NuLegacy Gold Corporation

NuLegacy Gold Corporation

July 19, 2012 03:30 ET

NuLegacy Gold Welcomes a New Director

RENO, NEVADA--(Marketwire - July 19, 2012) - NuLegacy Gold Corporation (TSX VENTURE:NUG) ("NuLegacy") is pleased to report the addition of Ms. Petra Decher as a director of the Company and Chairperson of its Audit Committee.

Ms. Petra Decher adds a wealth of financial and mining industry experience to our board with over ten years of experience in the industry. Ms. Decher has extensive experience in negotiating and completing mergers, acquisitions and equity and debt financings in the mineral sector, with significant exposure to the challenges of junior explorers. In addition, she has implemented strong internal control policies, procedures and corporate governance practices in several newly-listed companies. She is familiar with all aspects of financial reporting, tax and legal due diligence, preparation of financial statements, audit committee functions as well as investor relations. She is currently the VP, Finance and Assistant Secretary of Franco-Nevada Corporation and is a Chartered Accountant.

Her strong financial skills will be a great addition to the NuLegacy corporate governance team. We welcome her to the Board of Directors.

Ms. Decher will replace Mr. Dmitri (Bill) Tymkiw as Audit Committee Chair. Mr. Tymkiw, a founding director of NuLegacy who has served the company well, is retiring to accommodate Ms. Decher's appointment and to focus on his extensive manufacturing businesses. Mr. Tymkiw has contributed to the success of numerous private and public companies.

"The management and fellow directors of the Company join me in wishing Bill well and thanking him for his contributions to the successful start-up of NuLegacy," says Albert Matter, Chairman of the Board.

In conjunction with her appointment, Ms. Decher has been granted 300,000 stock options exercisable for a period of five years at a price of $0.15 per share vesting quarterly over the next 18 months.

About NuLegacy Gold Corporation: NuLegacy is a Nevada focused exploration company exploring for Carlin-type replacement gold deposits on its two highly prospective district scale properties; the 100 square km Red Hill Project and the 80 square km Wood Hills South Project. Both projects have geology similar to that of the adjacent multi-million ounce gold discoveries that were made subsequent to our acquisition of the properties. The NuLegacy exploration and drilling programs underway employ proprietary techniques for targeting multi-million ounce deposits.

On Behalf Of The Board Of Directors Of NuLegacy Gold Corporation

James E. Anderson, Chief Executive Officer

For further information please visit our website at

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. 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.

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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