Corporate Presentation Resources Inc. AMEX, TSX: NG November 2005 - PDF document

Corporate Presentation Resources Inc. AMEX, TSX: NG November 2005

Forward- -Looking Statements Looking Statements Forward This presentation includes certain “ “Forward Forward- -Looking Statements Looking Statements” ” This presentation includes certain within the meaning of section 21E of the United States Securities s within the meaning of section 21E of the United States Securitie Exchange Act of 1934, as amended. All statements, other than Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including without t statements of historical fact, included herein, including withou limitation, statements regarding potential mineralization and limitation, statements regarding potential mineralization and resources, exploration results and future plans and objectives of f resources, exploration results and future plans and objectives o NovaGold Resources Inc., are forward- NovaGold Resources Inc., are forward -looking statements that looking statements that involve various risks and uncertainties. There can be no involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and assurance that such statements will prove to be accurate and actual results and future events could differ materially from actual results and future events could differ materially from those anticipated in such statements. Important factors that those anticipated in such statements. Important factors that could cause actual results to differ materially from NovaGold could cause actual results to differ materially from NovaGold expectations are disclosed under the heading “ “Risk Factors Risk Factors” ” and and expectations are disclosed under the heading elsewhere in NovaGold documents filed from time to time with elsewhere in NovaGold documents filed from time to time with the Toronto Stock Exchange, The United States Securities and the Toronto Stock Exchange, The United States Securities and Exchange Commission and other regulatory authorities. Exchange Commission and other regulatory authorities.

NovaGold: The Growth Opportunity in Gold & Copper NovaGold: The Growth Opportunity in Gold & Copper � � Motivated and Entrepreneurial Management Team with Decades of Motivated and Entrepreneurial Management Team with Decades of Experience with the Major Mining Companies in Exploration, Operations tions Experience with the Major Mining Companies in Exploration, Opera and Finance and Finance � � Demonstrated Consistent Market Value Growth Over Past 5+ Years Demonstrated Consistent Market Value Growth Over Past 5+ Years Through Strategic Acquisition and Successful Exploration of High- -Potential, Potential, Through Strategic Acquisition and Successful Exploration of High Undervalued Mineral Assets Undervalued Mineral Assets � � Systematic Expansion of High- -Quality, Mid Quality, Mid- -Tier Producer Level Resource Tier Producer Level Resource Systematic Expansion of High (Net Inventory to NovaGold After All Earn- (Net Inventory to NovaGold After All Earn -Ins): Ins): 25.1 Million Ozs Ozs Gold and 181.5 Million Gold and 181.5 Million Ozs Ozs Silver Silver 25.1 Million 13.4 Billion Lbs Copper and 2.2 Billion Lbs Zinc 13.4 Billion Lbs Copper and 2.2 Billion Lbs Zinc � � Continued Future Growth Through Advancement of Existing Portfolio of o of Continued Future Growth Through Advancement of Existing Portfoli Four North American Projects Through Development to Production Four North American Projects Through Development to Production � � Rapid Production Growth Profile Starting at 100,000 Ozs Ozs/Year in 2006 /Year in 2006- -07 07 Rapid Production Growth Profile Starting at 100,000 Increasing to > 700,000 Ozs Ozs Gold, 2 Million Gold, 2 Million Ozs Ozs Silver and 300 Million Lbs Silver and 300 Million Lbs Increasing to > 700,000 Copper Annually by 2010- -11 at Lower Quartile Production Cost 11 at Lower Quartile Production Cost Copper Annually by 2010 � � Exploration Upside Through Major Controlling Land Position of over 700 er 700 Exploration Upside Through Major Controlling Land Position of ov Square Kilometers within Low Risk Political Jurisdictions of Ala Square Kilometers within Low Risk Political Jurisdictions of Alaska and ska and Western Canada Western Canada � � Annual Cash Flow From Nome Operations Annual Cash Flow From Nome Operations

NovaGold Management Team NovaGold Management Team Rick Van Nieuwenhuyse Peter Harris President & CEO Senior Vice President & COO Greg Johnson Don MacDonald Vice President Senior Vice President & CFO Corporate Communications Doug Brown & Strategic Development Vice President Business Development Joe Piekenbrock Carl Gagnier Vice President Exploration EVP NovaGold Canada Doug Nicholson General Manager Galore Creek Project VP/General Manager Alaska Gold Dean Lindsay Nome Operations Senior Projects Engineer Kevin Francis Galore Creek Project Resource Estimation Manager Alberto Chang Sue Craig Chief Mining Engineer Environmental and Land Manager Galore Creek Project

