NuLegacy Commences Drilling the Iceberg Gold Deposit

RENO, NEVADA--(Marketwired - March 31, 2015) - NuLegacy Gold Corporation (TSX VENTURE:NUG)(OTC PINK:NULGF) reports that drilling has commenced on the Iceberg gold deposit as at March 30, 2015 and provides the following outline of its 2015 exploration program.

The 2015 exploration program just commenced will include approximately 17.5 thousand feet (5,300 meters) of drilling through to the end of August 2015. The drilling will be concentrated in and between the north, central, and south zones of the Iceberg gold deposit. It is intended to extend these three gold-bearing zones, confirm the continuity of the mineralization between them and target the very high-grade feeder zones to the deposit.

The budgeted US$1.3 million of direct exploration expenditures will complete the earn-in to a 70% working interest in the Iceberg gold deposit by year-end 2015 as it finishes the required US$5.0 million expenditures per the earn-in contract with Barrick Gold Corporation.

As well we will commence the initial early stage exploration of our 100% controlled Idaho Resources gold property, which lies adjacent and to the east of our Iceberg project. This will consist of geological mapping, rock and soil sampling, and a gravity geophysical survey in preparation for drill target definition and drilling in early 2016.

Our 2014 exploration programs were very successful, resulting in the expansion of the size and enhancement of the grade of the Iceberg exploration target which is now considered to be 90 to 110 million tons of 0.9 to 1.1 grams per tonne¹. Most of the gold mineralization outlined by drilling to date is predominantly at shallow depths, within 500 feet of surface, and oxidized. A preliminary 'tumble in cyanide' leach test of oxidized Horse-Canyon-Wenban contact horizon material from the Iceberg deposit demonstrated high average recoveries of 74.5% (see news release dated January 20, 2015).

2014 was a transformative year for NuLegacy, starting as a junior with an exceptional property in a great mining jurisdiction, into an enterprise with a full complement of exceptionally talented corporate and exploration people. Please follow this link for highlights of 2014: NuLegacy Provides 2014 Corporate & Exploration Progress Review.