Good day, ladies and gentlemen, and welcome to the NOVAGOLD Fourth Quarter 2013 Conference Call and Webcast. My name is Rachael, and I will be your operator for today. At this time all participants are in a listen-only mode. We will conduct a question-and-answer session towards the end of this conference. (Operator Instructions) As a reminder, this call is being recorded for replay purposes. And now I would like to turn the call over to Melanie Hennessey, Vice President of Corporate Communications. Please proceed. Mélanie Hennessey: Thank you, Rachael. Good morning, everyone. We are pleased that you are with us today for NOVAGOLD’s fourth quarter and year-end results. And to hear an update on the development of the Donlin Gold and Galore Creek projects. On today’s call we have Greg Lang, NOVAGOLD’s President and CEO; and David Ottewell, NOVAGOLD’s Vice President and CFO. At the end of the formal part of the presentation, we will take questions, both by phone and by e-mail. Before we get started, I would like to remind our listeners that any statements made today by the management team may contain forward-looking information such as projections and goals, which are likely to involve risks detailed in our various EDGAR and SEDAR filings, and in various forward-looking disclaimers included in our year end financials release and in this presentation. With that, I have the great pleasure of introducing Greg Lang, NOVAGOLD’s President and CEO. Greg?

Thank you, Mélanie. Good morning, everyone, and thank you for joining the call this morning. For those of you who are less familiar with NOVAGOLD, we have two great assets located in North America as featured on the map on slide four. Our flagship asset Donlin Gold, one of the industry’s largest undeveloped gold deposits is located in Alaska, and held in a 50/50 partnership with Barrick Gold Corporation. At the Galore Creek project, our copper-gold deposit is located in British Columbia, which is expected to be the largest and lowest cost copper mine in Canada. Galore Creek is held in a 50/50 partnership with Teck. We continue to offer evaluate opportunities to sell our interest in the Galore Creek project and use the proceeds to further strengthen our balance sheet. On slide five, I’m very pleased with the substantial progress achieved in 2013, as shown on, it’s been a very productive year for NOVAGOLD. Our achievements can be broken down into three areas. First, we advanced the permitting process at Donlin Gold, which continues on schedule and under budget. Secondly, through a successful drilling campaign, we identified significant extensions to the mineralization at Galore Creek, and we are now able to position ourselves to maximize the value of this asset. And lastly, following the reorganization of 2012, and divestiture of non-core assets, we streamlined our processes, substantially reduced expenditures, and strengthened our balance sheet. We continue to deal with the company to provide the greatest and safest long-term leverage to gold. I will now hand it over to David who will take you through our fourth quarter and year-end results in more detail, after which time I will provide an overview of last year’s activities at Donlin and Galore.

Thank you, Greg. Turning to slide six, during the fourth quarter, spending at our projects was lower than the first three quarters in under budget for the full year. At Donlin, our share of cash funding in the fourth quarter was $2 million for a total of $12.2 million in 2013, compared to a budget of $15 million for the year. In 2013, activities at Donlin Gold included supporting permitting activities and the preparation of the preliminary draft EIS by the Corps, as well as community engagement. At Galore Creek, our share of cash funding in the fourth quarter was $0.8 million for a total of $6.6 million in 2013, compared to a budget of $8 million for the year. Spending in the fourth quarter was lower, as the camp was closed after the completion of the drilling program in Q3. As we previously reported, the company is required to report with the SEC on domestic forms and comply with domestic company rules. Therefore, today we filed our 2013 financial statements under U.S. GAAP and in U.S. dollars on Form 10-K with the SEC and in Canada on SEDAR. Slide seven highlights our income statement items for 2013. Our operating loss decreased dramatically by 30% compared to the prior year. Our share of project expenses have been reduced along with our corporate overhead. The net loss from continuing operations in 2012, included a $76 million gain on derivative liabilities related to warrants in our convertible notes. Turning to our cash flow on slide eight. The cash used in operating activities was $19.5 million in 2013, primarily for corporate administration, working capital and interest on our convertible notes. Investing activities include a $110 million invested in term deposits and $18.8 million for our share of funding at Donlin Gold and Galore…

