NovaGold: Extraordinary Value, Extraordinary Leverage

NovaGold Resources Inc. (NYSE Amex: NG; TSX: NG) is a growth-focused gold exploration, development and mining company. With one of the largest resource bases among its peers and 50% interests in two of the world’s largest gold and copper-gold projects – the 39-million-ounce Donlin Creek gold project and the world-class Galore Creek copper-gold-silver deposit, both located in politically stable North America – NovaGold offers exceptional leverage to gold in today’s strong precious metals market.

NovaGold provides significant opportunities for value-oriented investors based on its:

• Large, high-quality projects. 50% interests in two of the world’s largest gold and copper‐gold projects.
• Safe geopolitical locations. Current properties are in Alaska and British Columbia, offering investors leverage to gold with low geopolitical risk.
• Experienced partners. The company has partnered with two of the world’s largest and most experienced mining producers, Barrick Gold (NYSE: ABX) and Teck Resources (NYSE: TCK), enabling NovaGold to offer lower risk and higher potential value than many other small mining companies can provide.
• Financial strength. Over the past five years, NovaGold raised over US$500 million –- with an additional US$75 million raised in 2009, the most difficult capital market in years.
• Resource growth. On average, NovaGold’s exploration team has added 3 million ounces of gold annually to its resource base over the last 10 years through exploration and acquisition, and 15.2 million ounces of gold reserves since 2006.

With more than 15 million ounces of gold reserves and an additional 14 million ounces of gold resources, each 10 shares of NovaGold represents 1.8 ounces of gold to the investor, offering significant value as the gold price strengthens. NovaGold’s share price today offers a compelling buying opportunity as the Company’s projects continue to advance toward production.