Waterton Files Early Warning Report Related To Shareholding In NuLegacy Gold Corporation

TORONTO, Aug. 21, 2014 /CNW/ - Waterton Precious Metals Fund II Cayman, LP ("Waterton") announced today that on August 20, 2014, it acquired 28,250,000 shares (the "Shares") in the capital of NuLegacy Gold Corporation (the "NuLegacy") pursuant to a non-brokered private placement announced by NuLegacy on August 18, 2014. The Shares were purchased at a value of $0.125 per Share, for an aggregate purchase price of $3,531,250.

Waterton now exercises control or direction over an aggregate amount of 28,250,000 shares, representing 19.99% of the issued and outstanding shares in the capital of the Company.

In connection with this news release, an early warning report will be filed by Waterton in accordance with applicable securities laws. A copy of the early warning report will be available for review on www.sedar.com.

About Waterton

Waterton is a leading mining-focused private equity fund dedicated to developing high quality precious and base metals projects located in stable jurisdictions. Waterton's cross-functional, fully-integrated, in-house team of professionals have significant mining, financial and legal expertise. Waterton's proactive approach to asset management, significant sector knowledge and ability to leverage extensive industry relationships has resulted in a strong track record of managing investments in the precious and base metals sectors.

SOURCE Waterton Precious Metals Fund II Cayman, LP

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Riyaz Lalani
Bayfield Strategy, Inc.
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rlalani@bayfieldstrategy.com
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