February 12, 2013

NEWS RELEASE

LEGACY OIL + GAS INC. ANNOUNCES 2012 YEAR-END RESERVES, STRONG FINDING, DEVELOPMENT AND ACQUISITION COSTS AND PROVIDES OPERATIONAL UPDATE

CALGARY, ALBERTA (February 12, 2013) Legacy Oil + Gas Inc. ("Legacy" or the "Company") (TSX: LEG) is pleased to announce its 2012 year-end reserves and provide an operational update.
The financial and operational information contained below is based on the Company's unaudited expected results for the year ended December 31, 2012.

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