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Novagold Resources Inc – ‘40FR12G’ on 10/29/03 – ‘EX-99.43’

On:  Wednesday, 10/29/03, at 5:20pm ET   ·   Accession #:  1062993-3-1067   ·   File #:  0-50443

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

10/29/03  Novagold Resources Inc            40FR12G               91:19M                                    Newsfile Corp/FA

Registration of Securities of a Canadian Issuer — SEA’34 §12(g)   —   Form 40-F
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 40FR12G     Registration Statement Pursuant to Section 12 of    HTML     79K 
                          the Securities Exchange Act of 1934                    
 2: EX-99.1     Revised Initial Annual Information Form of the      HTML    228K 
                          Registrant Dated July 22, 2003                         
11: EX-99.10    Quarterly Report of the Registrant for the Six      HTML    137K 
                          Months Ended May 31, 2002                              
12: EX-99.11    Quarterly Report of the Registrant for the Three    HTML    139K 
                          Months Ended February 28, 2002                         
13: EX-99.12    Management Information Circular of the Registrant   HTML    101K 
                          Dated April 14, 2003                                   
14: EX-99.13    Form of Proxy for Use in Connection With the May    HTML     35K 
                          28, 2003 Annual and Special Meeting                    
15: EX-99.14    Management Information Circular of the Registrant   HTML     98K 
                          Dated April 15, 2002                                   
16: EX-99.15    Form of Proxy for Use in Connection With the May    HTML     33K 
                          22, 2002 Annual and Special Meeting                    
17: EX-99.16    Final Short Form Prospectus Dated September 25,     HTML    159K 
                          2003                                                   
18: EX-99.17    Underwriting Agreement Dated September 15, 2003     HTML    221K 
19: EX-99.18    Warrant Indenture Dated October 1, 2003             HTML    309K 
20: EX-99.19    Report Dated August 13, 2003, as Amended September  HTML    619K 
                          22, 2003                                               
 3: EX-99.2     Annual Information Form of the Registrant Dated     HTML    422K 
                          April 17, 2002                                         
21: EX-99.20    Qualifying Certificate of Ken Kuchling Dated        HTML     30K 
                          September 22, 2003                                     
22: EX-99.21    Report Dated April 16, 2002                         HTML    161K 
23: EX-99.22    Qualifying Certificate of Curtis J. Freeman Dated   HTML     29K 
                          April 16, 2002                                         
24: EX-99.23    Report Dated April 15, 2002                         HTML     88K 
25: EX-99.24    Qualifying Certificate of Curtis J. Freeman Dated   HTML     29K 
                          April 15, 2002                                         
26: EX-99.25    Report Dated April 1, 2002                          HTML    109K 
27: EX-99.26    Qualifying Certificate of Curtis J. Freeman Dated   HTML     29K 
                          April 1, 2002                                          
28: EX-99.27    Report Dated March 2002                             HTML    600K 
29: EX-99.28    Qualifying Certificate of Stephen B. Hodgson Dated  HTML     27K 
                          March 8, 2002                                          
30: EX-99.29    Qualifying Certificate of Stephen Juras Dated       HTML     28K 
                          March 8, 2002                                          
 4: EX-99.3     Annual Report of the Registrant for the Year Ended  HTML    281K 
                          November 30, 2002                                      
31: EX-99.30    Report Dated February 2002                          HTML    264K 
32: EX-99.30.A  Appendix A of Report Dated February 2002            HTML     26K 
33: EX-99.30.B  Appendix B of Report Dated February 2002            HTML   1.29M 
34: EX-99.30.C  Appendix C of Report Dated February 2002            HTML     60K 
35: EX-99.30.D  Appendix D of Report Dated February 2002            HTML     25K 
36: EX-99.31    Qualifying Certificate of Stephen Juras Dated       HTML     28K 
                          February 25, 2002                                      
37: EX-99.32    Material Change Report of the Registrant Dated      HTML     33K 
                          October 24, 2003                                       
38: EX-99.33    Press Release Dated October 23, 2003                HTML     31K 
39: EX-99.34    Material Change Report of the Registrant Dated      HTML     36K 
                          October 16, 2003                                       
40: EX-99.35    Material Change Report of the Registrant Dated      HTML     48K 
                          October 10, 2003                                       
41: EX-99.36    Material Change Report of the Registrant Dated      HTML     36K 
                          October 2, 2003                                        
42: EX-99.37    Material Change Report of the Registrant Dated      HTML     36K 
                          September 12, 2003                                     
43: EX-99.38    Material Change Report of the Registrant Dated      HTML     46K 
                          August 13, 2003                                        
44: EX-99.39    Material Change Report of the Registrant Dated      HTML     45K 
                          August 11, 2003                                        
 5: EX-99.4     Annual Report of the Registrant for the Year Ended  HTML    294K 
                          November 30, 2001                                      
45: EX-99.40    Material Change Report of the Registrant Dated      HTML     63K 
                          August 7, 2003                                         
46: EX-99.41    Material Change Report of the Registrant Dated      HTML     39K 
                          July 30, 2003                                          
47: EX-99.42    Material Change Report of the Registrant Dated      HTML     42K 
                          July 3, 2003                                           
48: EX-99.43    Material Change Report of the Registrant Dated      HTML     59K 
                          June 4, 2003                                           
