NOVAGOLD Announces Election of Directors and Voting Results from 2017 Annual Shareholder Meeting

VANCOUVER, British Columbia, May 08, 2017 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. (TSX:NG) (NYSE MKT:NG) is pleased to announce the detailed voting results on the items of business considered at its Annual General Meeting of Shareholders held on May 5, 2017 (the “Meeting”). A total of 260,710,238 or 81.05% of the Company’s issued and outstanding shares were represented at the Meeting. The nominees listed in NOVAGOLD’s Management Information Circular were elected as directors of the Company. Detailed results of the votes are set out below:

Proposal 1Outcome of the
Vote
Votes by Ballot
Election of Directors Votes ForVotes Withheld
Sharon DowdallCarried205,246,215
(99.61%)
807,569
(0.39%)
Dr. Marc FaberCarried205,245,961
(99.61%)
807,824
(0.39%)
Dr. Thomas KaplanCarried205,191,258
(99.58%)
862,527
(0.42%)
Gregory LangCarried205,398,998
(99.68%)
654,786
(0.32%)
Gillyeard LeathleyCarried205,278,306
(99.62%)
775,479
(0.38%)
Igor LeventalCarried204,521,052
(99.26%)
1,532,732
(0.74%)
Kalidas MadhavpeddiCarried205,199,575
(99.59%)
854,209
(0.41%)
Gerald McConnellCarried191,331,615
(92.86%)
14,722,170
(7.14%)
Clynton NaumanCarried205,319,846
(99.64%)
733,939
(0.36%)
Rick Van NieuwenhuyseCarried161,384,452
(78.32%)
44,668,973
(21.68%)
Anthony WalshCarried205,292,012
(99.63%)
761,772
(0.37%)

Proposal 2 – Appointment of Auditors

The vote was carried for the Appointment of the Auditors, PricewaterhouseCoopers LLP. The votes were as follows:

Votes For  259,544,971  99.56%
Votes Withheld  1,151,967  0.44%
       

Proposal 3 – Say-On-Pay Advisory Vote

The vote was carried on the Say-On-Pay Advisory Vote. The votes were as follows:

Votes For  153,210,502   74.36%
Votes Against  51,918,544  25.20%
Votes Withheld  911,438   0.44%
       

Proposal 4 – Approval of Unallocated Entitlements under the Stock Award Plan

The vote was carried on the approval of all the unallocated entitlements under the Company’s Stock Award Plan. The votes were as follows:

Votes For  192,464,448  93.41%
Votes Against  12,282,335  5.96%
Votes Withheld  1,293,700  0.63%
       

Proposal 5 – Approval of Unallocated Entitlements under the Performance Share Unit Plan

The vote was carried on the approval of all the unallocated entitlements under the Company’s Performance Share Unit Plan. The votes were as follows:

Votes For   200,760,355  97.44%
Votes Against   3,992,255  1.94% 
Votes Withheld  1,287,874  0.63%
       

Proposal 6 – Approval of Unallocated Entitlements under the Deferred Share Unit Plan

The vote was carried on the approval of all the unallocated entitlements under the Company’s Deferred Share Unit Plan. The votes were as follows:

Votes For   201,666,080  97.88%
Votes Against   3,061,147   1.49%
Votes Withheld  1,313,257  0.64%
       

Full details of all proposals are fully described in the Company’s Management Information Circular available on the Company’s website at www.novagold.com, on SEDAR at www.sedar.com, and on EDGAR at www.sec.gov and the detailed results of voting on each proposal are included in the Report of Voting Results filed on SEDAR and on EDGAR.



NOVAGOLD Contact:

Mélanie Hennessey
Vice President, Corporate Communications

Erin O’Toole
Senior Stakeholder Relations Specialist

604-669-6227 or 1-866-669-6227