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 RELEASE LEGEND INTERNATIONAL HOLDINGS ANNOUNCES PLANS TO BEGIN PHOSPHATE ROCK PRODUCTION AND SALES OPERATIONS

Melbourne Australia - Tuesday, November 8, 2011 - Legend International Holdings, Inc (OTCBB: LGDI) is pleased to announce that it plans to begin phosphate rock production and sales operations from its Paradise rock deposits for domestic value added sales and exports.
Legend is confident that given the current phosphate rock market the beginning of production and sales operations is now warranted. This will occur in parallel with continuing Legend's current DAP/MAP development strategy with prospective joint venture partners.
Legend and IFFCO have executed a Shareholders' Option Agreement whereby Legend and IFFCO have agreed on Rock Off-take. Legend is now finalising its strategy for production and sale of rock phosphate in consultation with IFFCO.
The strategy includes: