Excellent New Excessive-Grade Hits Prolong Kamperman Strike Size to 350 Metres

Robust Treasury of $118 Million in Money and Time period Deposits within the First Quarter of 2024

NOVAGOLD RESOURCES INC. (“NOVAGOLD” or “the Firm” (NYSE American, TSX: NG) at this time launched its 2024 first quarter monetary outcomes and an replace on its Tier One 1 gold growth challenge, Donlin Gold, which NOVAGOLD owns equally with Barrick Gold Company (“Barrick”).

Particulars of the monetary outcomes for the quarter ended February 29, 2024, are introduced within the consolidated monetary statements and quarterly report filed on Kind 10-Q on April 3, 2024, that’s accessible on the Firm’s web site at www.novagold.com, on SEDAR+ at www.sedarplus.ca, and on EDGAR at www.sec.gov. All quantities are in U.S. {dollars} except in any other case acknowledged.

Within the first quarter of 2024, the next milestones have been achieved:

• The continuing actions at Donlin Gold included:
  • Completion of the scope of labor for useful resource modelling by a third-party advisor for an up to date useful resource mannequin;
  • Development of metallurgical take a look at work with a pilot plant in Ontario, Canada, to substantiate proposed optimizations to the flowsheet;
  • Continued planning for regional infrastructure help to slim the scope of labor and establish the very best path ahead;
  • Incorporation of latest subject information in geoscience hydrology to replace the groundwater mannequin and floor water mannequin;
• In partnership with Calista Company (“Calista”) and The Kuskokwim Company (TKC), Donlin Gold reached vital milestones in schooling, well being and security, cultural preservation, and environmental initiatives:
  • Finalization of one other Shared Values Assertion within the Yukon-Kuskokwim (Y-Okay) area close to the challenge, bringing the entire depend to 16;
  • Holding the primary informational assembly for the Subsistence Communications Advisory Committee in Anchorage;
  • Increasing our efforts to establish particular challenge alternatives geared toward monitoring, evaluating, and enhancing the well being of salmon populations within the Y-Okay area;
  • Sponsorship of, and energetic participation in, key winter occasions: Donlin Gold’s Pete Kaiser received the 2024 K300 sled canine race in January and Kristina Woolston competed within the Iron Canine in February, the world’s longest and hardest snowmobile race that covers 2,500 miles of Alaskan backcountry;
  • Assist to numerous search and rescue groups, together with the Chevak and Kipnuk Conventional Councils.
• As a federally permitted challenge on personal Alaska Native Company land designated by regulation for mining, with key State permits secured, Donlin Gold’s actions middle on sustaining current permits and advancing excellent necessities, together with:
  • Ongoing work to advance the Alaska Dam Security Certification preliminary design packages, that are anticipated to be submitted to the Alaska Division of Pure Sources (ADNR) later this yr after evaluate by the Unbiased Technical Overview Board;
  • Persevering with to help Federal and State companies to uphold the excellent Donlin Gold permits below enchantment.

President’s Message

Devoted Efforts to Fund and Advance Donlin Gold’s Challenge Growth Work

Through the first quarter of 2024, with the help from the homeowners and the Donlin Gold LLC Board, quite a few essential actions have been carried out. These included, amongst others, finishing the scope of labor for useful resource modelling by a third-party advisor to replace the useful resource mannequin; advancing the metallurgical take a look at work with a pilot plant in Ontario, Canada, to substantiate proposed optimizations to the flowsheet, that are anticipated to conclude later within the yr; persevering with to plan the regional infrastructure help to streamline the scope of labor and establish the optimum path ahead; and integrating latest subject information in geoscience hydrology to replace the groundwater and floor water fashions, alongside steady information assortment to replace supply traits for closure planning. As well as, an in depth quantity of outreach efforts happened in Alaska, within the Y-Okay area, and in Washington D.C. to help group engagement and allowing efforts that assist reinforce our social license. The diligent and extremely efficient work by the Donlin Gold crew, our companions and broader stakeholders are vastly appreciated.

NOVAGOLD stays dedicated to using a concerted and inclusive strategy to advancing the Donlin Gold challenge, in step with our pledges to — and for the good thing about — all shareholders and stakeholders, and particularly to fulfilling the technique that has been pledged repeatedly by NOVAGOLD: particularly, to start a full bankable Feasibility Examine to optimally place the challenge, establishing a possible constructive development resolution when the time is correct.

