NuLegacy Gold Starts Important Drilling Program at Red Hill Gold Project, Nevada

RENO, NEVADA--(Marketwire - March 27, 2012) - NuLegacy Gold Corporation reports the start of drilling at its Red Hill Project, Eureka County, Nevada. It is anticipated over 25 holes will be drilled in this campaign; the majority will be reverse circulation holes with several core holes as well.

"This Red Hills drill program is the most important exploration campaign in the Company's history," says Roger Steininger NuLegacy's COO. "We are following up on the multiple encouraging indications of gold mineralization and substantial geophysical anomalies identified in our previous work."

The program is designed to determine the size and grade of the gold deposit identified in the Long Fault Anomaly, to follow up on the indications of gold mineralization in the Central Pediment, Central Mineralized and Jasperoid Basin anomalies and explore East Pediment & Coal Canyon targets. See map at http://nulegacygold.com/i/pdf/NUG_2012_Drill_Site_Map.pdf.

A core drill rig has been mobilized onto the property to drill two core holes off-setting the higher grade gold mineralization in BRH-13 (13.7 meters of 8.1 gpt gold). These two holes as well as five of the reverse circulation holes are testing targets on the Miranda Gold Corp. (TSX VENTURE:MAD) portion of the Red Hill Project.

Reverse circulation drilling on the Red Hills is being conducted by Envirotech Drilling LLC of Winnemucca, NV; core drilling will be conducted by National EWP, LLC of Woodland, CA, all under the direction and supervision of NuLegacy Gold's COO, Dr. Roger Steininger (CPG 7417). All of the drill hole samples will be analyzed by American Assay Labs (Sparks, NV) for gold and a suite of 36 trace elements.

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 km² Red Hill Project and the 80 km² Wood Hills South Project. Both projects have geology similar to the adjacent multi-million ounce gold discoveries that were made subsequent to the acquisition of our 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 and the accompanying graphics link contain 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 and the accompanying graphics link 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.