LCY

Southern Legacy Minerals Inc. ("Southern Legacy" or the "Company") (TSX
VENTURE:LCY)(BVL:LCY) announces that is has closed the first tranche of its
non-brokered private placement offering of common shares of the Company ("Common
Shares") previously announced on August 23, 2013 (the "Offering"). The Company
issued 1,810,416 Common Shares at a price of $0.25 per Common Share for
aggregate gross proceeds of $452,604. The Company intends to use the net
proceeds from the Offering for option payments, expenses related to drilling
permit applications and access rights and for general working capital purposes.


The Company expects that it will complete the second tranche of the Offering
within the next two weeks.


In connection with this tranche of the Offering, the Company paid finder's fees
of $2,625. Insiders of the Company subscribed for an aggregate of 20,833 Common
Shares under the Offering pursuant to exemptions that are available from TSX
Venture Exchange Policy 5.9 for the issuance of securities to such insiders.


All securities issued are subject to a four month hold period expiring January
31, 2014 in accordance with applicable securities laws. Completion of the
Offering is subject to final TSX Venture Exchange approval. As a result of the
closing of this first tranche of the Offering, the Company has 59,430,891 Common
Shares issued and outstanding. 


Fernando Pickmann, President and CEO 

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.


Forward Looking Statement:

This news release contains forward-looking statements and forward-looking
information within the meaning of applicable securities laws. The use of any of
the words "expect", "anticipate", "continue", "estimate", "objective",
"ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and
similar expressions are intended to identify forward-looking information or
statements. In particular, this news release contains forward-looking
information relating to the Offering and the use of the proceeds therefrom. The
forward-looking statements and information are based on certain key expectations
and assumptions made by the Company, including expectations and assumptions
concerning the completion of the Offering, the use of net proceeds of the
Offering and the timing associated with the closing of the second tranche of the
Offering. Although the Company believes that the expectations and assumptions on
which such forward-looking statements and information are based are reasonable,
undue reliance should not be placed on the forward looking statements and
information because the Company can give no assurance that they will prove to be
correct.


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. Such factors may include failure to satisfy certain
conditions in connection with the issuance of the Common Shares. Other 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.
Readers are cautioned that the foregoing list of factors is not exhaustive. 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
+011.511.208.4200
info@slminerals.com
www.slminerals.com

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