NovaGold Second Quarter Financial Results and Projects Update
July 13, 2010 - Vancouver, British Columbia - NovaGold Resources Inc. (NYSE-AMEX, TSX: NG)
today announced the results of its second quarter ended May 31, 2010. Details of the Company’s financial
results are described in the unaudited consolidated financial statements and Management’s Discussion and
Analysis which, together with further details on each of the Company’s projects, including resource estimates, will
be available on the Company’s website at www.novagold.net, on SEDAR at www.sedar.com and on EDGAR
at www.sec.gov. All amounts are in Canadian dollars unless otherwise stated.
NovaGold will host a conference call and webcast
Monday, July 19 at 1pm PST (4pm EST)
Toll-free 1 -877-440-9795 or webcast at www.novagold.net
During the quarter the gold sector has experienced considerable volatility, with junior mining stocks fluctuating
greatly on a daily basis. As a gold-focused development-stage company, NovaGold’s share price is affected
significantly by the prevailing gold price. Global economics also affect the Company’s share price, and current
concerns over European debt and the Euro are affecting stock markets worldwide. NovaGold’s share price is
also affected by progress at the Company’s projects. Company news during the last quarter has been positive,
with progress at Donlin Creek and Galore Creek and the completion of US$175 million in an equity financing.
Information on recent developments, progress at the projects and the Company’s outlook is summarized below.
Description of business
NovaGold is a growth-focused precious metals company engaged in the exploration and development of mineral
properties in Alaska, U.S.A. and British Columbia, Canada. The Company conducts its operations through
wholly-owned subsidiaries, partnerships, limited liability companies and joint ventures. Since 1998, the Company
has assembled a world-class portfolio of projects, with 50% interests in two of the world’s largest undeveloped