Outreach

~  NuLegacy Going Forward ~ 

Hello Shareholders,

Click to view news release 
Click to view new PPT

Thank you for taking the time to check out NuLegacy Gold's progress!

I'm proud of the unique geo-team that we brought together these past couple of years and am confident they have cracked the mystery behind Red Hill’s geology and identified prime drilling targets. More details are in the PPT linked above.  Here’s the team: https://bit.ly/NUGgeos

However, this chat focuses on financial management and analysis, not immediate exploration results. While we expect exploration success to come, our priority now is securing cost-effective financing by illustrating the values.

Measure One, by comparative valuation: Timberline Resources (TSXV – TBR)

(TBR) has just been acquired by McEwen Mining (NYSE/TSX: MUX), with Timberline stockholders receiving 0.01 share of McEwen's common stock for each share of Timberline's common stock.  Given that McEwen Mining was trading at ~C$13, this equates to ~12.5 cents per TBR share, resulting in a total value of about C$22 million for the ~174 million shares outstanding.

In a similar vein, with ~800 million shares of NuLegacy outstanding following the current 'resuscitation' private placement and adding in the fact that NuLegacy is trading for only ~C$8.0 million and we:

• Have circa twice the acreage of TBR.
• Are located on the Cortez trend in Nevada, (like TBR and McEwen Mining) with NuLegacy much closer to the three major Carlin deposits than either TBR/McEwen, in fact right next door to the fabulous Goldrush mine now being put into production¹, thus,
• Believe that in a potential takeover/merger transaction NuLegacy’s shares would command a considerably higher valuation than today’s price of C$0.005 to C$0.01 per share.

Measure Two, by absolute valuation:

• NuLegacy’s 108 sq km Red Hill property, which includes approximately nine hundred claims, would cost ~US$500,000 to stake and lease for a year.
• NuLegacy has ~$45 million in tax losses, which are valued at just 10%; and,
• NuLegacy’s geo-database is derived from ~US$50 million of drilling and geo-technical surveying, etc., etc. which would be difficult to duplicate for a lesser amount,

so please do the math, as I am not allowed to provide the numbers.

With the completion of the first tranche of the private placement, we have secured ownership/control of the Red Hill property by paying the requisite annual BLM fees. Upon completing the second tranche, we will have safeguarded our financial stability until at least December 2025, allowing the stock price to better reflect NuLegacy’s underlying value.

Once past the first two objectives, we'll evaluate market interest in funding one or three 'hail Mary' holes; just having such funds in ‘reserve’ could greatly assist in securing a joint venture or merger, ideally with a partner who can finance the next drilling round.

Three objectives:

1. Secure NuLegacy’s ownership/control of the Red Hill property, Done.
2. Provide time to successfully negotiate a joint venture, merger or outright sale of our main asset, Next and/or,
3. Get a Nevada-centric partner to drill.

For qualified investors interested in participating please view the terms at: https://bit.ly/NUGtermsheets

To subscribe, select the appropriate form via the link below (select 'Offshore' if you're not Canadian or American), wire the funds as instructed, and email me the completed form. I’ll personally handle it. https://NuLegacy Goldgold.com/investors/subscription-agreements/

Stay well and sane, cheers,

Albert
Albert J. Matter
CEO, Director
NuLegacy Gold Corporation | NUG:TSXV | NULGF:OTCQX
C: 604.512.7003 | albert@nuggold.com | www.nulegacygold.com

THIS CEO CHAT IS NOT FOR DISTRIBUTION TO U.S. PERSONS OR FOR DISSEMINATION IN THE UNITED STATES.

¹ The similarity and proximity of these deposits in the Cortez Trend including Goldrush are not necessarily indicative of the gold mineralization in NuLegacy’s Red Hill property.

The foregoing chat (including the attached links) is not to be relied upon as advice to investors or potential investors, does not constitute a personal recommendation or take into account the investment objectives, financial situation or needs of any particular investor and does not constitute an offer to sell or the solicitation of an offer to buy any security in the United States or any other jurisdiction in which such offer or solicitation would be unlawful. The Company encourages the use of independent investment advisors/consultants, as necessary, prior to entering into transactions. In addition, the Company’s securities are not and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S) unless registered under the 1933 Act and applicable state securities laws or an exemption from such registration is available.  Further, the foregoing contains forward-looking statements and information, which relate to future events or future performance and reflect management's current expectations and assumptions based on information currently available to the Company. Readers are cautioned that these forward-looking statements and information are neither promises nor guarantees and are subject to numerous risks and uncertainties (as more particularly described in today’s news release and the Company’s continuous disclosure documents filed on www.sedarplus.ca) that may cause future results to differ materially from those expected. These forward-looking statements and information 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 by applicable law. As such, readers should not place undue reliance on forward-looking statements and information.