Legend Gold Corp.: Company Receives Requisite Shareholder Consent to Creation of New Control Person

TORONTO, ONTARIO--(Marketwired - July 11, 2013) -

NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Legend Gold Corp. (the "Company" or "Legend Gold") (TSX VENTURE:LGN) is pleased to announce that it has received the written consent from greater than 50% of the Company's shareholders in support of the resolution notifying shareholders that certain affiliates of Sprott Inc. ("Sprott") will become a control person, as defined in Policy 4.1 - Private Placements of the TSX Venture Exchange Corporate Finance Manual, upon the completion of a proposed investment in a non-brokered private placement by Sprott, as announced on June 27, 2013.

Douglas Perkins, President and Chief Executive Officer of Legend Gold, commented, "We are pleased that Legend Gold's shareholders have responded quickly in support of the resolution. This consent is a strong indication of support from Legend Gold's shareholders for the direction of management in these difficult times."

About Legend Gold

Legend Gold is a mineral exploration and development company focused on exploring for gold in the Republic Of Mali, West Africa. Our five main projects are the Lakanfla, Mougnina, Tiekoumala, Kata, and Mogoyafara projects. In recent years, we have made significant gold discoveries on the Tiekoumala project located in Southern Mali, and the Lakanfla project located in Western Mali. Please visit our website www.legendgold.com to view project details.

This press release has been prepared by Legend Gold Corp. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements that are based Legend Gold Corp.'s expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.