Novagold thanks outgoing directors Sharon Dowdall and Clinton R. Naumann for their exemplary service
The three new candidates for nomination to our Board of Directors replace two current Directors who have elected to retire from the Board after many years of dedicated and outstanding service to NovaGold. We will fill the vacancies.
Dr. Thomas S. Kaplan said: Chairman of Novagold. “Their great camaraderie will be missed on all levels, both personally and professionally. Not only thanks for the attractiveness of NOVAGOLD’s Board seat, but also to ensure that our commitment to transparency and best practices will remain steadfast in the future through the selection of truly outstanding candidates. It also speaks of their dedication to
“Sharon is the gold standard of integrity. Her constant commitment and outstanding leadership over the past 11 years at NOVAGOLD has played a key role in the success and growth of the company. Knowledge coupled with equals: “We are grateful to Sharon for her leadership role as Chair of the Governance Committee and her rigorous work on the Compensation Committee. It was a real pleasure and we all wish our dear friend great success in their future endeavours.”
“Clinton has been a tremendous asset to the NOVAGOLD Board over the past 24 years. Drawing on his extensive technical and operational experience, he has made a series of pivotal contributions to the Board. As Chairman of the Committee, Clint has provided excellent support and guidance through the amazing resource growth and technological evolution of the Donling Gold Project in Alaska.A wealth of knowledge and unwavering dedication to the company, And I am very grateful for his service.”
New Candidates for Board of Directors
In researching candidates submitted for election, Dr. Kaplan emphasized:
“This is a testament to the unique combination of the attributes of the Dongling Gold assets, the proven excellence of the NOVAGOLD management team in driving the most important project of its kind, and the Board’s reputation for transparency and shareholder engagement. Our search will yield multiple results: all three of the newly-selected candidates are top notch and bring to the board their individual records of both success and integrity, as well as their predecessors. brought justice to their predecessors and brought justice to their predecessors, and as Donlin Gold continues to move up the value chain as one of the ‘Best in Class’ companies in gold development, we have multiple areas of expertise. increase. ”
Appointment of Hume Kyle to Novagold’s Board of Directors
Mr. Kyle has over 35 years of private sector and public accounting experience working with natural resource companies. He recently retired as Senior Vice President and CFO of Dundee Precious Metals Inc., a multinational gold mining company he served from 2011 until 2022. He was Vice President, Finance and CFO (2003-2009) of Fort Chicago Energy Partners LP, a multinational power generation and wholesale marketing company (2009-2011), and a pipeline, natural gas liquid processing, and power company. ). He has also held senior finance and accounting positions at Nexfor Inc., Noranda Inc., Deloitte & Touche, and Price Waterhouse & Co.
In addition, Mr. Kyle is a board member of Stornoway Diamond Corporation (2014-2019), Alliance Pipeline (2004-2009), Aux Sable (2004-2009), and Canadian Association of Income Funds (2005-2009). served as a board member. On several committees he is chairman of the Audit Committee. He holds a BA in Economics and Accounting from the University of Western Ontario, a Diploma in Public Accounting from McGill University, and a Chartered Financial Analyst from the Canadian Institute of Chartered Accountants. Has his CFA credential from the association. He has an ICD.D designation from the Institute of Corporate Directors.
NOVAGOLD’s Board of Directors will benefit from Mr. Kyle’s extensive senior management and board experience working with large publicly traded, capital-intensive multinationals operating in the mining and energy sectors. has determined that Mr. Kyle should serve on the Company’s Board of Directors. and the natural resources sector, as well as his expertise in a wide range of areas such as finance, international accounting and financial reporting, corporate strategy, business planning and performance management, taxation, risk management, mergers and acquisitions, corporate communications, leadership and governance.
Appointment of Daniel Muiz Quintanilla to Novagold’s Board of Directors
Mr. Muñiz has over 25 years of experience in international law, capital markets and finance in the mining, logistics and infrastructure industries. His mining expertise ranges from operations to mergers and acquisitions. From 2010 until 2014 he was Managing Director (CEO) of Industrial Minera Mexico, the underground mining division of Grupo Mexico. ) and was promoted to his chair as Executive Vice President. He is in the Mining Division of Grupo Mexico, where he held this position from 2014 until 2018. During this tenure, he was directly responsible for tens of thousands of employees and businesses across Mexico, Chile and Peru. In addition, he served as a board member and vice chairman of Southern Copper Company, his 90% subsidiary of American Mining.
