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LGL8054

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LGL8054

Re: None

Thursday, 06/14/2012 2:20:21 PM

Thursday, June 14, 2012 2:20:21 PM

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Legacy announced on May 14, 2012, the Company entered into an agreement to sell certain undeveloped lands and minor production in southern Alberta to Bowood Energy Inc. (“Bowood”) in exchange for 200,000,000 common shares of Bowood. The agreement stipulates, among other things, that Bowood’s management team would be replaced by Trent Yanko as President + CEO and Matt Janisch as Vice President, Finance + CFO and that Bowood would be managed by Legacy under a services agreement.

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