Mr. Patrick De Witt reports

NULEGACY GOLD ANNOUNCES PROPOSED SHARE CONSOLIDATION

NuLegacy Gold Corp. intends to consolidate the common shares in the capital of the company on the basis of 10 preconsolidation common shares for every one postconsolidation common share.

The company currently has 28,950,959 common shares issued and outstanding, and, following the consolidation, the company will have approximately 2,895,095 common shares issued and outstanding, prior to rounding for fractional shares.

The consolidation was approved by the board of directors of the company in accordance with the articles of the company, but remains subject to the approval of the TSX Venture Exchange. The company will issue a further news release announcing the effective date of the consolidation upon receiving exchange approval. The company will not be changing its name in conjunction with the consolidation.

We seek Safe Harbor.