NOVAGOLD RESOURCES INC — Director's Dealing 2016

Apr 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NOVAGOLD RESOURCES INC (NG)
CIK: 0001173420
Period of Report: 2016-04-06

Reporting Person: PAULSON & CO. INC. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-04-06	Common Shares, no par value	S	150000	$5.3400	Disposed	35366057	Indirect
2016-04-06	Common Shares, no par value	S	1633500	$5.3304	Disposed	33732557	Indirect
2016-04-07	Common Shares, no par value	S	200000	$5.4650	Disposed	33532557	Indirect
2016-04-07	Common Shares, no par value	S	230000	$5.4811	Disposed	33302557	Indirect
2016-04-08	Common Shares, no par value	S	350043	$5.7529	Disposed	32952514	Indirect

Footnotes

F1: Paulson & Co. Inc. ("Paulson") is an investment advisor registered under the Investment Advisors Act of 1940. Paulson is the investment manager of investment funds (the "Funds") and certain separately managed accounts (the "Separately Managed Accounts"). John Paulson is the controlling person of Paulson. All securities reported on this Form 4 are owned by the Funds or held in the Separately Managed Accounts.

F2: Each of Paulson and John Paulson may be deemed to indirectly beneficially own the securities directly owned by the Funds or held in the Separately Managed Accounts. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Act"), the filing of this Form 4 shall not be deemed an admission by any person reporting on this Form 4 that such person, for purposes of Section 16 of the Act or otherwise, is the beneficial owner of any equity securities covered by this Form 4.