NuLegacy Announces C$2.5 Million Private Placement - Seite 2

The Company expects that the participation by directors and/or officers (collectively the “Insiders”) in the Offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 based on the fact that neither the fair market value of the Units subscribed for by the Insiders, nor the consideration for the Units to be paid by the Insiders, will exceed 25% of the Company’s market capitalization. NuLegacy further understands that certain Insiders will make available for sale a portion of their existing free trading shares of the Company in the market prior to Closing to facilitate purchases by investors seeking free-trading shares of the Company (as opposed to four months hold units), with proceeds of such Insiders sales to fund subscription for Units under the Offering.

The completion of the Offering is subject to, among other things, acceptance of the TSX Venture Exchange (the “TSXV”), and all securities issued pursuant to the Offering will be subject to a four month hold period from the date of Closing.

The Company has engaged Canaccord Genuity Corp. to act as its financial advisor for the Offering. The Company may pay finder’s fees in cash, shares, or warrants or any combination thereof to certain finders and/or advisors in connection with the sale of Units in accordance with the policies of the TSXV. The fees payable to Canaccord Genuity Corp. for acting as financial advisor for the Offering will be a financial advisory fee consisting of 2,500,000 common shares of the Company at a deemed price of $0.025 per common share.

About NuLegacy Gold: NuLegacy Gold’s focus is discovering a high-grade Carlin-style gold deposit on its flagship 108 sq. km (42 sq. mile) district scale Red Hill Property in the Cortez gold trend of Nevada directly on trend and adjacent^I to three, multi-million ounce Carlin-type gold deposits (Pipeline, Cortez Hills and Goldrush) that are ranked amongst the world’s thirty largest, lowest cost, highest grade and politically safest gold mines and are three of Nevada Gold Mines’ most profitable mines.^II

On Behalf Of The Board Of NuLegacy Gold Corporation

Albert J. Matter, Chief Executive Officer & CoFounding Director Tel: [phone]; Email: [e-mail]

For more information about NuLegacy visit: www.nulegacygold.com or www.sedarplus.ca

^I The similarity and proximity of these deposits in the Cortez Trend including Goldrush are not necessarily indicative of the gold mineralization in NuLegacy’s Red Hill Property.