NuLegacy Intersects Higher Grade Gold Mineralization

RENO, NV - NuLegacy Gold Corporation reported assay results from five reverse circulation holes drilled during August in its 100% owned Iceberg oxide gold deposit. The primary target is the shallow Carlin-style oxidized gold mineralization within the 3 km long and 0.5 km wide Iceberg gold deposit in the Cortez gold-trend of north-central Nevada.

Highlights from the infill and step-out drilling expanding the North zone of the Iceberg include: 2.16 grams per tonne gold over 21.3 meters (70 ft.) including 6.09 g/t gold over 4 .6 meters in RHB- 82; 1.63 g/t gold over 10.7 m and 0.59 g/t gold over 24.4 m in RHB-83; 1.28 g/t gold over 18.3 m including 2.36 g/t gold over 7.6 m in RHB-84.

"Intervals of consistent gold mineralization that have core intervals of substantially higher grade, as in holes RHB-82 and 84, are typical features of Carlin-type gold deposits", commented Dr. Roger Steininger, NuLegacy's CGO, "and are a strong indication that additional drilling will continue to expand the Iceberg deposit."

Holes RHB-82 and 83 are the two most southerly holes drilled to date in the North zone and continue the progress towards filling the gap between the North and Central zones of the Iceberg deposit. The gold mineralization is hosted predominately in Devonian silicified limestone breccia that is strongly oxidized and similar to the mineralized zones in the Cortez gold trend's other major gold deposits.

“Two just completed wildcat holes drilled into the Avocado and IRC anomalies are in for assay; as well we are half way through a $100,000 - 10 line CSAMT and IP survey program covering the entire Iceberg gold deposit. This is expected to greatly enhance our targeting ability once completed and analyzed, said Dr. Steininger.”