NuLegacy Gold Corporation has suspended the summer-fall 2022 drilling program on its 100% controlled 108 sq. km. Red Hill exploration property located in the prolific Cortez gold trend of north-central Nevada, directly adjacent to, and on trend with, three of Barrick Gold's six top Tier 1 mines.

The Phase 1 Serena Extension drilling was designed to ‘fill in' several 100-meter ‘gaps' in the Serena-North zone, particularly to determine if the highest grade on the property to date (16.9 grams gold/ton over 8.7 meters – Serena 18-02 – see news release dated Aug. 27, 2018) has continuity to the west along the Long fault. The Mid Rift target is within an apparent uplifted corridor of Paleozoic rocks (similar to Goldrush) defined by CSAMT geophysics that correlates directly with a 150-meter-wide zone of north-northwest trending, steep dipping faults which are parallel to the Iceberg fault, and anticipated to be a steep feeder fault for gold mineralization.

The Company expects to report initial assay results from these four holes in the coming weeks. NuLegacy Goldis focused on confirming potential high-grade Carlin-style gold deposits within its 108 sq. km (42 sq.

mile) district scale Red Hill Property in the Cortez gold trend of Nevada. The targets are on trend and adjacent to three, multi-million ounceCarlin-type gold deposits (the Pipeline, Cortez Hills and Goldrush deposits) which are ranked amongst the world's thirty largest, lowest cost and politically safest gold mines and are three of Nevada Gold Mines' most profitable mines.