NovaGold
Appoints Elaine Sanders as Chief Financial Officer
February 18,
2011 - Vancouver, British Columbia - NovaGold Resources Inc. (NYSE-AMEX: NG,
TSX: NG) today announced the appointment of Elaine Sanders to the position of
Vice President and Chief Financial Officer.
"Elaine
has been an integral part of NovaGold's senior team since 2003,” said Rick
Van Nieuwenhuyse, President & CEO of NovaGold. "Her leadership and
financial expertise will ensure NovaGold continues to meet the highest
standards for corporate governance and financial disclosure as we grow the
company and advance our projects toward our goal of being a low-cost
million-ounce-a-year gold producer.”
Ms. Sanders
joined NovaGold as Controller in March 2003, was promoted to Vice President Finance
in 2006, was appointed Corporate Secretary in 2008 and has been Interim CFO
since April 2010. As CFO, Ms. Sanders continues to be responsible for financial
strategy, structure and risk management, and for financial and regulatory
reporting. As part of the executive team, Ms. Sanders also provides leadership
for advancing the Company's core projects and maintaining strong relationships
with its business and community partners.
Prior to
joining NovaGold, Ms. Sanders worked in the high tech sector and in the
assurance practice of Price Waterhouse. While with NovaGold, Ms. Sanders also
took senior management positions with the Company's spin outs as Controller for
SpectrumGold Inc. and CFO for Alexco Resource Corp. Ms. Sanders has nearly 20
years of experience in audit, finance and accounting with public and private
companies. She has been involved with numerous financings and acquisitions, and
has listed companies on both the TSX and NYSE-AMEX. Ms. Sanders holds a
Bachelor of Commerce degree from the University of Alberta and is a Chartered
Accountant and Certified Public Accountant.
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About
NovaGold
NovaGold is
a precious metals company engaged in the exploration and development of mineral
properties in Alaska, U.S.A. and British Columbia, Canada. The Company is
focused on advancing its two core properties, Donlin Creek and Galore Creek,
with the objective of becoming a low-cost million-ounce-a-year gold producer,
and offers superior leverage to gold with one of the largest reserve/resource
bases of any junior or mid-tier gold company. NovaGold has a strong track
record of expanding deposits through exploration success and forging
collaborative partnerships, both with local communities and with major mining
companies. The Donlin Creek project in Alaska, one of the world's largest
undeveloped gold deposits, is held by a limited liability company owned equally
by NovaGold and Barrick Gold U.S. Inc. The Galore Creek project in British
Columbia, a large copper-gold-silver deposit, is held by a partnership owned
equally by NovaGold and Teck Resources Limited. NovaGold also owns a 100%
interest in the high-grade Ambler copper-zinc-gold-silver deposit in northern
Alaska and has other earlier-stage exploration properties. NovaGold trades on
the TSX and NYSE-AMEX under the symbol NG. More information is available at
www.novagold.net or by emailing info@novagold.net.
NovaGold
Contact
Rhylin
Bailie
Director, Communications & Investor Relations
604-669-6227
or 1-866-669-6227