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NUG: TSXV NULGF: OTCQX 1 NuLegacy Gold Corporate Presentation ~ The Iceberg Gold Deposit, Cortez Trend, Nevada ~ November, 2015
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Page 1: Nug presentation

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NuLegacy Gold – Corporate Presentation

~ The Iceberg Gold Deposit, Cortez Trend, Nevada ~

November, 2015

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Forward looking statements

Information set forth in this presentation may contain forward-looking statements. Forward-looking

statements are statements that relate to future, not past events. In this context, forward-looking

statements often address a company's expected future business and financial performance, and

often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend",

statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or

other similar expressions. By their nature, forward-looking statements involve known and unknown

risks, uncertainties and other factors which may cause our actual results, performance or

achievements, or other future events, to be materially different from any future results,

performance or achievements expressed or implied by such forward-looking statements. Such

factors include, among others, risks associated with project development; the need for additional

financing; operational risks associated with mining and mineral processing; fluctuations in gold

and other commodity prices; title matters; environmental liability claims and insurance; reliance on

key personnel; the absence of dividends; competition; dilution; the volatility of our common share

price and volume; and tax consequences to U.S. Shareholders. Forward-looking statements are

made based on management's beliefs, estimates and opinions on the date that statements are

made and the Company undertakes no obligation to update forward-looking statements if these

beliefs, estimates and opinions or other circumstances should change. Investors are cautioned

against attributing undue certainty to forward-looking statements.

Dr. Roger Steininger P. Geo, NuLegacy Gold’s Chief Operating Officer and a Qualified Person under

NI 43-101, has reviewed and approved dissemination of the content herein.

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Grams per tonne

Median Grade of World's 10 Largest Gold Mines

1.1g/t

NuLegacy’s objectives

i. Discover a Carlin-type

gold deposit.

ii. Secure ownership.

iii. Capitalize the value… In process

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Cortez

Trend

Iceberg gold

deposit

~ the sixth largest gold

producing ‘nation’ in the

world ~

Getchell

Trend Carlin

Trend

Discovery in Nevada

Iceberg gold deposit:

• Reconnaissance drilling has established

gold mineralization over a 3,000+ meter

strike length:

• Open in multiple directions

• Multiple gold bearing horizons.

• Delineation drilling has established a

near-surface oxidized gold deposit:

• Higher-grades in the North zone – e.g.

• 3.9 g/t over 41.2 meters (135 ft.)

• 3.4 g/t over 35.1 meters (115 ft.)

• Leaching recoveries of 74.5+%.1

Please see slide #27 for all endnotes.

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• One of the largest gold endowments in

the world.

• Great geology with favorably oxidized low

cost heap-leachable mineralization.

• Politically stable, geographically benign,

favourable regulatory regime, superior

logistics, etc.

• No malaria, black flies, moose,

polar bears, desert death adders

or crocodiles; just elephant sized

Carlin-type gold deposits.

‘…simply the best geology, geography

and geo-politics in the world…with

elephant sized high-grade Carlin-type

gold deposits…!’

Security in Nevada2

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ABX30%WI

NUG70%WI

Working interests

ABX NUG

NUG spent $5.0 million

as at Oct 1, 2015

70%NUG30%CI

Carried/working interest

ABX NUG

Ownership – decision time

ABX30%WI

NUG70%WI

Working interests

ABX NUG

ABX (Barrick Gold)NUG (NuLegacy Gold)

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• Barrick spends next $15 million

of exploration funding.

• NuLegacy fully funded to

production.

• NuLegacy’s 30% carried-to-

production interest is attractive

of to royalty companies.

ABX30%WI

NUG70%WI

Working interests

NUG30%CI

Carried/working interest

• NuLegacy controls exploration

programs.

• Barrick must fund 30% of costs or

be diluted.

• NuLegacy’s 70% working interest

is attractive to miners seeking

exposure to Nevada/the Cortez

gold trend as either a joint venture

or merger partner.

Barrick earns-back Barrick remains minority partner

Capitalizing the value

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Current capitalization

Shares outstanding 159.8 million

Warrants 22.9 million

Options outstanding 19.6 million

Fully diluted 202.3 million

52 week range $0.06 to 0.17/sh.

