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with phosphate projects in the State of Queensland, today announced that the company hosted a special three day visit to Australia from the Secretary to the Government of India (Ministry of Fertilisers) the Hon. Mr. Atul Chaturvedi and IFFCO’s Managing Director Dr. U.S Awasthi. The delegates from India were hosted by the President & CEO of Legend Mr. Joseph Gutnick and Legend’s senior management.

Mr Chaturvedi controls the Indian’s Ministry of Fertiliser’s budget of approximately US$25 Billion for fertiliser subsidies to Indian farmers which is second only in size to India’s Ministry of Defence budget.

Dr. Awasthi is the Managing Director of IFFCO which is an Indian Farmers Fertiliser Cooperative consisting of over 50 million farmers from every region across India. Dr. Awasthi is also a director of Legend and IFFCO is currently a +10% shareholder of Legend.

The purpose of the visit was to meet various government officials and stakeholders in the Legend Phosphate Project so that the urgency and importance of the success of the Legend project to both the Australian and Indian economies could be stressed and reinforced.

The project will create many jobs in Queensland at a time when jobs are in dire need. At full operating capacity the project will increase Australia’s trade with India by over 15%

India is also a country which not only has soils deficient in phosphate nutrients but is also deficient in phosphate rock resources. IFFCO’s Paradip Fertiliser Unit needs a long term constant supply of phosphate rock and the plant is currently operating well below capacity. The agreement between Legend and IFFCO whereby Legend will supply 5 million tonnes of phosphate rock to IFFCO will secure the Paradip Plant’s future source of phosphate rock.

Mr. Chaturvedi said "This project must happen; it is integral to the future of sustaining India’s phosphate nutrient supply".

2O5 were inspected from the active drilling site at the D-Tree project.

Dr. Awasthi said "I am very excited about this project, the phosphate rock quality looks good and the intersections appear very wide compared to other deposits around the world".

The Lady Annie tenements were also visited, taking in the historical trench excavations and the old pilot plant site. Drilling at Lady Annie will commence in the 3

rd quarter of this year. Whilst in Mt. Isa, the delegation also visited the local member for Parliament, The Honourable Betty Kiernan MP, who is a strong advocate of the project and its significant benefits for the region.

Finally, Dr. Awasthi and Legend visited Brisbane to meet with QR Network Ltd (QR), Australian Rail Group (ARG) and the Port of Townsville Authority. Good progress has been made with these key stakeholders in the project and Dr. Awasthi was keen to reinforce the importance of quickly getting these key infrastructure requirements fast tracked so that export of the phosphate rock can begin by the end of this year.

The group also met with Mr. Colin Saltmere who represents the Indjilandji/Dithannoi Native Title Party for the land covered by the D-Tree Project. Mr. Saltmere is also the Managing Director of Myuma Pty Ltd which is a non-profit organisation which trains local indigenous people for the skills needed for successful careers in local and regional industries such as mining and civil construction works. Mr. Saltmere and Myuma are working closely with Legend and have pledged full support to the project.

The highlights from this report include:

Priority drilling and assay results from the D-Tree project (EPM14753) are now complete. Full results including maps and sections have been reported in the Form 8-K which is now available on Legend’s website www.lgdi.net.

• Assay results are consistent with historical drilling records and confirm the presence of a significant phosphate deposit.
• Assay results include 36 high grade intercepts (+25% P2O5) which have potential as direct shipping grade ore or material that may require minor dry beneficiation through crushing, screening ormagnetic separation.
• Initial metallurgical testwork produces excellent quality concentrate grades
• An Australian JORC (2004) Mineral Resource estimate for these drilling results to be completed by end of 1st Quarter 2009.
• Further drilling on other granted landholdings (EPM15763) in the D-Tree project to commence in 1^st quarter 2009.
• Upon grant of the flagship Lady Annie Project tenements in the 3rd quarter 2009 an aggressive drilling and metallurgical testwork program will commence on this ground.

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 2007 Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

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

For further information, please contact:

Mr. Joseph Gutnick General Manager Business

Chief Executive Officer New York Office

Legend International Holdings Inc Legend International Holdings Inc

Tel: +011 613 8532 2866 Tel: (212) 223 0018

Fax: +011 613 8532 2805 Fax: (212) 223 1169

E-mail: josephg@axisc.com.au E-mail: legendinfo@axisc.com.au

Highlights include:

• Project strategy includes low capex option whereby sufficient tonnage of high grade phosphate ore that requires little or no beneficiation is to be delineated for fast tracked export.
• Highly qualified project management team is now complete and fully operational.
• Priority drilling at the D-Tree project complete with full Exploration Results to be reported by the end of February 2009.
• Flotation beneficiation tests and phosphoric acid tests underway in India and U.S.A. with results to be reported by the end of February 2009.
• Notice of Proposed Grant of Exploration Permits recently advertised by the Queensland Government’s Department of Mines and Energy for six areas including Lady Annie and Lady Jane deposits.
• An area of land has been allocated to Legend on the Eastern Reclamation Area at the Port of Townsville to utilise for a storage, loading and materials handling facility.
• Phosphate rock transportation options by road and rail to the Port of Townsville are progressing well.

Project Strategy

Legend International Holdings Inc (Legend) has revised its project strategy due to the current financial and economic climate. The strategy aims to deliver positive operational cash flow as soon as possible with little capital outlay and the ability to pay for any required infrastructure from this cash flow. To achieve this aim a three stage approach has been adopted:

• Stage 1 – To focus on drilling near surface, high grade phosphate ore to delineate tonnage of direct shipping grade material that requires little or no beneficiation to export phosphate rock from the D-Tree phosphate deposit by the 4^th quarter of 2009.
• Stage 2 – Ramp up export of phosphate rock to 5 MT by 2012 beginning at the end of 4^th quarter 2009, sourced from a combination of either Lady Annie, D-Tree, Lady Jane, Lily & Sherrin Creek or any other phosphate deposits of which Legend has an interest.
• Stage 3 – Production of value added phosphate fertiliser products such as phosphoric acid, MAP, DAP and TSP.

