Mr. Patrick De Witt reports

NULEGACY GOLD ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION

Further to the company's news release dated May 23, 2025, and effective June 13, 2025, NuLegacy Gold Corp. will consolidate the common shares in the capital of the company on the basis of 25 preconsolidation shares for every one postconsolidation share. The company's name and stock symbol will remain unchanged following the consolidation. The new Cusip number will be 67053L603 and the new international securities identification number will be CA67053L6035 for postconsolidation shares.

The company currently has 723,773,953 shares issued and outstanding, and following the consolidation, the company will have approximately 28,950,959 shares issued and outstanding.

No fractional shares will be issued as a result of the consolidation. Any fractional shares resulting from the consolidation will be rounded up or down to the nearest whole share. The company's outstanding incentive stock options, warrants and any convertible securities will be adjusted on the same basis (1:25) to reflect the consolidation in accordance with their respective terms with proportionate adjustments to be made to the exercise prices.

The company's postconsolidation shares are expected to begin trading on the TSX Venture Exchange on or about June 13, 2025.

Letters of transmittal with respect to the consolidation will be mailed to all registered shareholders of the company. All registered shareholders will be required to send their respective certificates representing the preconsolidation shares along with a properly executed letter of transmittal to the company's transfer agent, Computershare Investor Services Inc., in accordance with the instructions provided in the letter of transmittal. Additional copies of the letter of transmittal can be obtained through the transfer agent at 1-800-564-6253, or by e-mail to corporateactions@computershare.com. All shareholders who submit a duly completed letter of transmittal along with their respective preconsolidation share certificate(s) to the transfer agent will receive a postconsolidation share certificate or direct registration advice representing the postconsolidation shares.

We seek Safe Harbor.