Thank you, David. Our core focus in 2014 is to continue advancing the permitting at Donlin Gold. As David noted, we will also be undertaking various technical studies on Galore Creek with Teck, while we are evaluating opportunities to monetize this asset. Our community engagement initiatives and activities are equally important in maintaining our social license to operate where our projects are located. Before I provide and update on Donlin Gold and Galore Creek I wanted to highlight why the quality of an asset is so important today. Slide 12 shows Donlin has a track record of exceptional growth, and with 39 million ounces of resources, it was more than sufficient for us to complete the feasibility study and more recently, move into permitting. Beyond the sheer scale of Donlin, it’s noteworthy to point out that the reserves were calculated at $975 an ounce, well below what most of the industry is using today. In terms of quality as shown on the bar chart on slide 13, Donlin is considered to be an exceptionally high grade for a large scale bulk mining operation, and one of the most valuable undeveloped open pit gold deposits in the industry. The grade at Donlin is, in fact, where the industry was 10 years ago. When compared to the largest producers on slide 14, Donlin’s grade would be near the top of the list. This is a very important quality in the context of the challenges facing the metals industry, as reserve grades continue to decline and sources for emerging production to replace mined-out capacity are becoming increasingly scarce. In addition to grade, with close to 40 million ounces of gold and 1 million ounces per year annual production over a 27-year mine life, Donlin is one of the most important undeveloped gold assets.…

Thank you. (Operator Instructions) We do have a question that’s come through and it’s from the line of John Bridges of JPMorgan. Please proceed. John D. Bridges – JPMorgan Securities LLC: Good morning, Greg, everybody. Congratulations on being in the sweet spot in the gold industry, where you’re sort of on a little island of stability.

Thank you, John. John D. Bridges – JPMorgan Securities LLC: I just wondered, with the permitting, you’ve got the large mine permitting group helping you in Alaska. How is that working out? Is that helping? Could you give us a bit of detail on how that’s developing?

John you’re correct, there is a large permitting, mine permitting group in Alaska and they’re working very closely with all the various state agencies, our native corporation partners and many of the local stakeholders, it’s a concept that has worked well in Alaska before and it certainly helps enhance the cooperation and communication between all the different agencies involved with permitting a large scale project like this. So it’s yes we are pleased with where we’re at John, and we will just continue to press on. And I think you’re right. We certainly may feel like we’re in a very sweet spot of low demands on our capital and very strong balance sheet. John D. Bridges – JPMorgan Securities LLC: Right. I know there was some concern about the interaction of having the gas pipeline permitting together with the mine permitting. How is that developing?

John, same. I think the entire process is moving forward very smoothly, there is a lot of will by the state of Alaska to see if this process goes smoothly and I think that’s bringing a greater sense of cooperation between the different agencies. John D. Bridges – JPMorgan Securities LLC: Okay, great. And then, the big picture, you mentioned the shortage of new discoveries that have been made in this industry. You’ve been in this business for a long time. Just wondered what you see as being the problem. Are they not making the goes like they used to in the old days?

Well, John, I think it’s really a testament to the scarcity of gold right now, in spite of what’s in the last 10 years exploration spending throughout the industry really picked up. And in spite of that high level of spending and frankly improved technologies, there were very few new discoveries. So I think it really speaks more to the scarcity of gold than the ability of the geologist. John D. Bridges – JPMorgan Securities LLC: Okay, great. And you're sitting on quite a bit of it, I seem to remember. Thanks a lot.

Thank you, John.

Thank you. We have no further questions. (Operator Instructions) Mélanie Hennessey: Rachael, I have two questions that have come – comes through online. The first is what is your current cash cost estimate once Donlin Gold goes into production?

So this is Dave Ottewell. This information is included in our feasibility study and it’s on Page 40 of our 10-K. And in there you can see that our cash – cost applicable to sales per ounce under U.S. GAAP would be $634 per ounce. Mélanie Hennessey: Thank you, David. We do have a second question coming from online, when would operation at Donlin Gold commence?

Yeah, I’ll take that question Mélanie. Right now we’re not quite at the halfway point of permitting. As we reach the end of permitting, the owners of the project will be in a much better position to make a construction decision. Once that decision is made, it will take about four years to build the mine. Mélanie Hennessey: Great. Thank you, Greg. And with that operator, we have no further questions online.

Okay, we have no further audio questions. So I’d now like to turn the call back over to Greg for closing remarks.

Everyone, thank you for your interest in the company and participating in our call this morning.

Thank you for joining today’s conference. This concludes the presentation. You may now disconnect. Good day.