Prior to his investment career, he was CFO of Grupo Mexico, where he successfully raised over US$11 billion in capital through various securities including loans, bonds, structured notes and project finance on various real assets. . Mining, Rail, Electricity, Gas, Oil, Toll Roads, Airports, Construction, Engineering, Real Estate and more. Mr. Muñiz holds a law degree from the University of Iberoamericana, a Master of Laws degree from Georgetown University, and a Master of Business Administration degree from the Instituto de Empresa.
Mr. Muñiz currently serves on the Board of Directors of Brookfield Infrastructure Corporation and chairs the Board and Audit Committee of Brookfield Infrastructure Partners LP, the world’s largest infrastructure private equity fund. He also serves on the boards of Hudbay Minerals Inc. and Gatos Silver Inc. He is a founding partner of Whetstone Resources, a private base and his EV metals acquisition company. He is the undisclosed Executive Chairman of Minera Adullia and the undisclosed Executive Vice Chairman of Sunshine Silver.
The Board of NOVAGOLD believes that Mr. Muniz should serve on the Board of the Company in order to benefit from his extensive and many years of experience as an executive and director of various mining and infrastructure companies in the field of capital markets. Decided. Mergers and Acquisitions, Finance, and Corporate Leadership.
Dawn Whitaker Appointed to Novagold Board of Directors
Mr. Whittaker has over 30 years of experience as an attorney in the areas of capital markets, mergers and acquisitions, corporate finance and corporate governance. She currently serves as Independent Chairman of the Board of Triple Flag Precious Metals Corp., a NYSE and TSX listed precious metals streaming and royalty finance company. Whittaker said she served on the company’s advisory board leading up to the May 2021 initial public offering. The IPO has become the world’s largest precious metals IPO by market capitalization since 2008. She then chaired the company’s board through its transformative acquisition. Her Maverix Metals, completed in January 2023, positions Triple Flag as a leading emerging senior streaming and loyalty company.
Mr. Whittaker is a director of Sierra Metals Inc. and previously served as a director of Detour Gold Corporation (2018-2020) and Kirkland Lake Gold Inc. (2012-2016). Prior to his retirement in 2018, he was a senior partner at global law firm Norton Law Firm, Fulbright LLP. He was the national leader of the team and a member of the firm. From 2014 he served on the Canadian Partnership Board until 2017. In addition, Mr. Whitaker previously served on the Ontario Securities Commission’s Continuous Disclosure Advisory Committee. He holds a Bachelor of Arts and a Bachelor of Laws from Queen’s University.
NOVAGOLD’s Board of Directors should have Ms. Whitaker on the Company’s board to benefit from her significant experience as an attorney and board member of various mining companies, as well as her considerable expertise in the corporate sector. decided to be Insights on governance, best practices representing shareholder interests, capital markets, mergers and acquisitions, and corporate finance.
NovaGold Virtual Conference and Shareholder Participation
NOVAGOLD’s 2023 Annual General Meeting will be held virtually only. Shareholders may vote by proxy in advance or during the general meeting. Shareholders may also participate in the plenary session from their geographical location. See his NOVAGOLD Management Information Circular dated March 24, 2023 for detailed voting instructions. We believe this is an important step in making our Annual Meeting more accessible to all shareholders and reducing the carbon footprint of our activities.
Shareholders will be able to watch a live webcast of the plenary session. Registered shareholders and duly appointed representatives may also submit questions digitally during the plenary session to: www.virtualshareholdermeeting.com/NG2023 .
Questions may also be submitted to management and the Board of Directors by email prior to the meeting. info@novagold.com Shareholders are encouraged to log into the meeting 15 minutes prior to the scheduled start time. When logging in, please prepare the 16-digit control number printed on your voting materials.
NOVAGOLD’s Management Information Circular dated March 24, 2023 and the annual report accompanying the Management Information Circular are available on our website. www.novagold.com/investors/mic/ in SEDAR www.sedar.com and with EDGAR www.sec.gov .
NovaGold contact:
melanie hennessy
Vice President of Corporate Communications
1-604-669-6227 or 1-866-669-6227
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1 NOVAGOLD defines a Tier 1 gold development project as a project with a projected production life of at least 10 years, a projected annual production volume of at least 500,000 ounces of gold, and an average projected cash cost over its production life that is in the bottom half of the industry. I’m here. cost curve.
2 Alaska is ranked 4th in the world on the Investment Attractiveness Index in the 2021 Fraser Institute Annual Survey of Mining Companies.
