Mr. Albert Matter reports

NULEGACY SUSPENDS DRILLING PROGRAM

NuLegacy Gold Corp. has suspended the summer/fall 2022 drilling program on its 100-per-cent-controlled, 108-square-kilometre flagship Red Hill exploration property located in the prolific Cortez gold trend of north-central Nevada, directly adjacent to and on trend with three of Barrick Gold's six top Tier 1 mines.

"We are suspending drilling after completing four of six planned holes pending assays for these completed holes and an improved financing environment," commented chief executive officer Albert Matter. The phase 1 Serena Extension drilling was designed to fill in several 100-metre gaps in the Serena North zone, particularly to determine if the highest grade on the property to date (16.9 grams gold per tonne over 8.7 metres -- Serena 18-02; see news release dated Aug. 27, 2018) has continuity to the west along the Long fault.

The Mid Rift target is within an apparent uplifted corridor of Paleozoic rocks (similar to Goldrush) defined by CSAMT (controlled-source audio-frequency magnetotelluric) geophysics that correlates directly with a 150-metre-wide zone of north-northwest-trending, steeply dipping faults, which are parallel to the Iceberg fault and anticipated to be a steep feeder fault for gold mineralization.

The company expects to release initial assay results from these four holes in the coming weeks. NuLegacy Gold is focused on confirming potential high-grade Carlin-style gold deposits within its flagship 108-square-kilometre (42-square-mile) district-scale Red Hill property in the Cortez gold trend of Nevada. The targets are on trend and adjacent to three multimillion-ounce Carlin-type gold deposits (the Pipeline, Cortez Hills and Goldrush deposits), which are ranked amongst the world's 30 largest, lowest-cost and politically safest gold mines and are three of Nevada Gold Mines' most profitable mines.

Dr. Roger Steininger, a director of NuLegacy, is a certified professional geologist (CPG No. 7417) and the qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, responsible for approving the scientific and technical information contained in this news release.

We seek Safe Harbor.