NuLegacy Initiates New Geophysical Surveys on Red Hill Gold Project, Nevada

NuLegacy Gold Corporation (TSX VENTURE:NUG) recently commenced a
deep-penetrating induced polarization ("IP") and resistivity survey on its Red
Hill Project in Nevada that is centered around the historic drill hole BRH-13
which contained a 13.7 m intercept grading 8.11 g/t gold (45 ft of 0.25 oz/ton
gold).


"The purpose of the survey is to guide NuLegacy`s future drilling programs by
delineating the structures and hydrothermal alteration related to the high grade
gold mineralization intersected in BRH-13," said Dr. Steininger, NuLegacy's COO.
"This survey is another important and valuable step toward our goal of
discovering a significant gold deposit at Red Hill."


This new IP survey will penetrate to a depth of about 700 m. Once the results
are evaluated, a drill plan will be developed to test the possible extensions of
the BRH-13's gold mineralization. Drilling is planned to re-start at the Red
Hill gold Project as soon as equipment is available this spring.


NuLegacy Gold's 100 square km Red Hill Project is in the Cortez Segment of the
Battle-Mountain trend immediately adjacent to Barrick's newly announced (Sept.
2011) 3.5 million ounce inferred resource Red Hill-Goldrush gold discoveries.


The Cortez Segment is a 5+ km wide and 25+ km long west-northwest alignment of
known large bulk-mineable, sediment-hosted gold deposits. This truly "world
class" gold district includes the Pipeline Complex (which NuLegacy's COO Dr.
Roger Steininger is credited with discovering in 1989), the Cortez and the
Cortez Hills gold mines, as well as the recent Red Hill-Goldrush gold
discoveries. NuLegacy's Red Hill Prospect comprises similar geology to these
gold deposits.


NuLegacy Gold Corporation is a Nevada focused exploration company exploring for
Carlin-type replacement gold deposits on its two highly prospective district
scale properties: the 100 square km Red Hill Project and the 80 square km Wood
Hills South Project. Both projects have geology similar to that of adjacent
multi-million ounce gold discoveries by others that were made subsequent to our
acquisition of the properties. The NuLegacy exploration and drilling programs
underway employ proprietary techniques for targeting multi-million ounce
deposits.


On Behalf Of The Board Of Directors Of NuLegacy Gold Corporation

Albert J. Matter, Chief Executive Officer

This news release contains forward-looking statements, which relate to future
events or future performance and reflect management's current expectations and
assumptions. Such forward-looking statements reflect management's current
beliefs and are based on assumptions made by and information currently available
to the Company. Readers are cautioned that these forward looking statements are
neither promises nor guarantees, and are subject to risks and uncertainties that
may cause future results to differ materially from those expected. See the
cautionary statement "Forward-Looking Statements" and "Risk Factors" in the
Company's prospectus dated November 10, 2010 available on SEDAR at
www.sedar.com. These forward-looking statements are made as of the date hereof
and the Company does not assume any obligation to update or revise them to
reflect new events or circumstances save as required under applicable securities
legislation. This news release does not constitute an offer to sell securities
and the Company is not soliciting an offer to buy securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such jurisdiction.
The technical disclosure in this press release has been reviewed by Dr. Roger
Steininger, the Chief Operating Officer of the Company and a Qualified Person as
defined by National Instrument 43-101 of the Canadian Securities Administrators.