2023 ''do or die'' time RENO, Nev., Feb. 22, 2023 (GLOBE NEWSWIRE) -- *NuLegacy Gold *reports on the first of several new consultancies being pursued as part of our strategy to expand our geo-team to increase and capitalize on the values we’ve established. We are pleased to welcome Ms. Nancy Richter, formerly US Exploration Manager, Barrick Gold Exploration Inc., to our team. Ms. Richter has a proven record of discovery including credits on the very high-grade Fourmile deposit north of the Goldrush deposit and subsequent expansion drilling. Ms. Richter is an economic geologist with more than 25 years’ experience exploring for and developing Carlin-type gold projects in Nevada. From 2005 to 2020, Ms. Richter was a senior member of Barrick Gold’s exploration team, managing exploration at two of Barrick’s major districts as Chief Exploration Geologist (CEG) Turquoise Ridge (2013-2015) and CEG, Cortez (2015-2017), then leading all of Barrick’s US exploration as US Exploration Manager (2017-2020). Prior to joining Barrick, Ms. Richter worked as an exploration and mine geologist for several other companies, including as a Project Geologist for Newmont at the Post/Betze Mine on the Carlin trend. Ms. Richter holds an MS in Economic Geology from the University of Arizona. Ms. Richter has worked with Mr. Charles Weakly, our Exploration Manager and together they will focus on our summer 2023 drilling program. They will select 4 or 5 of the best holes to be drilled initially out of the 25+ possible drill sites that the geo-crew have selected. The rigorous drill hole selection process will start with a scheduled geo-technical review session in early March and is scheduled to be completed by May 1 with a view to ‘finally’ either make a discovery, or at the very least, further narrow the field of opportunity one last time. With the cooperation of our drilling contractor, logistical service provider and our assay lab provider, the schedule is for drilling of these holes to commence June 1, 2023, and finish by July 15^th , and to have the initial assays for gold completed and in hand for reporting by August 15^th . The drilling will require additional financing as our current treasury has C$~2.0 million reserved for maintenance of the Red Hill property position and the minimal staffing and professional fees required for executing on the exit strategy - enrolling one of the four or five currently identified and qualified acquirors of the Red Hill property. When appropriate we plan to announce a modest equity unit private placement, preferably at five cents per unit, being the minimum price allowed to issue free-trading shares.