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Investor Presentaiton

NOVAGOLD: Promises Kept, Excellent Partnerships Track record of successfully translating company goals into shareholder value Culture of mutual respect between NOVAGOLD, Donlin Gold and people in remote villages and throughout Alaska Well established partnership with Native Corporations Employment, scholarships, workforce development and environmental programs in the region Resource development for future benefit of all stakeholders Advancement of Donlin Gold 2011 Technical Report 2012 commencement of permitting 2017-2021 targeted drill campaigns 2018 receipt of Record of Decision and major federal permits 2019-2021 receipt of key State permits • 2021 Technical Report Aligned on project strategy and timeline with Barrick Gold, NOVAGOLD's equal partner in Donlin Gold 14-year history of building value with an unwavering focus on stakeholder wealth creation; technical excellence; environmental stewardship; and social responsibility Constructive and positive relationship with Barrick, respect for Barrick's corporate objectives, including renewed focus on geology Successful strategic focus on becoming a pure gold play Spin-out of 100%-owned Ambler project in 2012 to form NovaCopper (now Trilogy Metals)¹, now with market capitalization of greater than C$405M² Enhanced value of Galore Creek with 2011 pre-Feasibility Study and successful monetization of the asset in 2018 with sale of NOVAGOLD's 50%- interest to Newmont Corp. for up to $275M³ 1) As per the media release titled "NovaGold Shareholders Overwhelmingly Approve the NovaCopper Spin-Out", dated March 29, 2012. 2) As of July 29, 2021. 3) As per the media release titled "NOVAGOLD Enters Agreement to Sell Its 50% Stake in Galore Creek to Newmont for up to $275 Million", dated July 26, 2018. NOVAGOLD 5
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