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Investor Presentaiton

DONLIN GOLD: A True 50:50 Partnership with Barrick Gold Taking the Donlin Gold project up the value chain together since 2001 • • . Donlin Gold LLC is owned 50:50 by Barrick Gold and NOVAGOLD subsidiaries The Donlin Gold project management team is subject to oversight and direction by the Donlin Gold LLC joint-venture board comprised of two directors from each of NOVAGOLD and Barrick The Donlin Gold LLC Chair alternates between the companies annually. NOVAGOLD's CEO Greg Lang is the Chair for 2021 Where does Donlin Gold fit in the Barrick portfolio? Barrick lists four Greenfield Projects: Alturas-Del Carmen (Chile), Donlin Gold (Alaska, USA), Norte Abierto (Chile), and Pascua-Lama (Chile/Argentina)¹ With 14 producing gold mines, Barrick is the 2nd-largest gold producer in the world and 2020 gold production pro forma 4.8Mozs² Barrick had all-In Sustaining Costs of $967 per ounce³ in 2020 with 68Mozs in gold reserves at an average grade of 1.66g/t at year-end4 Barrick Gold Exploration & Projects: https://www.barrick.com/English/operations/exploration-and-projects/default.aspx#exploration. Barrick Gold Corp. 2021 Annual Report, March 19, 2021: https://s25.q4cdn.com/322814910/files/doc financial/annual reports/2020/Barrick-Annual-Report-2020.pdf, page 1. Ibid, page 71, Production and Cost Summary. 1. 2. 3. 4. Ibid, page 156, Gold Mineral Reserves table. BARRICK SOLID. NOVAGOLD SECURE GOLDEN. NOVAGOLD 18
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