Investor Presentaiton

NOVAGOLD: Maintaining a Strong Treasury A healthy treasury to advance Donlin Gold to the next stage of development $31-35M BUDGET anticipated 2021 expenditures disclosed on January 27, 20211 TREASURY $108M $75M $25M $108M cash and term deposit balance on May 31, 2021 plus $75M received from Newmont July 27, 20212 receivable from Newmont in July 20232 $OM 1) Budget includes $18-22M to Donlin Gold and $13M G&A. $25M $50M $75M $100M $125M $150M $175M 2) NOVAGOLD sold its 50% ownership of the Galore Creek project to Newmont in 2018. Deferred compensation on the sale of Galore Creek includes $25M on earlier of Feasibility Study or July 27, 2023. An additional $75M is due upon construction approval. For additional detail, see the media release dated July 28, 2021: "NOVAGOLD Receives $75 Million from Newmont Corporation". $200M NOVAGOLD 21

View entire presentation