Previously Legend was conducting a study with GHD to investigate the option of using a slurry pipeline to transport beneficiated product to the Port of Karumba. This option has now been abandoned due to high cost and port logistics. The transport option now considered feasible is via rail from Mt. Isa to the Port of Townsville.

Legend is now conducting its own studies closely with the Indian Farmers Fertiliser Cooperative (IFFCO) and various external consultants on all aspects of the project including studies into metallurgy, geology, environment, mining, transport and infrastructure. These studies will form the basis of a final feasibility study.

Worley Parsons is also working in association with Legend on various aspects of the project. Worley Parsons is a major international group with extensive experience offering technical, project and operational support in the resources and energy sector.

Legend has already achieved a number of milestones which are discussed below:

Project Management

Legend is pleased to announce that the Project Management Team for the phosphate project is now complete with the recent additions of a Mine Manager, Environmental Manager and Metallurgist.

• Mr. John Nguyen has been awarded the position of Mine Manager. Mr. Nguyen has a Bachelor Degree in Engineering (Mining), is a member of the Australian Institute of Mining and Metallurgy and has 12 years experience in the mining and resource industry in Australia. Recently, he was Assistant Mine Manager for Xstrata Zinc for Black Star Open Cut Mine in Mt Isa where he was responsible for assisting in the overall management of operations. He has held both technical and production roles in various commodities such as Gold, Mineral Sands, Tin, Iron Ore and Zinc.
• Mr. Damien Crawford has been awarded the position of Environment Manager. Mr. Crawford has a Bachelor of Engineering (Civil/Mining) from the University of Ballarat, Master of Water Resources from The University of Melbourne and Post Graduate Certificate of Environmental Engineering from Deakin University and is a Chartered Civil Engineer. Mr. Crawford has extensive experience in leading the investigation, design and development of infrastructure projects in Australia and internationally with particular emphasis on project approvals. He has 15 years industry experience including 4 years with Atkins engineering consultancy in the UK where he predominantly undertook projects for the Environment Agency. For the past 4 years he has been with multi-disciplinary engineering firm Parsons Brinkerhoff as Regional Executive (Water) responsible for business development and project delivery.
• Dr. Adam Teague has been awarded the position of Metallurgy Manager, which fulfils Legend’s need for a senior minerals processing professional. Dr. Teague has a Bachelor of Engineering (Metallurgical Engineering) and a PhD in Metallurgical Engineering. He is a Member of the Australian Institute of Mining and Metallurgy and has 12 years experience in the mining and resources industry. His PhD focussed on the flotation, grinding and leaching behaviour of refractory ores. Formerly with the AJ Parker Centre for Hydrometallurgy and Ian Wark Research Institute, recently he was Technical Services Manager for Orica Mining Chemicals responsible for managing the technical development and implementation of flotation chemicals at mine sites across Australia and the Asia Pacific.

These three additions to Legend complete the technical management team and will be great assets for the future successful development of the project. The full project management team now consists of:

• Project Manager – Mr. Ed Walker
• Geology Manager – Mr. Mark Edwards
• General Manager Logistics – Mr. Nigel D’Souza
• Mine Manager – Mr. John Nguyen
• Environment Manager – Mr. Damien Crawford
• Metallurgy Manager – Dr. Adam Teague

Geology

• Legend has completed all of the priority Reverse Circulation (RC) drilling at the D-Tree Phosphate Project with a total of 476 holes for 12,520 metres. Assay results from 9,320 of these metres (421 holes) have currently been returned from the assay laboratory and will be reported in a detailed announcement for Exploration Results by the end of February 2009.
• Once all drilling results have been received from the laboratory an Australian JORC code (2004) compliant Mineral Resource estimate will be completed. This is scheduled to occur by the end of March 2009 and will be used in the estimation of Ore Reserves.

Metallurgy

• Testing of bulk samples for phosphoric acid testing and flotation beneficiation are currently underway in both India and the United States of America and preliminary results will be reported in a detailed announcement on Exploration Results by the end of February 2009.
• A contract for conducting a testwork program in Australia, in conjunction with the design, construction and operation of a metallurgical testwork facility in Mt. Isa, has been awarded to Amdel Limited. Amdel Limited is Australasia’s leading provider of quality and innovative laboratory and technical services. Since 1960, Amdel has delivered accurate, timely and best practice services to a wide range of industry sectors including all the feasibility metallurgical work for BH South Ltd’s Lady Annie Phosphate Project in the 1970’s. This new facility in Mt. Isa will be used for bench scale and pilot scale testing of various beneficiation methods and phosphoric acid tests for all phosphate deposits in which Legend has an interest.
• The preliminary cost study on a beneficiation plant has been awarded to Worley Parsons.

Environmental & Mining

• Environmental and Mining permit applications are progressing well and will be closely supervised by the recent appointment of a Mine Manager and Environment Manager.
• A Mining Lease Application (MLA) will be submitted for the D-Tree Project once Ore Reserves have been estimated. The submission is expected to occur early Q2 2009.
• Environmental surveys and field studies have been awarded to Worley Parsons.
• On January 14^th 2009 the Notice of Proposed Grant of Exploration Permits was advertised by the Queensland Government’s Department of Mines and Energy in local newspapers for the following leases:
• Lady Annie (EPM16942)
• Lady Annie East (EPM17447)
• Lady Jane (EPM17330)
• Johnstone Creek (EPM17441)
• Thorntonia (EPM17333)
• Epsom Creek (EPM17446)

Infrastructure & Logistics

• Legends current plan is to export phosphate rock via Mt Isa to Townsville through the Mt Isa – Townsville rail network. This plan has been endorsed and supported by Australian Railroad Group (ARG) and QR Network Ltd (QR) who operate the above and below rail services respectively. QR has recently produced the Mt Isa – Townsville Rail Infrastructure Master Plan which describes how increased capacity will be achieved on this network. Legend is working closely with both QR and ARG towards finalising an agreement.
• Stage 1 of the phosphate project will utilise trucks for moving phosphate rock from site to Mt. Isa and then by rail to the Port of Townsville.
• Alternate transport options between the mine site and Mt. Isa are being investigated for stage 2 of the project.
• At the Port of Townsville 3.7 hectares of land has been allocated to Legend on the Eastern Reclamation Area to utilise for a storage, loading and materials handling facility.

