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NOVAGOLD Announces Election of Directors and Voting Results from 2024 Virtual Annual General Meeting of Shareholders

VANCOUVER, British Columbia, May 21, 2024 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (“NOVAGOLD” or the “Company”) (NYSE American, TSX: 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 16, 2024 (the “Meeting”). All proposals were approved and all ten director nominees were elected. A total of 270,432,207or 80.87% of the Company’s issued and outstanding shares were represented at the Meeting.

Shareholder Engagement

During this year’s proxy outreach, NOVAGOLD placed calls to shareholders owning 50,000-plus shares who collectively hold approximately 84.28% of the Company’s issued and outstanding common shares entitled to vote at the Meeting. Year-over-year the input received from shareholders has helped shape and improve the Company’s governance practices.

Shareholder Voting Results

The shareholders voted on the following matters at this year’s Meeting:

Proposal 1 – Setting the Number of Directors

The vote was carried to set the number of Directors at ten. The votes received by ballot were as follows:

Votes For 268,087,918 99.13 %
Votes Against 2,039,712 0.75 %
Abstentions 304,577 0.11 %

Proposal 2 – Election of Directors

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 2 Outcome of the
Votes by Ballot
Election of Directors Vote Votes For Votes Withheld
Dr. Elaine Dorward-King Carried 241,696,758


Dr. Diane Garrett Carried 249,250,261


Dr. Thomas Kaplan Carried 247,649,242


Hume Kyle Carried 248,974,183


Gregory Lang Carried 247,987,716


Kalidas Madhavpeddi Carried 243,708,368


Kevin McArthur Carried 246,924,498


Daniel Muñiz Quintanilla Carried 240,103,927


Ethan Schutt Carried 248,463,674


Dawn Whitaker Carried 248,687,828



Proposal 3 – Appointment of Auditors

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

Votes For 266,107,741 98.40 %
Votes Withheld 4,324,466 1.59 %

Proposal 4 – Advisory Approval of Executive Compensation (“Say-on-Pay”)

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

Votes For 209,392,810 83.72 %
Votes Against 39,591,494 15.82 %
Abstentions 1,124,200 0.44 %

Full details of all proposals are fully described in the Company’s Management Information Circular dated March 22, 2024 available on the Company’s website at , on SEDAR+ at , and on EDGAR at , and the detailed results of voting on each proposal are included in the Report of Voting Results filed on SEDAR+ and in the 8-K filed on EDGAR.

The Annual General Meeting of Shareholders’ webcast and corporate presentation are available on NOVAGOLD’s website under Presentations .

NOVAGOLD Contacts:

Mélanie Hennessey
Vice President, Corporate Communications

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

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