NovaGold to Acquire Coast Mountain Power

NovaGold Resources, Inc. (AMEX, TSX: NG) is scheduled to move into production within the next 12 months. The company has one of the largest resource bases of any exploration or development stage precious metals company. NG is advancing three of North America's largest undeveloped gold and copper deposits, they are the Galore Creek gold-silver-copper project, the Donlin Creek gold project in partnership with Barrick Gold Corporation (NYSE: ABX), the Ambler project in partnership with Rio Tinto plc (NYSE: RTP), as well as the company's wholly owned Nome projects including Rock Creek, Big Hurrah and Nome Gold. We anticipate a significant revaluation in the price of NG’s stock as the company advances all of its projects and moves from development stage status to become a high-quality, low-cost gold producer. See full report.