NuLegacy Gold : The Mid-rift Anticline target as a Goldrush Analogue

The Mid-rift anticline

target as a

Goldrush Analogue

NuLegacy Gold

CORPORATION

August 2023

Forward Looking Statements / Disclaimers

NuLegacy Gold

C O R P O R A T I O N

This presentation provides information in summary form, is not intended to be complete and may contain errors. No representation, warranty or guarantee of any kind, express or implied, is made as to the fairness, accuracy or completeness of information contained in this presentation including the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, results or statements in relation to future matters. NuLegacy is not liable to any recipient or third party for the use of or reliance on the information contained in this presentation.

This presentation also contains forward-looking information and statements under applicable securities laws, which information and/or statements relate to future events or future performance (including, but not limited to, NuLegacy's interpretation of the Goldrush deposit as an analogue to the Red Hill property, potential continuity of major structures and host rocks and link between gold mineralization and metamorphic alteration at Goldrush and other major deposits in the Cortez Gold Trend to Red Hill, estimated length, width, thickness, structural, and geochemical characteristics and prospective nature of identified targets and stratigraphic horizons including the Rift Anticline targets and Wenban5 horizon, anticipated results from future exploration and drilling programs and the number, location, depth, timing and cost of proposed drill targets and surveys) and reflect management's current expectations and beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that such forward-looking information and statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of exploration activities and drilling, unanticipated geological, stratigraphic and structural formations, misinterpretation or incorrect analysis of projected geological structures, alterations and mineralization, environmental risks, operating risks, accidents, labor issues, inability or delays in accessing drill rigs, supplies and/or contractors, delays in obtaining governmental approvals and permits, delays in receipt of assay results from third party laboratories, inflation, future prices for gold, changes in personnel, adverse weather conditions and natural disasters and other risks in the mining industry. In addition, there is uncertainty about the continued spread and severity of COVID-19, the ongoing war in Ukraine, elevated inflation and high interest rates and the impact they will have on the Company's operations, personnel, global supply chains, ability to access properties or procure exploration equipment and contractors on a timely basis and economic activity in general. There are no known resources or reserves at the Red Hill Property and the proposed exploration and drill program is an exploratory search for commercial bodies of ore. In addition, the presence of gold resources on properties adjacent or near the Red Hill Property including Goldrush, is not necessarily indicative of the gold mineralization at the Red Hill Property. All forward-looking information and statements made in this presentation are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at www.sedarplus.ca. The forward-looking information and statements in this presentation 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 by applicable laws. Accordingly, readers should not place undue reliance on forward-looking information and statements.

Nothing in this presentation constitutes an offer to sell or the solicitation of an offer to buy any security and it is not intended to be relied upon as advice to investors or potential investors, and does not constitute a personal recommendation or take into account the investment objectives, financial situation or needs of any particular investor. NuLegacy's securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

Dr. Roger Steininger, a director of NuLegacy, is a Certified Professional Geologist (CPG 7417) and the qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, responsible for approving the scientific and technical information contained in this presentation.

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Introduction - purpose of presentation:

NuLegacy Gold

C O R P O R A T I O N

Provide the information and motivation to support the next drilling campaign!

To that end we will focus on the main opportunity - the Mid-rift:

• Goldrush, the analogue for the Mid-rift.	Slide	3
• The new guard - dream team.	Slide	4
• World's best location!	Slides	5, 6 and 7
• Mid-rifthigh-grade opportunity & interpretation.	Slides	8 through 11
• Drilling plan and hole locations.	Slides	12 through 15
• Success, funding & responsibility.	Slides	16 through 19

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The Analogue - the ten-million-ouncehigh-grade Goldrush deposit	1,2	NuLegacy Gold
	C O R P O R A T I O N

•	Directly across the valley and on trend with NUG's Red
	Hill property (10,800 hectares);
•	~ 4 km long corridor of highly fractured Wenban5
	(Dw5) formation, the most favorablegold bearing

Goldrush

Selected drill results

	horizon in Carlin-type deposits;
•	~ 125 to 375 m wide axial crest; 50 to 75 meters thick
	Wenban5;
•	Footprint of ~ 1.2 sq. km (120 hectares/290 acres) of
	discontinuous 'mineralized' material;
•	Exploration progress/resources expansion:
	•	Jan 2008	~ 2.2 million oz
	•	Jan 2009	~ minimal drilling
	•	Jan 2011	~ 7.1 million oz
	•	Jan 2013	~ 14.1 million oz
	•	Jan 2014	~ 20+ million oz @ ~ 4 g/t gold open-pit mine
	•	Jan 2016	~ 10 million oz @ 7 g/t gold when recategorized
			as underground mine2
• 2024 production targeted at ~ 450,000 oz.

80 ft @ 0.53 oz/t

(465 feet depth)

100 ft @ 0.50 oz/t

Grade x Thickness

Drill hole & Resource model

• 5 oz-ft
  5-10oz-ft

10-20oz-ft
20-50oz-ft
> 50 oz-ft	(Barrick Gold, 2018)

145 ft @ 0.50 oz Au/t =

44.2 m @ 17 g Au/t

65 ft @ 0.52 oz/t

80 ft @ ~1 oz Au/t =

24.4 m @ ~34 g Au/t

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NuLegacy's current geotechnical team

NuLegacy Gold

C O R P O R A T I O N

Barrick's Goldrush discovery team affirms the analogue:

*Charles Weakly (2018) - Exploration Manager

With over thirty years of success directing all aspects of near-mine exploration activities for Barrick Gold Exploration at the Goldstrike mine area, Charles is now responsible for leading the search for the discovery of the next world class gold deposit at our Red Hill property.

*Nancy Richter (2023) - Consulting Team Leader

A senior member of Barrick Gold's exploration team Ms. Richter spent over twenty-five years exploring and developing Carlin-type gold projects in Nevada. She was Chief Exploration Geologist (CEG) at Turquoise Ridge and Cortez Hills and contributed significantly to the Goldrush discovery.

*Bob Leonardson (2023) - Consulting Geologist

During his fifty-five-year career Bob Leonardson is credited with numerous discoveries. Joining Barrick in 1992 he developed a unique understanding of the fabulous Goldstrike Mine (Carlin trend); following Barrick's acquisition of Placer Dome, he exported that methodology to the Cortez Trend contributing to the discovery of millions of ounces of gold at the Pipeline, Cortez Hills and Goldrush/Fourmile.

*Mike Penick (2023) - Consulting Geologist

In forty-five years of exploration success Mike Penick held numerous positions with Barrick and Newmont including Dir. USA Minesite Exploration for the Cortez, Goldstrike, Turquoise Ridge, Bald Mountain and Ruby Hill properties and contributed significantly to the Goldrush discovery.

*William Mounts (2018) - Drilling Supervisor

With over fifty years with Newmont and Barrick Gold, Bill is credited with saving millions of dollars in drilling expenses while participating in the discovery of numerous of their largest gold mines.

*Five (of the seven) NuLegacy principals & geo-team who were instrumental

in the discovery of one or more of four of Barrick's best gold deposits.

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