1 Proven and Probable reserves of 0.57 million ounces and 33.28 million ounces respectively (504.8 million tonnes at an average grade of approximately 2.09 grams per tonne) which are included in M easured and Indicated resources of 0.63 million ounces and 38.38 million ounces

NEWS RELEASE NYSE-MKT, TSX: NG

to

• Vancouver, British Columbia — NOVAGOLD RESOURCES INC. (TSX, NYSE -

(“Holders”)

held m , Eastern Time, on May 1, 2013. NOVAGOLD will all of the . With approximately than f und per S EC ), NOVAGOLD will file a Tender Offer spec . The Holders

m , Eastern Time, on

h or not

i

• 4869

- - 4 million ounces 1 of gold in the and cat 05 million tonnes at an average grade of approximately 2. 1 grams per tonne), Donlin Gold is regarded to

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• gold - -

Study, -

1 Proven and Probable reserves of 0.57 million ounces and 33.28 million ounces respectively (504.8 million tonnes at an average grade of approximately 2.09 grams per tonne) which are included in Measured and Indicated resources of 0.63 million ounces and 38.38 million ounces respectively (541 million tonnes at an average grade of approximately 2.2 grams per tonne). See the Feasibility Study for further information.

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relating to NO

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coo peration with Barrick Gold Corporation and Teck Resources Limited for the continued exploration and development of the Donlin

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n eralization that does not

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