Legend International Holdings Inc Announces the Appointment of Nomura as Financial Advisor

Legend International Holdings, Inc (OTCBB:LGDI) is pleased to
announce that it has appointed Nomura as its financial advisor to advise
on potential strategic transactions related to its phosphate mining and
refining business in the Georgina Basin in Queensland, Australia. The
transaction will involve assessing interested industry partners, who
wish to form a strategic alliance with Legend and invest in the project.

Nomura is one of the world′s leading global investment banks with an
international network of offices spanning 30 countries. Nomura has
advised on numerous high profile cross-border transactions in addition
to having a leading global capital markets franchise. Nomura was ranked
#1 M&A adviser in Asia Pacific in 2009⁽¹⁾ according to
Thomson Financial.

Mr. Joseph Gutnick, President and CEO of Legend commented on Nomura′s
appointment, stating that 'Nomura has a strong track record of
successfully executing cross-border transactions in the APAC region. We
are excited about working with the Nomura team to maximize the value and
outlook for our phosphate business. We are confident that the strength
of Nomura′s network and unparalleled access to potential investors,
particularly in the Asian region, will ensure a successful outcome for
Legend and its investors.?

Mr. Sheryar Chishty, Global Head of Industrials Investment Banking at
Nomura also commented on the transaction: 'We are honoured to be working
with Legend on this important project. We believe the outlook for global
phosphate demand and prices is very attractive on the back of the growth
in global food demand, increasing importance of food security and
emergence of phosphate fertilizer as a key ingredient in enhancing food
supply. Legend′s high quality assets are ideally positioned to benefit
from these trends.?

Legend′s phosphate and mining business in the Georgina Basin consist of
3 key phosphate deposits in Mt. Isa in the Georgina Basin of Queensland.
Legend′s current plan is to build a phosphate fertilizer complex that
will commence commercial production in 2013 in Mt. Isa near the three
deposits. Legend proposes to develop the project in two stages that will
occur sequentially: development of the phosphate fertilizer complex and
development of a beneficiation plant that will be used to upgrade
phosphate ores mined. Legend believes its phosphate deposits benefit
from ideal location, attractive scale and proximity to well-developed
infrastructure. Legend expects that the complex will be able to produce
600,000 tonnes and 1,200,000 tonnes of MAP and DAP per annum under the
base case and expanded production case respectively.

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 2009 Annual Report on Form 10-K and
other filings with the Securities and Exchange Commission.

Note: (1) Based on announced M&A transactions with any Asia
(including Japan and excluding Australasia) involvement

Legend International Holdings, Inc.

Mr. Joseph Gutnick, 011
613 8532 2866

Chief Executive Officer

Fax: 011 613 8532 2805

josephg@axisc.com.au

or

Legend
International Holdings, Inc.

General Manager Business

New
York Office, 212-223 0018

Fax: 212 223 1169

legendinfo@axisc.com.au