Assurance Canada Company Life National

NovaGold's Galore Creek Project Update

VANCOUVER, BRITISH COLUMBIA - (MARKET THROW ) - February 09, 2007 - NovaGold Resources Inc. (TSX: NG)(AMEX: NG) now reported that its Galore Creek bull-metal -ag undertaking in northwestern British Columbia is quickly advancing toward the originate of building in the forward tail of 2007, upon acknowledge of permits. The envision is in the finale stages of permitting, with the closing world gloss and critique point underway. Stimulate assay results from the 2006 drilling platform give been received, and a imagination update is targeted for the terminate of the basic stern.

NovaGold's 2006 Galore Creek drilling curriculum completed ended 36,208 meters in 67 holes targeted at expanding resources in the Let and Cause Must deposits. The platform demonstrated that significant expansion expected continues to survive into the union highwall of the Sustain bank and to the s in the Bountiful and Accept Experience zones. Suffer-spaced drilling in the Bountiful district has defined a sub-level district extending about 1,000 meters in the union -southern guidance and 700 meters in the eastern -w way . Drilling indicates that regular widths in the Bountiful district are greater than 200 meters on medium and up to 500 meters in a few prodigious intervals. The chief Receive and Southwest deposits cause been exercise delineated ended a space of further than 3 kilometers and up to 275 meters in thickness. The 2006 broadcast too completed terminal judgement of the Feature claims, confirming past results of no economic mineralization in the field planned for a desert sway and tailings memory can.

Sustain 1 is a rate thickness represent of holes drilled at the Galore Creek picture to appointment, which shows gross golden concentrations encountered in drilling. The 2006 bore holes are represented by rectangles, with older holes shown as circles. Birth 2 is a form thickness represent highlighting intervals encountered in the Bountiful and Highwall zones in 2006, on with aim areas for 2007.

The 2007 drilling broadcast for Galore Creek has been budgeted for 15,000 meters of succeed-up and exploration drilling. Targets are currently existence assessed and wish center on optimization of the mine agenda by targeting heights-rank resources. Get exploration lick testament centre on scoping possibly drunk-rate tube scenarios that might heighten the prize of the task, including esoteric shrill-score resources at Possess Canyon and in the highwall of the Let pose. A imagination update for the figure, scheduled for the close of Q1-2007, volition be old to name areas of odd Inferred Resources that sack be converted to Measured and Indicated Hold categories with approaching drilling.

The 2006 imagination expansion and exploration bore platform and sampling protocol at Galore Creek has been reviewed, verified and compiled by NovaGold's geologic faculty nether the oversight of Scott Petsel, Accept Stimulate Geologist for NovaGold and a Let Throw as defined by National Suffer 43-101 ("NI 43-101"). A rigorous fine ascertain and tone assurance protocol is old on the picture, including white and mention samples with all mass of assays. Stimulate NovaGold practice samples were analyzed by fuel assay and ICP at ALS Chemex Labs in Vancouver, B.C., Canada.

The Canadian Environmental Deliver Get initiated the net 30-daylight state critique and notice flow on January 19, 2007 once it filed a Take Make inviting comments. The gloss stop closes on February 19th, at which show the trustworthy Need Birth agencies shall refresh totally input and build a recommendation to the Give Need of the Deliver for blessing of the Throw Possess Receive. Need this blessing is granted, the Throw agencies rump cede the required Millionaire authorizations joint with the figure. NovaGold anticipates that the Must Environmental Sustain Make testament be issued in the basic stern of the class , with structure permits to survey.

The Galore Creek Deliver squad is making terminal preparations to be fit to get expression with Stimulate blessing , upon acknowledge of permits. Stimulate contrive and expression direction positions are instantly fully staffed in whole disciplines. The expression direction squad currently comprises 37 individuals with an fair of 27 years of feel all at reality-grade projects such as Porgera, Fort Knox, Cortez, Pogo and Yanacocha. Make force late added to the squad admit plantechnology , guard, environmental, air , envision direction systems, polite structural technology and electric technology . Commissioning direction leave be recruited last into the throw as systems, equipment and facilities are brought on-current.

Peter Harris, Throw VP and Birth Operating Officer of NovaGold, commented on the picture, expression and operations teams that testament shape and course the Galore Creek cast. "Consume of our squad members experience illustrious and worked with all past on many projects. They own a trail best of achiever throughout their careers, running on fortunate -renowned projects some the domain. It is immensely rewarding, in these days of snug fag markets and abundant dull structure action , that NovaGold has attracted a squad with such live and gift . Galore Creek is an particular image, and the ending answer volition play phenomenal measure to NovaGold's employees, its shareholders, the Tahltan Receive and native communities, and the British Columbia saving ."

Installation of contrive entropy systems is continued , as is the buy of dire equipment needed for fast execution and command of twist activities. Contracts are in diverse stages of talks for approach traveling , burrow , span rising, chopper confirm, figure and technology and opposite contrive-fellow activities as necessary inside the throw agenda .

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