First Legacy Mining Corp. Announces Updates ON LAC Burge Property, Private Placement, & the Acquisition of Mineral Claims IN the Athabasca Basin

FIRST LEGACY MINING CORP. ANNOUNCES UPDATES ON LAC BURGE PROPERTY,

PRIVATE PLACEMENT, & THE ACQUISITION OF MINERAL CLAIMS IN THE

ATHABASCA BASIN

Vancouver, British Columbia – August 31, 2018: First Legacy Mining Corp. (the “Company”) (TSX-V: FLM) is

pleased to announce that it acquired three mineral claims totalling approximately 1,232.851 hectares located in the

Athabasca Basin in Saskatchewan, Canada, known as the “Geiger North Project” (the “ Property”) by issuing

3,000,000 common shares and paying $7,500 in cash to the three arm’s length vendors (the “ Vendors”) of the

Property. The Vendors will retain a 2.0% new smelter return royalty (the “NSR Royalty”) which the Company has

the right to buy down one-half (50%) of the NSR Royalty by paying $ 1,000,000, leaving the Vendors with a 1.0%

NSR Royalty. The common shares issued to the Vendors are subject to a four month hold period from the date of

issuance.

The Property is located approximately 35 km northwest of the McClean Lake uranium mine and mill in the Athabasca

Basin. The Company is pleased to add an additional property to its portfolio.

Lac Burge Property Updates

To follow up on the results of the 2018 summer geophysical program, the Company intends to perform a detailed

soil sampling program at the Lac Burge Gold Project, located in the Township of Duplessis, approximately 215 km

north-east of Val-d’Or, Quebec. The focus of the program is the Rochon Showing, where geophysical interpretation

defined structures of interest and where anomalous copper values were encountered in the 2016 short hole drilling

program.

Private Placement

The Company also announces that it intends to complete a non-brokered private placement of up to 2,000,000 units

(each a “Unit”) at a price of $0.15 per Unit for total gross proceeds of $300,00 0. Each Until will be comprised of

one common share and one common share purchase warrant (each a “ Warrant”). Each Warrant is exercisable to

purchase one common share of the Company at a price of $0.30 per share for a period of 24 months from the date of

closing of the financing.

The private placement is subject to TSX Venture Exchange approval and all secur ities are subject to a four month

hold period. Finder's fees will be payable in connection with the private placement, all in accordance with the policies

of the TSX Venture Exchange.

The proceeds from this financing will be used for exploration on the Company’s properties and for general working

capital purposes.

The scientific and technical information contained in this news release has been reviewed and approved by Kristopher

J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a “Qualified Person”

as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About First Legacy Mining Corp.

First Legacy Mining Corp. is a mineral exploration company focused on the acquisition, exploration and development

of mineral resource properties.

Contact Information - For more information, please contact:

Max Sali, Chief Executive Officer

Tel: (604) 367-8117

Email: [email protected]

Cautionary Statement Regarding “Forward-Looking” Information.

- 2 -

This news release includes certain statements that constitute “forward -looking information” within the meaning of applicable

securities law, including without limitation, statements that address the Lac Burge property and the Geiger North Property, the

private placement, comments regarding the timing and content of upcoming work programs, and other statements relating to the

business prospects of the Company.

Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and

assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of

amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect

to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, bu t not

always, using words or phrases such as “expects” or “does not expect”, “is e xpected”, “anticipates” or “does not anticipate”,

“plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be

taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may

be forward-looking statements. Forward-looking statement are necessarily based upon a number of factors that, if untrue, could

cause the actual results, performances or achievements of the Company to be materially different from future results,

performances or achievements express or implied by such statements. Such statements and information are based on numerous

assumptions regarding present and future business strategies and the environment in which the Company will operate in the

future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and economic

conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable

terms, and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the

Company’s planned exploration activities will be available on reasonable terms and in a timely manner . While such estimates

and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant

business, economic, competitive and regulatory uncertainties and risks.

Forward-looking statements are subject to a variety of risks and uncertainties, which could cause actual events, level of activity,

performance or results to differ materially from those reflected in the forward-looking statements, including, without limitation:

(i) risks related to gold, copper and other commodity price fluctuations; (ii) risks and uncertainties relating to the interpretation

of exploration results; (iii) risks related to the inherent uncertainty of exploration and cost estimates and the potential f or

unexpected costs and expenses; (iv) that resource exploration and development is a speculative business; (v) that the Company

may lose or abandon its property interests or may fail to receive necessary licences and permits; (vi) that environmental la ws

and regulations may become m ore onerous; (vii) that the Company may not be able to raise additional funds when necessary;

(viii) the possibility that future exploration, development or mining results will not be consistent with the Company’s

expectations; (ix) exploration and development risks, including risks related to accidents, equipment breakdowns, labour disputes

or other unanticipated difficulties with or interruptions in exploration and development; (x) competition; (xi) the potential for

delays in exploration or development activities or the completion of geologic reports or studies; (xii) the uncertainty of

profitability based upon the Company’s history of losses; (xiii) risks related to environmental regulation and liability; (xiv) risks

associated with failure to maintain community acceptance, agreements and permissions (generally referred to as “social

licence”), including local First Nations; (xv) risks relating to obtaining and maintaining all necessary government permits,

approvals and authorizations relating to the continued exploration and development of the Company’s projects; (xvi) risks related

to the outcome of legal actions; (xvii) political and regulatory risks associated with mining and exploration; (xix) risks re lated

to current global financial conditions; and (xx) other risks and uncertainties related to the Company’s prospects, properties and

business strategy. These risks, as well as others, could cause actual results and events to vary significantly.

There can be no assurance that economic resources will be discovered or developed at the Lac Burge property or the Geiger

North Project. Accordingly, actual results may differ materially from those currently anticipated in such statements.

Factors that could cause actual results to differ materially from tho se in forward looking statements include, but are not limited

to, continued availability of capital and financing and general economic, market or business conditions, the loss of key directors,

employees, advisors or consultants, adverse weather conditions , equipment failures, failure of counterparties to perform their

contractual obligations and fees charged by service providers. Investors are cautioned that forward -looking statements are not

guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward -looking

statements due to the inherent uncertainty of such statements. The forward -looking statements included in this news release are

made as of the date hereof and the Company disclaims any intention or obl igation to update or revise any forward -looking

statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable

securities legislation.

Neither the TSX Venture Exchange nor its Regulation Service s Provider (as that term is defined in the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.