July 26 (Reuters) - NovaGold Resources Inc NG.TO :
* PRESS RELEASE - NOVAGOLD ENTERS AGREEMENT TO SELL ITS 50% STAKE IN GALORE CREEK TO NEWMONT FOR UP TO $275 MILLION
* NOVAGOLD RESOURCES INC - UNDER TERMS OF AGREEMENT, NOVAGOLD WILL RECEIVE TOTAL CONSIDERATION OF UP TO $275 MILLION
* NOVAGOLD RESOURCES - AS PART OF TRANSACTION, NEWMONT WILL ALSO ACQUIRE COMPANY'S 40% INTEREST IN ADJACENT COPPER CANYON MINERAL PROPERTY
* NOVAGOLD RESOURCES INC - REMAINING 60% OF COPPER CANYON PROPERTY IS OWNED BY GCP
* NOVAGOLD RESOURCES INC - EXPECTS TO RECORD AN AFTER-TAX LOSS OF APPROXIMATELY $92 MILLION ON COMPLETION OF SALE