Significant Canadian Focused Gold and Critical Mineral Potentialin Ontario (Abitibi) and Kivalliq, Nunavut Greenstone Belts


“His tragic loss is a crushing blow, no longer only for his friends and family however a limiteless array of colleagues throughout the North American gold mining trade — and certainly the trade itself. His breadth of data and colossal body of reference, the deep nicely of recognize, affection, and loyalty that he each loved and shared, and an abiding pastime for his craft rendered him some of the closing of a undeniable breed of mining mavens.

In fact, Igor — or Misha, my very own normal time period of love for him — was once so a lot more than that. In an international that continuously turns out plagued via “Lifestyles diminishers”, Igor was once the antidote. Actually, he embodied what the artwork historian Bernard Berenson would seek advice from as a “Lifestyles enhancer”. A person of such a lot of portions and they all fascinating, Igor was once superb corporate, at all times a laugh, curious, and vividly appreciating existence — his in addition to yours.

His generosity of spirit was once mythical, and profound was once the contribution he made to our lives. To us all, he was once a sensible confidant, an vigorous chief, a affected person mentor, a faithful collaborator, and a teammate of the absolute best integrity. Igor was once a core member of our circle of relatives. He’s going to be neglected as dearly as he was once beloved and beloved us all.

Each unmarried day, he stood within the entrance line of our band of brothers and sisters. I invoke the NOVAGOLD adventure as a result of our collective pleasure on this tale has been so significant to me individually, in addition to to him, an unsung hero of a mission that we so love.”

From all people at NOVAGOLD, we wish to thank the overdue Mr. Levental for his worthwhile contributions right through his tenure. Our private condolences to his circle of relatives, spouse Jessica Levental, sons Casey, Misha and his spouse Evan, and Igor’s father Mr. Genady Levental.

About NOVAGOLD

NOVAGOLD is a well-financed treasured metals corporate centered at the building of its 50 percent-owned Donlin Gold mission in Alaska, probably the most most secure mining jurisdictions on the earth. With roughly 39 million oz. of gold within the Measured and Indicated Mineral Useful resource classes, inclusive of Confirmed and Possible Mineral Reserves (541 million tonnes at a mean grade of roughly 2.24 grams in line with tonne within the Measured and Indicated Useful resource classes on a 100% foundation), 1 Donlin Gold is looked to be probably the most biggest, highest-grade, and maximum potential identified open-pit gold deposits on the earth.

In keeping with the 2021 Technical File and the S-Okay 1300 File, as soon as in manufacturing, Donlin Gold is anticipated to supply a mean of a couple of million oz. in line with 12 months over a 27-year mine existence on a 100% foundation. The Donlin Gold mission has really extensive exploration possible past the designed footprint which recently covers 3 kilometers of an roughly eight-kilometer-long gold-bearing pattern. Present actions at Donlin Gold are desirous about State allowing, optimization paintings, neighborhood outreach, and staff building in preparation for the eventual building and operation of this mission. With a robust steadiness sheet, NOVAGOLD is well-positioned to fund its percentage of allowing and optimization development efforts on the Donlin Gold mission.

NOVAGOLD Contacts:

