaGold Resources Inc. will be Brendan E. Cryan & Co. For further information on NG and other Amex-listed companies, please visit http://www.amex.com/.

The American Stock Exchange(R) (Amex(R)) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRSsm. In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 126 ETFs. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit http://www.amex.com/.

American Stock Exchange

CONTACT: Media, Lynn Teresky of American Stock Exchange,
+1-212-306-1654, lynn.teresky@amex.com

Web site: http://www.amex.com/
http://www.novagold.com/