Dr. Thomas Kaplan reports

NOVAGOLD ANNOUNCES DATE OF ITS 2026 VIRTUAL ANNUAL GENERAL MEETING OF SHAREHOLDERS

Novagold Resources Inc. will hold the company's 2026 annual general meeting of shareholders on May 14, 2026, at 1 p.m. PDT (4 p.m. EDT). On this occasion, shareholders will be asked to elect directors for the ensuing year, appoint the external auditor and authorize the board, through the audit committee, to set its remuneration, and consider several ordinary resolutions relating to the company's equity-based compensation plans, along with advisory votes on executive compensation and the frequency of future advisory votes. Following the meeting, chairman Dr. Thomas S. Kaplan will share his views on gold and the broader investment thesis. President and chief executive officer Greg Lang will provide an overview and update of Novagold's 2025 achievements and key catalysts expected in 2026.

Novagold virtual meeting and shareholder participation

The meeting will be held virtually only. Shareholders may cast their vote in advance by proxy and participate from any geographic location. The company believes holding the meeting virtually will enhance shareholder accessibility and help reduce the carbon footprint of the company's activities. Please refer to Novagold's management information circular dated March 24, 2026, for detailed instructions on voting.

Shareholders may view a live webcast of the meeting, and registered shareholders, as well as duly appointed proxyholders, may submit questions digitally during the meeting.

Questions may also be submitted to management and to the board of directors prior to the meeting via e-mail at info@novagold.com. Shareholders are encouraged to log in to the meeting 15 minutes prior to the scheduled start time. Please be sure to have the 16-digit control number from your voting materials available when logging in to the meeting.

Shareholders may contact Kingsdale Advisors, the company's strategic adviser, by telephone at 1-866-228-8818 (toll-free in North America) or 1-416-623-2514 (text and call enabled outside North America), or by e-mail at contactus@kingsdaleadvisors.com. More information about the meeting can be obtained by visiting the company's website.

Novagold's management information circular dated March 24, 2026, and annual report to accompany the management information circular are available on the company's website, on SEDAR+ and on EDGAR.