NOVAGOLD

📢 NOVAGOLD & Paulson Announce the Appointment of Endeavour Financial and Macquarie Capital as Financial Advisors to the Donlin Gold Project NOVAGOLD and Donlin Gold Holdings LLC (DGH),100% wholly-owned by Paulson Advisers LLC and its affiliates announced the appointment of Endeavour Financial and Macquarie Capital as financial advisors to support the development and financing strategy for the Donlin Gold project in Alaska. The financial advisors will help evaluate funding alternatives, coordinate engagement with potential financiers, and advance a structured project financing strategy as the partners progress toward a final investment decision following completion of the Bankable Feasibility Study. Their expertise in large‑scale, agency‑supported project finance, including export credit agency involvement, will support NOVAGOLD and DGH in optimizing the overall funding mix while preserving long‑term shareholder value. This appointment follows NOVAGOLD’s announcement on July 22 that it entered into a series of definitive agreements on July 21, 2026, pursuant to which NOVAGOLD’s ownership interest in Donlin Gold will be increased from 60% to 100%, as a result of NOVAGOLD’s acquisition of Paulson’s 40% ownership interest in Donlin Gold in an all-share transaction. The proposed consolidation is intended to streamline decision-making and expand access to private and official-sector capital. 🔗 Read the full announcement on the NOVAGOLD website: https://novagold.com/2026/ #NOVAGOLD #DonlinGold #Mining #ProjectFinance #Gold #CapitalMarkets #Alaska This post and our press release contain forward-looking statements subject to material risks and uncertainties. Learn more about our announcement here: https://novagold.com/2026/. Investors should read the release here: https://novagold.com/2026/ because it contains important information about NOVAGOLD and the proposed transaction.

🌟 Supporting Our Community in Vancouver’s Downtown Eastside The NOVAGOLD team joined partners in Vancouver’s Downtown Eastside to distribute essential supplies, food, and care items to community members in need. This initiative builds on our long‑standing support of organizations like Lotus Light Charity, reflecting our commitment to compassion, dignity, and meaningful community engagement. We are grateful to everyone who contributed their time, resources, and energy to make a positive impact. At NOVAGOLD, we believe that responsible development includes showing up for the communities where we live and work — and we are proud to continue that work together. #NOVAGOLD #CommunitySupport #DowntownEastside #Vancouver #CorporateResponsibility #GivingBack #LotusLightCharity

The recent CNBC interview featuring Dr. Thomas S. Kaplan and Mr. John Paulson is now available on NOVAGOLD’s website. 🎥 In this wide‑ranging discussion, they share valuable perspectives on long‑term gold fundamentals, the strategic significance of the Donlin Gold project, and broader market trends shaping the future of the industry. They also address the proposed transaction NOVAGOLD announced on July 22, 2026, offering helpful context on its importance and alignment with the company’s long‑term strategy. 📌 Watch the full interview here: https://novagold.com/ #NOVAGOLD #DonlinGold #Gold #Mining #CNBC #ThomasKaplan #JohnPaulson #Investing #GoldMarket This post, associated interview and our press release contain forward-looking statements subject to material risks and uncertainties. Learn more about our announcement: https://novagold.com/2026/. Investors should read the release at https://novagold.com/2026/ because it contains important information about NOVAGOLD and the proposed transaction.

NOVAGOLD Enters Into Definitive Agreements to Acquire 100% of Donlin Gold NOVAGOLD, Paulson and their affiliates have entered into a series of definitive agreements whereby NOVAGOLD’s ownership interest in Donlin Gold will be increased from 60% to 100%, by acquiring Paulson’s 40% ownership interest in Donlin Gold in an all-share transaction. Highlights: • NOVAGOLD becomes leading U.S.-domiciled gold developer with ~US$4.2 billion equity value • Dr. Thomas S. Kaplan and John Paulson to Co-Chair new entity • Generates immediate accretion to NOVAGOLD shareholders on a NAV per share; gold R&R per share, addition of ~16M oz of M&I (inclusive of 13M oz P&P reserves) in a safe and stable jurisdiction; and projected increased production by over 520K ounces of annual gold production in the first 10 years.  • Consolidation to streamline project development and financing Join us Wednesday, July 22 at 8:00 am PT (11:00 ET) to hear the details: Video Webcast: https://lnkd.in/g5pWGkeH North American callers: 1-833-752-3655 International callers: 1-647-846-8520 This post and our press release contain forward-looking statements subject to material risks and uncertainties. Learn more about our announcement here: https://novagold.com/2026/. Investors should read the release because it contains important information about NOVAGOLD and the proposed transaction. 1 Donlin Gold data as per the report titled “NI 43-101 Technical Report on the Donlin Gold project, Alaska, USA”, dated as of November 30, 2025 (the “2025 Technical Report”) and the report titled “S-K 1300 Technical Report Summary on the Donlin Gold project, Alaska, USA”, dated November 30, 2025 (the “2025 Technical Report Summary”). Donlin Gold possesses Measured Resources of approximately 9 Mt grading 2.67 g/t and Indicated Resources of approximately 551 Mt grading 2.21 g/t, each on a 100% basis and inclusive of Mineral Reserves, of which approximately 6 Mt of Measured Resources and approximately 330 Mt of Indicated Resources inclusive of Mineral Reserves is currently attributable to NOVAGOLD through its 60% ownership interest in Donlin Gold. Exclusive of Mineral Reserves, Donlin Gold possesses Measured Resources of approximately 1.4 Mt grading 1.18 g/t and Indicated Resources of approximately 175 Mt grading 1.32 g/t, of which approximately 0.9 Mt of Measured Resources and approximately 105 Mt of Indicated Resources exclusive of Mineral Reserves is currently attributable to NOVAGOLD. Donlin Gold possesses Proven Reserves of approximately 9 Mt grading 2.29 g/t and Probable Reserves of approximately 495 Mt grading 2.02 g/t, each on a 100% basis, of which approximately 6 Mt of Proven Reserves and approximately 297 Mt of Probable Reserves is attributable to NOVAGOLD. Mineral Reserve and Resources have been estimated in accordance with NI 43-101 and S-K 1300.

