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  NuLegacy Discovers Near-Surface High Grade Oxide Gold In Cortez Trend, Nevada
June 13, 2012

Reno, NV - NuLegacy Gold Corporation is pleased to report the assays from the first six of the 12 holes recently drilled on its Red Hill project in Nevada. The 100 sq. km Red Hill Project is located in the prolific Cortez Gold Trend adjacent to Barrick Gold Corp.'s Cortez property with its recently announced Goldrush discovery.

Central Mineralized Zone: NuLegacy Gold's hole RHB12-006 intersected several zones of oxide gold mineralization in the Central Mineralized Zone (CMZ) of the Red Hill Project. Most notable is a near-surface 90 foot oxidized intercept (27.4 meters) of 1.4 grams gold/T, including 35 feet (10.7 meters) of 2.6 g/T; complete assays shown in Table 1 below.

The results of this vertical reverse circulation hole indicate the discovery of significant near-surface high-grade oxide gold mineralization that is likely the westerly extension of the previously identified gold mineralization in the CMZ. Historic drilling at the CMZ outlined a minor mineralized zone with grades up to 1-2 grams gold/T. RHB12-005 was drilled to the east and returned anomalous gold.

"We are very pleased with the gold assay results of hole RHB12-006", says Dr. Roger Steininger, NuLegacy's COO, "We will now focus on expeditiously delineating what could potentially be a large high grade near-surface oxidized zone of gold mineralization".

Hole Number

From

To

Length (Meters)

Grade of Gold

Reported

Table 1 - Central Mineralized Zone (CMZ)

RHB12-006

57.9

67.1

9.1

0.44 g/T

June 13, 2012

and

120.4

147.8

27.4

1.40 g/T

 

including

128.0

138.7

10.7

2.60 g/T

 

and

170.7

190.5

19.8

0.20 g/T

 

RHB12-005

57.9 

 204.2

146.3 

anomalous 

June 13, 2012 

N.B. - anomalous is between 10 and 100 ppb Au (0.01 and 0.10g/t). All intercepts are calculated using a 0.1 g/t gold cut-off. True widths of drilled gold intercepts cannot be determined at this time.


The oxidized mineralization in drill hole RHB12-006 is mostly within silicified limestone with associated trace elements and alteration indicative of Carlin-type gold mineralization. Located within the Barrick Gold option (a 60 sq. km portion of NuLegacy's 100 sq. km Red Hill project), both holes contain substantial thickness of silicified and oxidized near-surface gold mineralization.

This hole, in conjunction with RHB12-005 and RHB12-003 (PR-7/5/11), indicate a much larger mineralized zone than previously indicated by historic drilling is present at CMZ. Detailed logging of the chips and incorporation of the NuLegacy drill holes with the historic data is in progress which will lead to a drill plan that will follow-up on these promising results. Follow up drilling to expand this zone of near-surface oxide gold mineralization will commence as soon as targeting and permitting of the additional drill sites is completed.

Long Fault Anomaly: Assays have also been received for four of the six reverse circulation exploration holes drilled in the Long Fault Anomaly (LFA; within the 10 sq. km Miranda Gold Inc. option -- MAD:TSXV). These holes encountered encouraging anomalous gold mineralization within favorable host rocks associated with Carlin-type gold deposit trace element and alteration intervals. The four widely spaced holes, in conjunction with previous drilling at the LFA, indicate the potential for a Carlin-type gold system. Compilation of all of the NuLegacy (and historic) drilling results is in progress to identify areas where higher grade gold may exist. When this study is completed, additional drilling at the LFA will be considered.

Further assays from the 2012 Red Hill exploration program will be released as they are received.

Reverse circulation drilling on the Red Hills is by Envirotech Drilling LLC of Winnemucca, NV; core drilling by National EWP, LLC of Woodland, CA, all under the direction and supervision of NuLegacy Gold's COO, Dr. Roger Steininger (CPG 7417). All of the samples are being analyzed by American Assay Labs (Sparks, NV) for gold and a suite of 36 trace elements. Sufficient commercially prepared standards, blanks, and duplicates are inserted to assure quality analytical results. Data verification of the analytical results includes a statistical analysis of the duplicates, standards and blanks that must pass certain parameters for acceptance to insure accurate and verifiable results.

NuLegacy Gold Corporation is a Nevada focused exploration company exploring for Carlin-type replacement gold deposits on its two highly prospective district scale properties; the 100 km2 Red Hill Project and the 100 km2 Wood Hills South Project. Both projects have geology similar to the adjacent multi-million ounce gold discoveries that were made subsequent to the acquisition of our properties. The NuLegacy exploration and drilling programs underway employ proprietary techniques for targeting multi-million ounce deposits.

ON BEHALF OF THE BOARD OF DIRECTORS OF NULEGACY GOLD CORPORATION

Albert J. Matter, Chief Executive Officer

For further information please phone 604-638-4959 or contact Albert Matter at albert@nuggold.com or Roger Steininger, COO at roger@nuggold.com; or visit our website at 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.

This news release and the accompanying graphic links contain forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. The presence of gold deposits on properties adjacent or in close proximity to the Company's properties is not necessarily indicative of the gold mineralization on the Company's properties. All of the forward-looking statements made in this news release and the accompanying graphic links are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com including our prospectus dated November 10, 2010. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The technical disclosure in this press release and the accompanying graphic links has been reviewed by Dr. Roger Steininger, the Chief Operating Officer of the Company and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.


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