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T.NG
  • A total of 275,809,182 or 82.41% of the Company&s issued and outstanding shares were represented at the Meeting
  • All three proposals to shareholders were approved, including the election of all director nominees
  • During the 2025 proxy season, NOVAGOLD placed outreach calls to shareholders holding approximately 89.92% of the Company&s issued and outstanding common shares entitled to vote

VANCOUVER, British Columbia, May 20, 2025 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (“NOVAGOLD& or the “Company&) (NYSE American, TSX: NG) is pleased to announce the detailed voting results on the items of business considered at its Annual General Meeting of Shareholders held on May 15, 2025 (the “Meeting&). All proposals were approved and all director nominees were elected. A total of 275,809,182 or 82.41% of the Company&s issued and outstanding shares were represented at the Meeting.

Shareholder Engagement

During this year&s proxy outreach, NOVAGOLD placed calls to shareholders owning 50,000-plus shares who collectively hold approximately 89.92% of the Company&s issued and outstanding common shares entitled to vote at the Meeting. Year-over-year the input received from shareholders has helped shape and improve the Company&s governance and compensation practices.

Shareholder Voting Results

The shareholders voted on the following matters at this year&s Meeting:

Proposal 1 – Election of Directors

The nominees listed in NOVAGOLD&s Management Information Circular were elected as Directors of the Company. Detailed results of the votes are set out below:

Proposal 1 Outcome of the
Vote
Votes by Ballot
Election of Directors Votes For Votes Withheld
Dr. Elaine Dorward-King Carried 239,986,738
(93.96%)
15,404,215
(6.03%)
Dr. Diane Garrett Carried 254,240,686
(99.54%)
1,150,267
(0.45%)
Dr. Thomas Kaplan Carried 253,729,241
(99.34%)
1,661,712
(0.65%)
Hume Kyle Carried 253,542,768
(99.27%)
1,848,185
(0.72%)
Gregory Lang Carried 254,727,047
(99.74%)
663,906
(0.25%)
Kalidas Madhavpeddi Carried 217,206,485
85.04%
38,184,468
(14.95%)
Kevin McArthur Carried 251,050,731
(98.30%)
4,340,222
(1.69%)
Daniel Muñiz-Quintanilla Carried 240,152,210
(94.03%)
15,238,743
(5.96%)
Ethan Schutt Carried 254,459,505
(99.63%)
931,448
(0.36%)
Dawn Whitaker Carried 250,162,356
(97.95%)
5,228,597
(2.04%)


Proposal 2 – Appointment of Auditors

The vote was carried for the Appointment of the Auditors, PricewaterhouseCoopers LLP. The votes received by ballot were as follows:

Votes For 270,813,418 98.18%
Votes Withheld 4,995,764 1.81%


Proposal 3 – Advisory Approval of Executive Compensation (“Say-on-Pay&)

The vote was carried on the Say-On-Pay Advisory Vote. The votes received by ballot were as follows:

Votes For 180,443,860 70.65%
Votes Against 73,007,164 28.58%
Abstentions 1,939,929 0.75%


Full details of all proposals are fully described in the Company&s Management Information Circular dated March 24, 2025 available on the Company&s website at www.novagold.com/investors/mic/, on SEDAR+ at www.sedarplus.ca, and on EDGAR at www.sec.gov, and the detailed results of voting on each proposal are included in the Report of Voting Results filed on SEDAR+ and in the 8-K filed on EDGAR.

The Annual General Meeting of Shareholders webcast and corporate presentation are available on NOVAGOLD&s website under Presentations.

NOVAGOLD Contacts:
Mélanie Hennessey
Vice President, Corporate Communications

Frank Gagnon
Manager, Investor Relations

1-604-669-6227 or 1-866-669-6227


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