Northern Territory Projects

Legend is increasing its diamond exploration activity in the proximity of the Merlin diamond mine in the Northern Territory and is continually sourcing promising new ground in this region which is one of the most diamond prospective areas in Australia. Accordingly, Legend has also taken a 14.9% stake in North Australian Diamonds Ltd which owns the Merlin mine and surrounding tenements.

About Legend

Legend International Holdings, Inc (OTCBB:LGDI - News) is a mining and agriculture resource development company. The Company is principally focused on developing its phosphate deposits in the Georgina Basin in Queensland, Australia. The Company’s exploration licences include approximately 5.2 million acres in Queensland and the Northern Territory, Australia. For further information please visit our website at www.lgdi.net.

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 2007 Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

Legend International Holdings Inc
Mr. Joseph Gutnick, +011-613-8532-2866
Chief Executive Officer
Fax: +011-613-8532-2805
josephg@axisc.com.au
or
New York Office
General Manager Business
Tel: 212-223-0018
Fax: 212-223-1169
legendinfo@axisc.com.au

AGORACOM Chief Commentator, Peter Grandich, made a call to BNN to alert them about this article on gold officially hitting backwardation. Backwardation occurs when the futures price of a commodity is lower than prices in the cash market.

Forward prices for gold turned negative on December 2nd and, according to Antal Fekete the author of the story, this is the first time it has happened in history (with the exception of contract expiry dates for a couple of minutes). Fekete states:

“On December 2nd, at the Comex in New York, December gold futures
(last delivery: December 31) were quoted at 1.98% discount to spot,
while February gold futures (last delivery: February 27, 2009) were
quoted at 0.14% discount to spot. (All percentages annualized.)

The condition got worse on December 3rd, when the corresponding
figures were 2% and 0.29%. This means that the gold basis has turned
negative, and the condition of backwardation persisted for at least 48 hours.“

Please click here to read the AGORACOM blog in its entirety.

Regards,

AGORACOM Investor Relations

Dear Shareholder:

Today Rio Tinto announced 14,000 job cuts, which according to the following article, could result in a return to a commodity boom.

The article: Rio's Cuts Indicative of Trend Which Must Lead to Major Commodities Price Boom is accessible through the preceding link.

Sincerely,

AGORACOM IR

The following article published in the Economic Times highlights the continued presence of George Soros in LGDI.

Sincerely,

AGORACOM IR

Buffett, Soros Continue To Buy Stake in Companies

6 Nov 2008

NEW YORK: In the midst of people selling their stocks as market values touch the nadir, legendary investors-- Warren Buffett and George Soros-- seem to be swimming against the tide and shopping for stakes in companies worldwide.

With the economic crisis ravaging global markets, the two billionaires are making investments in firms from America to Australia, which are expected to yield long term benefits.

As Buffett wrote recently in a newspaper column, a simple rule dictates his buying, "Be fearful when others are greedy, and be greedy when others are fearful."

Recently, Buffett pumped in about eight billion dollars in two American corporates. The legendary investor had pumped in five billion dollars to battered Wall Street giant Goldman Sachs and another three billion dollars into diversified conglomerate General Electric.

According to reports, Soros snapped up a five per cent stake in Australian firm Sphere Investments. The company is reportedly looking to develop a multi-billion dollar iron ore mine in Mauritania.

Moreover, in October, Soros had acquired over five per cent in Australian mining firm Legend International. The deal is pegged to be worth more than eight million dollars.

Buffett has bought preferred shares worth five billion dollars from Goldman Sachs, which would infuse the much needed capital into the firm.

In addition, Buffett has acquired preferred stocks worth three billion dollars in GE.

Amid the financial turmoil, the investor is not only just acquiring stakes, Buffett has even said that he is buying US stocks.

Last month, writing in the New York Times, Buffett asserted that he has been buying US stocks.

"The financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.

So ... I've been buying American stocks. This is my personal account I'm talking about, in which I previously owned nothing but United States government bonds," he wrote in his column.

Further, the legendary investor pointed out that if prices remain attractive, his non-Berkshire net worth would soon be 100 per cent in United States equities.

The JV tenements (including applications) cover a total area of 121,500 acres and include an estimated 24,700 acres of mineralized phosphorite horizon that has been defined by historical drilling.

The proposed JV consolidates and rationalizes tenement ownership over the D-Tree deposit and is a significant positive step towards near term mine development.

Under the JV, Legend will contribute tenements EPM 14753, EPMA's 17333, 17437, 17443 and 17446, and, MET will contribute tenement EPM 15763 (D-Tree West).

Legend will manage and hold an 80% interest in the JV and MET will hold a 20% contributing interest in the JV. Significantly, the JV will also have access to plant and infrastructure at Legend's 100% owned proposed Lady Annie phosphate development, which lies 9 miles to the east of D-Tree.

President & CEO of Legend Mr. Joseph Gutnick said, "We are very pleased to announce the Heads of Agreement with MET over D-Tree. Merging the projects makes sense as they are part of the same deposit and geological formation. Joining forces with MET not only increases the potential resource base and provides strong upside for exploration potential but also adds the extensive experience of MET's board of directors, in particular Mr. John Bovard who was project manager for Western Mining Corporation's (WMC) Phosphate Hill fertilizer operations, situated south of Mount Isa, currently owned by Incitec Pivot."

