NuLegacy Gold Corporation reviewed its summer 2017 program. Serena zone: This new zone was discovered by the very first hole drilled into it; Hole SR17-1 which returned 50.3 meters of 1.00 g/t gold within 85.4 meters of 0.64 g/t of gold and has been confirmed by three step-out holes. Five holes are planned for drilling in the Serena zone in this fall's program. The Serena discovery provides a significant expansion of the gold footprint of the `central mineralized zone' of the Red Hill property, and substantiates that drilling near the intersections of north-northwest trending structures and east-west trending structures adds new gold mineralization. This new zone could connect with the North Iceberg deposit as a subsequent hole, IN17-5, a 100-meter step-out from the North Iceberg zone towards the Serena zone, returned an even better interval of 2.85 g/t gold over 21.3 meters including 4.6 meters of 9.76 g/t gold. VIO: Drilling at VIO discovered an entirely new low-sulfidation epithermal-style gold system commonly associated with the Northern Nevada Rift. This is an exciting development as there are several very high-grade producing and past-producing epithermal gold mines located nearby (Fire Creek [Klondex Mines Ltd] and Mule Canyon [Newmont]). The geochemistry of the gold mineralization in the discovery hole VIO17-1 (9.1 meters of 1.80 g/t gold and 17.6 g/t silver) indicates encountered the edge of this low-sulfidation epithermal gold system. Avocado: All three holes drilled this summer into the West Avocado zone contained anomalous gold with thick and robust alteration and geochemistry confirming a very extensive albeit complex Carlin-type gold system. The analysis of the results to date suggest the next significant structure to be tested in the Avocado area should be the 500-meter gap between the West and East Avocado drilling. That structure appears to be parallel to or possibly an off-set of the Iceberg fault. Two deep holes will be drilled into this half kilometer gap in this fall's drill program. The Avocado contains numerous additional untested exploration targets including multiple soil geochemistry anomalies; as well there is a two-kilometer untested gap between it and the North zone of the Iceberg deposit. These will be further analysed over the winter in preparation for testing next spring. Western Slope: The Western Slope has the potential for adding several or one large continuous deposit with gold grades similar to or possibly higher than the parallel Iceberg deposits. The Western Slope is a series of both east and west dipping north-northwest striking normal faults that are completely hidden by post mineralization cover. It lies parallel to and is 1,000- meters west of the Iceberg deposit. The `Slope' has numerous features seen in the CSAMT data along a strike length of over 5 km that suggest the likelihood that more of the favourable Carlin- style host `rock package' is intact, versus being partly eroded away at Iceberg. Deep Iceberg: It's evident that the two holes drilled to test the Deep Iceberg IP anomaly (which lies between and beneath the North and Central Iceberg zones) both intercepted the edge of a mineralized system. Both holes contained similar carbonaceous pyritic alteration in silty limestones that are present in the Avocado drill holes three kilometers to the north. The holes have abundant intrusions, calcite veining and elevated levels of arsenic and antimony which is expected at the margins of Carlin-type gold mineralization. Jasperoid Basin: Drilling at Jasperoid Basin encountered strongly developed alteration and geochemistry at depth beneath barren limestones. This surprising discovery coupled with the well-developed jasperoid outcrops indicates a strong Carlin-style hydrothermal system was active in Jasperoid Basin. Additional work is needed to vector in on the best locations that may have trapped the gold mineralization.

The company provided guidance for its fall 2017 exploration program. Guidance on fall program: Drilling has commenced on a fourteen-hole 16,000 feet reverse circulation and core drilling program following up on the recent successes of thirty-hole (27,000 ft.) summer program. The company anticipates reporting additional value adding results from the fall drill program that is underway at Serena, Iceberg, Avocado, and VIO.