Southern Legacy Minerals Inc.: Granting of Stock Options

TORONTO, ONTARIO -- (Marketwire) -- 03/08/13 -- Southern Legacy Minerals Inc. ("Southern Legacy" or the "Company") (TSX VENTURE: LCY) is pleased to announce that on March 1st, 2013, subject to regulatory approval, granted an aggregate of 1,350,000 incentive stock options in accordance with the Company's stock option plan, to directors, officers and consultants to the Company. The stock options are priced at $0.45 and will expire February 27, 2017.

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
fpickmann@gbplegal.com
www.slminerals.com