Mr. Albert Matter reports

NULEGACY REPORTS INSIDER PARTICIPATION IN PRIVATE PLACEMENT

Further to the news release of Aug. 15, 2024, reporting a private placement of 100 million units at a price of one cent per unit to raise gross proceeds of $1.0-million, NuLegacy reports an insider has sold a portion of his existing free-trading shares of the company to facilitate purchases by investors seeking free-trading shares (as opposed to four-months hold units) with the proceeds of such insider sales to finance subscription for additional units under the offering.

As reported in his insider trading reports, Albert Matter, NuLegacy's chief executive officer, sold 10 million shares for proceeds of $50,000 and will subscribe for 5.0 million additional units. Mr. Matter had previously committed to subscribing for 10.0 million units, raising his total participation in the offering to 15.0 million units ($150,000).

The participation by directors and/or officers in the offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 based on the fact that neither the fair market value of the units subscribed for by the insiders, nor the consideration for the units to be paid by the insiders will exceed 25 per cent of the company's total market capitalization.

The completion of the offering is subject to, among other things, acceptance of the TSX Venture Exchange, and all securities issued pursuant to the offering will be subject to a four-month hold period from the date of closing.

About NuLegacy Gold Corp.

NuLegacy's focus is exploring for a high-grade Carlin-style gold deposit on its flagship 108-square-kilometre (42-square-mile) district-scale Red Hill property in the Cortez gold trend of Nevada directly on trend and adjacent to three, multimillion-ounce Carlin-type gold deposits (Pipeline, Cortez Hills and Goldrush) that are three of the world's 30-largest, lowest-cost, highest-grade and politically safest gold mines, and are three of Nevada Gold Mines' most profitable mines.

We seek Safe Harbor.