联合投资者会议 - 11月26日星期一上午9:00埃斯特（6:00 AM PST）
Dial-in 1-866-898-9626

2007年11月26日 - Vancouver，不列颠哥伦比亚省 - 诺瓦德资源公司（AMEX：NG，TSX：NG）和Teck Cominco Limited（TSX：TCK.A，TCK.B;纽约证券交易所代码：TCK）今天宣布，他们将暂停英国哥伦比亚西北部的Galore Creek铜金银项目的建筑活动。最近的审查和完成第一个施工季节表明，该项目的资本成本和更长的施工时间表。这加上了加拿大元更强的运营利润率，将使该项目成为现设立和允许的项目，以经济的长期金属价格不经济。NovaGold和Teck Cominco继续将该物业视为大量资源，并将启动全面的审查以评估替代发展战略。加利福河合作伙伴关系将有序暂停建筑活动，并将与员工，塔勒坦国家，当地社区和其他利益攸关方合作，以尽量减少这一决定的影响。

In April 2007, NovaGold retained AMEC Americas Limited (“AMEC”), an independent engineering firm, to review the October 2006 Galore Creek Feasibility Study and commence project engineering. The review covered the entire project with a focus on construction of the mine facilities and tailings and water management structures.

By mid-October 2007, AMEC’s preliminary work indicated that capital costs would be significantly higher than originally estimated. As a result, NovaGold and Teck Cominco commenced a project strategy review, involving seven engineering teams, to assess the AMEC work. Estimated costs have continued to increase during this review, and NovaGold and Teck Cominco now have sufficient information to indicate that the capital cost of the project could approach as much as $5 billion. The engineering review is ongoing.

虽然来自原始可行性研究的范围变化，但资本成本增加的最大部分与建立尾矿大坝和水管理结构所需的活动的复杂序列以及施工时间表的延长到24个月。该项目也受到影响全球主要建筑项目的迅速升级的资本成本影响。

In light of these developments, NovaGold and Teck Cominco have agreed to suspend construction and amend the terms of Teck Cominco’s earn-in obligations in connection with the project. Under the amended arrangements Teck Cominco will invest an additional $72 million in the partnership to be used principally to reassess the project and evaluate alternative development strategies over the next 5 years. Teck Cominco’s sole funding of other project costs incurred after August 1, 2007 will now total $263 million. NovaGold and Teck Cominco will share the next $100 million of project costs 33% and 67% respectively, and will share costs proportionately thereafter.

“NovaGold has worked for years to advance this project toward production,” said Rick Van Nieuwenhuyse, President and CEO of NovaGold. “We reached this decision after considerable review and we share the disappointment of our employees, the Tahltan Nation, all stakeholders and local communities. We will work closely with Teck Cominco to unlock the potential of this world-class resource. NovaGold will continue to add value for shareholders by advancing the other projects in our portfolio, particularly the Donlin Creek project in Alaska.”

Teck Cominco’s President and CEO, Don Lindsay, said, “Very few copper-gold deposits of this quality have been discovered over the last few years even though the industry has invested billions of dollars in exploration world-wide. Galore Creek is a substantial resource and we will continue to work to determine how and when it can best be developed.”

有400多个承包商和员工目前正在加利福尼克项目工作。为了暂停活动，伙伴关系将在未来几周内审查其人员和供应商的要求。在此期间和2008年期间，伙伴关系将与Tahltan国家和政府监管机构合作，制定策略，以便将项目进行护理和维护。

Galore Creek项目由Novagold和Teck Cominco之间拥有的50/50伙伴关系，其中包括Galore Creek Mining Corporation的项目，该公司是一个共同控制的运营公司。

“The Galore Creek team has operated this project to the highest standards,” said Doug Brown, President of Galore Creek Mining Corporation. “Exceptional progress was made this year, and the team worked together to deliver on construction and partnership expectations. The partnership is committed to supporting its employees, contractors, suppliers and partners through this difficult period.”

Long-term demand for copper and gold is expected to remain strong and the Galore Creek property contains one of the world’s largest undeveloped copper and gold resources. British Columbia is a good place to invest and both companies remain committed to working in the province. NovaGold and Teck Cominco will continue to evaluate the project with the goal of identifying a viable development strategy that brings value to shareholders, the Tahltan Nation and local communities.

NovaGold and Teck Cominco expect there will be write downs on this project and are working to determine the amount and timing.

关于诺瓦格尔
NovaGold是一家金牌公司，从事阿拉斯加和加拿大西部矿产物质的勘探和开发。该公司在阿拉斯加的100％诺姆营运中迅速迁移到生产，包括摇滚溪，大欢乐和诺姆金。NovaGold拥有世界上最大的金钱之一的阿拉斯加德林溪金项目的50％，在与Barrick Gold的合资企业中。同样在阿拉斯加，诺塔尔永道正在获得51％的利息，成为高档Ambler铜 - 锌 - 银牌的经理，与Rio Tinto合作。NovaGold拥有任何勘探或发展阶段贵金属公司最大的储备和资源基础之一。Novagold在符号NG下的TSX和Amex上交易。更多信息在线提供www.novagold.net或通过电子邮件info@novagold.net..

Cautionary Note Regarding Forward-Looking Statements
这个新闻稿包含某些“forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information as defined in the Securities Act (Ontario). All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and exploration results, construction and production timing and cost estimates, anticipated permitting results and timing and future plans, actions, objectives and achievements of NovaGold and Teck Cominco, are forward-looking statements and forward-looking information. Forward-looking statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from NovaGold’s and Teck Cominco’s expectations include fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainty of estimates of capital and operating costs, production estimates and estimated economic return; the need to obtain additional financing to develop the Galore Creek project and uncertainty as to the availability and terms of future financings; the need for cooperation of government agencies and First Nations groups in the exploration, permitting and development of Galore Creek; the possibility of adverse developments in the financial markets generally; 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. and Teck Cominco Limited will hold an investor teleconference Monday, November 26, 2007.

参加电话将是：

Rick Van Nieuwenhuyse, President and Chief Executive Officer, NovaGold Resources Inc.
Don Lindsay, President and Chief Executive Officer, Teck Cominco Limited

INVESTOR TELECONFERENCE DETAILS:
DATE: Monday, November 26, 2007
TIME: Dial in prior to 9:00 am EST (6:00 am PST)
DETAILS: Please dial 1-866-898-9626 and request the NovaGold/Teck Cominco teleconference

关于teck.
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。

联系方式：
NovaGold Resources Inc.
1-866-669-6227
格雷格约翰逊
公司通信和战略发展副总裁
rhylin bailie.
Manager, Corporate & Investor Relations

Teck Cominco Limited.
604-687-1117
Doug Horswill
Senior Vice President, Environment and Corporate Affairs
格雷格·沃勒
Vice President, Investor Relations & Strategic Analysis