Behind the Donlin Gold Project: What Makes Donlin Gold Unique? In today's mining industry, it's rare to find a project that combines scale, grade, jurisdiction, and long-term potential in one asset. 🏆 Approximately 40 million ounces of gold in measured and indicated resources. ⛏️ An average grade of 2.22 g/t gold, making Donlin Gold one of the highest-grade known development-stage open-pit gold deposits. 📍 Located in Alaska, a world-leading mining jurisdiction with a long history of responsible resource development. 📈 A projected 27-year mine life and significant exploration potential. 🤝 Collaboration with Alaska Native Corporation stakeholders and a commitment to responsible development. ✨ Donlin Gold is a rare combination of size, quality, and opportunity—positioning it as one of the most compelling gold development projects in the U.S. #NOVAGOLD #DonlinGold #Gold #GoldMining #Mining #Alaska #ResponsibleMining #ESG #Sustainability #NaturalResources #Investing

⛏️ Did You Know? Before a mining project can move forward, years of detailed work, research, and planning take place behind the scenes. For the Donlin Gold Project, this work includes: 🪨 Drill programs to collect rock samples from below the surface and help geologists understand the size, shape, and characteristics of the deposit 🔬 Laboratory analysis to examine drill core samples and determine mineral content, gold grades, and geological characteristics 🗺️ Geological studies to understand how the deposit formed and how mineralization is distributed ⚙️ Metallurgical studies to evaluate how gold can be responsibly recovered from the ore 🏗️ Engineering studies to evaluate mine design, infrastructure, power, transportation, and project planning 🌿 Environmental studies to understand ecosystems, establish baseline conditions, and support responsible development planning 💧 Water studies and monitoring to evaluate surface water, groundwater, and aquatic environments 🦅 Wildlife and habitat studies to better understand local species and seasonal patterns 🌎 Geotechnical and geochemical studies to understand rock stability and site conditions 📜 Federal and State permitting to ensure the project meets regulatory requirements for environmental protection, safety, and responsible development 🤝 Community engagement, including collaboration with the Alaska Native Landowners – Calista Corporation and The Kuskokwim Corporation (TKC) to incorporate local knowledge, priorities, and cultural values 📊 Economic and technical evaluations to assess project viability and support informed decision-making Each sample collected, study completed, and data point analyzed helps build a more complete understanding of the Donlin Gold Project. Responsible resource development begins long before construction—with science, collaboration, and careful planning. #DidYouKnow #BehindTheProject #DonlinGold #ResponsibleMining #Geology #MineralExploration #Sustainability #Engineering #CommunityEngagement #Mining #NOVAGOLD

Happy Independence Day from NOVAGOLD! 🎆 Today, we honor the strength, vision, and collaborative spirit that define the United States — home to our Donlin Gold project in Alaska and to the remarkable teams and communities who help drive our shared progress. Wishing everyone a safe and enjoyable July 4. ❤️🤍💙 #IndependenceDay #July4 #NOVAGOLD #USA #Leadership #Donlin Gold

Happy Canada Day from NOVAGOLD!✨ Today we celebrate the resilience, innovation, and spirit that define Canada and the people who help drive our success. Wishing everyone a safe, meaningful, and proud Canada Day. ❤️🤍 #CanadaDay #NOVAGOLD #ProudlyCanadian #July1

🚀 NOVAGOLD Releases Second Quarter 2026 Results Proud to share continued momentum at the Donlin Gold project — advancing up the value chain toward building America’s largest gold mine. ✨ Quarter Highlights: • 🛠️ BFS engineering integration advancing with Fluor, WSP, Worley & Hatch driving key technical workstreams • 💰 Strong treasury: $370.2M in cash & term deposits • 📈 $22.7M in operational cash expenditures supporting project advancement • 🔧 Increased activity reflects intensified engineering work and NOVAGOLD’s 60% share of Donlin Gold funding Read the full report & news release here: 🔗 https://lnkd.in/gDntHUz4 #NOVAGOLD #DonlinGold #Mining #Gold #Alaska #NaturalResources #Results #Sustainability #MiningNews

Reminder: NovaGold will release its 2026 Second Quarter Financial Results on June 24, 2026. A conference call and webcast will begin at 8:00 am PT (11:00 am ET) to review the results and provide updates. Join the live webcast: https://lnkd.in/gXqx5UbB Dial‑in options: • North America: 1‑833‑752‑3655 • International: 1‑647‑846‑8520 Questions may be submitted in advance.