As a result of a board meeting held on Thursday, July 5, 2012, the following management team and officers have been appointed to Southern Legacy, effective immediately:

Cesar Lopez has been appointed interim President and Chief Executive Officer. Mr. Lopez has over 18 years of experience in the resource sector with a focus on exploration and development in South America. He has founded and served on the board of directors of several public and private junior mining companies, including AQM Copper, White Mountain Titanium, Centenario Copper, and Seafield Resources. He holds an LL.M. in International Law from Golden Gate University and a M.Sc. in Mineral Economics from the University of Chile.

Antonio Pichardo has been appointed Chief Financial Officer of the Company. Mr. Pichardo has over 14 years of experience in investment banking in New York, Sao Paulo, Madrid, and London. He formerly served as the Executive Director of the Metals and Mining division at WestLB Bank, where he was responsible for debt financing projects in the Andean region. Mr. Pichardo has underwrote, arranged, and executed debt financings totaling over $5 Billion.

Other management team members appointed to serve the Company include Roman Flores, Vice President of Exploration; Elina Chow, Vice President of Corporate Development; Bruno Behn, Country Manager for Chile; and Fernando Pickmann, Country Manager for Peru. More information on the Company’s officers and directors, as well as information about the Company and its projects, can be found at Southern Legacy’s website at www.slminerals.com.

Listing on Lima Stock Exchange

Southern Legacy has also determined that the Company will seek a listing on the Lima Stock Exchange. The purpose of this decision is to expand the Company’s market access into Peru, one of the major sources of capital funding for resource companies operating in that country, as well as provide more direct access to the Company for investors throughout Latin America.

Details on the Company are available at www.slminerals.com. The Company’s documents are available on SEDAR at www.sedar.com.

On behalf of Southern Legacy Minerals Inc.,

Cesar Lopez, Interim CEO

About Southern Legacy Minerals Inc.

Southern Legacy Minerals Inc. (“Southern Legacy”) (TSX VENTURE:LCY) is an exploration company with a diversified portfolio of gold and copper projects in South America. Southern Legacy’s current projects span along the Andes in Colombia, Peru and Chile. Led by a management team with over 20 years of mineral exploration and development experience in South America, the team boasts strong relationships with local government officials and stakeholders in the jurisdictions where their projects are situated. Southern Legacy is currently focused on expanding the resource at its flagship copper and gold project AntaKori (formerly known as Sinchao), located in northern Peru between Gold Fields’ Cerro Corona and Buenaventura’s Tantahuatay mines.

Forward Looking Statement:

Certain of the information contained in this news release constitutes ‘forward-looking statements’ within the meaning of securities laws. Such forward-looking statements, including but not limited to those with respect to the prices of metals and minerals, purchase payments, estimated future production and estimated costs of future production involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any forecast results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual prices of metals and minerals, the actual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the documents of the Company filed from time to time with the British Columbia Securities Commission.