World Mining Exploration News

NovaGold Resources Inc. (TSX: NG) (AMEX: NG) reminded holders of its TSX listed warrants (TSX: NG.WT) all warrants will stop trading on Wednesday, October 1, 2008 at 9:00 Pacific time (12:00 pm EST) and will expire that day at 4:30 pm Pacific time (7:30 pm EST). Upon the expiration of the time, all warrants unexercised become null and void and owners have more rights under these mandates. The warrants were issued pursuant to a financing dated October 1 2003. Each warrant entitles the holder to purchase one common share of NovaGold for C $ 7.00.

Investors should contact their brokers for advice or information on the performance of their mandates before the expiration date.

Holders of warrants May also contact Elaine Sanders, Vice President, Finance & Corporate Secretary, with questions on the exercise of their warrants at any time prior to the time of the expiration on October 1 2008.

About NovaGold

NovaGold is a precious metals company focused on the exploration, development and mining of mineral properties in Alaska and western Canada. Production is planned for 2008 at 100%-owned Nome, Alaska operations, which includes Rock Creek, Big Vive and Nome gold fields. NovaGold owns 50% of the Donlin Creek gold project in Alaska, one of the largest gold deposits, with Barrick Gold (50%). The Company also owns 50% of the Galore Creek copper-gold-silver project in British Columbia with Teck Cominco (50%). NovaGold has one of the largest resource bases of any junior or mid-level company producing gold. NovaGold trades on the Toronto Stock Exchange and the AMEX under the symbol NG.

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