Southern Legacy Files NI 43-101 Technical Report for the Antakori Project in Cajamarca, Northern Peru

Southern Legacy Minerals Inc. ("Southern Legacy" or "the Company") (TSX
VENTURE:LCY) is pleased to announce that it has filed a National Instrument
43-101 ("NI 43-101") compliant technical report related to its press release on
July 3, 2012 announcing the inferred resource estimate for the Company's
AntaKori Project.


The independent technical report, entitled "Technical Report, Southern Legacy
Minerals Inc., AntaKori Property, Yanacocha-Hualgayoc Mining District,
Department of Cajamarca, Peru" (the "Technical Report"), dated July 2, 2012, was
prepared for Southern Legacy by Scott E. Wilson Consulting, Inc. of Englewood,
Colorado. The Technical Report is available under the Company's profile on SEDAR
at www.sedar.com and on the Company's website at www.slminerals.com.


The AntaKori Project, containing copper (Cu), gold (Au), silver (Ag), molybdenum
(Mo), lead (Pb) and zinc (Zn), is located between Gold Fields Limited's Cerro
Corona mine and Buenaventura's Tantahuatay mine in Cajamarca, Peru. As at July
2, 2012, the project hosts 5.9 billion pounds of inferred copper equivalent
resource at an average copper equivalent grade of 0.92%. Applying a cut-off
grade of 0.20% Cu in-pit and 0.50% Cu underground, the resource is summarized in
the table below:




----------------------------------------------------------------------------
Resource Type                          Inferred Category                    
                  ----------------------------------------------------------
                                            Grade          Grade            
                      Tonnes  Grade    KOz     Ag    KOz      Cu      Cu Lbs
                    (x1,000) Au g/t     Au    g/t     Ag       %    (x1,000)
----------------------------------------------------------------------------
In-Pit               125,388   0.25  1,008   6.60 26,606    0.28     774,012
----------------------------------------------------------------------------
Underground          169,376   0.44  2,396  12.79 69,647    0.63   2,352,481
----------------------------------------------------------------------------
Total                294,764   0.36  3,404  10.16 96,253    0.48   3,126,493
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Resource Type                          Inferred Category                    
                  ----------------------------------------------------------
                     Grade            Grade             Grade               
                        Mo    Mo Lbs     Pb    Pb Lbs      Zn         Zn Lbs
                       ppm   (x1000)      %  (x1,000)       %       (x1,000)
----------------------------------------------------------------------------
In-Pit                6.93     1,916   0.05   138,216    0.22        608,152
----------------------------------------------------------------------------
Underground          13.48     5,034   0.08   298,728    0.26        970,865
----------------------------------------------------------------------------
Total                10.69     6,950   0.07   436,944    0.24      1,579,018
----------------------------------------------------------------------------
Notes:  i) Estimates were calculated using Inverse Distance Squared method  
        ii) Estimates were calculated within a Whittle Pit and limited to   
        Southern Legacy's property mineral tenure                           
        iii) Underground resources assume Block Caving at 0.50% Cu cutoff   
        grade                                                               
        iv) Copper equivalent formula uses $1,500 per ounce gold, $30 per   
        ounce silver, $3.50 per pound copper, $0.85 per pound for lead and  
        zinc and $16 per pound molybdenum                                   
        v) The resource model was based on 17,952 m of diamond core drilling
        in 70 drill holes                                                   



Qualified Person

Scott E. Wilson, C.P.G., of Scott E. Wilson Consulting, Inc. in Englewood,
Colorado prepared the AntaKori resource estimate.


Mr. Wilson is an independent qualified person as defined by National Instrument
43-101 and has prepared or reviewed the preparation of the information which
forms the basis of this press release. He is a Certified Professional Geologist,
a member of the American Institute of Professional Geologists (CPG #10965) and a
Registered Member (#4025107) of the Society of Mining and Metallurgy and
Exploration, Inc., a professional association and designation recognized by the
Canadian regulatory authorities. Mr. Wilson verified the data, including the
sampling, analytical and test data underlying the information, disclosed in this
release. Verification included a review and validation of the applicable assay
databases and reviews of assay certificates.


On behalf of Southern Legacy Minerals Inc.,

Cesar Lopez, Interim CEO  

About Southern Legacy Minerals Inc. 

Southern Legacy Minerals Inc. ("Southern Legacy") (TSX VENTURE:LCY) is an
exploration company with a diversified portfolio of gold and copper projects in
South America. Southern Legacy's current projects span along the Andes in
Colombia, Peru and Chile. Led by a management team with over 20 years of mineral
exploration and development experience in South America, the team boasts strong
relationships with local government officials and stakeholders in the
jurisdictions where their projects are situated. Southern Legacy is currently
focused on expanding the resource at its flagship copper and gold project
AntaKori (formerly known as Sinchao), located in northern Peru between Gold
Fields' Cerro Corona and Buenaventura's Tantahuatay mines.


Forward Looking Statement:

Certain of the information contained in this news release constitutes
'forward-looking statements' within the meaning of securities laws. Such
forward-looking statements, including but not limited to those with respect to
the prices of metals and minerals, purchase payments, estimated future
production and estimated costs of future production involve known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievements to be materially different from any forecast
results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, the actual
prices of metals and minerals, the actual results of current exploration,
development and mining activities, changes in project parameters as plans
continue to be evaluated, as well as those factors disclosed in the documents of
the Company filed from time to time with the British Columbia Securities
Commission.