0001062993-09-000529 Sample Contracts

NovaGold Canada Inc. A subsidiary of NovaGold Resources Inc.
Novagold Resources Inc • February 17th, 2009 • Gold and silver ores

We refer to the Galore Creek Partnership Agreement dated August 1, 2007 among NovaGold Canada Inc. (“NovaGold”), Teck Cominco Metals Ltd. (“Teck Cominco”), Galore Creek Mining Corporation, NovaGold Resources Inc. and Teck Cominco Limited, as amended by letter agreement among the same parties dated November 25, 2007 (the “Partnership Agreement”). Capitalized terms used in this letter and not otherwise defined have the meanings ascribed to those terms in the Partnership Agreement.

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