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NOVAGOLD Announces Election of Directors and Voting Results from 2025 Virtual Annual General Meeting of Shareholders

1. NOVAGOLD approved all proposals at its recent Annual General Meeting. 2. 82.41% of shares were represented, indicating strong shareholder engagement. 3. Directors elected received high approval rates, showing confidence in leadership. 4. Executive compensation advisory vote passed with 70.65% support from shareholders. 5. PricewaterhouseCoopers LLP was appointed as the auditors with 98.18% approval.

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Why Bullish?

The solid shareholder engagement and high approval ratings for directors indicate investor confidence. Strong governance can lead to improved company performance, potentially boosting market sentiment.

How important is it?

The article highlights recent corporate governance developments that suggest stability and potential for future growth, important for investor confidence.

Why Short Term?

The immediate approval of directors and auditors typically affects stock prices shortly after announcements due to market reactions to governance and stability.

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GOLDSLVGDXNUGTDUST
May 20, 2025 17:05 ET  | Source: NOVAGOLD RESOURCES INC. A total of 275,809,182 or 82.41% of the Company’s issued and outstanding shares were represented at the MeetingAll three proposals to shareholders were approved, including the election of all director nomineesDuring the 2025 proxy season, NOVAGOLD placed outreach calls to shareholders holding approximately 89.92% of the Company’s issued and outstanding common shares entitled to vote VANCOUVER, British Columbia, May 20, 2025 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (“NOVAGOLD” or the “Company”) (NYSE American, TSX: NG) is pleased to announce the detailed voting results on the items of business considered at its Annual General Meeting of Shareholders held on May 15, 2025 (the “Meeting”). All proposals were approved and all director nominees were elected. A total of 275,809,182 or 82.41% of the Company’s issued and outstanding shares were represented at the Meeting. Shareholder Engagement During this year’s proxy outreach, NOVAGOLD placed calls to shareholders owning 50,000-plus shares who collectively hold approximately 89.92% of the Company’s issued and outstanding common shares entitled to vote at the Meeting. Year-over-year the input received from shareholders has helped shape and improve the Company’s governance and compensation practices. Shareholder Voting Results The shareholders voted on the following matters at this year’s Meeting: Proposal 1 – Election of Directors The nominees listed in NOVAGOLD’s Management Information Circular were elected as Directors of the Company. Detailed results of the votes are set out below: Proposal 1Outcome of theVoteVotes by BallotElection of Directors Votes ForVotes WithheldDr. Elaine Dorward-KingCarried239,986,738(93.96%)15,404,215(6.03%)Dr. Diane GarrettCarried254,240,686 (99.54%)1,150,267 (0.45%)Dr. Thomas KaplanCarried253,729,241 (99.34%)1,661,712 (0.65%)Hume KyleCarried253,542,768 (99.27%)1,848,185 (0.72%)Gregory LangCarried254,727,047 (99.74%)663,906 (0.25%)Kalidas MadhavpeddiCarried217,206,485 85.04%38,184,468 (14.95%)Kevin McArthurCarried251,050,731 (98.30%)4,340,222 (1.69%)Daniel Muñiz-QuintanillaCarried240,152,210 (94.03%)15,238,743 (5.96%)Ethan SchuttCarried254,459,505 (99.63%)931,448 (0.36%)Dawn WhitakerCarried250,162,356(97.95%)5,228,597(2.04%) Proposal 2 – Appointment of Auditors The vote was carried for the Appointment of the Auditors, PricewaterhouseCoopers LLP. The votes received by ballot were as follows: Votes For270,813,41898.18%Votes Withheld4,995,7641.81% Proposal 3 – Advisory Approval of Executive Compensation (“Say-on-Pay”) The vote was carried on the Say-On-Pay Advisory Vote. The votes received by ballot were as follows: Votes For180,443,86070.65%Votes Against73,007,16428.58%Abstentions1,939,9290.75% Full details of all proposals are fully described in the Company’s Management Information Circular dated March 24, 2025 available on the Company’s website at www.novagold.com/investors/mic/, on SEDAR+ at www.sedarplus.ca, and on EDGAR at www.sec.gov, and the detailed results of voting on each proposal are included in the Report of Voting Results filed on SEDAR+ and in the 8-K filed on EDGAR. The Annual General Meeting of Shareholders webcast and corporate presentation are available on NOVAGOLD’s website under Presentations. NOVAGOLD Contacts:Mélanie HennesseyVice President, Corporate Communications Frank GagnonManager, Investor Relations 1-604-669-6227 or 1-866-669-6227

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