Nurturing Partnerships to Reinforce Donlin Gold’s Social License — Partaking Native Communities, Governments, and Native Firms

Our dedication to the Firm’s partnerships with Calista and TKC all through Donlin Gold’s challenge growth and allowing processes has been strengthened by a long time of steadfast and dependable engagement with the 62 stakeholder communities. The Donlin Gold challenge is positioned on personal land that’s designated by regulation for mining actions, below the Alaska Native Claims Settlement Act (ANCSA) of 1971. The Native Firms have thus been instrumental in facilitating complete native stakeholder outreach throughout the Y-Okay area, in addition to authorities engagement efforts within the broader reaches of Alaska and Washington, D.C.

Within the first quarter of 2024, Donlin Gold finalized one other Shared Values Assertion, bringing the entire depend to 16. This exceptional accomplishment underscores our dedication to steady engagement with native communities, strengthening current long-term relationships, and addressing particular group wants. Moreover, in partnership with Calista and TKC, Donlin Gold held the primary informational assembly for the Subsistence Communications Advisory Committee (“SCAC”) in Anchorage this previous quarter. All attendees, who maintain various views on the Donlin Gold challenge, accomplished an software to hitch the SCAC. Central to the partnership between Donlin Gold, Calista and TKC, the SCAC was established to take care of a well-defined course of for communications, dialogue, problem-solving, and in search of the views of the broader group relating to subsistence issues.

Persistent Assist for Y-Okay Area’s Environmental and Social Initiatives

NOVAGOLD prioritizes group and social accountability, making certain shared values are upheld at each the Donlin Gold challenge website and throughout the communities of the Y-Okay area. By way of initiatives centered on schooling, group wellness, cultural preservation, and environmental stewardship, Donlin Gold helps fisheries research, environmental actions, subsistence and cultural preservation initiatives, and varied grants. In collaboration with Calista and TKC, a broad vary of actions and initiatives have been undertaken within the final quarter.

Since mid-2023, NOVAGOLD, Donlin Gold and its Alaska Native Company companions have intently monitored and assessed the situations and administration of salmon fisheries within the Kuskokwim and Yukon River watersheds. Within the first quarter of 2024, efforts with native tribes have been centered on figuring out particular potential challenge alternatives to watch, consider, and improve the well being of salmon populations. The initiatives to be supported shall be finalized in early 2024, with plans for implementation starting within the spring/summer season of that yr. All such initiatives shall be pursued in collaboration and partnership with the folks of the Y-Okay area.

Each NOVAGOLD and Donlin Gold are dedicated to advancing academic alternatives in Alaska and actively promote studying by means of collaborative efforts, together with by sponsoring the Decrease Kuskokwim Faculty District’s annual school and profession honest. Donlin Gold additionally maintains its dedication to local people sports activities initiatives and youth teams, as exemplified by its help of occasions such because the Donlin Gold Basketball Event held at Bethel Regional Excessive Faculty in Bethel, Alaska. Donlin Gold additionally supplied an annual contribution to the Rural Alaska Honors Institute, a program working by means of the College of Alaska Fairbanks which prepares Alaska Native high-school college students for faculty life.

Donlin Gold proudly continues to fund and help The Kuskokwim 300, a premier mid-distance canine sled race overlaying a difficult 300-mile path from Bethel to Aniak and again. Moreover, Donlin Gold sponsors Y-Okay mushers Isaac Underwood, Mike Williams Jr., and 2019 Iditarod champion and Donlin Gold worker Pete Kaiser, winner of his eighth title within the Kuskokwim 300 — who hails from Bethel and is the primary Yupik musher ever and the fifth Alaska Native to win an Iditarod championship. Mr. Kaiser actively engages with youth locally, specializing in suicide prevention in alignment with Donlin Gold’s dedication to strengthening very important group well-being initiatives. Moreover, final February, Donlin Gold was a sponsor of the Iron Canine, the world’s longest and hardest snowmobile race that covers 2,500 miles of Alaskan backcountry, during which Kristina Woolston, Donlin Gold’s Exterior Affairs Supervisor, participated. Different cultural preservation initiatives embody supporting the Native Village of Kalskag’s annual Cauneq Camp in addition to partnering with Carry the Remedy to deliver suicide prevention applications to Toksook Bay, Nightmute, Tununak, and Kasigluk.