Mélanie Hennessey
Vice President, Company Communications

Allison Pettit
Supervisor, Communications

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

Cautionary Observe Referring to Ahead-Taking a look Statements

This media unlock contains sure “forward-looking knowledge” and “forward-looking statements” (jointly “forward-looking statements”) throughout the which means of acceptable securities law, together with the US Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements are continuously, however no longer at all times, recognized via phrases akin to “expects”, “anticipates”, “believes”, “intends”, “estimates”, “possible”, “imaginable”, and identical expressions, or statements that occasions, prerequisites, or effects “will”, “might”, “may”, “would” or “must” happen or be accomplished. Ahead-looking statements are essentially in response to a number of critiques, estimates and assumptions that control of NOVAGOLD regarded as suitable and cheap as of the date such statements are made, are topic to identified and unknown dangers, uncertainties, assumptions, and different components that can motive the real effects, process, efficiency, or achievements to be materially other from the ones expressed or implied via such forward-looking statements. All statements, as opposed to statements of ancient reality, incorporated herein are forward-looking statements. Those forward-looking statements come with statements in regards to the Corporate’s skill to execute on and meet the objectives of its sustainability targets; the finishing touch of the Corporate’s complete tailings control plan; the affect of trade in home and world environmental insurance policies, rules and allowing necessities at the Corporate and its operations; the end result of the Corporate’s aquatic habitat recovery plan; the luck of the Corporate’s neighborhood engagement; the predicted timing of sure judicial and/or administrative selections; the timing and possible for an up to date feasibility at the mission; our targets for the rest of 2022; ongoing fortify supplied to key stakeholders together with Local Company companions; the prospective affect of the COVID-19 pandemic at the building of Donlin Gold; the prospective building and building of Donlin Gold; the sufficiency of price range to proceed to advance building of Donlin Gold; perceived benefit of homes; mineral reserve and mineral useful resource estimates; Donlin Gold’s skill to safe the lets in had to assemble and perform the Donlin Gold mission in a well timed method, if in any respect; felony demanding situations to Donlin Gold’s current lets in; the Donlin Gold LLC Board approval to advance Donlin Gold up the worth chain; the luck of the strategic mine plan for Donlin Gold. As well as, any statements that seek advice from expectancies, intentions, projections or different characterizations of long term occasions or instances are forward-looking statements. Ahead-looking statements aren’t ancient details however as a substitute constitute the expectancies of NOVAGOLD control’s estimates and projections relating to long term occasions or instances at the date the statements are made.

Vital components that might motive precise effects to range materially from expectancies come with the want to download further lets in and governmental approvals; the timing and probability of acquiring and keeping up lets in essential to build and perform; the desire for extra financing to discover and broaden homes and availability of financing within the debt and capital markets; the coronavirus world pandemic (COVID-19); uncertainties concerned within the interpretation of drill effects and geological assessments and the estimation of reserves and assets; adjustments in mineral manufacturing efficiency, exploitation and exploration successes; adjustments in nationwide and native govt law, taxation, controls or rules and/or adjustments within the management of regulations, insurance policies and practices, expropriation or nationalization of belongings and political or financial trends in the US or Canada; the desire for persevered cooperation between Barrick and NOVAGOLD for the ongoing exploration, building and eventual building of the Donlin Gold belongings; the desire for cooperation of presidency companies and Local teams within the building and operation of homes; dangers of building and mining initiatives akin to injuries, apparatus breakdowns, unhealthy climate, illness pandemics, non-compliance with environmental and allow necessities, unanticipated variation in geological buildings, ore grades or restoration charges; surprising price will increase, which might come with important will increase in estimated capital and working prices; fluctuations in steel costs and foreign money alternate charges; whether or not a favorable building resolution might be made relating to Donlin Gold; and different dangers and uncertainties disclosed in NOVAGOLD’s most up-to-date studies on Paperwork 10-Okay and 10-Q, in particular the “Possibility Elements” sections of the ones studies and different paperwork filed via NOVAGOLD with acceptable securities regulatory government once in a while. Copies of those filings is also got via visiting NOVAGOLD’s web page at www.novagold.com , or the SEC’s web page at www.sec.gov , or at www.sedar.com . The forward-looking statements contained herein replicate the ideals, critiques and projections of NOVAGOLD at the date the statements are made. NOVAGOLD assumes no legal responsibility to replace the forward-looking statements of ideals, critiques, projections, or different components, must they alter, with the exception of as required via regulation.

1 Donlin Gold information as in line with the 2021 Technical File and the S-Okay 1300 File, as outlined under. Donlin Gold Measured Sources of roughly 8 Mt grading 2.52 g/t and Indicated Sources of roughly 534 Mt grading 2.24 g/t, every on a 100% foundation and inclusive of Mineral Reserves, 50% of that are resulting from NOVAGOLD. Mineral Sources had been estimated based on NI 43-101.ADD SK 1300 Of the foregoing, 50% is resulting from NOVAGOLD.

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