Page 2 - NOVAGOLD_2018_AnnualReport

Cover photo: One of the Donlin Gold drill sites from the program completed in 2017. table of contents 2 president’s letter to shareholders 5 chairman’s letter to shareholders: papa doesn’t play poker 16 questions & answers 30 company map 32 corporate social responsibility 39 mineral reserves & mineral resources 40 corporate information and nancial statements (separate document) Our employees and neighbors take pride in the work and activities depicted in the photographs throughout this report, most of which were taken at the Donlin Gold site or in the surrounding communities. All scienti c and technical information in the body of this annual report is quali ed by and is to be read in conjunction with the mineral reserves and mineral resources table and associated notes found on page 39 of this annual report. All dollar amounts quoted in this report are in U.S. currency unless otherwise noted.