Donlin Gold prolonged help to a number of search and rescue groups within the area, together with the Chevak and Kipnuk Conventional Councils and Bethel Search and Rescue. Monetary help was additionally supplied to Camp Hearth Alaska, a company devoted to providing summer season camps and applications to rural communities throughout Alaska with varied actions, together with music, sports activities, science, subject journeys, and ample out of doors recreation alternatives. In February 2024, Donlin Gold continued its sponsorship of native radio stations in Alaska, which play a vital position in delivering climate updates and security messages to rural communities the place web connectivity is restricted. Moreover, Donlin Gold pursued its help of and energetic involvement within the Alaska Protected Riders initiative, which focuses on selling security for snowmachines, all-terrain automobiles, and leisure off-road automobiles.

Significant collaboration was additionally fostered with the Native Village of Napaimute, with Donlin Gold extending monetary help to bolster cultural wellness applications and to take care of the Kuskokwim River Ice Street – a vital winter infrastructure that gives for the protected transport of residents to sport and cultural occasions, in addition to a vital conduit of financial exercise for the Kuskokwim River communities.

Sustaining Permits in Good Standing

Regardless of a number of challenges, all appeals towards Donlin Gold permits have been unsuccessful to this point. We acknowledge the significance of preparedness and group in these issues. Allowing in the US and Alaska constitutes a big and rigorous endeavor, the place success depends on years of devoted efforts to make sure a diligent, thorough, clear, and inclusive course of participating all stakeholders, together with these from the Y-Okay area. Donlin Gold, together with its homeowners and companions Calista and TKC, possesses an intimate understanding of the challenge’s allowing and regulatory procedures. We stay dedicated to supporting Federal and State companies in defending the rigorous allowing course of and centered on securing the remaining state-level permits and certificates required for the challenge.

We acknowledge that there’s a value to be paid for jurisdictional security. There are an rising variety of locations on the planet the place allowing is changing into much less burdened by the rule of regulation. The flipside of that relative ease is that these locales are additionally a lot much less dependable politically or socially than Alaska, the second largest gold producing state in one of many world’s most secure nations totally free enterprise. We treasure the conviction that, if the mine is constructed, our traders would be capable of benefit from the luxurious of realizing that Alaska is a spot the place they will sleep properly at night time — assured that after they awaken within the morning, they’d nonetheless personal what they owned the night time earlier than. In an ever extra advanced and fraught world, this sober reasoning makes it properly well worth the effort.

Through the first quarter of 2024, Donlin Gold continued to advance the Dam Security Certification preliminary design packages, that are anticipated to be submitted to the ADNR in 2024 after evaluate by the Unbiased Technical Overview Board.

Earthjustice filed their opening temporary with the Alaska Supreme Court docket on January 4, 2024, interesting the Alaska Superior Court docket’s resolution on Donlin Gold’s water rights permits, following an unsuccessful enchantment to the ADNR Commissioner. The State of Alaska, Calista, and Donlin Gold are scheduled to submit their reply briefs with the Supreme Court docket in April 2024.

Earthjustice filed their opening temporary with the Alaska Superior Court docket on January 5, 2024, interesting the Alaska Division of Environmental Conservation Commissioner’s resolution upholding the 401 Water High quality Certification. The State of Alaska and Donlin Gold will file their reply briefs to the Alaska Superior Court docket within the second quarter 2024.

Briefing on Earthjustice’s enchantment of the Alaska Superior Court docket affirmation of ADNR’s issuance of the State Proper-of-Means lease to the Alaska Supreme Court docket was accomplished in February 2024. Earthjustice has requested oral argument, which has not been scheduled.

Within the Federal litigation difficult the Donlin Gold Joint Document of Choice, together with the 404 allow, Earthjustice filed their opening temporary on February 16, 2024. The State of Alaska, Calista, and Donlin Gold are scheduled to file their reply briefing in April 2024.

Dedicated to Advancing the Donlin Gold Challenge for All Shareholders and Stakeholders

NOVAGOLD’s unwavering dedication to advancing Donlin Gold is mirrored in our stance relating to subsequent steps for the challenge, in addition to within the elevated investments and expanded partnerships with communities within the Y-Okay area that ship vital worth for all stakeholders, together with Alaska residents and Firm shareholders.

