The AntaKori Project, containing copper (Cu), gold (Au), silver (Ag), molybdenum (Mo), lead (Pb) and zinc (Zn), is located between Gold Fields Limited’s Cerro Corona mine and Buenaventura’s Tantahuatay mine in Cajamarca, Peru. As at July 2, 2012, the project hosts 5.9 billion pounds of inferred copper equivalent resource at an average copper equivalent grade of 0.92%. Applying a cut-off grade of 0.20% Cu in-pit and 0.50% Cu underground, the resource is summarized in the table below:

Qualified Person

Scott E. Wilson, C.P.G., of Scott E. Wilson Consulting, Inc. in Englewood, Colorado prepared the AntaKori resource estimate.

Mr. Wilson is an independent qualified person as defined by National Instrument 43-101 and has prepared or reviewed the preparation of the information which forms the basis of this press release. He is a Certified Professional Geologist, a member of the American Institute of Professional Geologists (CPG #10965) and a Registered Member (#4025107) of the Society of Mining and Metallurgy and Exploration, Inc., a professional association and designation recognized by the Canadian regulatory authorities. Mr. Wilson verified the data, including the sampling, analytical and test data underlying the information, disclosed in this release. Verification included a review and validation of the applicable assay databases and reviews of assay certificates.

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.