Nulegacy Gold Corporation (NULGF)

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NuLegacy Reports Executive Changes

Updates Investor Presentation
RENO, Nev., April 16, 2019 (GLOBE NEWSWIRE) -- NuLegacy Gold is pleased to announce the following changes to its leadership team:

Mr. Alex Davidson is appointed as Chairman of the Board. Alex is a former Executive VP of Barrick Gold.
Mr. Albert Matter resumes his founding role as CEO of the Company.
Mr. James Anderson is retiring as CEO of NuLegacy Gold to pursue a new career as Chairman, President and Chief Executive Officer of Vangold Mining Corp; he will continue as a Director of NuLegacy.
Mr. Alan Hill, a former EVP of Barrick Gold and currently a NuLegacy Director will oversee Engineering studies/evaluations.
Mr. Edward Cope will maintain his responsibility for Discovery and Evaluation. Edward was the former VP for Northern American Exploration for Barrick Gold. Mr. John Budreski will continue as Lead Independent Director and Dr. Roger Steininger co-founder of NuLegacy remains a Director and the Company’s “QP”.

As founding partner, together with Dr. Roger Steininger, Mr. Matter was instrumental in assembling and acquiring the Company’s current 108 sq km Red Hill property in the famed Cortez Trend; the second largest gold trend1 in Nevada after the Carlin Trend located parallel and 40 miles to the north-east, for which these behemoth Carlin-style gold deposits are named.

Initially enrolled as directors, the above three former Barrick executives are now proactive participants in NuLegacy. These gentlemen helped guide Barrick Gold’s most dramatic growth period in the late 1990’s and early 2000’s through its acquisition of Sutton Resources, Arequipa Resources, Homestake Mining, Lac Minerals and Placer-Dome, as well as the discovery of 50 million ounces of gold, and the building of four of the world’s largest gold mines.

In 2017-18, with the help of these former Barrick executives, NuLegacy was able to enroll four of Barrick’s world class geo-technical team (listed below). These individuals, under Ed Cope’s direct supervision, contributed to finding that 50 million ounces of gold in the Carlin and Cortez gold trends of Nevada on behalf of Barrick over the past 15 years.

NuLegacy’s Barrick Alumni
Name Position with NUG Position at Barrick Period Other
Alex Davidson Dir, Chairman EVP of Exploration & Corporate Development 1996-2009 Chair, Yamana Gold
Ed Cope Dir, Discovery VP North American Exploration (NV) 199?-2016 n.a.
Alan Hill Dir, Engineering Executive VP 1984-2003 Chair, Teranga Gold
Charles Weakly District Geologist Regional Geologist 1996-2017 n.a.
Bill Mounts Drilling Supervisor Drilling Coordinator 1993-2016 n.a.
Denise Dowell Database Manager GIS Technician 2014-2016 n.a.
John Katseanes Deposit Modeling Exploration Technical Supervisor 1992-2016 Extrados, LLC
Together with NuLegacy’s long-standing exploration team members of Dr. Roger Steininger, Garrett Frey, Bryan Kellie, Robert Spring, and JoAnn Newbury this former Barrick Gold geo-technical team is transforming the prospects of our Red Hill property.

Please follow this link to updated Investor presentation: http://bit.ly/NUGInvestorPresentation

About NuLegacy Gold Corporation: NuLegacy is a Nevada exploration company focused on discovering additional Carlin-style gold deposits on its premier district scale 108 sq. km (42 sq. mile) Red Hill Property in the prolific Cortez gold trend of Nevada.

To date NuLegacy has discovered the Iceberg Carlin-style gold deposits and has identified several more highly prospective exploration targets that are being drilled this year.

NuLegacy’s Red Hill Property is located on trend and adjacenti to the three multi-million ounce Carlin-type gold deposits (the Pipeline, Cortez Hills and Goldrush deposits) that are amongst Barrick Gold’s largest, lowest cost and politically safest gold minesii.

i The similarity and proximity of these deposits in the Cortez Trend is not necessarily indicative of the gold mineralization in NuLegacy’s Red Hill Property.

ii As extracted from Barrick’s Q4-2013 and Q1-2014 reports. As reported by Barrick, the Goldrush resource contains 8,557,000 indicated ounces of gold within 25.78 million tonnes grading ~10.57 g/t and 1,650,000 inferred ounces within 5.6 million tonnes grading ~9.0 g/t.

On Behalf Of NuLegacy Gold Corporation

Albert J. Matter, Chief Executive Officer

For further information, please phone [phone] or contact Albert Matter (CEO) at [e-mail] or visit www.nulegacygold.com.

Roger Steininger, a Director of NuLegacy is a Certified Professional Geologist (CPG 7417) and the qualified person as defined by NI 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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