

RENO, Nevada, Dec. 17, 2024 (GLOBE NEWSWIRE) -- NuLegacy Gold Corporation (the “Company”) reports the resignation of its CFO and Corporate Secretary, Mr. Xavier Wenzel, effective December 17th, 2024.

RENO, Nev., Nov. 08, 2024 (GLOBE NEWSWIRE) -- NuLegacy Gold Corporation (the “Company”) reports that the failure to discover economic quantities of ‘ore' grade gold on its Red Hill property in Nevada has challenged the Company's ability to continue to finance operations, and as a consequence, the Company is considering suspending operations with a possible reorganization including an assignment and debt settlement of existing payables.

NuLegacy Gold Corp (TSX-V:NUG) has announced plans to rebrand as Preservation Gold Corporation. The name change, which is pending shareholder approval, is part of broader efforts aimed at revitalizing the company's future, with major decisions scheduled for the upcoming October 7th Annual General Meeting (AGM).

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NuLegacy Gold Corp (TSX-V:NUG) announced it has completed the issuance of 42 million units to Metalla Royalty & Streaming in exchange for the elimination of annual exploration expenditure obligations on its Red Hill property. The deal relieves NuLegacy of the requirement to spend US$150,000 annually on exploration for 2024 and 2025.

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NuLegacy Gold Corp (TSX-V:NUG) announced the closing of a C$452,000 tranche as part of its previously announced C$1 million private placement. The initial tranche represents 45.2 million units, with Crescat Capital and various company directors and advisors contributing $400,000 of the total.

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