NOVAGOLD Shareholders Approve Transaction to Consolidate 100% Ownership of Donlin Gold

VANCOUVER, British Columbia, Nov. 04, 2026 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (“NOVAGOLD” or the “Company”) (NYSE American, TSX: NG) is pleased to announce the detailed voting results from the special meeting of shareholders held on November 3, 2026 (the “Meeting”). At the Meeting, shareholders approved (i) a special resolution (the “Arrangement Resolution”) approving an arrangement (the “Arrangement”), relating to the transactions announced on July 22, 2026, pursuant to which, and subject to the satisfaction of certain closing conditions, upon the consummation thereof, NovaGold Corporation, a newly incorporated Delaware corporation (“New NOVAGOLD”), will acquire all of the issued and outstanding common shares of NOVAGOLD by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia), becoming the ultimate parent of NOVAGOLD and its subsidiaries, and will acquire the 40% interest in Donlin Gold LLC (“Donlin Gold”) held by Paulson Advisers LLC and certain of its affiliates (collectively, “Paulson”) through Donlin Gold Holdings LLC (“Donlin Gold Holdings”)1, increasing NOVAGOLD’s ownership from 60% to 100% in its Tier One2 gold development project in Alaska (the “Transactions”), and (ii) all other resolutions described in the management information circular and definitive proxy statement. The completion of the Arrangement is conditioned upon, among other things, the receipt of all regulatory, stock exchange and court approvals and the satisfaction of customary closing conditions. NOVAGOLD remains on track to complete the Transactions in the fourth quarter of 2026.