1 Measured and indicated resources of 0.63 million ounces and 3 8.38 million ounces respectively (541 million tonnes at an average grade of approximately 2.2 grams per tonne) are inclusive of 0.57 million ounces proven and 33.28 million ounces probable reserves (504.8 million tonnes at

NOVAGOLD Achieves Multiple Significant Milestones in 2012 Permitting of Donlin Gold Project in Alaska is Underway

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• Vancouver, British Columbia – NOVAGOLD RESOURCES INC. -
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 Donlin Gold’s updated Feasibility Study was approved by partners NOVAGOLD and Barrick, and permitting

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-   Donlin Gold Notice of Intent to prepare an Environmental Impact Statement (EIS) was published in the U.S.

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  Secured sufficient cash resources to take Donlin Gold through permitting and satisfy all current financial nt’s Message2012 was a transformative year for NOVAGOLD. One year ago, we launched a process of maximizing the value of our

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PFS

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become

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se are the reasons we believe that NOVAGOLD will emerge as one of only a handful of premier, institutional . 1 of gold Gold s tate in the U . S .

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1 ,500,000 rates

M I R Gold -

1 Measured and indicated resources of 0.63 million ounces and 38.38 million ounces respectively (541 million tonnes at an average grade of - not I R

ther -

• gold -

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  • - cost
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• Basic
• Diluted

(1) General and administrative, salaries and severance, professional fees, and corporate and development.Financial Results

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ivable

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- Compa ny used $18.5 million and $16.3 million to fund its share of expenditures at the Donlin Gold and Galore Creek

The 3 is US $ 15 million in preparation for issuance of the draft EIS in 2014. In addition, Donlin Gold LLC will continue to optimize the project

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p

• p roject returns
  • up on

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1 - 866 - 202 - 1971 1 - 617 - 213 - 8842

• 888 - 286 - - 617 - 801 - 6888

- AIF and . T -

1 - 866 - 669 - 6227.

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• - gold - silver - -

2 Measured and indicated resources of 0.63 million ounces and 38.38 million ounces respectively (541 million tonnes at an average grade of -

• 101.
• 669 - - 866 - 669 - 6227

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• - - en t of Donlin Gold, statements
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uncertainties

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nge - - - -

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signifi

re

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