Donlin Gold is certainly the rarest of the uncommon: an distinctive gold growth challenge, boasting roughly 39 million ounces of gold with a grade of two.24 grams per tonne in Measured and Indicated Mineral Sources (100% foundation), inclusive of Confirmed and Possible Mineral Reserves. With a grade that’s twice the gold trade common, Donlin Gold thus has the potential to be a low-cost, open-pit, million-ounce producer for many years. Superimposed onto that is the blue sky of the wonderful exploration alternatives that reach properly past the present useful resource space — 3km of an 8km belt that in itself represents however 5 % of our whole land bundle .

With the a number of tailwinds of the macro backdrop, in addition to the challenge’s sheer dimension, high quality, low-cost construction, and that merely excellent exploration upside, we intention to solidify Donlin’s standing as what we imagine to be the very best gold growth story on the planet at this time. As a attribute “Tier 1 Asset” in a world-leading, Tier 1 jurisdiction ² , we imagine that Donlin really epitomizes a fantastic asset that provides one nice leverage in a fantastic place that can enable one to maintain the fruits of that leverage.

Of sign significance, NOVAGOLD has been blessed with long-term and supportive shareholders whose presence and counsel have been invaluable. We’re grateful for the choice of our shareholders to put money into our Firm and for his or her continued solidarity and engagement. We reaffirm to each one in all them that, as stewards of the Firm, we proceed to be centered on delivering on our technique and enhancing the worth of the Donlin Gold challenge, rising each shareholder and stakeholder wealth in a protected and socially accountable method.

Final however actually not least, I want to specific heartfelt gratitude to our colleagues and companions at Donlin Gold, Calista, TKC, and NOVAGOLD for his or her enduring collaboration. I additionally lengthen deep appreciation to our esteemed Board of Administrators for his or her steadfast willpower and steering.

Sincerely,

Gregory A. Lang
President & CEO

Monetary Outcomes

^{in 1000’s of U.S. {dollars}, apart from per share quantities}

(1)   Consists of share-based compensation expense of $2,409 and $2,161 within the first quarter of 2024 and 2023, respectively.

Through the first quarter of 2024, web loss decreased by $0.3 million from in 2023, primarily on account of decrease prices at Donlin Gold and elevated curiosity earnings, partially offset by a rise in curiosity expense on the promissory be aware and better normal and administrative prices. Within the prior first quarter of 2023, Donlin Gold prices included geotechnical drilling for the Alaska Dam Security Certificates. Common and administrative prices elevated primarily on account of company employees additions, together with the hiring of a brand new Common Counsel.

Liquidity and Capital Sources

Within the first quarter of 2024, money and money equivalents decreased by $8.2 million, primarily to fund our share of Donlin Gold and for company administrative bills. The lower in money used within the first quarter of 2024 in comparison with 2023 was on account of decrease funding necessities for Donlin Gold, partially offset by the timing of time period deposit curiosity earnings receipt and better normal and administrative prices.

2024 Outlook

Our anticipated expenditures in fiscal yr 2024 are roughly $31.2 million, together with $14.3 million to fund the Donlin Gold challenge, and $16.9 million for company normal and administrative prices.

NOVAGOLD’s main objectives in 2024 embody persevering with to advance the Donlin Gold challenge towards a development resolution; sustaining help for Donlin Gold among the many challenge’s stakeholders; selling a powerful security, sustainability, and environmental tradition; sustaining a good status of NOVAGOLD; and preserving a wholesome stability sheet. Our operations primarily relate to the supply of challenge milestones, together with the achievement of varied technical, environmental, sustainable growth, financial and authorized targets, acquiring essential permits and sustaining these acquired in good standing, completion of pre-feasibility and feasibility research, preparation of engineering designs and the financing to fund these targets.

Convention Name & Webcast Particulars

NOVAGOLD’s convention name and webcast to debate these outcomes will happen on April 4, 2024, at 8:00 am PT (11:00 am ET). The webcast and convention call-in particulars are supplied beneath.

