NuLegacy Gold C ORPORATION

NUG:TSXV / NULGF:OTC

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NuLegacy Gold

C ORPORATION

- NuLegacy Suspends Field Exploration -

~ Focuses on financing and marketing the 108 sq km. Red Hill property ~

June 3, 2019 - Reno, NV – NuLegacy Gold announces that effective immediately it has suspended all

field exploration on its Red Hill property in the Carlin gold-trend of Nevada.

NuLegacy Gold’s board of directors has determined it is in the best long-term interests of the Company

to suspend field exploration until improved markets for gold and junior gold stocks present better

financing opportunities, or a joint venture or merger partner can be enrolled. The Company has

approximately Cdn $1.5 million cash in its treasury.

The highly prospective new targets (potentially Tier 1 exploration assets) generated by the 2018 wildcat

drilling and 2019 target delineation programs (Serena Offset, Rift Anticline and Fourmile Look- alike)

require significantly deeper core holes than the previous reverse circulation drill targets and thus are

considerably more expensive to drill; as such the board has instructed management to focus its current

efforts on negotiating with potential joint venture or merger partners who have expressed interest in the

Red Hill property while conserving cash.

About NuLegacy Gold Corporation: NuLegacy is a Nevada exploration company focused on discovering Carlin-style

gold deposits on its premier district scale 108 sq. km (42 sq. mile) Red Hill Property in the prolific Cortez gold trend

of Nevada.

To date NuLegacy has discovered the Iceberg Carlin -style gold deposits and has identified several additional highly

prospective exploration targets.

NuLegacy’s Red Hill Property is located on trend and adjacent i to the three multi- million ounce Carlin-type gold

deposits (the Pipeline, Cortez Hills and Goldrush deposits) that are amongst Barrick Gold’s largest, lowest cost and

politically safest gold minesii.

i The similarity and proximity of these deposits in the Cortez Trend is not necessarily indicative of the gold mineralization in

NuLegacy’s Red Hill Property.

ii As extracted from Barrick’s Q4 -2013 and Q1- 2014 reports. As reported by Barrick, t he Goldrush resource contains

8,557,000 indicated ounces of gold within 25.78 million tonnes grading ~10.57 g/t and 1,650,000 inferred ounces within 5.6

million tonnes grading ~9.0 g/t.

ON BEHALF OF NULEGACY GOLD CORPORATION

Albert J. Matter, Chief Executive Officer

For further information, please phone 604- 639-3640 or contact Albert Matter ( CEO) at [email protected] or visit

www.nulegacygold.com.

Roger Steini nger, 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.

NUG:TSXV / NULGF:OTC

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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 news release.

This news release contains forward-looking statements, which relate to future events or future performance (including, but not limited to,

potential joint venture or merger opportunities ) 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 t he

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 including, but not limited to, changes in personnel,

market conditions, results of exploration activities, environmental risks, future prices of go ld, operating risks, accidents, labor issues,

delays in obtaining governmental approvals and permits, availability of financing and other risks in the mining industry. The re are no

known resources or reserves in the Red Hill Property. In addition, the pres ence of gold resources on properties adjacent or near the Red

Hill Property (including, but not limited to, Barrick’s Goldrush property) is not necessarily indicative of the gold minerali zation on the

Red Hill Property. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in

our continuous disclosure filings 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 requir ed under

applicable securities legislation.