By SEC regulatory requirement,

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PRESS RELEASE

By SEC regulatory requirement,

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR

FOR DISSEMINATION IN THE UNITED STATES

- NULEGACY CLOSES THIRD AND FINAL TRANCHE OF THE CURRENT PP -

For Immediate Release November 27, 2023

Reno, NV – NuLegacy announces that it has today closed the third and final tranche of its previously

announced non-brokered private placement of 100,000,000 units (“Units”) at a price of C$0.025 per Unit

(the “Offering ”). The Company sold an additional 7,057,500 Units for gross proceeds of C$176,43 8

bringing the total offering to 47,721,500 Units for aggregate gross proceeds of C$1,193,038 . Due to the

current trading price of the Company’s shares being in excess of C$0.025 (the offering price of the Units),

pursuant to exchange polic y the TSX Venture Exchange would not accept the Company’s request for a

further extension to complete the balance of the Offering at a price of $0.025 per Unit. Market conditions

permitting, the Company may offer additional Units at the current pricing between now and December 11,

2023 prior to receipt of initial assay results from the Company’s current drill program.

Finder’s fees totaling C$9,275 cash and 371,000 non-transferable share purchase warrants to purchase up

to 371,000 common shares at a price of C$0.05 per share for a period, subject to acceleration, of five years

were paid to certain registered dealers in connection with the third closing. All securities issued under the

third closing are subject to a four month hold period expiring March 28, 2024.

About NuLegacy Gold: NuLegacy Gold is exploring for high-grade Carlin -style gold deposits on its

superbly located 108 sq. km (42 sq. mile) district scale Red Hill property. Red Hill is on trend/adjacentI to

three of Nevada Gold Mines’ most profitable multi -million ounce Carlin-type gold mines; the Pipeline,

Cortez and GoldrushII with their massive 50+ million ounces gold endowment. These are three of the thirty

largest, lowest cost, highest grade, and politically safest gold mines, producing circa 3% of the world’s

gold. Each of NuLegacy’s seven principals/exploration team members has contributed to the

discovery/expansion of one or more of Nevada’s seven massive Carlin-style gold deposits.

I The similarity and proximity of these deposits in the Cortez Trend including Goldrush are not necessarily indicative

of the gold mineralization in NuLegacy’s Red Hill Property.

II Currently structured as an underground mine Goldrush contains P&P: 7.8 M oz @ 7.29 g/t; M&I: 8.5 M oz @ 7.07

g/t (inclusive of P&P); and Inferred: 4.5 M oz @ 6.0 g/t (as of December 31, 2021). Source: Corporate presentation

of Nevada Gold Mines – Goldrush Underground dated September 22, 2022.

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ON BEHALF OF THE BOARD OF NULEGACY GOLD CORPORATION

Albert J. Matter, Chief Executive Officer & Cofounding Director

Tel: +1 (604) 639-3640; Email: [email protected]

For more information about NuLegacy visit: www.nulegacygold.com or www.sedarplus.ca

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of

any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of

the securities in the United States of America. The 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 NI 43-101, Standards of Disclosure for Mineral Projects, responsible for approving the scientific

and technical information contained in this news release.

Cautionary Statement on Forward-Looking Information: This news release contains forward-looking information

and statements under applicable securities laws, which information and/or statements relate to future events or future

performance and reflect management’s current expectations and beliefs based on ass umptions 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 ris ks 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, adverse weather conditions, accidents, labor issues, delays in obtaining

governmental approvals and permits, inability to secure drilling equipment and/or contractors on a timely basis or at

all, delays in receipt of assay results from third party laboratories, inflation, future prices for gold, changes in

personnel and other risks in the mining industry. There are no assurances that the net proceeds from the Offering will

be sufficient to complete the Company’s proposed 2023 fall/winter drill program in its entirety. Furthermore, there

are no known mineral resources or reserves in the Red Hill Property, the proposed drill program is an exploratory

search for ore and the presence of gold resources on properties adjacent or near the Red Hill Property including the

Goldrush deposit is not necessarily indicative of the gold mineralization on the Red Hill Property. There is also

uncertainty about the continued spread and severity of COVID-19, the ongoing wars in Ukraine and Gaza, elevated

inflation and high interest rates and the impact they will have on the NuLegacy’s operations, personnel, supply chains,

ability to raise capital, access properties or procure exploration equipment, supplies, contractors, and other personnel

on a timely basis or at all and economic activity in general. All the forward-looking information and statements made

in this news release 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 news release 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 law. Accordingly, readers should not place undue reliance on

forward-looking information and statements.

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

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