November 22, 2007

NovaGold Resources Inc

Head Office:

Ste 2300, 200 Granville St

Vancouver, BC V6C 1S4

Tel: 604 669 6227

Fax: 604-669-6272

Email: info@novagold.net

Website: www.novagold.net

Date of Incorporation: 1998

Key Personnel: Rick Van Nieuwenhuyse, President & CEO; Don MacDonald, Senior Vice President & CFO; Peter Harris, Senior Vice President & COO

Nature of Ownership: public

Principal Owners: Tradewinds NWQ Global Investors, Neuberger Berman LLC, Senior Management & Directors, Snyder Capital Management

Volume: $743,000,000

Areas of Expertise: Precious metals exploration and mine development.

Economic Forecast: The remainder of 2007 holds significant potential for NovaGold as the company transitions from explorer/developer to junior producer, bringing the company one step closer to achieving its business plan of becoming a quality, North American, mid-tier gold and copper producer.

Corporate Profile: NovaGold is a gold and copper company engaged in the exploration and development of mineral properties in Alaska and Western Canada. The Company has targeted production in 2007 at its 100%-owned Nome Operations in Alaska, and has partnered with Teck Cominco to build the Galore Creek copper-gold mine in British Columbia. NovaGold owns 70% of the Donlin Creek gold project in Alaska in a joint venture with Barrick Gold, and is earning a 51% interest as manager of the Ambler copper-zinc-silver-gold project in partnership with Rio Tinto. NovaGold has a large reserve/resource base and trades on the TSX and AMEX under the symbol NG.

Major Projects: Nome Operations – 100% owned, Alaska; Gold project, first production targeted for 2007, annual production estimated at 100,000 ozs

Galore Creek – 50% owned (50% Teck Cominco Limited), Northwestern British Columbia; copper-gold-silver project, under construction. First production targeted for 2012, annual production estimated at 430 million lbs copper, 340,000 ozs gold and 4 million ozs silver for first 5 years; Donlin Creek – 70% owned (30% Barrick Gold Corporation), Alaska. Gold project, Barrick currently manager of project, working toward a feasibility study; Ambler – 51% owned (earning interest from Rio Tinto), Alaska. Copper-zinc-silver-gold project, exploration stage, working toward preliminary economic assessment.

—updated November, 2007

The Leaders 2007 Edition

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