Southern Legacy Announces Private Placement of Common Shares

Southern Legacy Minerals Inc. ("Southern Legacy" or the "Company") (TSX
VENTURE:LCY)(BVL:LCY) is pleased to announce its intention to complete a non-
brokered private placement offering of common shares of the Company ("Common
Shares") at a price of $0.25 per Common Share for maximum gross proceeds of up
to $750,000 (the "Offering"). There is no minimum Offering amount. The Company
may pay a finder's fee in connection with the issue and sale of any or all of
the Common Shares under the Offering. The Company anticipates that certain of
its insiders will participate in the Offering; however it is not expected that
any new insiders will be created, or that any change of control will occur, as a
result of the Offering. 


The Offering is expected to close on or about September 6, 2013 and is subject
to regulatory approval, including approval of the TSX Venture Exchange.


All securities issued in connection with the Offering will be subject to a hold
period of four months from the date of closing.


The net proceeds from the Offering will be used for option payments, expenses
related to drilling permit applications and access rights and for general
working capital purposes.


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 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 zone of 294 million tonnes. Southern
Legacy has the option to acquire an 83.16% and 62.5% interest in each of SMRL El
Sinchao and SMRL Rita Margot de Cajamarca, respectively, which are two Peruvian
mining companies, each an owner of three mineral concessions part of the
AntaKori Project. 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.


Forward-Looking Statement:

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 Offering and the use of the proceeds therefrom. The
forward-looking statements and information are based on certain key expectations
and assumptions made by the Company, including expectations and assumptions
concerning the completion of the Offering and the use of net proceeds of the
Offering. 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. Such factors may include the failure to
successfully market the Common Shares and failure to satisfy certain conditions
in connection with the issuance of the Common Shares. Other 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. Readers
are cautioned that the foregoing list of factors is not exhaustive. 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]
www.slminerals.com