NovaGold (AMEX,TSX: NG) NovaGold (AMEX,TSX: NG) Shares (millions) Issued & Outstanding 72.9 Fully Diluted 87.3 Shareholders O wnership Institutional Investors 40% Management/Directors 5% Market Capitalization US$615 M (C$725 M) Cash (Sept 2005) US$60 M (C$72 M) In-the-Money Warrants/Options US$53 M (C$62 M) Component of S&P TSX 300 Index, S&P TSX Ethical Canadian Index, AMEX Gold Index (GDM) and S&P Toronto Gold Index (XGD)

A Pipeline of Advanced Stage A Pipeline of Advanced Stage North American Gold & Copper Projects North American Gold & Copper Projects Advancing Four of the Largest Undeveloped Deposits Advancing Four of the Largest Undeveloped Deposits in North America: in North America: – Donlin Creek, Alaska (25.4 (25.4 MOzs MOzs Gold) Gold) – Donlin Creek, Alaska - 70% - 70% - -30% joint venture with Placer Dome 30% joint venture with Placer Dome - Native American Partner Native American Partner – – Calista Corporation Calista Corporation - – – Galore Creek, BC (13.7 Galore Creek, BC (13.7 MOzs MOzs Gold, 156 Gold, 156 MOzs MOzs Silver, 12.0 B Lbs Copper) Silver, 12.0 B Lbs Copper) - Contained Metal Equivalent to a 40 Million Ounce Gold Deposit Contained Metal Equivalent to a 40 Million Ounce Gold Deposit - - Option Agreement for 100% Ownership Option Agreement for 100% Ownership - - First Nations Partner - First Nations Partner – – Tahltan Nation Development Corporation Tahltan Nation Development Corporation – – Nome Operations, Alaska (Rock Creek & Nome Gold) (3.3 Nome Operations, Alaska (Rock Creek & Nome Gold) (3.3 MOzs MOzs Gold) Gold) - 100% Ownership 100% Ownership - - Native American Partner Native American Partner – – Bering Straits Native Corporation Bering Straits Native Corporation - – Ambler Project, Alaska – Ambler Project, Alaska (0.8 MOzs MOzs Gold, 64 Gold, 64 MOzs MOzs Silver, and 3.2 B Lbs Copper, 4.4 B Lbs Zinc Silver, and 3.2 B Lbs Copper, 4.4 B Lbs Zinc ) ) (0.8 - Contained Metal Equivalent to a 16 Million Ounce Gold Deposit - Contained Metal Equivalent to a 16 Million Ounce Gold Deposit - 51% 51% - -49% joint venture with Rio Tinto 49% joint venture with Rio Tinto - - Native American Partner Native American Partner – – Nana Regional Corporation Nana Regional Corporation -

Lowest Real Metals in a Prices for Century Long Term Commodity Cycles Long Term Commodity Cycles

Industrialization Build- -out: out: Industrialization Build Copper Intensity of Use by Major Economy Copper Intensity of Use by Major Economy Copper lbs Per Capita 70 60 Taiwan 50 South Korea 40 Germany 30 20 USA 11% Growth Rate 10 China Japan 0 0 3 6 9 2 5 8 1 4 7 0 3 6 9 2 5 8 1 5 5 5 6 6 8 8 9 5 6 7 7 7 8 8 9 9 0 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 1 Source: JP Morgan & CRU

Declining Industry- -Wide Copper Reserves Wide Copper Reserves Declining Industry and Quality Since 1980 and Quality Since 1980 Potential for Severe Supply Constraints Y ears of R eserves % C opper G rade 55 1.00 Exploration 0.95 Discoveries Not 50 Keeping Pace with 0.90 Accelerating 45 0.85 Consumption 0.80 40 0.75 35 0.70 0.65 30 0.60 25 0.55 20 0.50 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 8 8 8 8 8 8 8 8 8 8 9 9 9 9 9 9 9 9 9 9 0 0 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 0 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 Y ears C u P roduction R eserv es A v erage C u O re G rade Source: Phelps Dodge Source: Phelps Dodge

Global Copper Deposit Discoveries 1950-2000 Inflation Adjusted Number of Discoveries CRB Index 1970 = 1 Per Year 2.40 12 10 1.8 8 6 1.2 4 2 0.6 0 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 1960 – 1970: Peak Period of Discoveries Source: JP Morgan & CRU