Novagold Resources Inc.

Thank you for standing by. This is the conference operator. Welcome to the NOVA Gold first quarter 2026 financial results conference call and webcast. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press star then one on your telephone keypad. You'll hear a tone acknowledging your request. Should you need assistance during the conference call, you may reach an operator by pressing star then zero. Webcast viewers may submit questions through the text box in the lower right corner of the webcast frame. I would now like to turn the conference over to Melanie Hennessey, Vice President, Corporate Communications. Please go ahead.

Thank you, Gaylene. Good morning, everyone. We are pleased that you have joined us for Novogold's 2026 first quarter webcast and conference call. and for an update on the Donlon Gold project. On today's call, we have Novogold's Chairman, Dr. Thomas Kaplan, President and CEO, Greg Lang, and Novogold's Vice President and CFO, Peter Adamak. At the end of the webcast, we will take questions by phone. Additionally, we will respond to questions received via email in the webcast. I would like to remind you, as stated on slide three, Any statements made today may contain forward-looking information, such as projections and goals, which are likely to involve risks detailed in our various EDGAR and CDAR filings, and forward-looking disclaimers included in this presentation. With that, I will now turn the presentation over to NOVA Gold's President and CEO, Greg Lang. Greg?

Thank you, Melanie. On slide five, we highlight the key attributes that make the Donlin project unique in the gold industry. Donlin has a combination of scale, grade, long life, low operating costs, and significant upside potential in the exploration areas, and we're in a safe jurisdiction. With about 40 million ounces of reserves and resources, At two and a quarter grams, Donlan has got grade better than twice the industry average. Our known resource occupies only 5% of our total land holdings. And there is considerable potential to increase this strong reserve base. We're also fortunate to have long-term committed shareholders who understand the value