NuLegacy Gold Corporation

NuLegacy Gold Corporation

November 19, 2014 16:15 ET

NuLegacy Gold to Trade on the OTCQX Marketplace

Berns & Berns to Act as NuLegacy's PAL

RENO, NEVADA--(Marketwired - Nov. 19, 2014) - NuLegacy Gold Corporation (TSX VENTURE:NUG)(OTCQX:NULGF) announces that effective tomorrow the Company is expected to trade on OTCQX under the symbol "NULGF".

Listing on OTCQX was undertaken to provide our American shareholders improved liquidity and market transparency. On OTCQX, investors can:

  • Trade through the broker of their choice - OTC Markets Group's technology enables investors to buy and sell securities through the institutional, retail, or online broker-dealer of their choice, making the trading experience nearly identical to that of trading NYSE or NASDAQ securities.
  • See quotes directly and access market data - The Markets Group sets the best price standard by broadly distributing its market data through multiple channels, including Bloomberg, Thomson Reuters, and other leading market data distributors.
  • Access company information - The Group's suite of Corporate Services empowers public companies and their advisors to improve visibility and availability of information.

OTCQX offers investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers.

Berns & Berns will serve as NuLegacy's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and U.S. securities laws.

NuLegacy Gold has discovered a classic Carlin-type oxidized gold deposit (the Iceberg) with an exploration targeti of 90 to 110 million tonnes grading between 0.70 gram and 1.00 gram of gold/tonne in the famed Cortez gold-trend of Nevada. The Iceberg is on a 60 sq. km portion of the Cortez optioned from Barrick Gold Corporation, and on trend with Barrick's three multi-million ounce Carlin-type systems that are its largest, lowest cost and politically safest gold depositsii in the world. The Iceberg is adjacentiii to the third of these, the Goldrush deposit,iv which is the most significant green-field discovery by a major gold producer in the past five years.


James E. Anderson, Chief Executive Officer

Dr. Roger Steininger, NuLegacy's chief operating officer is a Certified Professional Geologist (CPG 7417) and the qualified person as defined by NI 43-101, Standards of Disclosure for Mineral Projects responsible for preparing and reviewing the scientific and technical information contained in this news release.

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.

i The potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The potential quantity and grade is based on reasonable assumptions made from a compilation of 149 historical drill holes and 27 NuLegacy holes drilled in and around the Iceberg.

ii As extracted from Barrick's Q4-2013 and Q1-2014 reports.

iii The close proximity of the Goldrush deposit to the Iceberg deposit is not necessarily indicative of the gold mineralization in the Iceberg deposit.

iv As reported by Barrick as of December 31, 2013, the Goldrush deposit contained a resource of 423,000 ounce of gold (3.1 million tons grading 0.137 oz./ton - measured), 9,537,000 ounces (72.5 million tons grading 0.132 oz./ton - indicated) and 5,555,000 ounce (39.5 million tons grading 0.141 - inferred).

This news release contains 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. There are no known resources or reserves on the Iceberg deposit or the Red Hill project and the proposed exploration programs are exploratory searches for commercial bodies of ore. In addition, the presence of gold deposits on properties adjacent or in close proximity to the Iceberg Deposit or Red Hill project is not necessarily indicative of the gold mineralization on the Iceberg Deposit or Red Hill project. All of the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at including our annual management's discussion and analysis dated July 25, 2014 for the year ended March 31, 2014. 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.

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