49: EX-99.44    Material Change Report of the Registrant Dated May  HTML     34K 
                          1, 2003                                                
50: EX-99.45    Material Change Report of the Registrant Dated      HTML     46K 
                          April 28, 2003                                         
51: EX-99.46    Material Change Report of the Registrant Dated      HTML     47K 
                          April 9, 2003                                          
52: EX-99.47    Press Release of the Registrant Dated February 25,  HTML     30K 
                          2003                                                   
53: EX-99.48    Material Change Report of the Registrant Dated      HTML     44K 
                          February 11, 2003                                      
54: EX-99.49    Material Change Report of the Registrant Dated      HTML     70K 
                          February 6, 2003                                       
 6: EX-99.5     U.S. Gaap Reconciliation Which Includes Audited     HTML    279K 
                          Comparative Financial Statements                       
55: EX-99.50    Material Change Report of the Registrant Dated      HTML     92K 
                          January 30, 2003                                       
56: EX-99.51    Material Change Report of the Registrant Dated      HTML     37K 
                          December 30, 2002                                      
57: EX-99.52    Material Change Report of the Registrant Dated      HTML     72K 
                          December 11, 2002                                      
58: EX-99.53    Material Change Report of the Registrant Dated      HTML     55K 
                          November 26, 2002                                      
59: EX-99.54    Material Change Report of the Registrant Dated      HTML     65K 
                          November 14, 2002                                      
60: EX-99.55    Material Change Report of the Registrant Dated      HTML     70K 
                          October 3, 2002                                        
61: EX-99.56    Material Change Report of the Registrant Dated      HTML     37K 
                          September 19, 2002                                     
62: EX-99.57    Material Change Report of the Registrant Dated      HTML     54K 
                          September 13, 2002                                     
63: EX-99.58    Press Release of the Registrant Dated September 9,  HTML     28K 
                          2002                                                   
64: EX-99.59    Material Change Report of the Registrant Dated      HTML     35K 
                          September 5, 2002                                      
 7: EX-99.6     U.S. Gaap Supplement to Management Discussion and   HTML     42K 
                          Analysis                                               
65: EX-99.60    Material Change Report of the Registrant Dated      HTML     80K 
                          September 4, 2002                                      
66: EX-99.61    Material Change Report of the Registrant Dated      HTML     51K 
                          August 7, 2002                                         
67: EX-99.62    Material Change Report of the Registrant Dated      HTML     74K 
                          July 16, 2002                                          
68: EX-99.63    Material Change Report of the Registrant Dated      HTML     57K 
                          June 5, 2002                                           
69: EX-99.64    Material Change Report of the Registrant Dated May  HTML     76K 
                          22, 2002                                               
70: EX-99.65    Material Change Report of the Registrant Dated      HTML     43K 
                          April 30, 2002                                         
71: EX-99.66    Material Change Report of the Registrant Dated      HTML     42K 
                          April 18, 2002                                         
72: EX-99.67    Material Change Report of the Registrant Dated      HTML     37K 
                          March 26, 2002                                         
73: EX-99.68    Material Change Report of the Registrant Dated      HTML     78K 
                          March 15, 2002                                         
74: EX-99.69    Material Change Report of the Registrant Dated      HTML     56K 
                          February 18, 2002                                      
 8: EX-99.7     Quarterly Report of the Registrant for the Six      HTML    110K 
                          Months Ended May 31, 2003                              
75: EX-99.70    Material Change Report of the Registrant Dated      HTML     55K 
                          January 24, 2002                                       
76: EX-99.71    Consent of Pricewaterhousecoopers LLP               HTML     25K 
77: EX-99.72    Consent of Ken Kuchling                             HTML     26K 
78: EX-99.73    Consent of Curtis J. Freeman                        HTML     28K 
79: EX-99.74    Consent of Stephen B. Hodgson                       HTML     27K 
80: EX-99.75    Consent of Stephen Juras                            HTML     28K 
81: EX-99.76    Consent of Phillip St. George                       HTML     29K 
82: EX-99.77    Consent of Harry Parker                             HTML     27K 
83: EX-99.78    Consent of Norm Johnson                             HTML     27K 
84: EX-99.79    Consent of Norwest Corporation                      HTML     27K 
 9: EX-99.8     Quarterly Report of the Registrant for the Three    HTML    121K 
                          Months Ended February 28, 2003                         
85: EX-99.80    Consent of Avalon Development Corporation           HTML     27K 
86: EX-99.81    Consent of Amec E&C Services Limited                HTML     30K 
87: EX-99.82    Consent of Kennecott Exploration Company            HTML     26K 
88: EX-99.83    Consent of Newmont Mining Corporation               HTML     27K 
89: EX-99.84    Consent of Placer Dome Inc.                         HTML     27K 
90: EX-99.85    Consent of Mark Jutras                              HTML     27K 
91: EX-99.86    Consent of Robert Prevost                           HTML     27K 
10: EX-99.9     Quarterly Report of the Registrant for the Nine     HTML    148K 
                          Months Ended August 31, 2002                           


