RENO, NEVADA--(Marketwired - April 2, 2015) - The Company (TSX VENTURE:NUG)(OTC PINK:NULGF) announces that it has granted stock options to certain directors, officers and consultants to purchase up to an aggregate of 4,675,000 common shares at a price of $0.15 per share exercisable for a period of five years. The options are subject to vesting in 4 equal semi-annual instalments over a period of 18 months with the initial instalment vesting immediately.
About NuLegacy: NuLegacy Gold has discovered a classic Carlin-type oxidized gold deposit in the famed Cortez gold-trend of Nevada. The Iceberg is on a 60 sq. km portion of the Cortez optioned from Barrick Gold Corporation and is on trend with three of Barrick`s multi-million ounce Carlin-type systems that are its largest, lowest cost and politically safest gold depositsi in the world. The Iceberg is adjacentii to the third of these, the Goldrush deposit,iii which is the most significant green-field discovery by a major gold producer in the past five years.
On Behalf Of NuLegacy Gold Corporation
James E Anderson, Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
| i As extracted from Barrick's Q4-2013 and Q1-2014 reports. |
| ii The close proximity of the Goldrush deposit to the Iceberg deposit is not necessarily indicative of the gold mineralization in the Iceberg deposit. |
| iii As reported by Barrick as of December 31, 2013, the Goldrush deposit contained a resource of 423,000 ounce of gold (3.1 million tons grading 0.137 oz./ton - measured), 9,537,000 ounces (72.5 million tons grading 0.132 oz./ton - indicated) and 5,555,000 ounce (39.5 million tons grading 0.141oz./ton - inferred). |