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NovaGold Resources — 2026 10 06 Scottie Resources Corporate Presentation OCT2026 (company IR deck)
NovaGold Resources (NG) · 24 slides · Filed Oct 6, 2026
Every slide of this earnings presentation, with the text as published. Open the original deck ↗ · All NG deck slides
Slide 1 — PRODUCTION
FSE: SR80 TSXV: SCOT OTCQB: SCTSF WWW.SCOTTIERESOURCES.COM CORPORATE PRESENTATION OCTOBER 2026 ACCELERATING TOWARDS PRODUCTION ACCELERATING TOWARDS PRODUCTION
Slide 2 — FORWARD LOOKING STATEMENTS
2 WWW.SCOTTIERESOURCES.COM | TSXV:SCOT | OTCQB:SCTSF | FSE:SR80 † Qualified Persons Thomas Mumford, Ph.D., P.Geo., Scottie Resources Corp., is the Qualified Person as defined by National Instrument 43-101 (NI 43-101) for the Scottie Gold Project, and has reviewed and approved the data disclosed in this presentation, including sampling, analytical, and test data underlying the information disclosure. Forward-looking statements relate to future events or the anticipated performance of the Company and reflect management’s expectations or beliefs regarding such future events and anticipated performance. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”, or the negative of these words or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual performance of the Company to be materially different from any anticipated performance expressed or implied by the forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include risks related to failure to define mineral resources, to convert estimated mineral resources to reserves, the grade and recovery of ore which is mined varying from estimates, future prices of gold and other commodities, capital and operating costs varying significantly from estimates, political risks arising from operating in certain jurisdictions, uncertainties relating to the availability and costs and availability of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, uninsured risks and other risks involved in the mineral exploration and development industry. Although the Company has attempted to identify important factors that could cause actual performance to differ materially from that described in forward-looking statements, there may be other factors that cause its performance not to be as anticipated. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date of this presentation and the Company does not intend, and does not assume any obligation, to update these forward-looking statements. FORWARD LOOKING STATEMENTS FORWARD LOOKING STATEMENTS
Slide 3 — CAPITAL STRUCTURE
