NOVAGOLD and Paulson advance Donlin Gold; BFS contractor selection expected Q4 2025

NOVAGOLD RESOURCES INC

Contract awarded to prepare RFP for updated Bankable Feasibility Study; expects to select top engineering firm(s) by Q4 2025.
15,000-meter drill program completed; additional 3,000 meters geotechnical drilling approved for access road and pit.
Constructive discussions with natural gas pipeline developers exploring delivery to Southcentral Alaska beneficial for Donlin Gold.
Hiring priorities identified; multiple executive search firms engaged to fill critical roles for project advancement.
Paulson site visit included meetings with Calista, TKC, Governor Dunleavy, and local stakeholders to build momentum.

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