Becoming a Pure Gold Play Focused on Donlin Gold.

•Donlin Gold, NovaGold's flagship project, successfully passed feasibility and has emerged as perhaps the most important gold development asset in the world today;

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Message: FYI - Top 10 Shareholders

Top 10 Shareholders at Q1-2011 (based on most 13F filings in Ipreo).

Electrum Strategic Resources - 21.7%
M&G Investment Management - 10.0%
Paulson & Company - 8.4%
Tradewinds Global Investors - 6.8%
Aletheia Research & Management - 6.7%
Blue Ridge Capital - 3.0%
Chilton Investment Company - 2.5%
BlackRock Advisors - 1.0%
Renaissance Technologies Corporation - 1.0%
Fidelity Management & Research Company - 0.9%

regards

Hg

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