IPPBC members:

Shareholders of Coast Mountain, including the majority of the Board of Directors of Coast Mountain Power Corp., representing approximately 25% of the outstanding shares have entered into or agreed to enter into binding agreements to tender their shares under the terms of an offer from NovaGold.

Coast Mountain Power is the developer of the Forrest Kerr hydroelectric project and a member of IPPBC.

See the link below for details;

http://www.novagold.net/s/NewsReleases.asp?ReportID=134738&_Type=News-Releases&_Title=NovaGold-Announces-Offer-for-Green-Power-Project-near-Galore-Creek