May 9, 2013 Reno, NV - NuLegacy Gold Corporation reports it has completed the final tranche of its non-brokered private placement announced on April 10, 2013. In total, the Company sold 10,284,250 units (the "Units") at a price of $0.10 per Unit for gross proceeds of $1,028,045.

Each Unit consisted of one common share and one share purchase warrant, with each warrant entitling the holder thereof to purchase an additional common share of the Company for a period of 24 months, subject to acceleration, at a price of $0.15 during the first 12 months and $0.20 during the last 12 months. The net proceeds of the financing will be used to finance the Company's gold exploration programs on its Red Hills project in Nevada, United States and for general corporate purposes.

All securities issued in connection with the final closing are subject to a four month and one day hold period expiring September 10, 2013. Finder's fees totaling $1,750 cash and 17,500 finder's warrants were paid to certain dealers in connection with the closing of the final tranche of the private placement.

NuLegacy Gold Corporation is a Nevada based exploration company focused on delineating a Carlin-type near-surface oxide Iceberg gold resource on its 60 square km Red Hill option (to joint-venture with Barrick Gold). The Iceberg deposit has similar geology to that of Barrick Gold's on-going multi-million ounce Goldrush gold discovery.

ON BEHALF OF THE BOARD OF DIRECTORS OF NULEGACY GOLD CORPORATION

James E Anderson, Chief Executive Officer

For further information please phone 604-638-4959 or contact James Anderson at james@nuggold.com, 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.