MET's Managing Director Peter Spiers said, "We are particularly pleased to announce the Heads of Agreement with Legend over D-Tree. Consolidating the projects is a logical step given their geographic proximity and substantially enhances the project scope, as well as providing a clearer path towards near term commercialization. Legend is a significant participant in the Australian phosphate sector and has established strong links with one of the world's major phosphate customers, the Indian Farmers Fertilizer Cooperative Limited (IFFCO).We look forward to working closely with Legend to pursue the various development options available at D-Tree."

A 20,000 meter reverse circulation/diamond drilling program commenced within the proposed JV area in early September 2008 within tenement EPM 14753. Initial assay results are pending.

The current drilling program will be used to revalidate historical results, convert the historical results to reserve status, and collect material for beneficiation test work. An early focus at D-Tree will be the identification of high grade mineralization suitable for potential direct shipment via the Mt Isa railhead (87 miles distant by road).

Global demand for rock phosphate remains strong. The development of an early direct shipment operation has potential to satisfy immediate customer demand, provide a foundation for consolidating longer term customer relationships and generate near term cash flow.

The Heads of Agreement is to be replaced by a formal JV agreement, which is expected to be finalized within 30 days.

A copy of the maps showing the location of the JV tenements is available on our website at www.lgdi.net.

About Legend

Legend International Holdings, Inc (LGDI)

LGDI is a mining and agriculture resource development company. The Company is principally focused on developing its phosphate deposits in the Georgina Basin in Queensland, Australia. The Company's exploration licenses include approximately 5.2 million acres in Queensland and the Northern Territory, Australia. For further information please visit our website at www.lgdi.net

About Mt Is Metals

Mt Isa Metals is a new exploration company focused on the discovery and development of world class mineral deposits in central and northwest Queensland. Mt Isa Metals recently completed a successful $7 million IPO and was admitted to the Official List of the Australian Securities Exchange on August 20, 2008. It has a substantial tenement holding (in excess of 1.6 million acres) and is one of the largest tenement holders in the Mt Isa region. In addition to the company's phosphate interests Mt Isa Metals is currently implementing exploration programs for a range of commodities including copper, gold, zinc, and uranium.

About Agoracom­­­­­­­

For all Legend International Holdings Inc investor relations needs, investors are asked to visit the Legend IR Hub at http://www.agoracom.com/IR/legendint... where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to LGDI@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

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 2007 Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

SOURCE: Legend International Holdings, Inc

Legend International Holdings Inc

Mr. Joseph Gutnick, +011-613-8532-2866

Chief Executive Officer

Fax: +011-613-8532-2805

josephg@axisc.com.au

or

New York Office

General Manager Business

Tel: 212-223-0018

Fax: 212-223-1169

legendinfo@axisc.com.au

or

Mt Isa Metals Ltd

Mr Peter Spiers, 011-617-3303-0624

Managing Director

Mobile: 011-61-409-407-265

1 Executive Appointments:

Mr Ed Walker – Project Manager

Mr Walker has acquired extensive international experience in the mining and water sectors via a number of senior engineering and project manager roles in international organisations. Mr Walker spent over 10 years in senior engineering roles in Australia and the United Kingdom before spending two years as a senior project manager of an Iron Ore Mining project run by Brazilian company Bahia Mineração Limitada (BML). He then moved to a multi-disciplinary engineering firm Parsons Brinkerhoff as a Principal Engineer responsible for business development and delivery of client projects. He has excelled in all his positions. Mr Walker has a Bachelor of Engineering (Civil) from Swinburne University of Technology and an Executive MBA from the Business School of São Paulo.

Mr Nigel D’Souza - General Manager Logistics

Mr. D’Souza has 38 years experience in International Shipping spanning almost all aspects of the industry; Commercial (chartering), Operational and Technical, including Port Operations and Barging. He has experience with the seaborne transportation and handling of fertilizers and has managed large Integrated Logistics movements. He has worked in commercial shipping with BHP/BHP-Billiton (13 years) and with BlueScope Steel (6 years).

Mr Mark Edwards – Manager Geology

Mr. Edwards, B.Sc.(Geol), B.Sc.(Hon), GDipAppFin, MAusIMM, MAIG, has 10 years experience in the mining and resources industry in Australia and Africa. Recently, he was Chief Mine Geologist for IMAGOLD”s Mupane Gold Mine in Botswana where he was responsible for generating, managing and reporting all resources for the Mupane Project and other satellite deposits.

2 Research Report

Legend is aware that Bank of Montreal Capital Markets has recently published a research report on Legend and a copy is available on our website at www.lgdi.net for download.

3 New substantial shareholder

Soros Fund Management recently announced that it had increased its interest in Legend to 23,031,180 (10.18%) shares of common stock.

About Legend International Holdings Inc

Legend International Holdings, Inc (OTCBB:LGDI) is a mining and agriculture resource development company. The Company is principally focused on developing its phosphate deposits in the Georgina Basin in Queensland, Australia. The Company’s exploration licences include approximately 5.2 million acres in Queensland and the Northern Territory, Australia. For further information please visit our website at www.lgdi.net

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 2007 Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

Legend International Holdings Inc
Mr. Joseph Gutnick, +011 613 8532 2866
Chief Executive Officer
Fax: +011 613 8532 2805
josephg@axisc.com.au
or
New York Office
General Manager Business
Tel: (212) 223 0018
Fax: (212) 223 1169
legendinfo@axisc.com.au

The following excerpt is a direct quote from the October 24^th Metals Morning Note from Salman Partners.