3 ANALYST COVERAGE AGENTIS CORMARK SECURITIES VELOCITY CAPITAL 2% GPR Royalty ($8.1 M CAD) $1.5 M CAD Equity Investment Equity Investment, Off-take Agreement $25 M USD Financing STRATEGIC PARTNERSHIPS FRANCO-NEVADA OCEAN PARTNERS $18 M CAD 77,456,436 Market Capitalization $210 M CAD 52 Week Range $1.45 - $3.23 Warrants 1,571,374 Options/RSU/DSU 3,289,000 Fully Diluted 82,316,810 CASH POSITION Issued and Outstanding CAPITAL STRUCTURE CAPITAL STRUCTURE WWW.SCOTTIERESOURCES.COM | TSXV:SCOT | OTCQB:SCTSF | FSE:SR80 HNW / INSTITUTIONAL RETAIL MARKET MANAGEMENT & DIRECTORS
Slide 4 — MANAGEMENT & DIRECTORS
4 DIRECTOR DIRECTOR DIRECTOR DIRECTOR DIRECTOR CORPORATE SECRETARY CFO ERNEST MAST M. Eng., P. Eng JOHN WILLIAMSON P.Geol. STEVEN STEIN ELLIE OWENS J.D., M.Sc. BRENT OMLAND CHRISTINA BODDY B.Sc. CHRIS NOON CPA SEAN MASSE P.Eng THOMAS MUMFORD Ph.D, P.Geo BRADLEY ROURKE C H I E F O P E R ATING O F F I C E R E XE C U T I V E C H A I R PRE S I D E N T & CE O MANAGEMENT DIRECTORS MANAGEMENT & DIRECTORS WWW.SCOTTIERESOURCES.COM | TSXV:SCOT | OTCQB:SCTSF | FSE:SR80
Slide 5 — RECENT ADVANCES
10,000 t bulk sample, mined, crushed transported, and sold SURFACE BULK SAMPLE News released in October 2025, $2600 USD/oz: $215.8 M NPV5%, 60.3% IRR $4200 USD/oz: $668.3 M NPV5%, 153.2% IRR PRELIMINARY ECONOMIC ASSESSMENT Ocean Partners $6 M Equity & $25 M USD Construction and Overrun Facility STRATEGIC PARTNERSHIP 703,000 oz of gold consisting of an underground resource of 528,000 oz at 8.7 g/t and an open pit resource of 174,000 oz at 3.2 g/t MAIDEN RESOURCE RECENT ADVANCES RECENT ADVANCES WWW.SCOTTIERESOURCES.COM | TSXV:SCOT | OTCQB:SCTSF | FSE:SR80
Slide 6 — INVESTMENT HIGHLIGHTS
6 CASH POSITION $20 M CAD INVESTMENT HIGHLIGHTS INVESTMENT HIGHLIGHTS WWW.SCOTTIERESOURCES.COM | TSXV:SCOT | OTCQB:SCTSF | FSE:SR80 LOCATED IN BC’S GOLDEN TRIANGLE INFRASTRUCTURE & ACCESSIBILITY ADVANCED EXPLORATION COMMANDING LAND POSITION EXPERIENCED MANAGEMENT TEAM Prolific Tier 1 mining jurisdiction Favourable geologic position 7 Past-producing mines 40 km from Stewart, BC, and Portland Canal 4-season road access Existing mining infrastructure 6 km trend of high-grade discoveries Deposits outcrop from surface to >500 m depth Rapid expansion of brown & greenfield targets ~58,500 ha in the Stewart Mining Camp Properties adjacent to Cambria Gold Mines and Newmont Mining Independent board with track record of success Deeply entrenched in the Golden Triangle and surrounding communities
Slide 7 — THE GOLDEN TRIANGLE
