Joint investor conference call - Monday, November 26 at 9:00 am EST (6:00 am PST)
拨号1-866-898-9626

November 26, 2007 - Vancouver, British Columbia - NovaGold Resources Inc. (AMEX: NG, TSX: NG) and Teck Cominco Limited (TSX: TCK.A, TCK.B; NYSE: TCK) today announced they will suspend construction activities at the Galore Creek copper-gold-silver project in northwestern British Columbia. A recent review and completion of the first season of construction indicate substantially higher capital costs and a longer construction schedule for the project. This, combined with reduced operating margins as a result of the stronger Canadian dollar, would make the project, as now conceived and permitted, uneconomic at current consensus long-term metal prices. NovaGold and Teck Cominco continue to view the property as a substantial resource and will initiate a comprehensive review to evaluate alternative development strategies. The Galore Creek partnership will conduct an orderly suspension of construction activities and will work with employees, the Tahltan Nation, local communities and other stakeholders to minimize the impacts of this decision.

2007年4月，NovaGold保留了一个独立工程公司的Amec Americas Limited（“Amec”），审查2006年10月的Galore Creek可行性研究和开始项目工程。该评论涵盖了整个项目，重点是矿山设施和尾矿和水管理结构的建设。

到2007年10月中旬，AMEC的初步工作表明，资本成本将明显高于最初估计。因此，Novagold和Teck Cominco开始了一个涉及七个工程团队的项目战略审查，以评估AMEC工作。在本次审查期间，估计的成本继续增加，诺马尔德和Teck Cominco现在有足够的信息表明该项目的资本成本可能接近50亿美元。工程评论正在进行中。

Although there have been changes in scope from the original feasibility study, the largest portion of the capital cost increase is related to the complex sequencing of activities necessary to build the tailings dam and water management structures, and the resulting extension of the construction schedule by 18 to 24 months. The project has also been affected by the rapidly escalating capital costs affecting major construction projects world-wide.

鉴于这些发展，诺马德和泰克康米纳公司同意暂停建设，并修改Teck Cominco与该项目有关的义务的义务。根据“修订安排，Teck Cominco将在合作伙伴关系中投资额外的7200万美元，主要用于重新评估该项目并在未来5年内评估替代发展策略。Teck Cominco在2007年8月1日以后产生的其他项目成本的唯一资助现在总计2.63亿美元。NovaGold和Teck Cominco将分享下一十百万美元的项目分别为33％和67％，此后将分享成本。

“诺贝格州总统兼首席执行官Rick Van Nieuwenhuyse说：”NovaGold已经努力推动这个项目。““我们在大量审查后达成了这一决定，我们分享了员工，塔赫兰国家，所有利益攸关方和当地社区的失望。我们将与Teck Cominco密切合作，以解锁这一世界级资源的潜力。NovaGold将通过推进我们的投资组合中的其他项目，特别是阿拉斯加的Donlin Creek项目，继续为股东增加价值。“

Teck Cominco的总裁兼首席执行官Don Lindsay表示，“这在过去几年中已经发现了很少有铜金矿床，尽管该行业已经在全球范围内投入了数十亿美元的探索。加勒科希尔是一个实质性的资源，我们将继续努力确定如何以及何时最佳开发。“

There are over 400 contractors and employees currently working on the Galore Creek project. In order to suspend activities, the partnership will review its personnel and supplier requirements over the weeks ahead. During this period and into 2008, the partnership will work with the Tahltan Nation and government regulators to develop a strategy to put the project on care and maintenance.

The Galore Creek project is owned by a 50/50 partnership between NovaGold and Teck Cominco with all aspects of the project overseen by Galore Creek Mining Corporation, a jointly controlled operating company.

