Legend Gold Corp.
TSX VENTURE : LGN

Legend Gold Corp.

August 18, 2011 08:57 ET

Outcrop Grab Sampling at Lakanfla Uncovers 31.71 GPT Au At New Zone 4

TORONTO, ONTARIO--(Marketwire - Aug. 18, 2011) - Legend Gold Corp. (the "Company" or "Legend Gold")(TSX VENTURE:LGN) is pleased to announce results from a geological mapping and sampling program at Lakanfla. Sampling of numerous rock outcroppings has uncovered extensive surface bedrock gold mineralization. Located in the northeastern portion of Lakanfla, results from grab samples grade as high as 31.71 gpt Au. The rock outcrops over an area of approximately 800 metres X 1 kilometre in extent with widely spaced outcrops and multi-gram samples SEE MAP. Outcrop is described as brecciated and highly silicified metapelite and minor sericite.

Scott Waldie, Legend Gold's President and CEO, said, "This is a very exciting development for the exploration of the Lakanfla project. A significant new area, we now call Zone 4, has been identified by surface rock sampling. Once our drilling program was completed, company geologists began following and mapping a trend of ancient artisanal workings north from Zone 3 where they noted and sampled numerous silicified outcrops. Sample descriptions and surface specimens are distinctly similar to descriptions of the Sadiola FE series of deposits 4 kilometres north-west of Lakanfla. Lakanfla is located adjacent to the Sadiola Gold Mine which is owned and operated by a partnership of AngloGold Ashanti, IAMGOLD, and SEMOS."

As stated in our most recent press release (see press release dated August 17, 2011), Legend is very keen to resume our drilling program at Lakanfla. Staff geologists are very excited by this new discovery and are planning a series of trenches starting in mid-September to test the limits and structure of this new gold discovery. Once trenching is complete we will add Zone 4 to our list of drill targets for Q4 2011. Once again we can state that Sadiola's FE series of satellite pits appear to occur as a series, or cluster, of mineralized bodies. It appears that similar circumstance may be present at Lakanfla and closer spaced drilling will now be required to outline the gold mineralization in all Zones.

The results are from thirty-seven selective samples. Assays ranged from a detection limit of 1ppb Au to 31,705 ppb Au with 9 of the thirty seven samples exceeding 200 ppb Au. Outcrop exposure is less than one percent of the surface area mapped. Grab samples are selective by nature and are unlikely to represent average grades on the property.

Qualified Person

This news release has been reviewed and verified by H. Andrew Daniels, P. Geo., a Qualified Person as defined by National Instrument 43-101. Mr. Daniels has over 25 years of mineral exploration and mining experience, is a Licensed Professional Geologist in the Province of Ontario and a member in good standing.

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 65,231,324 common shares issued and outstanding (84,630,011 shares on a fully diluted basis). Please visit our website www.legendgold.com to for more information about our projects.

To view the map associated with this release, please visit the following link: http://media3.marketwire.com/docs/LGN_Map.pdf

Forward Looking Statements

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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