Mr. Albert Matter reports

NULEGACY COMMENCES WINTER DRILLING PROGRAM

Drilling has commenced on NuLegacy Gold Corp.'s flagship 108-square-kilometre Red Hill property in the Cortez section of the prolific Battle Mountain-Eureka-Cortez gold trend of Nevada.

Drilling commenced on hole M23-01, the first of the planned five-hole winter 2023/2024 drilling program, with a truck-mounted Ingersoll Rand RD-10 reverse circulation drill capable of drilling to 3,000 feet. With an initial targeted termination depth of 2,000 feet, it is expected to take seven or eight days to complete. The rig will then move to hole IS23-02.

"With this configuration of holes, the probability of drilling a discovery hole, or being close enough that the alteration and geochemical analysis from that hole will vector us in the right direction, is very good," said Nancy Richter, exploration team leader.

About NuLegacy Gold Corp.

NuLegacy is exploring for high-grade Carlin-style gold deposits on its incredibly well-located 108-square-kilometre (42-square-mile) district-scale Red Hill property. Red Hill is on trend/adjacent to three of Nevada Gold Mines' most profitable multimillion-ounce Carlin-type gold mines: Pipeline, Cortez and Goldrush with their massive 50-million-plus-ounce gold endowment. These are three of the 30-largest, lowest-cost, highest-grade and politically safest gold mines, producing circa 3 per cent of the world's gold. Seven of NuLegacy's principals/exploration team members have contributed to the discovery/expansion of one or more of Nevada's seven massive Carlin-style gold deposits.

Dr. Roger Steininger, a director of NuLegacy, is a certified professional geologist (CPG 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.

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