7 TREATY CREEK TATOGGA RED CHRIS SCHAFT CREEK GALORE CREEK SNIP ESKAY CREEK BRUCEJACK KSM PREMIER HOMESTAKE CONTANGO| $550.9 M | HOMESTAKE NEWMONT | $118 B | BRUCEJACK PRODUCING 350,000 GOLD OZ/YEAR RECENT $3.5 B TAKEOVER TUDOR | $400.3 M | TREATY CREEK 23.3 M OZ GOLD Eq RESOURCE INDICATED⁶ SKEENA | $4.3 B | SNIP, ESKAY CREEK ESKAY CREEK | 5.2 M OZ GOLD Eq RESOURCE M&I5 RECENT US$750 M FINANCING WITH ORION RESOURCES NEWMONT | $118 B | RED CHRIS 980 M T MINERAL RESOURCE ESTIMATE, M&I, 20211 PRODUCED 67.6 M LBS COPPER, 2022 NEWMONT | $118 B | TATOGGA $393 M ACQUISITION OF GT GOLD IN 2021 GOLIATH | $439.4 M | GOLDDIGGER CAMBRIA GOLD | $464.1 M | PREMIER 2,500 TON PER DAY MILL COMMISSIONING, 2024 $50 M INVESTMENT BY CCORI APU, JANUARY 2023 SEABRIDGE | $4.51 B | KSM 88 M OZ GOLD DEPOSIT M&I3 NEWMONT / TECK | GALORE CREEK 5.1 B T COPPER, 9.2 M OZ GOLD, M&I2 TECK | $34 B | SCHAFT CREEK 7.7 B LB COPPER, 6.9 M OZ GOLD, M&I1 T H E P A S T - P R O D U C I N G SCOTTIE GOLD MINE THE GOLDEN TRIANGLE THE GOLDEN TRIANGLE WWW.SCOTTIERESOURCES.COM | TSXV:SCOT | OTCQB:SCTSF | FSE:SR80
Slide 8 — LAND PACKAGE
8 GEORGIA RIVER MINE GRANDUC ROAD Scottie Gold Mine to Stewart, BC - 40 km RED MOUNTAIN DEPOSIT STEWART, BC Deep water shipping port PREMIER MINE & MILL Cambria Gold Mines BRUCEJACK MINE Newmont Mining PAST-PRODUCING SCOTTIE GOLD MINE BRUCEJACK TRANSMISSION LINE 37 A SCOTTIE RESOURCES NEWMONT MINING CAMBRIA GOLD MINES PAST-PRODUCER POWER LINE US-CAN BORDER 4-SEASON ROAD MINFILE OCCURENCE 0 10 20 km Located in BC’s prolific Golden Triangle, Host to seven past-producing mines, with advanced infrastructure in-place. 58,500 HECTARE DISTRICT-SCALE LAND PACKAGE WWW.SCOTTIERESOURCES.COM | TSXV:SCOT | OTCQB:SCTSF | FSE:SR80
Slide 9 — PROJECT OVERVIEW
NEWMONT MINING BRUCEJACK MINE DRILLING AT THE SCOTTIE GOLD MINE, 2025 BLUEBERRY CONTACT ZONE SCOTTIE GOLD MINE PROJECT OVERVIEW PROJECT OVERVIEW 9 GRANDUC ROAD CAMBRIA GOLD MINES PREMIER MINE & MILL ~20 KM SOUTH C & D ZONES
Slide 10 — CONTACT
10 CONTACT CONTACT BLUEBERRY ZONE 30.1 G/T GOLD OVER 23.65 M 194 G/T GOLD OVER 2.40 M 34.6 G/T GOLD OVER 11.90 M Select highlights from 7.44 G/T GOLD 9.79 G/T GOLD 56.4 G/T GOLD 2019-2025 drill programs OVER 34.78 M OVER 25.00 M OVER 3.70 M Strike length of 1.6 km 15.3 G/T GOLD OVER 13.49 M 9.2 G/T GOLD OVER 21.00 M 114.7 G/T GOLD OVER 1.58 M and depth of 525 m 88.4 G/T GOLD OVER 2.00 M 7.07 G/T GOLD OVER 24.55 M 12.5 G/T GOLD OVER 13.30 M Gold-pyrrhotite intrusion-related system 16.5 G/T GOLD OVER 10.00 M 34.5 G/T GOLD OVER 4.70 M 53.2 G/T GOLD OVER 3.00 M occurring along an andesite-siltstone contact 8.21 G/T GOLD OVER 19.00 M 7.43 G/T GOLD OVER 18.75 M 4.94 G/T GOLD OVER 28.80 M 130 G/T GOLD OVER 1.05 M 22.2 G/T GOLD OVER 6.35 Mv 22.3 G/T GOLD OVER 6.10 M 8.96 G/T GOLD OVER 13.70 M 8.07 G/T GOLD OVER 14.60 M 17.4 G/T GOLD OVER 6.57 M 37 G/T GOLD OVER 2.85 M 8.6 G/T GOLD OVER 11.30 M 2.05 G/T GOLD OVER 44.00 M WWW.SCOTTIERESOURCES.COM | TSXV:SCOT | OTCQB:SCTSF | FSE:SR80
Slide 11 — 11
11 WWW.SCOTTIERESOURCES.COM | TSXV:SCOT | OTCQB:SCTSF | FSE:SR80
Slide 12 — THE SCOTTIE
