Form 51-102F3
MATERIAL CHANGE REPORT
Item 1. | Name and Address of Reporting Issuer |
NovaGold Resources Inc. (“NovaGold” or the “Company”) | |
Suite 2300 | |
200 Granville Street | |
Vancouver, BC V6C 1S4 | |
Item 2. | Date of Material Change |
April 1, 2010 | |
Item 3. | News Release |
A press release announcing the material changes referred to in this report was disseminated by Canada NewsWire on April 1, 2010 and filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov. | |
Item 4. | Summary of Material Change |
On April 1, 2010, NovaGold announced that Robert J. (Don) MacDonald, Senior Vice President and Chief Financial Officer, will be leaving NovaGold effective immediately. | |
Item 5. | 5.1 - Full Description of Material Change |
On April 1, 2010, NovaGold announced that Robert J. (Don) MacDonald, Senior Vice President and Chief Financial Officer, will be leaving NovaGold effective immediately. Mr. MacDonald joined NovaGold in 2003 and has served as the chief financial officer of the Company since such time. Mr. MacDonald has agreed to provide consulting services to the Company for the next six months to assist with transitional matters. Elaine Sanders, Vice President Finance, will act as interim Chief Financial Officer while the Company conducts a search for Mr. MacDonald’s replacement. | |
5.2 – Disclosure for Restructuring Transactions | |
None. | |
Item 6. | Reliance on subsection 7.1(2) and (3) of National Instrument 51-102 |
Not applicable. |
2
Item 7. | Omitted Information |
Not applicable. | |
Item 8. | Executive Officer |
The following senior officer of NovaGold is knowledgeable about the material change and may be contacted by any of the Securities Commissions with respect to the change: | |
Elaine Sanders | |
Telephone: (604) 669-6227 | |
Fax: (604) 669-6272 | |
Item 9. | Date of Report |
April 5, 2010 |