NuLegacy Gold Reports on Annual General Meeting

Marketwire

NuLegacy Gold Corporation

February 1, 2013 - 07:00:00 PM

NuLegacy Gold Reports on Annual General Meeting

RENO, NEVADA--(Marketwire - Feb. 1, 2013) - NuLegacy Gold Corporation (TSX
VENTURE:NUG) announces that at its annual general meeting held yesterday (the
"AGM") James E. Anderson, Albert J. Matter, Roger C. Steininger, Petra Decher
and Arv Gupta were re-elected as directors of the Company for the ensuing
year.

The shareholders also ratified and approved the Company's shareholder rights
plan as announced on December 17, 2012, an amendment to the Company's "fixed"
stock option plan increasing the total number of shares issuable thereunder to
11,500,000 shares and an advance notice policy (the "Advance Notice Policy")
for nominating directors.

The Advance Notice Policy establishes a deadline on or before which registered
shareholders must submit, in writing, director nominations to the Company
prior to any annual or special meeting of shareholders in order for any
director nominee to be eligible for election at such annual or special meeting
and prescribes the information regarding such nominee that must accompany the
nomination. The purpose of the policy is to provide shareholders, directors
and management of the Company with a fair and transparent procedure for
nominating directors by seeking to (i) establish an orderly and efficient
process for electing directors at annual general or, if applicable, special
meetings of the Company; (ii) ensure all shareholders receive adequate notice
of the director nominations and sufficient information with respect to all
nominees to make an informed vote; and (iii) afford shareholders reasonable
time to register an informed vote. A more detailed discussion of the Advance
Notice Policy is contained in the Company's management information circular
dated December 17, 2012 prepared in connection with the AGM, a copy of which
is available for review on SEDAR.

The Company has also granted, subject to acceptance by the TSX Venture
Exchange, stock options to certain executive officers and consultants of the
Company to purchase up to an aggregate of 2,350,000 shares at a price of $0.20
per share for a period of five years.

NuLegacy Gold Corporation is focused on delineating gold resources within the
Carlin-type gold systems it has identified on its two highly prospective
district scale properties in Nevada; the 87 km2 Red Hill Project and the 100
km2 Wood Hills South Project. Both projects have geology similar to the
adjacent multi-million ounce gold deposits that were discovered subsequent to
NuLegacy securing these projects. The NuLegacy exploration and drilling
programs employ proprietary techniques for targeting multi-million ounce
deposits.

On Behalf Of The Board Of Directors Of NuLegacy Gold Corporation

James E Anderson, Chief Executive Officer

FOR FURTHER INFORMATION PLEASE CONTACT:
NuLegacy Gold Corporation
James Anderson
604-638-4959
james@nuggold.com

NuLegacy Gold Corporation
Albert Matter
604-638-4959
albert@nuggold.com

NuLegacy Gold Corporation
Roger Steininger
COO
604-638-4959
roger@nuggold.com
www.nulegacygold.com

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 news release.