Properties NovaGold has one of the largest reserve/resource bases of any junior or mid-tier gold company. NovaGold's resource base is similar in scale to many of the mid-tier producers but the Company still trades at development-stage levels, offering superior leverage to the gold market and numerous potential revaluation triggers as its projects advance toward production. Comparative Gold Resources in the Americas Source: Metals Economics Groups. See "Cautionary Note Concerning Reserve and Resource Estimates” and "Reserve & Resource Table” with footnotes. Note: Reflects 50% ownership of Donlin Creek, 50% of Galore Creek, 100% of Nome Operations and 100% of Ambler. Measured and Indicated Resources exclusive of Proven and Probable Reserves. Note: All companies have projects in South and/or North America. In addition, all of NovaGold's projects are located within North America, areas with a long history of mining, supportive governments and lower geopolitical risk than many other resource-rich areas. NovaGold continues to believe that advancing its assets toward production will bring the greatest return to NovaGold shareholders. NovaGold's share of production from Donlin Creek alone would make the Company one of the largest mid-cap gold producers. With the diversification of three separate multi-million-ounce projects, NovaGold has one of the strongest production growth profiles in the sector. NovaGold's Donlin Creek and Galore Creek projects are both in the top 3% of global gold deposits in terms of contained metal. On a global basis, 75% of gold deposits are smaller than 1 million ounces, with only 2% containing more than 10 million ounces and only 1% containing more than 20 million ounces.

With superior assets, a strong balance sheet and experienced partners, NovaGold is focused on advancing its world-class projects toward permitting and production.