An anonymous representative of Waterton reports

On Aug. 20, 2014, Waterton Precious Metals Fund II Cayman LP acquired 28.25 million shares in the capital of NuLegacy Gold Corp. pursuant to a non-brokered private placement announced by NuLegacy on Aug. 18, 2014. The shares were purchased at a value of 12.5 cents per share, for an aggregate purchase price of $3,531,250.

Waterton now exercises control or direction over an aggregate amount of 28.25 million shares, representing 19.99 per cent of the issued and outstanding shares in the capital of the company.

In connection with this news release, an early warning report will be filed by Waterton in accordance with applicable securities laws. A copy of the early warning report will be available for review on SEDAR.

About Waterton

Waterton is a leading mining-focused private equity fund dedicated to developing high-quality precious and base metals projects located in stable jurisdictions. Waterton's cross-functional, fully integrated, in-house team of professionals has significant mining, financial and legal expertise. Waterton's pro-active approach to asset management, significant sector knowledge and ability to leverage extensive industry relationships have resulted in a strong record of managing investments in the precious and base metals sectors.