Youngster Evan Ferguson scored late to earn a Brighton point after Leicester came from behind to take the lead at the King Power Stadium.
Kaoru Mitoma opened the scoring for Brighton after drifting in midfield and sweeping away a superb curling shot from outside the box for his fourth goal in six games.
Marc Albrighton, who had only been on the pitch for three minutes, passed Brighton keeper Robert Sanchez for the equalizer after Harvey Barnes and Youri Tielemans had their shots saved.
Barnes gave the home side the lead when he confidently finished off Luke Thomas’s header from a corner, and for 25 minutes in the second half Brendan Rodgers’ men looked set to claim their first win in five games.
But 18-year-old Ferguson saved a point for Europe-chasing Brighton with his third Premier League goal when he met Pervis Estupinan’s cross to head into the far corner.
The result puts Brighton sixth in the league while the Foxes are 14th but just a point above the relegation places.
Ferguson spoils foxes fun
The Seagulls had won five games in seven before that tie against struggling Leicester.
That record looked to be extended after Mitoma’s superb opener, the winger is already making a name for himself and looks set to help make up for Leandro Trossard’s departure to Arsenal.
However, goals from Albrighton and Barnes put the home side in charge and Leicester looked to be securing their first win after four straight defeats despite Brighton continuing to create openings. March tried to beat goalkeeper Danny Ward at the near post but was blocked, Ward later saving with his knee from Alexis Mac Allister’s close range shot.
But Ferguson, who replaced Danny Welbeck in the 66th minute, was keen on Estupinan’s sparkling cross to keep his side well in contention for a European spot, ambitious manager Roberto de Zerbi made clear last week after seeing his side beat Liverpool 3-0.
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