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Thursday, January 3, 2008

NovaGold sees commercial production at Rock Creek by the end of the quarter

VANCOUVER - A U.S. appeal court has upheld a decision by the U.S. Army Corps of Engineers to grant a permit to allow a subsidiary of NovaGold Resources Inc. (TSX:NG) to go ahead with its Rock Creek project in Alaska.

The U.S. Court of Appeals for the Ninth Circuit ruled Thursday a lower court was right in denying an environmental group's application for a temporary restraining order and preliminary injunction against the project.

"The decisions of the Corps relating to the Rock Creek mining project were not arbitrary and capricious," Judge Ronald Gould wrote in the 29-page judgment.

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