Southern Legacy Reports on the Annual and Special Meeting of Shareholders Held December 7, 2012, Appointment of Corporate Secretary and Grant of Options TORONTO, ONTARIO -- (Marketwire) -- 12/11/12 -- Southern Legacy Minerals Inc. ("Southern Legacy" or the "Company") (TSX VENTURE:LCY) is pleased to announce that all proposed resolutions, including all director nominees, were approved by 99.9% of the vote cast at the Company's Annual General and Special Meeting of Shareholders (the "Meeting") held on December 7th. The Rights Plan, recently approved by the Company's Board of Directors and the TSX Venture Exchange, was presented for ratification at the Meeting and approved. The Rights Plan will be in effect until the close of the Company's 2015 annual general meeting. Board Members Elected Messrs Fernando Pickmann, Andres Milla, Anthony Hawkshaw, John E. Larson, Paulo Bilezikjian and Darryl Jones were elected to the Board of Directors of the Company. Southern Legacy's President and CEO, Fernando Pickmann said: "I would like to thank the shareholders for participating at the Meeting. Shareholders can expect commitment, focus and dedication from management to successfully advance our AntaKori project". Appointment of Corporate Secretary and Grant of Options In addition, the Company is pleased to announce the appointment of Jo-Anne Archibald of DSA Corporate Services Inc., as Corporate Secretary. The Company has granted 25,000 stock options to Ms. Archibald, vesting immediately at an exercise price of $0.45 expiring on November 26, 2016. About Southern Legacy Minerals Inc. Southern Legacy Minerals Inc. ("Southern Legacy") (TSX VENTURE:LCY) is an 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 project currently has a NI 43-101 compliant inferred resource estimate of 294 Mt with average copper and gold grades of 0.48% and 0.36 g/t, respectively, containing 3.1 Blbs of copper and 3.4 Mozs of gold, at an average copper equivalent grade of 0.92%. 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. 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. Contacts: Southern Legacy Minerals Inc. Fernando Pickmann CEO +011.511.208.4200 firstname.lastname@example.org
Southern Legacy Reports on the Annual and Special Meeting of
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