File: '\\swfile\EmailIn\20251003 145637 Attachment NuLegacy Gold Corporation - Initial News Release announcing 10_1 share consolidation - October 2025.docx'

LEGAL_47760067.2

NuLegacy Gold Announces Proposed Share Consolidation

VANCOUVER, BC - October 3, 2025 - NuLegacy Gold Corporation (TSXV: NUG) (the "Company" or "NuLegacy") announces that the Company intends to consolidate the common shares in the capital of the Company (the "Common Shares") on the basis of ten (10) pre-consolidation Common Shares for every one (1) post-consolidation Common Share (the "Consolidation").

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 (the "Board") in accordance with the Articles of the Company but remains subject to the approval of the TSX Venture Exchange (the "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.

ON BEHALF OF THE BOARD OF NULEGACY GOLD CORPORATION

Patrick De Witt, Chief Executive Officer

Tel: +1 (604) 628-1110

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

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

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Statement on Forward-Looking Information

This press release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward- looking statements. Such forward-looking statements represent management's best judgment based on information currently available. No securities regulatory authority has either approved or disapproved of the contents of this news release.

File: Attachment NuLegacynews[12].pdf

NULEGACY GOLD ANNOUNCES PROPOSED SHARE CONSOLIDATION

VANCOUVER, BC October 3, 2025 NuLegacy Gold Corporation (TSXV: NUG) (the "Company" or "NuLegacy") announces that the Company intends to consolidate the common shares in the capital of the Company (the "Common Shares") on the basis of ten (10) pre-consolidation Common Shares for every one (1) post-consolidation Common Share (the "Consolidation"). 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 (the "Board") in accordance with the Articles of the Company but remains subject to the approval of the TSX Venture Exchange (the "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.

ON BEHALF OF THE BOARD OF NULEGACY GOLD CORPORATION Patrick De Witt, Chief Executive Officer Tel: +1 (604) 628-1110

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

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

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Statement on Forward-Looking Information

This press release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward- looking statements. Such forward-looking statements represent management's best judgment based on information currently available. No securities regulatory authority has either approved or disapproved of the contents of this news release.

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