NOVAGOLD’s quarterly reporting schedule for the rest of 2024 shall be as follows:

• Annual Assembly of Shareholders – Thursday, Could 16, 2024; the assembly shall be held at 4 p.m. ET / 1 p.m. PT.
• Q2 2024 – Wednesday, June 26, 2024; monetary statements and a Donlin Gold challenge replace shall be launched after market shut. A convention name and webcast shall be held on Thursday, June 27, 2024 at 11 a.m. ET / 8 a.m. PT to debate Q2 monetary outcomes.
• Q3 2024 – Wednesday, October 2, 2024; monetary statements and a Donlin Gold challenge replace shall be launched after market shut. A convention name and webcast shall be held on Thursday, October 3, 2024 at 11 a.m. ET / 8 a.m. ET to debate Q3 monetary outcomes.

About NOVAGOLD

NOVAGOLD is a well-financed treasured metals firm centered on the event of its 50%-owned Donlin Gold challenge in Alaska, one of many most secure mining jurisdictions on the planet. With roughly 39 million ounces of gold within the Measured and Indicated Mineral Useful resource classes, inclusive of Confirmed and Possible Mineral Reserves (541 million tonnes at a median grade of roughly 2.24 grams per tonne, within the Measured and Indicated Useful resource classes on a 100% foundation) ³ , the Donlin Gold challenge is regarded to be one of many largest, highest-grade, and most potential recognized open-pit gold deposits on the planet. In response to the 2021 Technical Report and the S-Okay 1300 Report (each as outlined beneath), as soon as in manufacturing, the Donlin Gold challenge is predicted to provide a median of multiple million ounces per yr over a 27-year mine life on a 100% foundation. The Donlin Gold challenge has substantial exploration potential past the designed footprint of the open pit which at the moment covers three kilometers of an roughly eight-kilometer-long gold-bearing development. Present actions on the Donlin Gold challenge are centered on state allowing, engineering research, group outreach, and workforce growth in preparation for the eventual development and operation of this challenge. With a powerful stability sheet, NOVAGOLD is well-positioned to fund its share of allowing and development efforts on the Donlin Gold challenge.

NOVAGOLD Contacts:
Mélanie Hennessey
Vice President, Company Communications
604-669-6227 or 1-866-669-6227