Historic drilling was production focused Average hole length was only 75.2 m long Mine produced 95,426 ounces of gold from 1981-1984 Average recovered grade of 16.2 g/t gold Operated with a 10 g/t gold cutoff Mine Permit (M139) - Care and Maintenance THE SCOTTIE GOLD MINE THE SCOTTIE GOLD MINE UNDERGROUND WORKINGS GOLD-SILVER VEINS 2025 DRILLING 12 WWW.SCOTTIERESOURCES.COM | TSXV:SCOT | OTCQB:SCTSF | FSE:SR80
Slide 13 — 703
PIT CONSTRAINED RESOURCE UNDERGROUND RESOURCE varies Released May 7, 2025 Cutoff Au (g/t) 2.5 Tonnes (ktonnes) 1,897 Au Metal (kOz) 528 Cutoff Au (g/t) 0.7 Tonnes (ktonnes) 1,707 Au (g/t) 3.17 Au Metal (kOz) 174 Au (g/t) 8.66 Cutoff Au (g/t) Tonnes (ktonnes) 3,604 Au (g/t) 6.06 Au Metal (kOz) 703 RESOURCE ESTIMATE RESOURCE ESTIMATE WWW.SCOTTIERESOURCES.COM | TSXV:SCOT | OTCQB:SCTSF | FSE:SR80 703 kOz GOLD 174 kOz 528 kOz
Slide 14 — DSO
14 Commence open pit mining, reducing capital costs as well as start-up and operational risk STRATEGY STRATEGY TIMING Structural supply deficit in the Asian copper smelter market allows for extremely low treatment charges for the foreseeable future PERMITS Existing mine permit (M139) currently in place, providing pathway to near term production POSITION Located 40 km from a deep-sea shipping terminal in one of the lowest- cost commercial shipping lanes between North America and Asia Using ore sorting technology, DSO will eliminate the need for a gold processing plant and tailings facility, significantly reducing both the capital required and the environmental footprint. DSO OPERATION WWW.SCOTTIERESOURCES.COM | TSXV:SCOT | OTCQB:SCTSF | FSE:SR80
Slide 15 — BLUEBERRY MINE PLAN
15 Mine payback 1.2 years (US$2600 DSO model) Open pit grade 7.71 g/t gold (79,400 oz) • De-risks project with rapid project payback Underground grade 6.91 g/t gold (315,800 oz) Contract mining for both open pit and underground BLUEBERRY MINE PLAN BLUEBERRY MINE PLAN P R E L I M I N A R Y E C O N O M I C A S S E S S M E N T WWW.SCOTTIERESOURCES.COM | TSXV:SCOT | OTCQB:SCTSF | FSE:SR80
Slide 16 — SCOTTIE GOLD MINE PLAN
16 Underground grade 6.07 g/t gold (87,800 oz) Detailed surveying of existing workings required • May help with sterilization of adjacent stopes • Planned for 2026 Planned as all new development • Opportunity for rehab of old workings SCOTTIE GOLD MINE PLAN SCOTTIE GOLD MINE PLAN P R E L I M I N A R Y E C O N O M I C A S S E S S M E N T WWW.SCOTTIERESOURCES.COM | TSXV:SCOT | OTCQB:SCTSF | FSE:SR80
Slide 17 — DSO MINE PLAN
17 Initial Capital Cost of $128.6 M CAD • Camp set back from mining activities • Integrated shop / warehouse and LNG powerplant • Crushing and sorting plant (pictured below) • Covered stockpiles of sorted ore and fines • Waste rock storage facility • SGM avalanche shelter SCOTTIE GOLD MINE DSO MINE PLAN SCOTTIE GOLD MINE DSO MINE PLAN P R E L I M I N A R Y E C O N O M I C A S S E S S M E N T WWW.SCOTTIERESOURCES.COM | TSXV:SCOT | OTCQB:SCTSF | FSE:SR80
