Investor Presentaiton

NOVAGOLD: Company History Highlights The Gold Development Company for the 21st Century 1984 Incorporated in Nova Scotia - Gerald McConnell as CEO leads exploration company initially focused on gold properties in Nova Scotia, later exploration expands throughout the Americas 1998 Rick Van Nieuwenhuyse joins as President & CEO; focuses exploration on North America 2001 NOVAGOLD obtains option to earn a 70% interest in the Donlin Creek project by investing $10M over 10 years; earn-in completed in 18 months 2003 Placer Dome exercised its Back-in Right and became the project operator 2006 Barrick buys Placer Dome in January 2006; in July 2006 Barrick makes a hostile offer for NOVAGOLD, offer expires in December 2007 Barrick and NOVAGOLD resolve disputes and pledge to advance Donlin Creek; form Donlin Creek LLC with each owning 50%; completes Donlin Creek project feasibility study 2009 Electrum becomes NOVAGOLD's largest shareholder 2011 Second updated feasibility study completed, and NI 43-101 Technical Report is filed; change of project name and LLC to Donlin Gold 2012 NOVAGOLD completes corporate reorganization, new management team hired • Greg Lang joins as President & CEO • Trilogy Metals (formerly NovaCopper) spun-out • NOVAGOLD becomes a pure-gold play focused on flagship asset - Donlin Gold Permitting process commences 2017 Donlin Gold drill program complete, encountered more high-grade intercepts 2018 Major milestones achieved • Sale of Galore Creek to Newmont, July 2018 • Final Environmental Impact Statement for Donlin Gold received April 2018 • The Corps and BLM issued a joint ROD for Donlin Gold in August 2018 2018-2021 Receipt of key state permits: section 401 certification, pipeline ROW lease authorization, waste management permit, reclamation plan approval, title 16 fish habitat permits, water rights 2020 Largest Donlin Gold drill program in 12 years completed, 85 holes in ACMA and Lewis pits encountered more high-grade intercepts including some near-surface 2021 Receipt of $75 million from Newmont Corp. as second payment for 2018 Galore Creek sale NOVAGOLD 4

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