Legal Disclaimer

This website is owned and operated by NOVAGOLD RESOURCES INC. (“NOVAGOLD” or the “Company”). All materials that appear on this website are the property of NOVAGOLD and are copyrighted by the Company. No use of this information is permitted without the prior written consent of the Company. NOVAGOLD updates the information on this website regularly; however, such information is not intended to be a comprehensive review of all matters and developments concerning the Company and its properties. NOVAGOLD cannot guarantee the accuracy, currency or completeness of the information at all times and assumes no responsibility in this regard, except as required by law. By using this website, you acknowledge that you have reviewed and understand the disclaimers set forth herein.

WEBSITE CONTENT

The information on this website is not intended to modify, qualify, supplement or amend information disclosed under securities legislation of any jurisdiction applicable to NOVAGOLD and should not be used for the purpose of making investment decisions. NOVAGOLD’s public disclosure documents are available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Printed copies may be requested from the Company.

All stock quotes and historical stock price data are provided by third party service providers and are provided for informational purposes only. Stock quotes may be delayed and are not intended for trading purposes. NOVAGOLD makes no representation or warranty regarding the accuracy or completeness of any such stock price quotes or historical stock price data and has not taken any steps to verify the adequacy, accuracy or completeness of the information provided herein.

NOVAGOLD shall not be liable for internet software, computer viruses or destructive programs which may be downloaded from this website or linked third party websites. Links to third party websites are provided as a convenience only, and NOVAGOLD does not monitor, endorse or accept any responsibility for such websites.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This website and the documents posted on this website contain forward-looking statements or information within the meaning of Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995 concerning anticipated results and developments in our operations in future periods, planned exploration activities, the adequacy of our financial resources and other events or conditions that may occur in the future. These forward-looking statements may include statements regarding perceived merit of properties, permitting, shareholder returns, exploration results and budgets, mineral reserves and resource estimates, work programs, anticipated timing of updated reports and/or studies, capital expenditures, operating costs, cash flow estimates, production estimates and similar statements relating to the economic viability of a project, timelines, strategic plans, including the Company’s plans and expectations relating to its Donlin Gold project, completion of transactions, market prices for precious and base metals, or other statements that are not statements of fact. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Statements concerning mineral resource estimates may also constitute “forward-looking statements” to the extent that they involve estimates of the mineralization that will be encountered if the property is developed.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as “expects”, “continue”, “ongoing” “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “potential”, “possible” or variations thereof or stating that certain actions, events, conditions or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements are based on a number of material assumptions, including those listed below, which could prove to be significantly incorrect:

our ability to achieve production at any of our mineral exploration and development properties;
estimated capital costs, operating costs, production and economic returns;
estimated metal pricing, metallurgy, mineability, marketability and operating and capital costs, together with other assumptions underlying our resource and reserve estimates;
our expected ability to develop adequate infrastructure and that the cost of doing so will be reasonable;
assumptions that all necessary permits and governmental approvals will be obtained and retained, and the timing of such approvals;
assumptions made in the interpretation of drill results, the geology, grade and continuity of our mineral deposits;
our expectations regarding demand for equipment, skilled labor and services needed for exploration and development of mineral properties;
our activities will not be adversely disrupted or impeded by development, operating or regulatory risks;
our expectations regarding the timing and outcome of the appeals to certain state and federal permits that have been issued to any of our mineral exploration and development properties; and
our ability to improve our ESG initiatives and objectives.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation:

uncertainty of whether there will ever be production at our mineral exploration and development properties;
risks related to co-owner on which we depend for activities at our mineral exploration and development properties ;
our history of losses and expectation of future losses; our limited property portfolio
risks related to our ability to finance the development of our mineral properties through external financing, strategic alliances, the sale of property interests or otherwise;
uncertainty of estimates of capital costs, operating costs, production and economic returns;
commodity price fluctuations;
risks related to market events and general economic conditions;
risks related to the third parties on which we depend for our exploration and development activities;
risks related to opposition to our operations at our mineral exploration and development properties from non-governmental organizations or civil society;
the risk that permits and governmental approvals necessary to develop and operate mines on our properties will not be available on a timely basis, subject to reasonable conditions, or at all;
risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of our mineral deposits;
uncertainties relating to the assumptions underlying our resource and reserve estimates, such as metal pricing, metallurgy, mineability, marketability and operating and capital costs;
risks related to the inability to develop or access the infrastructure required to construct and operate our mineral properties;
uncertainty related to title to our mineral properties;
mining and development risks, including risks related to infrastructure, accidents, equipment breakdowns, labor disputes or other unanticipated difficulties with, or interruptions in, development, construction or production;
competition in the mining industry;
risks related to governmental regulation and permits, including environmental laws and regulation;
risks related to our largest shareholder;
risks related to conflicts of interests of some of the directors and officers of the Company;
risks related to the need for reclamation activities on our properties and uncertainty of cost estimates related thereto;
risks related to title and other rights to our mineral properties;
credit, liquidity, interest rate and currency risks;
risks related to increases in demand for equipment, skilled labor and services needed for exploration and development of mineral properties, and related cost increases;
our need to attract and retain qualified management and technical personnel;
uncertainty as to the outcome of potential litigation;
risks related to information technology systems;
risks related to the Company’s status as a “passive foreign investment company” in the United States;
implementation of the Company’s ESG policies, studies, programs initiatives and objectives; and
risks related to the effects of global climate change on our mineral properties.

Paul Chilson, P.E., who is the Mine Engineering Manager for NOVAGOLD and a “qualified person” under NI 43-101, has approved the scientific and technical information contained on this website.

This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements. Forward-looking statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in Company’s Quarterly Reports on Form 10-Q and Annual Report on Form 10-K under the heading “Risk Factors” and elsewhere.

The Company’s forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update forward-looking statements if circumstances or management’s beliefs, expectations or opinions should change, except as required by law. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

CAUTIONARY NOTE TO UNITED STATES INVESTORS

United States investors are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable.

NON-SOLICITATION

This website is not intended as a solicitation or offering of securities in any jurisdiction and the information contained herein in no way should be construed or interpreted as such. No securities commission or other regulatory authority in Canada, the United States or any other country or jurisdiction has in any way passed upon this information and no representation or warranty is made by NOVAGOLD to that effect.