EX-99.43   —   Material Change Report of the Registrant Dated June 4, 2003


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 <! 
  Filed by Automated Filing Services Inc. (604) 609-0244  

FORM 27
MATERIAL CHANGE REPORT

     SECTION 75(2) OF SECURITIES ACT (ONTARIO),
SECTION 84(1)(b) OF THE SECURITIES ACT (SASKATCHEWAN),
SECTION 118(1) OF SECURITIES ACT (ALBERTA),
SECTION 67(1) OF SECURITIES ACT (BRITISH COLUMBIA),
SECTION 81(2) OF THE SECURITIES ACT (NOVA SCOTIA),
SECTION 76(2) OF SECURITIES ACT (NEWFOUNDLAND).

Item One - Reporting Issuer

NovaGold Resources Inc.
Suite 405, 625 Howe Street
Vancouver BC V6C 2T6

Item Two - Date of Material Change

June 4, 2003

Item Three - Press Release

The attached press release was issued in Vancouver, British Columbia.

Item Four - Summary of Material Change

Highlights

Item Five - Full Description of Material Change

Highlights


2

Independent Engineering Work Underway, Excellent First Stage Drill Results Received

Norwest Corporation and AMEC E&C Services Ltd, both engineering services companies, are on-track to complete an independent Economic Assessment Study and updated resource estimate for the Rock Creek Project by mid-Summer 2003.

Two diamond core drills were mobilized to the Rock Creek Project in early April and the first phase of feasibility drilling was completed as part of a total planned 9,000-meter drill campaign. The first phase program was a total of 1482 meters in 12 HQ diamond core holes. The second phase drill program will start in late June and is anticipated to be complete in the fall of 2003. The drill program is designed to increase the in-fill drill definition to a level sufficient for a Feasibility Study and production decision in 2004.

Highlights of assay results from the first phase drilling using a 1 g/t cut-off grade average a width of 8 meters grading 3 g/t gold. This supports previous results and matches the average grade of the deposit. Visible gold was noted in five of the twelve first phase drill holes. A table entitled "Rock Creek First Development Phase Drill Results" was included in the press release.

The Rock Creek Project is located seven miles by road from the city of Nome, Alaska. The district has historically produced more than 4 million ounces of gold from the nearby alluvial deposits. The million-plus-ounce Rock Creek deposit is exposed at surface and is amenable to open-pit mining with a low strip ratio. At current gold prices management believes that the project could be rapidly moved to a production decision in 2004, providing near term gold production of an estimated 100,000 ounces of gold per year to NovaGold prior to the Donlin Creek deposit coming on-stream.

Metallurgical test-work at Rock Creek has shown it to have favorable metallurgy with over 92% recovery using conventional cyanidation with an average of 67% of the gold recovered using a coarse -65 mesh grind and inexpensive gravity methods. Additional metallurgical test work is in progress as part of the on-going Independent Economic Assessment Study anticipated in midsummer 2003.

