Barrick Acquires Only 12% of NovaGold

Barrick Gold Corporation (NYSE: ABX) announced it has accepted 13.2 million common shares, representing 12.3% of NovaGold Resource Inc.’s (AMEX,TSX: NG) fully diluted common stock. ABX subsequently extended its tender offer at US$16.00 per share to December 6, 2006. This is the sixth extension of its all-cash tender offer, initiated on July 24, 2006 at a price of US$14.50 per share. See full report .