Legend Gold Corp.

Legend Gold Corp.

July 06, 2011 13:19 ET

Legend Gold Announces New Member of Board and Issues Incentive Stock Options

TORONTO, ONTARIO--(Marketwire - July 6, 2011) - Legend Gold Corp. (the "Company" or "Legend Gold") (TSX VENTURE:LGN) is pleased to announce that Mr. Anthony P. L. Lloyd has been appointed as a Director of the Company. We are very pleased to have Mr. Lloyd return to the Board of Directors after a brief hiatus. Mr. Lloyd was a member of the Board of Directors of Legend Gold from April 2003 until May 2011. Mr. Lloyd is a Director and Chairman of PC Gold Inc. and a Director of Mawson West Ltd., both of which are Toronto Stock Exchange listed junior mining companies. Mr. Lloyd holds a B.Sc. (Honours) degree in mining engineering from the Royal School of Mines, London, and a Master of Business Administration degree from Columbia University.

Mr. Waldie said, "It is a great pleasure to have Anthony return to the Board of Directors of Legend Gold. Anthony's experience in the mining community and his history of service to Legend Gold are welcomed back to the board."

Legend Gold reports that Mr. George Bell has resigned as a Director of Legend Gold. Mr. Bell has been a director of the Company since 2008. The Board of Directors of the Company expressed its appreciation for Mr. Bell's contribution to the Company over the past three years. Mr. Waldie, President & CEO, said, "It has been a great pleasure working with Mr. Bell and we will miss his contribution and guidance to Legend Gold over four years of service to the Company."

Legend Gold has an effective Board of Directors consisting of seven senior members of the Canadian mining community; Lyle H. Hepburn, Chairman, Scott M. Hand, Gianni Kovacevic, Terence S. Ortslan, Ambogo Guindo, Sr. V.P., Scott Waldie, President & CEO, and now, Anthony P.L. Lloyd.

Legend Gold also reports the granting on July 5, 2011 of an aggregate of 1,770,000 incentive stock options to certain directors, officers, and employees of the Company, pursuant to the terms of the Company's stock option plan. Each option entitles the holder thereof to acquire one common share of the Company at an exercise price of $0.30, until July 5, 2021.

About The Company

Legend Gold is a mineral exploration and development company focused on exploring for gold in the Republic Of Mali, West Africa. Our four main projects are the Tiekoumala, Lakanfla, Diokeba, and Dalakan projects. In recent years, we have made significant gold discoveries on the Tiekoumala project located in Southern Mali, and the Lakanfla project located in Western Mali. Legend Gold has 62,523,411 common shares issued and outstanding (84,313,018 shares on a fully diluted basis). Please visit our website www.legendgold.com to learn more about our projects.

This news release may contain forward‐looking statements that are based Legend Gold Corp.'s expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward‐looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

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 release.

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