Slide 18 — SCOTTIE GOLD MINE DSO FINANCIALS
3 5 , 0 0 0 3 0 , 0 0 0 2 5 , 0 0 0 2 0 , 0 0 0 1 5 , 0 0 0 1 0 , 0 0 0 5,000 0 ORE S O R T E R GOLD P R O D U C T I O N (oz) Y1 Q1 Y2 Q1 BLUEBERRY OPEN PIT Y3 Q1 Y4 Q1 Y5 Q1 BLUEBERRY UNDERGROUND Y6 Q1 Y7 Q1 SGM UNDERGROUND Y8 Q1 ANNUAL QUARTERLY GOLD PRODUCTION MINE LIFE AVERAGE GRADE GOLD RECOVERY AVG. ANNUAL PRODUCTION AVG. ANNUAL SORTED TONNAGE 7 YEARS 6.86 g/t gold 94.7% 65,400 Oz 274 kt PEA DSO Base Case USD$2600/oz gold, released October 28th, 2025 NPV5% IRR PAYBACK NPV/CAPEX $215.8 M CAD 60.3% 1.2 YRS 1.7 NPV5% IRR PAYBACK NPV/CAPEX $442.0 M CAD 107.9% 0.8 YRS 3.4 NPV5% IRR PAYBACK NPV/CAPEX $668.3 M CAD 153.2% 0.6 YRS 5.2 PRELIMINAR YECONOMICASSESSMENT SCOTTIE GOLD MINE DSO FINANCIALS P R E L I M I N A R Y E C O N O M I C A S S E S S M E N T SCOTTIE GOLD MINE DSO FINANCIALS WWW.SCOTTIERESOURCES.COM | TSXV:SCOT | OTCQB:SCTSF | FSE:SR80 AFTER-TAX VALUE | GOLD PRICE $2600 USD/oz AFTER-TAX VALUE | GOLD PRICE $3400 USD/oz AFTER-TAX VALUE | GOLD PRICE $4200 USD/oz
Slide 19 — TOLL MILLING SCENARIO
PEA DSO Base Case USD$2600/oz gold, released October 28th, 2025 NPV5% IRR PAYBACK NPV/CAPEX $380.1 M CAD 89.9% 0.9 YRS 3.0 NPV5% IRR PAYBACK NPV/CAPEX $606.0 M CAD 135.2% 0.7 YRS 4.7 NPV5% IRR PAYBACK NPV/CAPEX $831.7 M CAD 177.5% 0.5 YRS 6.5 Conceptual Toll Milling Opportunity with Premier Mill • No agreement currently in place • Located 20 km en route to bulk terminal Compelling financial opportunity for both operations TOLL MILLING SCENARIO TOLL MILLING SCENARIO P R E L I M I N A R Y E C O N O M I C A S S E S S M E N T WWW.SCOTTIERESOURCES.COM | TSXV:SCOT | OTCQB:SCTSF | FSE:SR80 AFTER-TAX VALUE | GOLD PRICE $2600 USD/oz AFTER-TAX VALUE | GOLD PRICE $3400 USD/oz AFTER-TAX VALUE | GOLD PRICE $4200 USD/oz PREMIER MILL SCOTTIE 20 KM PORT 20 KM
Slide 20 — RESOURCE UPSIDE
20 C & D ZONE 36.3 g/t Au over 5.0 m 31.8 g/t Au over 4.0 m 6.82 g/t Au over 6.85 m MAYOR 9.48 g/t Au & 2,000 g/t Ag grab sample 1.06 g/t Au & 3,510 g/t Ag grab sample NOT INCLUDED IN MRE STOCKWORK ZONE 5.28 g/t Au over 4.5 m DOMINO 2.48 g/t Au over 15.46 m 12.4 g/t Au over 2.69 m 536 g/t Au grab sample WOLF ZONE 6.85 g/t Au over 5.85 m BEND INCLUDED IN MRE 73.32 g/t Au over 4.28 m 46.53 g/t Au over 1.14 m BLUEBERRY PARTIALLY INCLUDED IN MRE 194.0 g/t Au over 2.4 m 34.6 g/t Au over 11.9 m 7.4 g/t Au over 34.8 m 9.8 g/t Au over 25.0 m 161 g/t Au over 1.3 m O-ZONE LIMITED INCLUSION IN MRE 109.4 g/t Au over 2.53 m 11.0 g/t Au over 7.5 m 6.19 g/t Au over 8.7 m SCOTTIE GOLD MINE M-ZONE PARTIALLY INCLUDED IN MRE 37.6 g/t Au over 4.1 m 37.2 g/t Au over 3.71 m 11.7 g/t Au over 10.95 m SCOTTIE GOLD MINE AT LEAST PARTIAL INCLUSION IN MRE Top Intercepts from 2019 - 2024 RESOURCE UPSIDE Top Intercepts from 2019 - 2024 RESOURCE UPSIDE Top Intercepts from 2019 - 2024 WWW.SCOTTIERESOURCES.COM | TSXV:SCOT | OTCQB:SCTSF | FSE:SR80