Market capitalization ~ $ 20.0 million

Cash and marketable securities ~ $ 1.7 million

Proceeds on exercise of options & wts. ~ $ 7.4 million

1. Twenty-nine individuals purchased between 1 million and 10 million shares from treasury.

2. Three institutions/industry partners purchased ~ 53 million shares from treasury.

Institutions2

35 %

Public 20%

Principals1

45 %

Distribution

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Cortez Hills ~15+ M oz @ 4.1 g/t

Barrick drilling the Goldrush ~15.5+ M oz @ 4.2 g/t4

N

NuLegacy’s Iceberg gold deposit discovered 20123

Pipeline ~21+ M oz @ 2.2 g/t NuLegacy’s COO, Dr. Roger

Steininger discovered the:

• Pipeline in 1989.

• Iceberg in 2012.

The Iceberg - on strike with Barrick Gold’s largest, highest

grade, lowest cost and politically safest gold deposits

~The fourth Carlin-type gold deposit in the Cortez3 ~

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VIO

0 km 4 km

Jasperiod

Basin

Avocado

Anomaly

100% working

interest in 15 sq.

mile (3,900

hectares) IRC.

Iceberg deposit geology similar to the Pipeline

Additional opportunities:

• The Avocado – deep

penetration IP anomaly

confirmed by a hole returning

anomalous gold with classic

Carlin-type features.

• VIO – gold in soils anomaly

confirmed by one hole.

• Jasperoid basin – anomalous

gold in soil sampling.

• IRC claim block – gravity lows

and gold in soil samples.

~ Four gold bearing Carlin-type systems on NuLegacy's

38 square mile property ~

70% working interest

in 23 sq. miles (5,950

hectares).

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Trend/Deposit Gold endowment to date5

Carlin ~ 150 million ounces

Getchell ~ 50 million ounces

Cortez Discovered ~ 50 million ounces• Pipeline 1989 ~ 21 million ounces

• Cortez Hills 2003 ~ 15 million ounces

• Goldrush 2007 ~ 15 million ounces

• Iceberg 2012 ~ Exploration target of 90-110 million tonnes

of 0.9 to 1.1+ g/t of gold*.6

* These figures are conceptual in nature,

there has been insufficient exploration to

define a mineral resource and it is uncertain

if further exploration will result in a resource

being delineated.

Nevada’s elephants

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Take ~100 million

tonnes of 0.5 to 1+ g/t oxide gold

deposit

Add ~ 10 to 20 million tonnes of

higher grade ‘feeder zones’ (5 to 15+ g/t gold)

Classic Carlin-Type

Gold Deposit Model~ Signature characteristics ~

A classic high grade Carlin-

type gold deposit

grading 2 to 4+ g/t gold.

The making of a Nevada elephant

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The making of the Iceberg gold deposit

Selected multi-meter multi-gram intercepts in the North Zone7

Hole Iceberg From To Length Grade Horizon

number zone (m) (m) (m) (ft.) (g/t)

RHB-17 North 71.6 112.8 41.2 135 1.02 Dhc Contact

including “ 88.4 99.1 10.7 35 3.46 “

RHB-35 North 77.7 109.7 32.0 105 1.23 Dhc Contact

including “ 86.9 97.6 10.7 35 3.23 “

RHB-40 North 97.6 138.8 41.2 135 3.91 Middle Wenban

including “ 121.8 126.4 4.6 15 25.21 “

RHB-49 North 38.1 109.7 71.6 235 0.78 Dhc Contact

including “ 45.8 54.9 9.1 30 2.19 “

RHB-58 North 131.1 166.2 35.1 115 3.41 Middle Wenban

including “ 141.7 149.4 7.6 25 7.30 “

RHB-64 North 68.6 120.4 51.8 170 1.26 Dhc Contact

including “ 80.8 91.5 10.7 35 4.46 “

RHB-68 North 128.1 161.6 33.5 110 2.46 Upper Wenban

including “ 137.2 150.9 13.7 45 5.11 “

Dhc – Devonian Horse Canyon contact - at the contact of the Horse Canyon and Devonian Upper-Wenban horizons.

These intercepts are not necessarily true widths as there are insufficient data at this time with respect to the shape of

mineralization to calculate its true orientation.

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The making of the Iceberg gold deposit

Selected multi-meter multi-gram intercepts in the Central Zone7

Hole Iceberg From To Length Grade Horizon

number zone (m) (m) (m) (ft.) (g/t)

