NOVAGOLD Announces Election of Directors and Voting Results from 2023 Virtual Annual General Meeting of Shareholders A total of 284,457,954 or 85.17% of the Company’s issued and outstanding shares were represented at the Meeting

 NYSE AMERICAN, TSX: NG

NEWS RELEASE

 www.novagold.com

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NOVAGOLD Announces Election of Directors and Voting Results from

2023 Virtual Annual General Meeting of Shareholders

 A total of 284,457,954 or 85.17% of the Company’s issued and outstanding shares were represented at

the Meeting

 All six proposals to shareholders were approved, including the election of all eleven director nominees;

Hume Kyle, Daniel Muñiz-Quintanilla, and Dawn Whittaker join the Board

 During the 2023 proxy season, NOVAGOLD placed outreach calls to shareholders holding approximately

92.21% of the Company’s issued and outstanding common shares entitled to vote

May 23, 2023 - Vancouver, British Columbia – NOVAGOLD RESOURCES INC. (“NOVAGOLD” or the

“Company”) (NYSE American, TSX: NG) is pleased to announce the detailed voting results on the items of

business considered at its Annual General Meeting of Shareholders held on May 1 8, 2023 (the “Meeting”). All

proposals were approved and all eleven director nominees were elected. A total of 284,457,954 or 85.17% of

the Company’s issued and outstanding shares were represented at the Meeting.

Hume Kyle, Daniel Muñiz-Quintanilla, and Dawn Whittaker join the Board Directors of NOVAGOLD

The Company is delighted to report the election of Hume Kyle, Daniel Muñiz-Quintanilla, and Dawn Whittaker

to its Board at the Meeting, effective May 18, 2023. The three new Directors will fill one vacancy and replace

Sharon Dowdall and Clynton Nauman, two directors who chose to retire from the Board after many years of

dedicated and excellent service to NOVAGOLD. For more information on changes to NOVAGOLD’s Board

membership, please view the release from April 19, 2023 here.

Shareholder Engagement

During this year’s proxy outreach, NOVAGOLD placed calls to shareholders owning 40,000-plus shares who

collectively hold approximately 92.21% of the Company’s issued and outstanding common shares entitled to

vote at the Meeting. Year-over-year the input received from shareholders has helped shape and improve the

Company’s governance practices.

Shareholder Voting Results

The shareholders voted on the following matters at this year’s Meeting:

Proposal 1 – Election of Directors

The nominees listed in NOVAGOLD’s Management Information Circular were elected as Directors of the

Company. Detailed results of the votes are set out below:

Proposal 2 Outcome of the

Vote

Votes by Ballot

Election of Directors Votes For Votes Withheld

Dr. Elaine Dorward-King Carried 263,941,771

(98.68%)

3,517,519

(1.31%)

Dr. Diane Garrett Carried 258,982,243

(96.83%)

8,477,047

(3.16%)

Dr. Thomas Kaplan Carried 264,468,481

(98.88%)

2,990,809

(1.11%)

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Hume Kyle Carried 266,699,853

(99.71%)

759,437

(0.28%)

Gregory Lang Carried 265,885,009

(99.41%)

1,574,281

(0.58%)

Kalidas Madhavpeddi Carried 261,382,272

(97.72%)

6,077,018

(2.27%)

Kevin McArthur Carried 262,363,487

(98.09%)

5,095,803

(1.90%)

Daniel Muñiz-Quintanilla Carried 257,946,124

(96.44%)

9,513,166

(3.55%)

Ethan Schutt Carried 261,722,045

(97.85%)

5,737,245

(2.14%)

Anthony Walsh Carried 262,982,560

(98.32%)

4,476,730

(1.67%)

Dawn Whitaker Carried 266,508,418

(99.64%)

950,872

(0.35%)

Proposal 2 – Appointment of Auditors

The vote was carried for the Appointment of the Auditors, PricewaterhouseCoopers LLP. The votes received by

ballot were as follows:

Votes For 281,594,022 98.99%

Votes Withheld 2,863,932 1.00%

Proposal 3 – Approve all unallocated entitlements under the Stock Award Plan

The vote was carried for the Stock Award Plan. The votes received by ballot were as follows:

Votes For 227,431,669 85.03%

Votes Against 39,490,733 14.76%

Abstentions 536,888 0.20%

Proposal 4 – Approve all unallocated entitlements under the Performance Share Unit Plan

The vote was carried for the Performance Share Unit Plan. The votes received by ballot were as follows:

Votes For 238,158,490 89.04%

Votes Against 28,767,073 10.75%

Abstentions 533,727 0.19%

Proposal 5 – Approve all unallocated entitlements under the Deferred Share Unit Plan

The vote was carried for the Deferred Share Unit Plan. The votes received by ballot were as follows:

Votes For 262,907,150 98.29%

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Votes Against 4,010,460 1.49%

Abstentions 541,680 0.20%

Proposal 6 – Advisory Approval of Executive Compensation (“Say-on-Pay”)

The vote was carried on the Say-On-Pay Advisory Vote. The votes received by ballot were as follows:

Votes For 253,638,153 94.83%

Votes Against 13,317,773 4.97%

Abstentions 503,364 0.18%

Full details of all proposals are fully described in the Company’s Management Information Circular dated

March 24, 2023 available on the Company’s website at www.novagold.com/investors/mic/, on SEDAR at

www.sedar.com, and on EDGAR at www.sec.gov, and the detailed results of voting on each proposal are

included in the Report of Voting Results filed on SEDAR and in the 8-K filed on EDGAR.

The Annual General Meeting of Shareholders webcast and corporate presentation are available on

NOVAGOLD’s website under Presentations.

NOVAGOLD Contacts:

Mélanie Hennessey

Vice President, Corporate Communications

1-604-669-6227 or 1-866-669-6227