Southern Legacy Minerals Inc.

Southern Legacy Minerals Inc.

December 21, 2012 15:20 ET

Southern Legacy Common Shares Begin Trading on the Lima Stock Exchange

TORONTO, ONTARIO--(Marketwire - Dec. 21, 2012) - Southern Legacy Minerals Inc. ("Southern Legacy" or the "Company") (TSX VENTURE:LCY) is pleased to announce that its common shares have been listed for trading on the Venture segment of the Lima Stock Exchange (Bolsa de Valores de Lima -BVL‐) in Peru.

The BVL listing is expected to provide enhanced liquidity in the Company's common shares as well as to provide Peruvian and Latin America investors with the opportunity to participate in the growth of the Company as it continues to advance its AntaKori project.

Fernando Pickmann, CEO and President of Southern Legacy commented: "We are excited with the commencement of trading activity in Lima. More than 50% of the volume traded in the BVL is attributable to mining companies. BVL investors knowledge and familiarity with the mining industry makes it a valuable platform to expand the Company's investor base".

Kallpa Securities SAB ("Kallpa") acted as the Company's sponsor for the BVL listing. Kallpa is the sponsor of 12 of the 16 junior mining companies listed on the Venture exchange of the BVL and is advisor to 3 senior mining companies, formerly part of the Venture exchange.

About Southern Legacy Minerals Inc.

Southern Legacy Minerals Inc. ("Southern Legacy") (TSX VENTURE:LCY) is an exploration company with a portfolio of copper and gold projects in South America. Southern Legacy is currently focused on advancing its flagship copper and gold AntaKori project (formerly known as Sinchao), located in northern Peru between Gold Fields' Cerro Corona and Buenaventura‐Southern Copper's Tantahuatay mines. The project currently has a NI 43‐101 compliant inferred resource estimate of 294 Mt with average copper and gold grades of 0.48% and 0.36 g/t, respectively, containing 3.1 Blbs of copper and 3.4 Mozs of gold, at an average copper equivalent grade of 0.92%.

Forward Looking Statement:

Certain of the information contained in this news release constitutes 'forward‐looking statements' within the meaning of securities laws. Such forward‐looking statements, including but not limited to those with respect to the prices of metals and minerals, purchase payments, estimated future production and estimated costs of future production involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any forecast results, performance or achievements expressed or implied by such forward‐looking statements. Such factors include, among others, the actual prices of metals and minerals, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the documents of the Company filed from time to time with the British Columbia Securities Commission.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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