M&A: PotashCorp is on the Prowl

“Potash Corporation of Saskatchewan Inc. said that it recognized that depressed equity prices in public markets and investors’ and operators’ needs for liquidity (October 23^rd 3^rd Quarter Results) had provided PotashCorp with “significant [acquisition] opportunities”.

In fact, on Wednesday night, it had opportunistically increased its holdings of Israel Chemicals Ltd.

Although PotashCorp believes that the growth in demand for nitrogen and phosphate is likely to be less than that of potash, we consider that one determinant of the company’s acquisition strategy is its belief that there can be no Greenfield addition

to global potash mining capacity in the next five to seven years. In fact, we think that, rather than a Greenfield potash project, PotashCorp would be more likely to acquire a Greenfield phosphate project such as that of Legend International

Holdings (LGDI – NADASQB); which has historically-defined phosphate rock deposits in Queensland, Australia, and could give PotashCorp a greater entrée into Indian markets.”

Sincerely,

AGORACOM IR

Dear Shareholder:

Mining industry entrepreneur Joseph Gutnick will give the keynote address at the 3rd Annual Mining the Isa Conference at the Mount Isa Civic Centre on 17-18 November.

Joseph Gutnick, President and CEO of Legend International Holdings, will speak on the world’s new appetite for phosphate and its effect on the Mt Isa region.

Demand for phosphate, used primarily in agricultural fertilizers has escalated in recent months in response to world wide food shortages and higher food prices.

Legend International Holdings recently entered into a long term agreement to supply phosphate from its Lady Annie project in Queensland to Indian Farmers Fertiliser Cooperative Limited (IFFCO), India’s largest fertilizer enterprise, a cooperative with over 50 million farmers associated with it.

The conference program includes presentations from established mining companies in the Mount Isa region, junior companies, and infrastructure stakeholders including water, energy and transport companies.

Among them are Steve de Kruijff, Chief Operating Officer, Xstrata Copper who will give an update on operations and Mark Lynch, Managing Director of Citgold Corporation, who will report on the Charters Towers goldfield development.

Betty Kiernan, the state Member for Mount Isa and Bob Katter, the Federal Member for Kennedy, will also address the conference.

Sincerely,

AGORACOM IR

The following link shows the increased holdings on the SEC website showing ownership of 10.18% or 23,031,180 shares. This is an increase from the previous recorded holdings filed September 25, 2008.

Holdings have increased from 5.19% to 10.18%

Link to SEC Filing, Dated October 17th, 2008

Link to Previous Filing, Dated September 25th, 2008

Thanks to Bigphos for the link.

Sincerely

AGORACOM IR

Although the following article pertains to Potash and not Phosphate, it ddoes help to illustrate the growth within the fertiliser industry currently taking place.

Sincerely,

AGORACOM

'Billions upon billions' possible this year into 'most exciting' potash – BHP Billiton

http://www.miningweekly.com/article....

By: Martin Creamer

Published on 18th August 2008

The world's largest diversified mining company BHP Billiton would be considering the investment of "billions upon billions of dollars" into potash mining in the next 12 months, which was "probably the most exciting opportunity of them all", BHP Billiton CEO Marius Kloppers said on Monday.

Kloppers said BHP Billiton's specialised products group was working "in a very real way" on the "most exciting" Anglo Potash transaction, which the company announced earlier would give it access to 7 338 km2 of highly prospective exploration permits in the immediate vicinity of existing major potash mines in Saskatchewan, Canada.

He said that this had given the company an opportunity "to enter a new business at scale".

"We will give an update in a couple of months time on the progress of the potash project," Kloppers enthused.

In the meantime, Kloppers said, "you will see about $100-million of expense on that project over the next 12 months as we firm up and eventually that could result in billions upon billions of dollars being invested in potash mining".

BHP Billiton bid C$284-million for the Toronto Venture Exchange-listed Anglo Potash, an offer represented a 34% premium.

Anglo Potash owned 25% in an exploration joint venture with BHP Billiton.

Ninety-five per cent of world potash production is used in fertiliser, with Saskatchewan responsible for a quarter of global potash output.

Fertiliser giant Potash Corporation of Saskatchewan recently reported second-quarter earnings of $905,1-million, its highest ever and more than triple the profit of $285,7-million posted in the same period a year ago.

"We are experiencing strong growth in demand and are capturing the value of higher prices in all three nutrients, especially in potash," Potash Corp CEO Bill Doyle said at the time.

The looming global food crisis had prompted farmers around the world to strive for optimum yields, which was placing a priority on fertilisation.

BHP Billiton's diversified rival Rio Tinto also had its eye on the growing potash market, and hoped to start producing the crop nutrient from its first mine by as early as 2012, energy and minerals CE Preston Chiaro said.

The company already had a foot in the door, with assets in Argentina and Canada, and wanted to establish a "strong position", Chiaro said.

"We think this is a market that will grow in importance in the future, not only as developing countries improve their food supply, but also potentially from biofuels," Chiaro added.

Demand for potash has surged, driving prices into orbit, after the market spent the last three decades in surplus, which meant that the last new mine was built more than 20 years ago.

Rio Tinto bought PRC as early as 2002 and was currently operating a pilot plant, which would allow it to enter the fray in 2012 at a cost of $3,5-billion.

The group had also staked about 1 200 km2 of prospective property in Saskatchewan, where it is drilling.

South African contractor Shaft Sinkers has won a contract to sink a shaft into one of the world's largest potash deposits at the Gremyachinskoye mine at Kotel'nikovo, 100 km from the Volgagrad region in Russia.