Mine engineering work has been initiated at Rock Creek for tailings impoundment and site facilities. Environmental baseline studies for mine permitting have also been initiated as part of the permitting process. The Alaska legislature has approved funds for upgrading the Glacier Creek road from Nome that accesses the Rock Creek deposit. Design work on the road project is anticipated to begin this summer.

The Rock Creek deposit remains open along strike and down dip and there is potential to significantly increase the gold resource with further drilling. Highly anomalous gold in surface samples extend from the areas of known gold mineralization for over a kilometer and additional


3

targets occur along a 10-kilometer trend.

This drill program, sampling protocol and news release were completed with oversight by qualified person Phil St. George, Vice President of Exploration and Project Manager for NovaGold Resources. Database quality control and quality assurance standards were overseen by the independent engineering firm AMEC E&C Services Limited of Vancouver. All drill samples were analyzed by fire assay at ALS Chemex Labs in Vancouver, B.C., Canada.

Donlin Creek Development Team in Place, Pre-Feasibility in Progress

The Donlin Creek Pre-Feasibility Study is in progress and is anticipated to be completed in the fourth quarter of 2003. Placer Dome’s project development team is in place and engineering studies are in progress to look at detailed geotechnical design, mine layout and metallurgy. Placer Dome is looking at several innovative approaches to processing lower grade sulfide ores at Donlin which would reduce costs and further improve the economics of the project. Studies currently underway include using a process called Geobiotics or Heap-oxidation that Placer Dome has been developing and refining at some of its other operations. With this technology, the naturally occurring sulfide oxidation process is accelerated using bacterial oxidation and the gold thereby liberated from the sulfides. The oxidized material is then processed by using a conventional CIL extraction plant. This approach has the potential to dramatically reduce overall processing and capital costs as well as reducing potentially the cut-off grade of material classified as resource. Independent testwork on bio-oxidation demonstrates that the Donlin ores are very responsive to bacterial oxidation requiring only 20%-30% oxidation to liberate more than 90% of the contained gold.

The State of Alaska has allocated US$5 million to upgrade the Donlin access road to the Kuskokwim River with design work beginning this year. The Joint Venture also continues to work closely with its partners the Calista Native Corporation and the Kuskokwim Native Corporation along with the State of Alaska and US Federal Government to pursue expansion of the regional power infrastructure concurrent with the development of the Donlin Creek Project.

NovaGold will continue to regularly report on the development progress at Donlin Creek as the joint venture advances the project through feasibility and to a production decision.

NovaGold Adds to Management Team, New Director Elected

The Company is also pleased to announce the recent election of the Board of Directors of the Company and the addition of new members to the NovaGold Management Team to continue the company’s rapid growth.

At the Company’s recent Annual General Meeting the following Directors were elected: George Brack, Gerald McConnell, Cole McFarland, Clynton Nauman, Jim Phillip and Rick Van Nieuwenhuyse. The Board of Directors of NovaGold wishes to thank Mr. Pierre Besuchet, who recently retired as a director, for his years of valuable service to the Company.

Mr. Phil St. George has stepped down as Vice President of Exploration to become President and


4

CEO of Holitna Energy Corporation, a company focused on developing natural gas and subsequent electricity for the Donlin Creek Gold Project and the Kuskokwim Region. Management wishes to thank Mr. St. George for his years of valuable contribution to the Company and looks forward to working closely with Holitna Energy Corporation to develop a cost effective local energy supply for the Donlin Creek Gold Project.

The Board of Directors has appointed Mr. Joe Piekenbrock as Vice President of Exploration for NovaGold. Mr. Piekenbrock has been a key member of the Donlin Creek exploration team for NovaGold during 2002 and 2003 and brings with him over 25 years experience in the minerals exploration and development sector. He has managed exploration from grassroots discovery through advanced acquisitions most recently in South America for Placer Dome and Brett Resources. In addition, he brings a wealth of northern experience through years of exploration for both Cominco and Placer Dome in Alaska. Mr. Piekenbrock holds a Bachelor of Arts Degree in Geology from the University of Colorado, and a Master of Science degree in geology from the University of Arizona.

NovaGold is a precious metals company focused on the exploration and development of gold properties in North America. NovaGold is well financed, has no debt, and one of the largest unhedged gold resource bases of any junior gold company. Shares of NovaGold are listed on the Toronto Stock Exchange (symbol NRI). Annual and quarterly financial reports, news releases and other information are available online at: www.novagold.net.

