Investment Highlights

• In January 2009, the Company announced a $75 million investment by Electrum Strategic Resources, a New York based private equity firm, and several other investors.
   
• In April 2009, NovaGold announced the results of a completed feasibility study for its Donlin Creek gold project in Alaska. The project is expected to generate nearly $1 billion in operating pre-tax net cash flow annually at $1000/oz.
   
• An updated economic assessment is planned for the Galore Creek coppergold project in British Columbia. The project is anticipated to generate more than $1.2 billion in operating pre-tax net cash flow annually at $2.50/lb. copper and $1000/oz. for gold.
   
• Management continues to streamline the Company and carefully manage its cash position. As of May 31, 2009, NovaGold had $56.1M cash and cash equivalents.
   
  (NG)5.55 PRICE 3,236,642 VOLUME OCTOBER 15,2009 

             (NG)6.58 PRICE 11,499,133 SHARES IN VOLUME

        DECEMBER 23, 2009   

Overview
NovaGold Resources Inc. (NYSE Amex: NG; TSX: NG) is a gold company engaged in exploration, development and mining North America. NovaGold focuses primarily on the exploration of gold, silver and copper. The company owns 50% interests in two of the world’s largest undeveloped gold and coppergold deposits in conjunction with world class operating partners, Barrick Gold and Teck Resources. NovaGold’s current management took the Company over in 1998 and its headquarters are in Vancouver, British Columbia, Canada.

Value Proposition
NovaGold has one of the largest resource bases among its peers with 15.2 million ounces of gold in proven and probable reserves, with an additional 8.7 million ounces of gold, 78 million ounces of silver, and 5.2 billion pounds of copper in measured and indicated resources and a further 5.2 million ounces of gold, 53 million ounces of silver and 2.6 billion pounds of copper in inferred resources. This totals more than 30 million ounces of gold and nearly 8 billion pounds of copper in all categories.

The Company has partnered with two of the world’s largest and most experienced mining producers, Barrick Gold Corp. (NYSE: ABX) and Teck Resources Ltd. (NYSE: TCK), on projects involving some of the world’s largest undeveloped resource deposits; Donlin Creek and Galore Creek.

These large, high-quality projects are in safe geopolitical locations in North America which offer lower risk and higher potential value than many other small mining companies can provide.

NG offers unparalleled value and potential growth to investors as these projects advance toward production and with any increase in gold prices. With its massive resource base, each share of NovaGold is equal to 0.18 ounces of gold which, at gold’s recent price of around $1000/oz., values each share at over $180 in gold. At NovaGold’s recent share price each $1 invested in the company would represent over $45 in gold resource value.

Nova Gold Resources Inc (NG) Primary Venue: NYSE AMEX
 

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JUNE 1,2009 - GROUP TAKES POSITIONS EXPH 0.001

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Star Navigation Appoints SA Mena Avionics WLL

as Installation, Maintenance and Warranty

Provider for Middle East -Closing

of Private Placement

 - Star Navigation Systems Group Ltd.(TSX-V: SNA)("Star" or the "Company"), a leading edge technology company focused on providing Aerospace Solutions to assist aviation operators worldwide, is pleased to announce that it has appointed SA Mena AvionicsWLL ("SA Mena") as installation, maintenance and warranty supplier for Star's STAR-ISMS(TM)systems in the Middle East.

SA Mena, a joint venture established with Scandinavian Avionics SA, a leading international provider of avionic services, is part of the Mena Aerospace Enterprises WLL group. It will also market and sell the system. Details of the appointment were discussed by the parties during meetings held during the recent Dubai Airshow.

Mr. Viraf Kapadia, CEO of Star said, "We are pleased to have a company of the quality of SA Mena working with us in support of our STAR-ISMS(TM) system. Customer satisfaction is our priority and we know that SA Mena has the experience and commitment required in order to help Star maintain this objective. The Dubai Airshow gave us an excellent opportunity to meet with the principals of SA Mena, in addition to numerous representatives of various airlines and other service providers, and we look forward to maintaining and building upon all of those contacts." Further to Star's press release dated November 26, 2009, the TSX Venture Exchange has now accepted for filing the Company's private placement, which is now closed.

The four month hold period on the relevant common shares will expire April 8, 2010. About MENA Aerospace Enterprises WLL MENA Aerospace Enterprises WLL is the primary holding company and administrative head for all companies and business units within the corporate group. The corporate group consists of MAE Aircraft Management WLL which holds an Aircraft Operating Certificate issued by Bahrain's Civil Aviation Affairs to commercially operate aircraft; MAE Jet Charters Company WLL which sells and coordinates V-VIP and corporate travel on chartered business jets;and SA MENA Avionics WLL, an EASA Part 145 & 147, FAA and BCAA approved MRO which specializes in the installation, maintenance and repair of avionic and electronic systems on board aircraft. MENA Aerospace has been established in Bahrain since 2004. The corporate group is majority Bahraini owned, and employs in excess of fifty people at its offices and facilities located in various areas of Bahrain.

About Star Navigation: Star Navigation Systems Group Ltd. (www.star-navigation.com) owns the exclusive worldwide license to its proprietary, patented In-flight Safety Monitoring System, the first system in the world to feature in-flight data-analysis, monitoring and diagnostics with a real-time connection between aircraft and ground. Its real-time capability of tracking performance-trends and predicting incident-occurrence enhances aviation safety and improves fleet management while reducing costs for the operator.

Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words "may","would", "could", "will" and similar expressions, as they relate to Star or its management are intended to identify forward-looking statements.Such statements reflect Star's current views with respect to future events and are subject to certain risks, uncertainties and assumptions.Many factors could cause Star's actual performance or achievements to vary from those described herein.

Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Star does not assume any obligation to update these forward-looking statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this release.

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