Please click the following LINK to access an article featuring Joseph Gutnick of LGDI,

Regards,

AGORACOM

Dr U.S Awasthi

Dr. Awasthi has been the Managing Director of IFFCO since February 1993, the largest producer and seller of fertilisers in India. IFFCO produced 7.012 million tonne of fertiliser during 2006-07. After graduating in Chemical Engineering from Banaras Hindu University, Dr. Awasthi started his career with Shriram Chemical Industries, Kota in 1967. In 1971, he joined Zuari Agro-Chemicals Ltd., Goa. During 1976-86, he worked in various pivotal positions in IFFCO & KRIBHCO and acquired all-round expertise in planning and execution of fertiliser plants and was closely associated with the construction of Hazira as well as Aonla Projects. In 1986, he joined Pyrites, Phosphates & Chemicals Limited (PPCL) as its Chairman and Managing Director. He also held additional charge as Chairman & Managing Director of Rashtriya Chemicals & Fertilisers Ltd. (RCF) from April 1991 to March 1992.

Dr. Awasthi was the Chairman of the Fertiliser Association of India (FAI), New Delhi, during 1994-96. He held the position of President, International Fertiliser Industry Association (IFA), Paris during 1997-99. IFA is an organisation of 457 member companies from 80 countries. Dr. Awasthi had the honour of having represented the Industry point of view at HIGH LEVEL SEGMENT in the 6th Session of United Nations Commission on Sustainable Development and delivered a speech at ECOSOC Chamber, United Nations Headquarters, New York on Wednesday April 29, 1998. Dr. Awasthi has over 30 papers to his credit and has co-authored a book 'Fertiliser Industry in India'.

Mr Manish Gupta

Mr Manish Gupta graduated from the Indian Institute of Technology (IIT), Delhi, India in 1988 with a Bachelor of Technology specialising in Civil Engineering and continued his studies at the Institute of Management (IIM), Calcutta, India where he gained a Post Graduate Diploma in Management in 1990 specialising in Development, Marketing, and then at the University of Pune, Pune, India where he gained a Bachelor of Laws (LLB) in 1996 excelling in Taxation and Commercial Laws. Mr Gupta has held several positions in the Indian Government including with the Indian Taxation Office and as Deputy Secretary to the Government of India, Ministry of Chemicals and Fertilisers, and as an Additional Commissioner of Income Tax and Officer on Special Duty to the Revenue Secretary, Government of India.

In May 2004, he joined IFFCO and currently heads the strategic management team of IFFCO, responsible for formulating the future vision of the society and associated strategic decision making including setting up new ventures and partnerships, acquisition of existing ventures and diversification in new areas.

Dr Allan Trench

Dr Allan Trench is a geologist/geophysicist and business management consultant with approximately 20 years' experience within the Australian resources sector across a number of commodity groups. Dr Trench holds a Bachelor of Science (Honours), a doctorate in Geophysics, a master of Business Administration (Distinction) from Oxford University and a Master of Science (Distinction) in Mineral Economics. He commenced his career as an academic at Oxford University in England before moving to Australia on a Royal Society Fellowship. After a period at the University of Western Australia he joined WMC as the Exploration Manager for the Leinster-Mt Keith region. Dr Trench then managed a number of exploration companies associated with Mr. Joseph Gutnick before joining McKinsey & Company as a management consultant.

In his role at McKinsey, Dr Trench was an advisor to a number of large international resources companies on strategic, organisation and operational issues. From 2004 to 2006 Dr Trench was employed in a contract role as corporate strategist end benchmarking manager at Woodside Energy, helping to building Woodside's capability in strategy, benchmarking and performance improvement across its global asset portfolio. Dr Trench also serves as a non executive director for two other resource companies and currently holds the title of Adjunct Professor of Mineral Economics & Mine Management at the WA School of Mines, Curtain University.

Mr Henry Herzog

Mr Henry Herzog has served in a number of various positions as President, Vice President or Director on a number of publically listed companies in Australia and the United States, predominantly in the mining sector. Mr Herzog has restructured and reorganised several publically listed companies including U.S. company Bayou International Limited where he served as its President and Chief Executive Office from 1986-1988 and then as a Vice President through to June, 1999.

Mr Herzog has also occupied a variety of other management and consulting roles and has over forty years of business experience. Mr Herzog has spent the last six years managing a number of private investment entities and currently sits on the Board of Trustees of a non-profit college of higher education.

About Legend International Holdings Inc

Legend International Holdings, Inc (OTCBB:LGDI) is a mining and agriculture resource development company. The Company is principally focused on developing its phosphate deposits in the Georgina Basin in Queensland, Australia. The Company's exploration licences include approximately 5.2 million acres in Queensland and the Northern Territory, Australia. For further information please visit our website at www.lgdi.net

About IFFCO

IFFCO is India's largest fertiliser enterprise, a cooperative with over 50 million farmers associated with it, primarily engaged in production and marketing of nitrogenous and phosphate fertilisers in India. IFFCO has five fertiliser plants in India with a domestic annual capacity of producing 4.3 million tonnes of phosphatic fertilisers and 4.2 million tonnes of nitrogenous fertilisers. In addition to setting up the fertiliser manufacturing units in India, IFFCO has made strategic investments in several joint ventures in India and overseas. More details on IFFCO are available on its website www.iffco.nic.in

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.

SOURCE: Legend International Holdings, Inc

Legend International Holdings Inc Mr. Joseph Gutnick, +011 613 8532 2866 Chief Executive Officer

Fax: +011 613 8532 2805 josephg@axisc.com.au

or New York Office General Manager Business

Tel: 212-223-0018

Fax: 212-223-1169

legendinfo@axisc.com.au

The options exercise will provide an additional $US12.5 million of gross funding for the Company ($US12.3 million net of transactional costs) and will increase IFFCO’s stake in Legend from 6.78% to 8.84%. IFFCO still retains 25,000,000 options in Legend at strike prices from $US3.00 to $US4.00.

Commenting on the Agreement, Mr. Joseph Gutnick stated “IFFCO’s decision to exercise the options 45 days early represents a significant vote of confidence in Legend’s projects and direction”

The proceeds of the options exercise will be used to advance the ongoing development of the Company’s phosphate projects in the Georgina Basin in the Mt Isa region of Queensland.

