Legend International Holdings Inc Announces Positive and Robust Wengfu Feasibility Study Complete

Legend International Holdings, Inc (OTCBB:LGDI) is pleased to
announce that at the end of the June quarter 2010 the Wengfu Feasibility
Study for the Legend Phosphate Project in Queensland, Australia was
completed.

The successful study, which was finished on time and on budget, has
concluded that the project is positive and robust against a number of
fertilizer market scenarios. Legend is currently reviewing the study and
will summarise the project economics, forward strategy and timeline in a
following detailed press release due on July 23, 2010. This will be
followed by a public meeting and teleconference to be held in New York
on July 26, 2010 to allow shareholders and investors to hear the results
and talk directly with Wengfu and Legend′s management teams. Further
details on the location of the public meeting and how to access the
teleconference will be announced in the week prior to the meeting.

The recent study has outlined the economic feasibility of the
development of a 600ktpa sulfuric acid plant, 300ktpa P2O5 phosphoric
acid plant, 600ktpa DAP/MAP plant, 15ktpa aluminum fluoride plant as
well as corresponding utilities and auxiliary facilities. The phosphoric
acid plant is to be initially fed by crushed and screened high grade
phosphate rock ore from Paradise North, followed by feed from a
beneficiation plant located at Paradise South.

A second study is also underway on the feasibility of expanding
production to 900ktpa P2O5, 1.8mtpa DAP/MAP plant and a large scale
beneficiation plant. This study is due for completion at the end of
quarter 3, 2010.

The completion of the first Wengfu Feasibility Study is a major
milestone for the Legend Phosphate Project. Legend and Wengfu′s
management team is looking forward to summarising the outcomes of the
study in a detailed press release, followed by a public meeting and
teleconference on July 26, 2010.

Forward-Looking Statements

Forward-looking statements in this press release are made pursuant to
the 'safe harbour? provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such forward-looking
statements involve risks and uncertainties including, without
limitation, the risks of exploration and development stage projects,
risks associated with environmental and other regulatory matters, mining
risks and competition and the volatility of mineral prices. Actual
results and timetables could vary significantly. Additional information
about these and other factors that could affect the Company′s business
is set forth in the Company′s fiscal 2008 Annual Report on Form 10-K and
other filings with the Securities and Exchange Commission.

Legend International Holdings, Inc.

Mr. Joseph Gutnick

Chief
Executive Officer

Tel: +011 613 8532 2866

Fax: +011 613 8532
2805

E-mail: josephg@axisc.com.au

or

Legend
International Holdings, Inc.

General Manager Business

New
York Office

Tel: (212) 223 0018

Fax: (212) 223 1169

E-mail:
legendinfo@axisc.com.au