RHB-06 Central 120.4 147.8 27.4 90 1.40 Dhc contact

including “ 128.0 138.7 10.7 35 2.60 “

RHB-08 Central 120.5 167.6 47.1 155 0.73 Dhc contact

including 131.1 160..0 26.9 96 1.01 “

RHB-30 Central 127.3 139.4 12.1 40 3.16 Dhc contact

RHB-34 Central 30.5 48.8 18.3 60 1.60 Volcanoclastics

including “ 44.2 48.8 4.6 15 5.47 “

RHB-43 Central 97.6 149.4 51.8 170 0.52 Volcanoclastics

RHB-46 Central 96.0 123.4 27.4 90 0.73 Dhc contact

RHB-60 Central 120.4 155.5 35.1 115 1.04 Dhc contact

including “ 141.8 149.4 7.6 25 3.64 “

JD-32 Central 35.1 91.4 56.3 185 1.02 Dhc contact

including “ 67.1 77.7 10.7 35 4.08 “

JD-74 Central 112.8 134.1 21.3 70 2.26 Dhc contact

JD-75 Central 97.5 120.4 22.9 75 2.40 Dhc contact

Dhc – Devonian Horse Canyon contact - at the contact of the Horse Canyon and Devonian Upper-Wenban horizons.

These intercepts are not necessarily true widths as there are insufficient data at this time with respect to the shape of

mineralization to calculate its true orientation.

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The Iceberg:

• Gold bearing volcaniclastics.

• Oxide gold at 200 to 450 ft.

• Higher grade oxide gold at 500

to 750 ft.*

• 25.2 g/t gold over 15 ft., within 135

ft. of 3.9 g/t.

The Goldrush:

• Barren gravels and volcanics.

• Oxide gold at 700 to 1000 ft.

• High grade sulphide gold at

1,000 to 2,200 ft.

~ It is significantly cheaper to extract gold from near-surface

oxidized material than from deeper sulphide/refractory material. ~

The Iceberg’s advantage - stratigraphy

*Weban-6 & 7 were not deposited at the Iceberg,

thus Wenban-5 is much closer to surface.

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Long-section #1

~ North Zone ~

*Historic holes are not confirmed and should not be relied upon; they are presented to provide

an indication of the possible mineralization in the Iceberg and a guide to future exploration.

• NuLegacy holes

• Historical holes Long-section #2

Cross-section #1

Cross-section #2

The Iceberg gold deposit – representative holes

~ Central Zone ~

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Cross-section #1 - North zone

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Cross-section #2 - North zone

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Long-section #1 - Central zone – north end

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Long-section #2 - Central zone – south end

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• Roger Steininger, PhD, Dir, COO

- the 21+ million ozs Pipeline mine.

• Alexander Davidson, Econ Geo, Dir,

- the 8.5+ million ozs Lagunas Norte mine.

• David W. Mallo, BSc, Explo Mgr.

- the 4.3 million ozs Eskay Creek mine.

• Garrett Frey, BSc, Project Geologist.

• Curt Huebert, BSc, Eng, Geo-Technician.

• Bryan Kellie, BSc, Field Geologist.

‘... three of NuLegacy's geological team were

instrumental in the discovery of three of Barrick’s best

performing gold mines…’

Discovery team

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• Albert Matter, Dir, Chairman - co-founder of

Alamos Gold Inc. and NuLegacy Gold.

• James Anderson, Dir, CEO - co-founder of

Alamos Gold Inc. and NuLegacy Gold.

Independent Directors:

• Alex Davidson Dir., Yamana Gold Inc.

• Petra Decher VP, Finance, Franco-Nevada

• Richard Wells CFO, Waterton Global Resource

Industry Advisors:

• Donald Ranta CEO, Rare Element Resources

• Glen Darou Former CFO, Shell Canada

• John Budreski Pres. & CEO, Morien Resources

• Stuart Angus Chair, Nevsun Resources

‘…long standing relationships are a competitive advantage…”

‘... a track record of successfully securing and advancing

high-quality assets…’

Corporate team

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2015-2016 Corporate Objectives

Enroll institutional/industry partner for additional

independence financing and

competitive tension.

Enroll sponsoring broker/execute

public recognition programs

Capitalize the value of the Iceberg gold

deposit by selling/merging with a royalty company or gold producer.

`Rinse and repeat`

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“…the leverage is in advanced exploration companies…”

Nev

ada

• Very large gold endowment.

• Favourable low cost heap-leachable mineralization.

• Politically stable.

• Benign geography.

• Superior logistics.

Dis

covery

• Near-surface oxide gold deposit.

• Three gold bearing horizons.

• 3,000+ meter strike length open in multiple directions.

• Favourable leaching.

• Higher-grade gold in the North zone - 0.8 ounces/t.8 O

bje

ctives

• Discover large Carlin-type gold deposit.

• Secure ownership.

• Capitalize the value

• “Rinse and repeat”.

Why invest in NuLegacy Gold?

