NovaGold Appoints Marc Faber and Igor Levental to Its Board
July 8, 2010 - Vancouver, British Columbia - NovaGold Resources Inc. (NYSE-AMEX: NG, TSX: NG)
today announced the appointment of Dr. Marc Faber and Mr. Igor Levental to its Board of Directors.
Dr. Faber has over 35 years of experience in the finance industry and is the Managing Director of Marc Faber
Ltd., an investment advisory and fund management firm. He is an advisor to a number of private investment funds
and serves as a Director of Ivanhoe Mines and Sprott Asset Management. Dr. Faber publishes a widely read
monthly investment newsletter entitled The Gloom, Boom & Doom Report and is the author of several books
including Tomorrow's Gold – Asia's Age of Discovery . A renowned commentator on global market trends and
developments, he is also a regular contributor to several leading financial publications around the world, including
Barron's , where he is a member of the Barron's Roundtable. Dr. Faber received his PhD in Economics magna
cum laude from the University of Zurich.
Mr. Levental is President of the Electrum Group of Companies, a leading privately-owned mineral exploration
and development group with strategic holdings in private and public precious metals companies, including
NovaGold. Mr. Levental is a Director of Gabriel Resources Ltd., which is engaged in the development of major
precious metals deposits in Romania; he is also a Director of Taung Gold Limited, a South African-based private
gold exploration and development company. With more than 30 years of experience across a broad cross-
section of the international mining industry, Mr. Levental has held senior positions with major mining companies
including Homestake Mining Company and International Corona Corporation, where he played a major role in
these companies’ corporate development and merger and acquisition activities. Mr. Levental is a Professional
Engineer with a BSc in Chemical Engineering and an MBA from the University of Alberta.
“Dr. Faber and Mr. Leve