NuLegacy Gold Corporation
TSX VENTURE : NUG

NuLegacy Gold Corporation

April 29, 2011 17:36 ET

NuLegacy Engages Advanture Capital Partners Inc. for Investor Relations Services

RENO, NEVADA--(Marketwire - April 29, 2011) - NuLegacy Gold Corporation (TSX VENTURE:NUG) ("the Company") reports that it has engaged Advanture Capital Partners Inc. of Vancouver, B.C. to provide investor relations, corporate communications and marketing services to the Company.

Advanture Capital Partners Inc. is a Vancouver based public company development firm focused on partnering with emerging companies to centralize administration, regulatory reporting, financing and investor relations. Advanture's infrastructure enables their clients to focus on developing their business and building shareholder value.

Lloyd Jacobs and Michael Stetzel of Advanture will be the individuals primarily responsible for providing services to the Company on behalf of Advanture. For additional information about Advanture and its principals, which include the Company's CFO Adrian Rothwell please visit www.advanturecapital.com.

Advanture will be paid a monthly fee of $6,000 (plus applicable taxes) out of working capital and will receive options to purchase 200,000 shares of the Company at a price of $0.29 per share for a period of 5 years, subject to vesting over a period of 12 months in accordance with the policies of the TSX Venture Exchange. Subject to regulatory approval, the engagement is for a period of one year, but may be terminated earlier by either party upon 30 days notice.

NuLegacy Gold Corporation is a Nevada based exploration company focused on the discovery of Carlin-type replacement gold deposits on:

  • its 45 square mile Red Hill Prospect in the well-established and prolific Cortez Segment of the Battle Mountain Eureka trend which hosts four multi-million ounce Carlin-type deposits, and
  • its 35 square mile Wood Hills South Prospect which is contiguous to, and geologically similar to, the West Pequop and Long Canyon Carlin-type discoveries that Newmont is acquiring for approximately $800 million.

NuLegacy Gold is executing a focused exploration and drilling program employing sophisticated techniques for targeting multi-million ounce Carlin-type gold deposits.

On Behalf Of The Board Of Directors Of NuLegacy Gold Corporation

Albert J. Matter, Chief Executive Officer

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.

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