About Legend International Holdings Inc

Legend International Holdings, Inc (OTCBB:LGDI) is a mining and agriculture resource development company. The Company is principally focused on developing its phosphate deposits in the Georgina Basin in Queensland, Australia. The Company’s exploration licences include approximately 5.2 million acres in Queensland and the Northern Territory, Australia. For further information please visit our website at www.lgdi.net

About IFFCO

IFFCO is India’s largest fertilizer enterprise, a cooperative with over 50 million farmers associated with it, primarily engaged in production and marketing of nitrogenous and phosphate fertilizers in India. IFFCO has five fertilizer plants in India with a domestic annual capacity of producing 4.3 million tonnes of phosphatic fertilizers and 4.2 million tonnes of nitrogenous fertilizers. In addition to setting up the fertilizer manufacturing units in India, IFFCO has made strategic investments in several joint ventures in India and overseas. More details on IFFCO are available on its website www.iffco.nic.in

About Agoracom­­­­­­­&...

For all Legend International Holdings Inc investor relations needs, investors are asked to visit the Legend IR Hub at http://www.agoracom.com/IR/legendint... where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to LGDI@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

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.

For further information, please contact:

Mr. Joseph Gutnick General Manager Business

Chief Executive Officer New York Office

Legend International Holdings Inc Legend International Holdings Inc

Tel: +011 613 8532 2866 Tel: (212) 223 0018

Fax: +011 613 8532 2805 Fax: (212) 223 1169

E-mail: josephg@axisc.com.au

E-mail: legendinfo@axisc.com.au

Please follow this Link to read a brief article highlighting todays news regarding Legend's agreement with IFFOC.

Sincerely,

AGORACOM

1. The Managing Director of IFFCO (Indian Farmers Fertiliser Cooperative Limited), Dr. Awasthi is to join the Board of Legend International Holdings, Inc.

2. Commenting on his appointment, Dr. Awasthi said “We are delighted to work with Mr. Joseph Gutnick and Legend to establish a significant fertilizer company in Australia.”In addition to the appointment of Dr. Awasthi to the Board of Legend International Holdings, Inc., IFFCO shall have the right to nominate another Board Member. The Company’s Chairman, President and CEO Mr. Gutnick has the right to nominate three other Board Members.

3. Commenting on the Agreement, Mr. Joseph Gutnick stated “It’s a great honour and privilege for me to welcome Dr. Awasthi, the Managing Director of IFFCO, to join the Board of Legend International Holdings, Inc. I look forward to his direction and guidance in ensuring the success of our phosphate project.”

Mr. Gutnick continued, “I am also very excited by the opportunity to work with IFFCO a cooperative representing 50 million farmers and the largest fertilizer company in the burgeoning Indian market. The long term track record of IFFCO and its market coverage, provide Legend International Holdings, Inc. a customer who has the capacity and financial strength to commit to large volumes of phosphate on an annual basis for the life of the project. It also enables Legend International Holdings, Inc. the ability to further develop its interests in fertilizer products and a channel through which to distribute those products.”

4. IFFCO shall receive 30 million options in Legend International Holdings, Inc. with the followings strike price and expiry dates:

a. 5,000,000 options, strike price $2.50 and expiring 60 days from closing;

b. 8,000,000 options, strike price $3.00 and expiring 12 months from closing;

c. 8,000,000 options, strike price $3.50and expiring 18 months from closing; and

d. 9,000,000 options, strike price $4.00 and expiring 24 months from closing.

The total proceeds amount to $100.5 million, and when exercised will be utilized to fund expenditure related to the project.

Under a separate Shareholders Agreement between IFFCO and Mr Gutnick, IFFCO will purchase from Mr. Gutnick 15 million shares at a price reflecting the development of the relationship between Mr Gutnick and IFFCO.

5. IFFCO signs principles of Off-take Agreement with Legend International Holdings, Inc. for phosphate rock from Legend International Holdings, Inc. The price of the rock will reflect the market price of long term International supply agreements to the Indian market. An alternate pricing mechanism would be the international phosphoric acid benchmark price.

6. IFFCO will provide both technical and financial facilitation to Legend International Holdings, Inc. in the development of its phosphate mining and shipment of its product to India.

About Legend International Holdings Inc

Legend International Holdings, Inc (OTCBB:LGDI) is a mining and agriculture resource development company. The Company is principally focused on developing its phosphate deposits in the Georgina Basin in Queensland, Australia. The Company’s exploration licences include approximately 5.2 million acres in Queensland and the Northern Territory, Australia. For further information please visit our website at www.lgdi.net

About IFFCO

IFFCO is India’s largest fertilizer enterprise, a cooperative with over 50 million farmers associated with it, primarily engaged in production and marketing of nitrogenous and phosphate fertilizers in India. IFFCO has five fertilizer plants in India with a domestic annual capacity of producing 4.3 million tonnes of phosphatic fertilizers and 4.2 million tonnes of nitrogenous fertilizers. In addition to setting up the fertilizer manufacturing units in India, IFFCO has made strategic investments in several joint ventures in India and overseas. More details on IFFCO are available on its website www.iffco.nic.in

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.

For further information, contact:

Legend International Holdings Inc
Mr. Joseph Gutnick, +011 613 8532 2866
Chief Executive Officer
Fax: +011 613 8532 2805
josephg@axisc.com.au
or
New York Office
General Manager Business
Tel: 212-223-0018
Fax: 212-223-1169
legendinfo@axisc.com.au

About Agoracom­­­­­­

For all Legend International Holdings Inc investor relations needs, investors are asked to visit the Legend IR Hub at http://www.agoracom.com/IR/legendint... where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to LGDI@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

The following article has been written about Joseph Gutnicks and his desire to feed the Indian market with Legend's Phosphate.

