Mr. Greg Lang reports

NOVAGOLD RELEASES 2025 SUSTAINABILITY REPORT

Novagold Resources Inc. has published its 2025 sustainability report, which provides an overview of the company's performance in the areas of environmental responsibility, health and safety, social engagement, and corporate governance in alignment with the recommendations of the TCFD, the TNFD and GRI standards.

"Our vision is to create a lasting positive impact, while strengthening partnerships and safeguarding the environment for future generations," said Greg Lang, Novagold's president and chief executive officer. "At Novagold, our ESG practices continue to evolve as we advance the responsible development of Donlin gold and deepen our commitment to the people of the Yukon-Kuskokwim region. We prioritize close collaboration with local communities, drawing on their knowledge and perspectives to minimize environmental impacts, support sustainable economic opportunities, and guide responsible project advancement."

Highlights of Novagold's 2025 sustainability report

As a development-stage mining company primarily focused on the Donlin gold project, the company adopts a long-term approach to developing, implementing and reporting its sustainability practices. Its efforts centre on collaboration with key stakeholders to protect the environment and invest in the local communities and businesses of southwestern Alaska.

At Novagold, its business is grounded in the belief that strong ESG performance is fundamental to long-term success. Integrating ESG principles into how it operates supports the achievement of its strategic objectives, fosters enduring value for local communities and aligns with the financial expectations of its shareholders as it responsibly advances its business.

The 2025 sustainability report is available on Novagold's website.

About Novagold Resources Inc.

Novagold is a well-financed precious metal company focused on the development of the Donlin gold project in Alaska, one of the safest mining jurisdictions in the world. With approximately 40 million ounces of gold in the measured and indicated mineral resource categories (560 million tonnes at an average grade of approximately 2.22 grams per tonne in the measured and indicated mineral resource categories on a 100-per-cent basis), inclusive of proven and probable mineral reserves, the Donlin gold project is regarded to be one of the largest, highest-grade and most prospective known open-pit gold deposits in the world. According to the 2025 technical report and the 2025 technical report summary, the Donlin gold project is expected to produce an average of more than one million ounces per year over a 27-year mine life on a 100-per-cent basis once in production.

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