LEAGOLD REPORTS Q1 2018 EARNINGS AND AISC MARGIN OF $14.5 MILLION

2018-05-02-nr-lmc

Vancouver, May 2, 2018 – Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) (“Leagold” or the “Company”) reports Q1 2018 gold production of 51,003 ounces (oz) at its Los Filos mine at AISC of $1,039/oz and resulting in an AISC margin1 of $14.5 million. Los Filos is on track to deliver the 2018 production guidance range of 215,000 to 240,000 oz at an AISC of $875/oz to $925/oz, as the annual mine plan sequence schedules lower production and higher AISC/oz costs in H1 2018 and higher gold production with lower AISC/oz costs in H2 2018 (see Figure 1). The Q1 2018 AISC of $1,039/oz was under budget for the period. In H2 2018, the mine plan includes higher grades and lower strip ratio, and operations are also expected to benefit from improved leach pad management which includes the agglomerator and overland conveyor extension.

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