Mr. Albert Matter reports

NULEGACY GOLD PROVIDES UPDATE

The failure to discover economic quantities of ore grade gold on NuLegacy Gold Corp.'s Red Hill property in Nevada has challenged the company's ability to continue to finance operations, and as a consequence, the company is considering suspending operations with a possible reorganization including an assignment and debt settlement of existing payables.

Sufficient funds were raised in its recent financing to pay the Bureau of Land Management and county lease payments on its only significant asset, the Red Hill property, through to Sept. 1, 2025. The Red Hill property will be available for purchase until June 1, 2025. Thereafter, the eastern half of the property will revert to its underlying owner, while the lease on the western half will expire Sept. 1, 2025.

While the proposed consolidation of its shares on a 1 for 25 basis was approved by the shareholders on the Oct. 7 AGM, NuLegacy will not be proceeding with it, nor the name change at this time, for lack of funding.

We seek Safe Harbor.