Item Six - Reasons for Confidential Filing

Not Applicable.

Item Seven - Omitted Information

Not Applicable.

Item Eight - Senior Officer

Janice A. Stairs, Corporate Secretary, (902) 492-2013

Item Nine - Statement of Senior Officer

"The foregoing accurately discloses the material change referred to herein."

Executed this 5th day of June, 2003 at Halifax, Nova Scotia by Janice A. Stairs, Corporate Secretary.





     News Release Toronto Stock Exchange: NRI

1.4 Ounce Intercept of 6.6 feet in Rock Creek Development Drilling

June 4, 2003, Vancouver – NovaGold Resources Inc.

Highlights

Independent Engineering Work Underway, Excellent First Stage Drill Results Received

Norwest Corporation and AMEC E&C Services Ltd, both engineering services companies, are on-track to complete an independent Economic Assessment Study and updated resource estimate for the Rock Creek Project by mid-Summer 2003.

Two diamond core drills were mobilized to the Rock Creek Project in early April and the first phase of feasibility drilling was completed as part of a total planned 9,000-meter drill campaign. The first phase program was a total of 1482 meters in 12 HQ diamond core holes. The second phase drill program will start in late June and is anticipated to be complete in the fall of 2003. The drill program is designed to increase the in-fill drill definition to a level sufficient for a Feasibility Study and production decision in 2004.

Highlights of assay results from the first phase drilling using a 1 g/t cut-off grade average a width of 8 meters grading 3 g/t gold. This supports previous results and matches the average grade of the deposit. Visible gold was noted in five of the twelve first phase drill holes.

Table of Rock Creek First Development Phase Drill Results    
      Length   Gold   Length   Gold   Type
         DHID Interval (m)   (m)   (g/t)   (ft)   (oz/t)    
RKDC03-118 44.0 to 50.0   6.0   3.4   19.7   0.10   HQ core
RKDC03-119 25.0 to 29.0   4.0   2.2   13.1   0.06   HQ core
RKDC03-120 44.0 to 50.0   6.0   1.4   19.7   0.04   HQ core
And 74.0 to 82.0   6.0   1.9   19.7   0.06    
And 140.0 to 146.0   6.0   1.8   19.7   0.05    
RKDC03-122 54.0 to 58.0   4.0   2.2   13.1   0.06   HQ core
RKDC03-123 20.0 to 24.0   4.0   1.6   13.1   0.05   HQ core
RKDC03-124 9.0 to 13.0   4.0   2.0   13.1   0.06   HQ core
And 21.0 to 29.0   8.0   1.4   26.2   0.04    
And 41.0 to 45.0   4.0   1.4   13.1   0.04    
And 101.0 to 125.0   24.0   2.7   78.7   0.08    
RKDC03-126 0.0 to 15.0   15.0   1.9   49.2   0.06   HQ core
And 33.0 to 37.0   4.0   3.0   13.1   0.09    
And 79.0 to 99.0   20.0   3.4   65.6   0.10    
RKDC03-129 51.0 to 61.0   10.0   10.3   32.8   0.30   HQ core
Including 57.0 to 59.0   2.0   46.6   6.6   1.36    
And 89.0 to 97.0   8.0   3.0   26.2   0.09    


The Rock Creek Project is located seven miles by road from the city of Nome, Alaska. The district has historically produced more than 4 million ounces of gold from the nearby alluvial deposits. The million-plus-ounce Rock Creek deposit is exposed at surface and is amenable to open-pit mining with a low strip ratio. At current gold prices management believes that the project could be rapidly moved to a production decision in 2004, providing near term gold production of an estimated 100,000 ounces of gold per year to NovaGold prior to the Donlin Creek deposit coming on-stream.

Metallurgical test-work at Rock Creek has shown it to have favorable metallurgy with over 92% recovery using conventional cyanidation with an average of 67% of the gold recovered using a coarse -65 mesh grind and inexpensive gravity methods. Additional metallurgical test work is in progress as part of the on-going Independent Economic Assessment Study anticipated in midsummer 2003.

Mine engineering work has been initiated at Rock Creek for tailings impoundment and site facilities. Environmental baseline studies for mine permitting have also been initiated as part of the permitting process. The Alaska legislature has approved funds for upgrading the Glacier Creek road from Nome that accesses the Rock Creek deposit. Design work on the road project is anticipated to begin this summer.

