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  August 22, 2006    
  NovaGold Urges Investors to Spurn Barrick Bid

NEW YORK, Aug 14 (Reuters) - NovaGold Resources Inc. (NG.TO) urged investors on Monday to reject a hostile $1.28-billion takeover offer from Barrick Gold Corp. (ABX.TO), saying the bid "significantly undervalues" the Canadian company's projects and its growth potential.

NovaGold (NG.A) said Barrick's $14.50 a share cash offer was not in the best interest of the company's shareholders and failed to reflect the value of NovaGold's 70-percent ownership of the Donlin Creek project in Alaska, which it described as one of the world's biggest gold deposits.

Shares of NovaGold closed up 2 percent at C$19.04 on the Toronto Stock Exchange on Monday and up 25 cents at $16.86 on Amex. Shares of Barrick, the world's biggest gold producer, closed 77 Canadian cents lower at C$34.35 in Toronto.

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Why is NovaGold's Success Important to You?

We are at the very beginning of a long term bull market in natural resources -- oil and gas, farm land, water and precious and industrial metals. As prices of strategic commodities rise, large companies are using their rising cash flows and access to financial markets to buy smaller companies. This kind of corporate consolidation is traditionally how hot money and dirty players take over and/or sabotage the more responsible and smaller companies.

Nowhere is the game dirtier that in the precious metals markets, where GATA has documented market manipulation to suppress prices -- thus making it easier and more profitable to consolidate precious metals inventories and take over smaller mining companies.

We are at the crossroads. Will we use our money to build a diversified world where ownership and management of strategic resources is spread among the many and honors generations yet unborn? Or will we keep thinking we can make a quick buck by selling our resources to the Tapeworm without concern for the future?

I am often asked about the environmental damage associated with mining. I believe that centralized debt based currency, derivative and financial systems and the organized crime and black budgets they nurture are responsible for most of the environmental damage on our planet. Thus actively decentralizing the precious metals market will do far more to protect and heal the environment than boycotting precious metals mining ever could, because it shifts power and wealth out of the Tapeworm. In fact, decentralizing the natural resources markets is absolutely crucial to saving our planet.

Interestingly enough, the allegations against Barrick say that it is one of the largest synthesis of both -- dirty money and dirty environment.

So the NovaGold-Barrick squabble is representative of a situation that we can expect to see many times, across these key sectors. And we can expect to be increasingly called on to make a choice that truly can make a difference. Who will our pocketbook back? David or Goliath?

Solari's position will be unchanged over the next decade. We believe that diversified independent operators can produce far more wealth in the long run. Ultimately all the dirty money and dirty tricks in the world cannot get anything productive done on the ground. This takes good old fashioned hardworking, responsible management who pay attention to the nuts and bolts of their business as opposed to helping Wall Street and Washington rig markets. The authentic business leadership that protects our resources and our freedoms will grow in stature as broad based networks of self-organizing citizens withdraw our resources from large consolidating players and begin to act in our own strategic interest.

Being part of bringing forth this revolution of hearts, minds and pocketbooks is the opportunity of a lifetime. We welcome you into the middle of it, looking to birth the lotus blossom of a new, more sustainable world up from the mud of market manipulation and the volatile, rising value of strategic resources.

-- Catherine Austin Fitts

Learn more about GATA's support of NovaGold:

Don't let Barrick Steal NovaGold to Feed the Gold Suppression Scheme
By Bill Murphy, Chairman
Wednesday, August 9, 2006

Don't Let Barrick Acquire NovaGold Before Closing Gold Short, GATA Says
International Press Release
via Business Wire
Monday, August 14, 2006


Do you have a relationship with any of the large investors in NovaGold? For example, do you invest in mutual funds managed by these companies or have an account or business relationship with them? Do you have friends, family or fellow alumni working at these companies? If so, why not contact them and let them know how important it is to you personally that they support NovaGold.

Here is a list of large shareholders of NovaGold:

NovaGold Shareholders App. % Owner
Sprott Asset Management Inc
Snyder Capital
Management LP
Royce & Associates Inc.
NWQ Investment Management Co. LLC
Wells Fargo & Co.
Neuberger Berman LLC
Blackrock Inc.


We believe that the more friendly forces who buy NovaGold stock, the more these shares are unavailable to Barrick.

In support of the Gold Anti-Trust Action Committeee (GATA), Catherine's Solari Circle investment club, the First Ever Solari Circle, has purchased NovaGold shares. We understand the potential for adverse consequences to the share price in the event that NovaGold is successful.


Learn More About Barrick: Allegations re: burying miners alive, supressing the gold price or polluting the water in Chile -- is this a company that you want to control and govern strategic resources?

U.K. libel suit hits U.S. Web site
Barrick Gold forces investigative journalist Greg Palast offline

By William Spain,
Aug 1, 2001

Poppy Strikes Gold by Greg Palast
UTNE Reader
April 8, 2003

Pascua Tense
A proposed gold mine in Chile and Argentina has emails flying

By Kelly Hearn
21 Jun 2006

Readings from the Book of Barrick
by Bob Landis
May 21, 2002 & November 27, 2002


Do you think that members of your network would be interested in learning about this? Please feel free to forward this message on to them.

Join Catherine at the New Orleans Investment Conference in November

The New Orleans Investment Conference is probably the grandest, most attendee-friendly, and most hard-investment-oriented investment conference in the United States.In addition to GATA Chairman Bill Murphy, this year's speakers at the New Orleans Investment Conference will include GATA supporters Bob Bishop, John Embry, Peter Grandich, James Turk, and Frank Veneroso.

Communicate with Catherine ...
Catherine will be visiting New Zealand from Aug. 19 through Sept. 29th. New Zealanders wishing to meet with Catherine can post a message at Communicate with Catherine.

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© Solari, Inc. 2006

Nothing in this Solari Update should be taken as individual investment advice. Anyone seeking investment advice for his or her personal financial situation is advised to seek out a qualified advisor and provide as much information as possible to the advisor in order that such advisor can take into account all relevant circumstances, objectives, and risks before rendering an opinion as to the appropriate investment strategy.