 NOVAGOLD RESOURCES INC. NOVAGOLD or the Company NYSE American, TSX: NG today confirmed that within a week it would provide a comprehensive and formal response to the catalogue of inaccuracies and falsehoods made by short-seller J Capital Research on May 28, 2020. NOVAGOLD, its Board of Directors, and management team are committed to operating with the utmost professionalism and integrity, which will be demonstrated in the Companys formal response in a meticulous manner. Additionally, NOVAGOLD is exploring all of its legal options in various jurisdictions against J Capital Research and any other parties who may be complicit in any effort to manipulate NOVAGOLDs share price through the dissemination of falsehoods and distortions. 