December 9, 2011 Reno, NV - NuLegacy Gold Corporation (NUG:V) announces that at its annual general meeting held today Albert J. Matter, Roger C. Steininger, Dmitri W. Tymkiw and David I. Awram were re-elected as directors of the Company for the ensuing year. The shareholders also elected Mr. Arv Gupta as an additional independent and fifth director of NuLegacy Gold.
In conjunction with his appointment, Mr. Gupta has been granted a stock option to purchase up to 300,000 common shares at a price of $0.20 per share for a period of five years.
Mr. Gupta is an experienced senior retail executive with a track record of accelerating or transforming cash earnings performance by building strategic value propositions, innovative growth initiatives, productivity and process improvements and developing key business alliances. He has a broad range of experience, including operating business units within multiple consumer industry sectors and leading teams of more than 5,000 people. He is currently a vice president at The Brick Ltd. in Edmonton, Alberta, and has previously held senior positions with Imperial Oil Ltd., Canadian Tire Corporation and Sears Canada.
A graduate of the University of Waterloo (Bachelors of Mathematics) and Wilfred Laurier University (Masters of Business Administration), Arv currently resides in Richmond Hill, Ontario.
NuLegacy Gold Corporation is a Nevada focused exploration company exploring for Carlin-type replacement gold deposits on its two highly prospective district scale properties; the 100 square km Red Hill Project and the 80 square km Wood Hills South Project. Both projects have geology similar to that of the adjacent multi-million ounce gold discoveries that were made subsequent to our acquisition of the properties. The NuLegacy exploration and drilling programs underway employ proprietary techniques for targeting multi-million ounce deposits.
ON BEHALF OF THE BOARD OF DIRECTORS OF NULEGACY GOLD CORPORATION
Albert J. Matter, Chief Executive Officer
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