In process

Next up

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“The leverage is in the exploration companies…”

200 days from July, 2010 to April 2011

+26.1%

-30.1%

-9.8%

-38.8%Gold

Senior

Producers

Junior

Explorers

200 days from Jan, 2014 to Nov, 2014

Gold

Junior

ExplorersSenior

Producers

+70.7%

+24.1%

Why exploration companies?

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Communications co-ordinates

Albert Matter, Chairman [email protected]

James Anderson, CEO [email protected]

Roger Steininger, COO [email protected]

David Mallo, Exploration Mgr. [email protected]

Other Contact Info:

Michael Waldkirch, CFO [email protected]

Admin. Susan Tessman [email protected]

Investor Relations: [email protected]

Operations Office:

5450 Riggins Court

Suite 1B

Reno, Nevada

89502

Phone: 604-638-4959

Fax: 604-909-1710

www.nulegacygold.com

Finance & Admin Office:

355 Burrard St.

Suite 1000

Vancouver, BC.

V6C-2G8

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1. Preliminary one hour "tumble leach in cyanide" tests conducted by American Assay Labs using previously assayed 30 gram sample

pulps from recent core drilling demonstrated high average recoveries of 74.5% (within a range of 64.4% to 89.2%) from oxidized Horse

Canyon-Wenban contact horizon material wherein most of the Iceberg deposit's gold is contained.

2. Nevada Bureau of Mines & Geology, June 2010.

3. The presence of gold resources on properties adjacent to or in close proximity with the Company's Iceberg deposit is not necessarily

indicative of the gold mineralization on the Iceberg deposit. To date, there are no known NI 43-101 compliant mineral resources or

reserves on the Iceberg deposit.

4. As reported by Barrick Gold Corporation as of December 31, 2013, the Goldrush deposit contained a resource of 423,000 ounces of

gold (3.1 million tons grading 0.137 oz/ton - measured), 9,537,000 ounces (72.5 million tons grading 0.132 oz/ton - indicated) and

5,555,000 ounces (39.5 million tons grading 0.141 oz/ton - inferred).

5. This information has been derived from publicly available sources which are believed to be accurate. However, NuLegacy has not

undertaken any independent investigations to verify or establish this information and readers are cautioned not to place undue reliance

thereon.

6. These figures are conceptual in nature and derived from a compilation of 149 historic and 34 NuLegacy drill holes in and around the

Iceberg deposit. To date, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will

result in the target being delineated as a mineral resource. No preliminary economic assessment or other study has been completed and

geologically it is too speculative to apply economic considerations to the Iceberg deposit at this time.

7. These intercepts may not be true widths as there is insufficient data to calculate them at this time. Data verification of the analytical

results included a statistical analysis of the duplicates, standards and blanks to ensure accurate and verifiable results. *Historical assays

have not been confirmed and should not be relied upon. They are presented to provide an indication of the possible extent of the gold

mineralization in the Iceberg deposit and as a guide to future exploration.

8. Hole RHB-40 in the North Zone of the Iceberg deposit returned an assay result of 25.21 grams (0.8 ounces) per ton over 15 feet, within

135 feet of 3.91 grams per ton. See slide 13 above.

Endnotes

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Appendix/notes

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Classic long- term (secular) bull markets have:

Created by Matter & Associates

1

2

3

The ‘endgame’ or `new‘ normal.

1-3. Three cyclical bull/bear markets.

4. Significant ‘double’ top high

on the third bull, followed by,

5. A severe ‘mid-life’ bear market

correction, and then,

5. The ‘endgame’ or ‘new normal.’

Double top

Mid-life crisis

4

6

‘The first and fifth phases are

the best for the stocks…

particularly the ‘endgame’ bull

for juniors...’

5

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~ …gold is more reviled than its ever been, while in a renewed uptrend ~

“…while the central bankers of the

world are racing to debase their

currencies …gold has been the

best performing currency against

the US$...!”

“…after four years of a declining

gold price…evidence points to a

recovery…”

Why gold?

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~ Expanding profit margins ~

“…industry focus on reducing

costs significantly…together with

improving gold prices…is

expanding profit margins

significantly”

“…creating a unique investment

opportunity…”

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

2013 2014 2015 2016

Gold Industry Profit Margins Expanding

Gold Price Production costs

US GDX – The Miners

Why gold stocks

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~ The leverage in a bull market ~

Secure land positions,

initiate exploration.Report discovery.

Market Values: $0 - $5 million $5 - $50 million

Confirm ‘significant’

discovery.

$50 million

“Example” Ltd.

Buy-out.

to $250+ million

Exploration stocks on discovery success

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NuLegacy Gold – Corporate Presentation

~ The Iceberg Gold Deposit, Cortez Trend, Nevada ~

November, 2015


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