Cautionary Notice Concerning Ahead-Trying Statements

This media launch consists of sure “forward-looking data” and “forward-looking statements” (collectively “forward-looking statements”) throughout the which means of relevant securities laws, together with the US Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements are continuously, however not all the time, recognized by phrases akin to “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “doable”, and related expressions, or statements that occasions, situations, or outcomes “will”, “might”, “may”, “would” or “ought to” happen or be achieved. Ahead-looking statements are essentially based mostly on a number of opinions, estimates and assumptions that administration of NOVAGOLD thought-about applicable and affordable as of the date such statements are made, are topic to recognized and unknown dangers, uncertainties, assumptions, and different components that will trigger the precise outcomes, exercise, efficiency, or achievements to be materially completely different from these expressed or implied by such forward-looking statements. All statements, aside from statements of historic truth, included herein are forward-looking statements. These forward-looking statements embody statements relating to the anticipated timing of sure judicial and/or administrative selections; the 2024 outlook; the timing and potential for a brand new feasibility examine on the Donlin Gold challenge; our objectives and expenditures for 2024; ongoing help supplied to key stakeholders together with Native Company companions; Donlin Gold’s continued help for the state and federal allowing course of; the potential growth and development of the Donlin Gold challenge; the sufficiency of funds to proceed to advance growth of Donlin Gold, together with to a development resolution; perceived advantage of properties; mineral reserve and mineral useful resource estimates; Donlin Gold’s potential to safe the permits wanted to assemble and function the Donlin Gold challenge in a well timed method, if in any respect; authorized challenges to Donlin Gold’s current permits and the timing of selections in these challenges; whether or not the Donlin Gold LLC board will proceed to advance the Donlin Gold challenge up the worth chain; the Firm’s potential to ship on its technique with the Donlin Gold challenge, rising shareholder and stakeholder wealth; the success of the strategic mine plan for the Donlin Gold challenge; the success of the Donlin Gold group relations plan; the result of exploration drilling on the Donlin Gold challenge and the timing thereof. As well as, any statements that seek advice from expectations, intentions, projections or different characterizations of future occasions or circumstances are forward-looking statements. Ahead-looking statements will not be historic information however as a substitute signify the expectations of NOVAGOLD administration’s estimates and projections relating to future occasions or circumstances on the date the statements are made. Vital components that might trigger precise outcomes to vary materially from expectations embody the necessity to acquire further permits and governmental approvals; the timing and probability of acquiring and sustaining permits essential to assemble and function; the necessity for extra financing to discover and develop properties and availability of financing within the debt and capital markets; COVID-19; uncertainties concerned within the interpretation of drill outcomes and geological exams and the estimation of reserves and assets; adjustments in mineral manufacturing efficiency, exploitation and exploration successes; adjustments in nationwide and native authorities laws, taxation, controls or rules and/or adjustments within the administration of legal guidelines, insurance policies and practices, expropriation or nationalization of property and political or financial developments in the US or Canada; the necessity for continued cooperation between Barrick and NOVAGOLD for the continued exploration, the necessity for extra capital if NOVAGOLD decided to proceed with an up to date feasibility examine by itself; growth and eventual development of the Donlin Gold property; the necessity for cooperation of presidency companies and Native teams within the growth and operation of properties; dangers of development and mining initiatives akin to accidents, gear breakdowns, unhealthy climate, illness pandemics, non-compliance with environmental and allow necessities, unanticipated variation in geological buildings, ore grades or restoration charges; sudden price will increase, which may embody vital will increase in estimated capital and working prices; fluctuations in steel costs and forex alternate charges; whether or not or when a constructive development resolution shall be made relating to the Donlin Gold challenge; and different dangers and uncertainties disclosed in NOVAGOLD’s most up-to-date studies on Types 10-Okay and 10-Q, notably the “Danger Components” sections of these studies and different paperwork filed by NOVAGOLD with relevant securities regulatory authorities on occasion. Copies of those filings could also be obtained by visiting NOVAGOLD’s web site at www.novagold.com, or the SEC’s web site at www.sec.gov, or at www.sedarplus.ca. The forward-looking statements contained herein replicate the beliefs, opinions and projections of NOVAGOLD on the date the statements are made. NOVAGOLD assumes no obligation to replace the forward-looking statements of beliefs, opinions, projections, or different components, ought to they modify, besides as required by regulation.

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¹ NOVAGOLD defines a Tier One gold growth challenge as one with a projected manufacturing lifetime of no less than 10 years, annual projected manufacturing of no less than 500,000 ounces of gold, and common projected money prices over the manufacturing life which can be within the decrease half of the trade price curve.

² NOVAGOLD defines Tier One jurisdictions as these ranked within the high threshold by the Funding Attractiveness Index within the Fraser Institute Annual Survey of Mining Firms, 2022.

³ Donlin Gold information as per the report entitled “NI 43-101 Technical Report on the Donlin Gold Challenge, Alaska, USA” with an efficient date of June 1, 2021 (the “2021 Technical Report”) and the report titled “S-Okay 1300 Technical Report Abstract on the Donlin Gold Challenge, Alaska, USA” (the “S-Okay 1300 Report”), dated November 30, 2021. Donlin Gold possesses Measured Sources of roughly 8 Mt grading 2.52 g/t and Indicated Sources of roughly 534 Mt grading 2.24 g/t, every on a 100% foundation and inclusive of Mineral Reserves, of which roughly 4 Mt of Measured Sources and roughly 267 Mt of Indicated Sources inclusive of Reserves is attributable to NOVAGOLD by means of its 50% possession curiosity in Donlin Gold LLC. Unique of Mineral Reserves, Donlin Gold possesses Measured Sources of roughly 1 Mt grading 2.23 g/t and Indicated Sources of roughly 69 Mt grading 2.44 g/t, of which roughly 0.5 Mt of Measured Sources and roughly 35 Mt of Indicated Sources unique of Mineral Reserves is attributable to NOVAGOLD. Donlin Gold possesses Confirmed Reserves of roughly 8 Mt grading 2.32 g/t and Possible Reserves of roughly 497 Mt grading 2.08 g/t, every on a 100% foundation, of which roughly 4 Mt of Confirmed Reserves and roughly 249 Mt of Possible Reserves is attributable to NOVAGOLD. Mineral Reserves and Sources have been estimated in accordance with NI 43-101 and S-Okay 1300