“加利福河队已经向最高标准运营了这个项目，”加拉雷克矿业公司总裁道格布朗说。“今年的特殊进展，团队共同努力提供建设和伙伴关系预期。伙伴关系致力于通过这一艰难时期支持其员工，承包商，供应商和合作伙伴。“

预计铜和黄金的长期需求将保持强劲，加利福河属性含有世界上最大的未开发铜和黄金资源之一。不列颠哥伦比亚省是投资的好地方，两家公司都致力于在该省工作。NovaGold和Teck Cominco将继续评估该项目的目标，以确定为股东，泰国国家和当地社区带来价值的可行发展战略。

NovaGold和Teck Cominco期望在这个项目上写下，并正在努力确定金额和时间。

关于NovaGold
NovaGold is a gold and copper company engaged in the exploration and development of mineral properties in Alaska and Western Canada. The Company is rapidly moving to production at its 100%-owned Nome Operations in Alaska, which includes Rock Creek, Big Hurrah and Nome Gold. NovaGold owns 50% of the Donlin Creek gold project in Alaska, one of the world’s largest gold deposits, in a joint venture with Barrick Gold. Also in Alaska, NovaGold is earning a 51% interest as manager of the high-grade Ambler copper-zinc-silver-gold project in partnership with Rio Tinto. NovaGold has one of the largest reserve and resource bases of any exploration or development-stage precious metals company. NovaGold trades on the TSX and AMEX under the symbol NG. More information is available online atwww.novagold.net.or by e-mail atinfo@novagold.net.。

关于前瞻性陈述的警告说明
本新闻稿包括1995年美国私营证券诉讼改革法案的含义内的某些“前瞻性陈述”，以及证券法案（安大略省）所定义的前瞻性信息。除了历史事实的陈述之外的所有陈述，包括但不限于潜在的矿化和勘探结果，建设和生产时间以及成本估算，预计允许达成的计划和未来计划，行动，目标和成就，以及诺比州的陈述，行动，目标和成就的陈述Teck Cominco，是前瞻性陈述和前瞻性信息。前瞻性陈述涉及各种风险和不确定性。没有保证此类陈述将被证明是准确的，实际结果和未来事件可能与在此类陈述中预期的那些方面有所不同。可能导致实际结果与NovaGold和Teck Cominco的预期产生实际结果的重要因素包括黄金，铜和其他商品价格和货币汇率的波动;资本和运营成本估计的不确定性，生产估计和估计经济回报;需要获得额外的融资，以发展Galore Creek项目和对未来融资的可用性和条款的不确定性;需要政府机构和第一国集团在勘探，允许和发展的探索，允许和发展的必要性;金融市场的不利发展的可能性一般; the possibility of delay in permitting, exploration, development or construction programs and uncertainties as to permit and approval requirements and meeting project milestones; and other risks and uncertainties disclosed under the heading “Caution Regarding Forward-Looking Statements” and elsewhere in NovaGold’s and Teck Cominco’s Annual Information Forms for the year ended November 30, 2006 and December 31, 2006, respectively, filed with the Canadian securities regulatory authorities, in NovaGold’s and Teck Cominco’s annual reports on Form 40-F filed with the United States Securities and Exchange Commission and in other information released by NovaGold and Teck Cominco and filed with the appropriate regulatory agencies.

Novagold Resources Inc.和Teck Cominco Limited将举办2007年11月26日星期一的投资者电信会员。

Participating in the call will be:

Rick Van Nieuwenhuyse，Novagold Resources Inc.总裁兼首席执行官兼首席执行官
Don Lindsay，主席和首席执行官Teck Cominco Limited

投资者电话会议细节：
日期：2007年11月26日星期一
时间：在上午9:00之前拨入（凌晨6:00）
细节:请先拨1-866-898-9626 th和请求e NovaGold/Teck Cominco teleconference

关于t
Teck Cominco是一家多元化的采矿公司，总部位于加拿大温哥华。它的股票列于多伦多证券交易所下面的标志TCK.A和TCK.B，并在符号TCK下的纽约证券交易所。该公司是锌和冶金煤炭生产的全球领导者，也是铜，金和特种金属的重要生产国。更多信息可以在www.teckcominco.com上找到。

接触s:
NovaGold Resources Inc.
1-866-669-6227
Greg Johnson
Vice President, Corporate Communications & Strategic Development
Rhylin Bailie
经理，企业和投资者关系

tCominco Limited
604-687-1117
Doug Horsilill.
环境和企业事务高级副总裁
Greg Waller
投资者关系和战略分析副总裁