NovaGold Resources (NG) Proxy filing summary

Executive summary

• Appointment of Endeavour Financial and Macquarie Capital as financial advisors to support project and infrastructure financing for the Donlin Gold project in Alaska.

• Advisors will evaluate funding alternatives and execute a structured project financing strategy, aiming to optimize the funding mix and preserve long-term shareholder value.

• The Donlin Gold project is one of the largest and highest-grade open-pit gold deposits, expected to produce over one million ounces of gold annually over a 27-year mine life.

• The proposed consolidation between NOVAGOLD and Paulson's DGH interest is expected to streamline decision-making and expand access to capital.

• Forward-looking statements highlight expectations for project development, financing, and regulatory approvals, with risks disclosed in recent filings.

Voting matters and shareholder proposals

• Shareholder approval will be sought for transactions related to the consolidation of Donlin Gold ownership and related financing initiatives.

• Proxy materials will be filed and disseminated to security holders for voting on these proposals.

Board of directors and corporate governance

• Certain directors, executive officers, and employees may participate in the solicitation of proxies for the proposed transactions.

• Information on directors, executive officers, and their interests will be included in the proxy statement.