NovaGold Resources Inc.
AMEX : NG
TSX : NG

NovaGold Resources Inc.

March 04, 2008 09:00 ET

NovaGold Completes 2007 Year-End Reports

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 4, 2008) - NovaGold Resources Inc. (TSX:NG)(AMEX:NG) today announced that, in follow up to its news release of February 28, 2008, the Company has filed its annual consolidated financial statements for its fiscal year ended November 30, 2007 as well as its Management's Discussion and Analysis and annual information form for the same period. These documents are available on SEDAR at www.sedar.com and will be filed with our Form 40-F with the SEC at www.sec.gov. Further details about the Company and its projects are available on the Company's website at www.novagold.net.

Cautionary Note Regarding Forward-Looking Statements

The documents referred to in this press release include certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included therein including, without limitation: anticipated dates for receipt of permits and approvals, construction and production, and other milestones; anticipated results of drilling programs, feasibility studies and other analyses; anticipated availability and terms of future financing; estimated timing and amounts of future expenditures, and NovaGold's future production, operating and capital costs, operating or financial performance, are forward-looking statements. Information concerning mineral resource estimates also may be deemed to be forward-looking statements in that it reflects a prediction of the mineralization that would be encountered if a mineral deposit were developed and mined. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from NovaGold's expectations include fluctuations in gold and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to the outcome of litigation concerning permits at NovaGold's Rock Creek project and the potential impact on the commencement of operations; uncertainty as to timely availability of permits and other governmental approvals; the competition for and availability of skilled labour at our project sites; and other risks and uncertainties disclosed in NovaGold's Annual Information Form for the year ended November 30, 2007, filed with the Canadian securities regulatory authorities, NovaGold's annual report on Form 40-F filed with the United States Securities and Exchange Commission, and other information released by NovaGold and filed with the appropriate regulatory agencies.

Contact Information

  • NovaGold Resources Inc.
    Don MacDonald, CA
    Senior Vice President & CFO
    (604) 669-6227 or 1-866-669-6227
    or
    NovaGold Resources Inc.
    Greg Johnson, Vice President,
    Corporate Communications and Strategic Development
    (604) 669-6227 or 1-866-669-6227
    or
    NovaGold Resources Inc.
    Rhylin Bailie
    Manager, Corporate & Investor Relations
    (604) 669-6227 or 1-866-669-6227
    Website: www.novagold.net