The Rock Creek deposit remains open along strike and down dip and there is potential to significantly increase the gold resource with further drilling. Highly anomalous gold in surface samples extend from the areas of known gold mineralization for over a kilometer and additional targets occur along a 10-kilometer trend.

This drill program, sampling protocol and news release were completed with oversight by qualified person Phil St. George, Vice President of Exploration and Project Manager for NovaGold Resources. Database quality control and quality assurance standards were overseen by the independent engineering firm AMEC E&C Services Limited of Vancouver. All drill samples were analyzed by fire assay at ALS Chemex Labs in Vancouver, B.C., Canada.

Donlin Creek Development Team in Place, Pre-Feasibility in Progress

The Donlin Creek Pre-Feasibility Study is in progress and is anticipated to be completed in the fourth quarter of 2003. Placer Dome’s project development team is in place and engineering studies are in progress to look at detailed geotechnical design, mine layout and metallurgy. Placer Dome is looking at several innovative approaches to processing lower grade sulfide ores at Donlin which would reduce costs and further improve the economics of the project. Studies currently underway include using a process called Geobiotics or Heap-oxidation that Placer Dome has been developing and refining at some of its other operations. With this technology, the naturally occurring sulfide oxidation process is accelerated using bacterial oxidation and the gold thereby liberated from the sulfides. The oxidized material is then processed by using a conventional CIL extraction plant. This approach has the potential to dramatically reduce overall processing and capital costs as well as reducing potentially the cut-off grade of material classified as resource. Independent testwork on bio-oxidation demonstrates that the Donlin ores are very responsive to bacterial oxidation requiring only 20%-30% oxidation to liberate more than 90% of the contained gold.

The State of Alaska has allocated US$5 million to upgrade the Donlin access road to the Kuskokwim River with design work beginning this year. The Joint Venture also continues to work closely with its partners the Calista Native Corporation and the Kuskokwim Native Corporation along with the State of Alaska and US Federal Government to pursue expansion of the regional power infrastructure concurrent with the development of the Donlin Creek Project.

NovaGold will continue to regularly report on the development progress at Donlin Creek as the joint venture advances the project through feasibility and to a production decision.


NovaGold Adds to Management Team, New Director Elected

The Company is also pleased to announce the recent election of the Board of Directors of the Company and the addition of new members to the NovaGold Management Team to continue the company’s rapid growth.

At the Company’s recent Annual General Meeting the following Directors were elected: George Brack, Gerald McConnell, Cole McFarland, Clynton Nauman, Jim Phillip and Rick Van Nieuwenhuyse. The Board of Directors of NovaGold wishes to thank Mr. Pierre Besuchet, who recently retired as a director, for his years of valuable service to the Company.

Mr. Phil St. George has stepped down as Vice President of Exploration to become President and CEO of Holitna Energy Corporation, a company focused on developing natural gas and subsequent electricity for the Donlin Creek Gold Project and the Kuskokwim Region. Management wishes to thank Mr. St. George for his years of valuable contribution to the Company and looks forward to working closely with Holitna Energy Corporation to develop a cost effective local energy supply for the Donlin Creek Gold Project.

The Board of Directors has appointed Mr. Joe Piekenbrock as Vice President of Exploration for NovaGold. Mr. Piekenbrock has been a key member of the Donlin Creek exploration team for NovaGold during 2002 and 2003 and brings with him over 25 years experience in the minerals exploration and development sector. He has managed exploration from grassroots discovery through advanced acquisitions most recently in South America for Placer Dome and Brett Resources. In addition, he brings a wealth of northern experience through years of exploration for both Cominco and Placer Dome in Alaska. Mr. Piekenbrock holds a Bachelor of Arts Degree in Geology from the University of Colorado, and a Master of Science degree in geology from the University of Arizona.

About NovaGold

NovaGold is a precious metals company focused on the exploration and development of gold properties in North America. NovaGold with 42.6 million shares outstanding is well financed, has no debt, and one of the largest unhedged gold resource bases of any junior gold company. The shares are listed on the Toronto Stock Exchange (symbol NRI). The Company’s recently released 2002 Annual Report and other information are available online at: www.novagold.net

For more information on NovaGold contact:

Greg Johnson, Vice President, Corporate Development
Phone (360) 766-7102
E-mail: Greg.Johnson@NovaGold.net

Don MacDonald, CA, Sr Vice President & CFO
(604) 669-6227 Toll Free 1-866-669-6227
E-mail: Don.MacDonald@NovaGold.net



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