Legend International Holdings, Inc.

ABN 82 120 855 352

Level 8, 580 St Kilda Road

Melbourne Victoria 3004

Australia

PO Box 6315, St Kilda Road Central

Melbourne Victoria 8008

Australia

T +61 3 8532 2866

F +61 3 8532 2805 info@lgdi.net www.lgdi.net

PRESS RELEASEGEORGINA BASIN PHOSPHATE PROJECT UPDATE

Melbourne Australia – Friday, August 12, 2011 – Legend International Holdings, Inc (OTCBB: LGDI) is pleased to announce this update on its Georgina Basin Phosphate Project currently being developed near Mt. Isa, Queensland, Australia.

The Company has previously announced on April 8, 2011 that positive discussions are still progressing with interested industry corporations for a potential strategic transaction relating to the development and financing of the phosphate assets. These discussions have advanced considerably in the last few months. The Company is dealing with multi