LCY

Southern Legacy Minerals Inc. ("Southern Legacy" or the "Company") (TSX
VENTURE:LCY)(BVL:LCY) is pleased to report that the Government of Peru has
approved the establishment of a Roundtable for development projects in the
Hualgayoc District. In addition, the Government of Peru has also assumed the
environmental liabilities and the associated costs of remediating all historical
mine workings located in the Chugur District of the Cajarmarca Region of Peru. 


Development Roundtable in the Hualgayoc District 

On August 7th, the Presidency of the Councils of Ministers ("PCM") approved the
conformation of an official Roundtable for development projects related to
transportation, communications, education, health and other productive
investments in the Hualgayoc District of the Cajarmarca Region. 


The objective of the Roundtable is to sponsor projects that promote the economic
development of the Hualgayoc District in a manner that addresses the needs of
the inhabitants of the District and improves upon their living standards. The
goal of the Roundtable will be achieved through soliciting opinions, cooperation
and technical advice from private or public institutions and the members of the
community. Funds for the resulting development projects will be provided by the
Government of Peru. The total funds to be allocated will be determined by the
PCM in the coming weeks. 


Southern Legacy and other mining companies operating in the Hualgayoc District
(including Tantahuatay - a joint venture of Compania Minera Buenaventura and
Southern Copper Corporation- and Gold Fields' Cerro Corona mine) will join
representatives from regional and local government, community and institutions
on the Roundtable.


"Southern Legacy is extremely honored to participate in this Roundtable.
Initiatives led by this group will not only further enhance our relationship
with members of the government and local communities, it will also foster a
better work environment for mining companies that are operating there,"
commented Fernando Pickmann, CEO of Southern Legacy Minerals.


Environmental Remediation in the Chugur District

The Ministry of Mines has confirmed through a recently passed ministerial
resolution that the Government of Peru will assume the costs of remediating the
environmental liabilities found in a number of areas where historical artisanal
and informal mining took place. The affected areas include the Chugur District
of the Cajarmarca Region of Peru where Southern Legacy's AntaKori Project is
located. 


The Government of Peru has commissioned Activos Mineros S.A.C., a state-owned
environmental remediation agency, to carry out the remediation work. This work
is expected to commence in 2013 and will be paid for by the Government of Peru.
As outlined in the ministerial resolution, the Government of Peru will address
the environmental liabilities found at 18 historical mine working sites. This
environmental remediation work will mainly involve the closure of artisanal,
small-scale open pits, exploitation adits and tailing impoundment. 


The assumption by the Government of Peru of the environmental liabilities and
the costs of remediation recognizes that these liabilities pre-existed Southern
Legacy's tenure to its mining claims, exonerates Southern Legacy from the
associated remediation responsibilities and costs and helps foster a better
environment with local inhabitants who will benefit from improved environmental
conditions which have been a concern to them.


About Southern Legacy Minerals Inc.

Southern Legacy is a mineral exploration company with a portfolio of copper and
gold projects in South America. Southern Legacy is currently focused on
advancing its flagship copper and gold AntaKori Project (formerly known as
Sinchao), located in northern Peru between Gold Fields' Cerro Corona and
Buenaventura-Southern Copper's Tantahuatay mines. The AntoKori Project currently
has an inferred resource estimate of 3.1 billion pounds of copper and 3.4
million ounces of gold based on average copper and gold grades of 0.48% and 0.36
g/t respectively within a mineralized zone of 294 million tonnes. Southern
Legacy has the option to acquire an 83.16% interest in the company which owns
100% of the three mineral concessions that comprise the AntaKori Project. For
additional information regarding the AntaKori Project, please refer to the
report entitled "Technical Report - Southern Legacy Minerals Inc., AntaKori
Project, Peru" dated July 2, 2012 prepared by Scott E. Wilson Consulting, Inc.,
a copy of which is available on the Company's SEDAR profile at www.sedar.com.


Mr. Allen David V. Heyl is Southern Legacy's Qualified Person (as defined by NI
43-101). Mr. Heyl has read and verified the scientific and technical information
in this news release.


Note Regarding Forward-Looking Statement:

Certain statements contained herein constitute forward-looking statements,
including statements with respect to the estimation of mineral resources.
Southern Legacy believes the expectations reflected in those forward-looking
statements are reasonable but no assurance can be given that these expectations
will prove to be correct and such forward-looking statements included herein
should not be unduly relied upon. Since forward-looking statements and
information address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Actual results could differ materially
from those currently anticipated due to a number of factors and risks. Factors
which could materially affect such forward-looking information are described in
the risk factors in the Company's most recent annual management's discussion and
analysis that is available on the Company's profile on SEDAR at www.sedar.com.
The forward-looking statements included in this news release are expressly
qualified by this cautionary statement. The forward-looking statements and
information contained in this news release are made as of the date hereof and
the Company undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Southern Legacy Minerals Inc.
Fernando Pickmann
President and CEO
+011.511.748.0100
info@slminerals.com
www.slminerals.com

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