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NuLegacy Gold has discovered the Iceberg gold deposit, a classic Carlin-type oxidized deposit with an exploration targeti of 90 to 110 million tonnes grading between 0.70 and 1.00 gram plus of gold/tonne located in the famed Cortez Gold-trend of Nevada.

The Iceberg is located on a 60 sq. km portion of the Cortez gold-trend optioned from Barrick Gold Corporation. It is on trend with Barrick Gold's three en echelon multi-million ounce Carlin-type gold deposits that are Barrick's largest, lowest cost and political safest mines in the world.

The Iceberg is adjacentii to the third of these, the Goldrush depositiii which is the most significant green-field discovery by a major gold producer in the past five years.

NuLegacy's fully funded 2014-15 exploration programs are designed to complete the earn-in to a 70% working interest in the Iceberg gold deposit; they are focused on finding the higher grade cores usually associated with the Cortez's Carlin-type gold deposits that make them such coveted prizes.

~Multiple gold-bearing horizons within multiple Carlin-type gold systems ~
 
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i As reported in our Sept. 5th. 2013 news release these figures are a conceptual exploration target only and should not be construed as a calculated resource under NI 43-101 standards as insufficient exploration has been completed to date to define such a resource and there are no assurances that additional exploration will confirm the existence of a NI-43-101 resource. They are based on reasonable assumptions made from a compilation of 149 historic drill holes and 27 NuLegacy holes drilled in and around the Iceberg deposit. The scientific and technical information contained herein has been approved by Dr. Roger C. Steininger, NuLegacy's Chief Operating Officer and a "qualified person" as defined by NI 43-101, Standards of Disclosure for Mineral Projects.
ii The close proximity of the Goldrush deposit to the Iceberg deposit is not necessarily indicative of the gold mineralization in the Iceberg deposit.
iii As reported by Barrick as of December 31, 2013, the Goldrush deposit contained a resource of 423,000 ozs gold (3.1 million tons grading 0.137 oz/ton -- measured), 9,537,000 ozs gold (72.5 million tons grading 0.132 oz/ton - indicated) and 5,555,000 ozs gold (39.5 million tons grading 0.141 - inferred).
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