Slide 21 — 2026 WORK PROGRAM
21 50,000m drill program focused on resource upgrade and expansion, including ~15,000m of exploration drilling Large geophysical surveys (3DIP and MT) Feasibility level mine design engineering Phase III ore sorting study Year 2 of environmental baseline studies 2026 WORK PROGRAM 2026 WORK PROGRAM WWW.SCOTTIERESOURCES.COM | TSXV:SCOT | OTCQB:SCTSF | FSE:SR80
Slide 22 — SGM PROJECT TIMELINE
Q1 Q2 Q3 Q4 2026 Q1 Q2 Q3 Q4 2027 Q1 Q2 Q3 Q4 2028 CONSTRUCTION EARLY WORKS EARLY WORKS FEASIBILITY STUDY ENGINEERING IBA IMPLEMENTATION ONGOING ENGAGEMENT WITH FIRST NATIONS FIRST NATIONS PERMITTING COLLABORATION AGREEMENT & BENEFIT NEGOTIATIONS INDIGENOUS PARTNERSHIP ONGOING ENVIRONMENTAL MONITORING ENVIRONMENTAL BASELINE STUDIES (MIN 24 MONTHS) ENVIRONMENTAL JPAA REVIEW JPAA DEVELOPMENT EA ENGAGEMENT PERMITTING PRODUCTION PERMIT RECEIVED PERMIT APPLICATION SUBMITTED ENVIRONMENTAL BASELINE COMPLETE FEASIBILITY STUDY & RESOURCE UPDATE EA PATHWAY DECISION MILESTONES SGM PROJECT TIMELINE PROJECT PROCUREMENT DETAILED ENGINEERING
Slide 23 — OUR VALUES
Fully independent, diverse board. Ongoing site clean up operations. Environmental monitoring and water sampling program. Land donation of 1010 hectares to the Meziadin Indigenous Protection Area in partnership with the Nature Conservancy of Canada. Committed to offering employment, training, and contracting opportunities to local First Nations and surrounding community members. Tsetsaut Skii km Lax Ha Nation Nisga’a Lisims Government Active involvement from local Indigenous groups in project development and exploration. OUR VALUES IN ACTION OUR VALUES IN ACTION 23 WWW.SCOTTIERESOURCES.COM | TSXV:SCOT | OTCQB:SCTSF | FSE:SR80
Slide 24 — THOMAS MUMFORD
1 Schaft Creek Preliminary Economic Assessment (PEA), NI 43-101 Technical Report, Sept 10, 2021 2 Galore Creek Reserves and Resources, Teck Annual Report, 2018 3 KSM Prefeasibility Study and Preliminary Economic Assessment, NI 43-101 Technical Report, Aug 8, 2022 F O O T N O T E S 4 Red Chris Operations British Columbia, Canada NI 43-101 Technical Report, Jun 30, 2021 5 Eskay Creek Project NI 43-101 Technical Report and Feasibility Study, Sept 19, 2022 6 NI-43-101 Technical Report for the Treaty Creek Project, Apr 28, 2023 WWW. S C O T T I E R E S O U R C E S . C O M 905-1111 West Hastings St., Vancouver, BC, V6E 2J3, Canada THOMASMUMFORD THOMAS MUMFORD PRESIDENT & CEO +1 604 910-2079 [email protected]