Southern Legacy Minerals Inc.: Geologic Data Study and Review of Antakori Project, Peru

Southern Legacy Minerals Inc. ("Southern Legacy" or the "Company") (TSX
VENTURE:LCY)(BVL:LCY) is pleased to announce that it has completed a
comprehensive nine-month study of the Company's flagship AntaKori Project,
located in the Hualgayoc Mining District, Cajamarca, Peru. This study comprised
the review and compilation of all geological and geophysical data obtained by
previous exploration programs, and, in particular, included the re-logging and
reinterpretation of all drill core and geologic data by the Company's technical
staff with the assistance from independent, experienced professional geologists.
The result of the study is a new and positive interpretation of the geology of
the AntaKori Project.


Highlights 

Highlights of the AntaKori Project include the following.



--  Identification of a large, outcropping and sub-surface, mineralized and
    telescoped Au-Cu porphyry system with associated, mineralized breccias,
    skarns, and porphyry-style mineralization hosted in sedimentary and
    intrusive rocks, and associated epithermal, high-sulphidation
    mineralization in the overlying volcanic rocks. 
--  Significant zones of mineralization have been intercepted by the
    previous drilling within large geophysical anomalies, thus confirming
    the utility of the geophysics used in identifying future exploration
    targets. 
--  Indication that the mineralized system is open in all directions, and
    has potential for expansion through future exploration programs. 
--  That re-logging for the drill core indicates that the overall
    mineralization of the AntaKori Project has a low arsenic content, with
    the ratio of high arsenic bearing mineralization (located in the highest
    elevations of the system) to low arsenic bearing mineralization being
    1:10. 



Commenting on the results, Fernando Pickmann, President & CEO stated: "We are
very pleased to receive such positive results regarding the geology and resource
potential of the Antakori Project. They exceed our expectations and we are
confident that our future exploration programs will confirm these preliminary
results. Our studies provide us with increased confidence in the upside resource
potential of the Antakori Project", he added. 


Mr. Allen David V. Heyl is Southern Legacy's Qualified Person (as defined by NI
43-101). Mr. Heyl has read and verified the scientific and technical information
in this news release. 


About AntaKori 

The Antakori Project is located in the prolific, highly mineralized central
Cajamarca Region of Peru. The property hosts a large copper-gold-silver
mineralized system. Within this region are multiple major and world-class
porphyry and epithermal deposits, including Yanacocha, Minas Conga, La Granja,
Cerro Corona, Tantahuatay, Michiquillay, Galeno, and La Zanja. The Project
encompasses 16 concessions and 232 hectares in the Hualgayoc district, and
represents the northeastern most portion of the mid-to-late Tertiary age
Tantahuatay volcanic centre with associated volcanic, porphyritic intrusive, and
metosomatically altered sedimentary rocks. The poly-metallic Gold (Au), Copper
(Cu), Molybdenum (Mo) and Silver (Ag) mineralization has been revealed by 48
diamond drill holes completed by previous owners. The Antakori property shows
mineralization on the surface over an extent of 3,000 m x 1500 m with a tested
depth to over 800 m. It is considered to be open in all directions.


About Southern Legacy Minerals Inc. 

Southern Legacy is a mineral exploration company with a portfolio of copper and
gold projects in South America. Southern Legacy is currently focused on
advancing its flagship copper and gold AntaKori Project (formerly known as
Sinchao), located in northern Peru between Gold Fields' Cerro Corona and
Buenaventura-Southern Copper's Tantahuatay mines. The AntaKori Project currently
has an inferred resource estimate of 3.1 billion pounds of copper and 3.4
million ounces of gold based on average copper and gold grades of 0.48% and 0.36
g/t respectively within a mineralized volume of 294 million metric tons. The
combined, copper equivalent grade is 0.92%. For additional information regarding
the AntaKori Project, please refer to the report entitled "Technical Report -
Southern Legacy Minerals Inc., AntaKori Project, Peru" dated July 2, 2012
prepared by Scott E. Wilson Consulting, Inc., a copy of which is available on
the Company's SEDAR profile at www.sedar.com. 


Note Regarding Forward-Looking Statements: 

This news release contains forward-looking statements and forward-looking
information within the meaning of applicable securities laws. The use of any of
the words "expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and
similar expressions are intended to identify forward-looking information or
statements. In particular, this news release contains forward-looking
information relating to the estimation of mineral resources, the resource
potential of the AntaKori Project and future exploration plans. The
forward-looking statements and information are based on certain key expectations
and assumptions made by the Company, including expectations and assumptions
concerning the resource potential of the AntaKori Project and future exploration
plans. Although the Company believes that the expectations and assumptions on
which such forward-looking statements and information are based are reasonable,
undue reliance should not be placed on the forward looking statements and
information because the Company can give no assurance that they will prove to be
correct. 


Since forward-looking statements and information address future events and
conditions, by their very nature they involve inherent risks and uncertainties.
Actual results could differ materially from those currently anticipated due to a
number of factors and risks. Factors which could materially affect such
forward-looking information are described in the risk factors in the Company's
most recent annual management's discussion and analysis that is available on the
Company's profile on SEDAR at www.sedar.com. The forward-looking statements
included in this news release are expressly qualified by this cautionary
statement. The forward-looking statements and information contained in this news
release are made as of the date hereof and the Company undertakes no obligation
to update publicly or revise any forward-looking statements or information,
whether as a result of new information, future events or otherwise, unless so
required by applicable securities laws. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Southern Legacy Minerals Inc.
Fernando Pickmann
President and CEO
+011.511.748.0100
[e-mail]