Sincerely,

AGORACOM

How Diamond Joe fell for phosphate

Matt Chambers | June 07, 2008

FITTINGLY, a search for diamonds led renowned mining entrepreneur and Lubavitcher rabbi Joseph Gutnick to his latest venture: an $850 million mine to send phosphate to the Indian market to turn into much-needed fertiliser.

Now, after getting out of most of his Australian companies and tapping US investors for the better part of seven months, "Diamond Joe" Gutnick has bought a house in Mt Isa and plans to spend a lot more time in his home country.

The quick journey from precious stones to fertiliser began last year, when a search for diamonds in the Northern Territory with his US-registered company Legend International led the enigmatic Mr Gutnick across some uranium and phosphate deposits.

With the uranium market running too hot at the time, Mr Gutnick's interest turned to phosphate and, in a similar way to how mining entrepreneurial royalty Andrew Forrest and Ivanhoe Mines' Robert Friedland started their latest ventures, he found ground that had been discarded by bigger players.

If Mr Gutnick has his way, this unclaimed land near Mt Isa could be producing 5 million tonnes of phosphate annually by the end of 2009.

"I got interested in phosphate, looked across Australia and came across the Georgina Basin and then serendipity, or luck, or divine providence, however you want to put it, came my way," Mr Gutnick said in an interview from his Melbourne office that overlooks the Albert Park.

The luck or divine intervention that Mr Gutnick has thanked for leading him to past deposits re-emerged when Incitec Pivot, concentrating on the nearby Duchess phosphate project that it bought from BHP Billiton, allowed tenements that came along with Duchess to lapse. "They were developing Duchess, so they just dropped it," Gutnick said of the Lady Annie deposit north of Mt Isa.

"It became available again through the mining department and we were very lucky to be first-day applicants.

"No one was looking at phosphate because it wasn't exciting at the time."

The market is excited now though, with prices surging as the world is threatened by food shortages and as China's and India's middle classes develop more agriculture-intensive diets containing more meat.

Rock phosphate traded at an average $US42 a tonne between 2001 and 2007 but the price has recently shot through $US400.

Legend's mine, which will pipe slurry 350km to the Karumba port on the Gulf of Carpenteria, is expected to produce at $50 a tonne, which will make it a hugely profitable venture provided there has been a step-change in phosphate prices.

After last month raising $100 million in the US to get the plan on the road, and in the process bringing on board some of the biggest names on Wall Street, Mr Gutnick has bought a house in Mt Isa, which he says will make his kosher food requirements a little easier, and is ready to get down to the business of finishing a pre-feasibility study and looking at further options for finance and development.

New York hedge fund Atticus Capital has taken a 10 per cent stake in Legend International and other big Wall Street names are set to appear on the company's register in coming weeks.

Legend is also in talks with Indian Farmers Fertiliser Co-operative, that country's largest fertiliser seller, to take either a stake in the project or the company. IFFC has already signed a 15 to 20-year off-take agreement for 3 million tons of phosphate and could take the whole lot.

Mr Gutnick has been quiet on the Australian corporate scene of late and says this has mainly been due to his capital raising in the US.

He said he planned to list Legend on the ASX -- it is currently traded on the US over-the-counter market -- though this is not imminent. "We were looking for diamonds, which was why we were in New York, getting support from the diamond industry there," he said, adding that he has spent a lot of time in North America recently to raise capital for his phosphate plans and gain expertise in the field. The latest $100 million raised came through the Bank of Montreal.

"We'll be listing within the next month or so on the American Exchange, or Amex, and then, somewhere down the track, whether it's six months or nine months, we'll do a dual listing," he said.

"I do intend listing on the Australian stock exchange because I'm Australian and we have an Australian asset, but at this stage the backing I have is from the US."

Mr Gutnick's local reputation was soured by the 2001 failure of Centaur Mining in the same laterite nickel industry that tainted Mr Forrest for so long, partly leading both men to find backing easier to get overseas.

The pair have a long history together and were once quite close. They fell out over a deal gone wrong between Mr Forrest's Anaconda and Centaur that wound up in the Victorian Supreme Court. They have not spoken since.

Still, Mr Gutnick speaks in glowing terms of Mr Forrest's achievements.

"He has to be admired for his passion and his tenacity and his vision, he's created a model, in this particular case, not in some others, for people to follow" he said. "There's still massive potential in Australia in resources for massive wealth to be created and it needs a type of person like Andrew Forrest, despite my differences with him, to be so successful."

Mr Gutnick said he hoped to have finance sorted out by the end of the year and, while it was likely the first rock would be shipped in 2010, it could be up by December next year.

Pursuant to the closing, the Company issued 42 million shares of common shares at a price of US$2.50 per share for gross proceeds of US$105 million. The private placement was increased by $5 million (2 million shares of common stock) from the details announced on May 22, 2008.

The Company has also issued 840,000 warrants to the agents which can be exercised at a price of US$2.50 per warrant, exercisable at any time up to June 3, 2010.

The proceeds of the financing will be used to advance the ongoing development of the Company's phosphate projects in the Georgina Basin in the Mt Isa region of Queensland and working capital.

The Company has agreed to prepare and file with the Securities and Exchange Commission a registration statement covering the 42 million shares of common shares and the shares to be issued on exercise of the warrants.

The Company also advises that it has made application to list its shares of common stock on the American Stock Exchange.

About Legend International Holdings Inc

Legend International Holdings, Inc (OTCBB:LGDI) is a mining and agriculture resource development company. The Company is principally focussed on developing its phosphate deposits in the Georgina Basin in Queensland, Australia. The Company's exploration licences include approximately 5.2 million acres in Queensland and the Northern Territory, Australia. For further information please visit our website at www.lgdi.net.

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 2007 Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

About Agoracom­­­­­­

For all Legend International Holding Inc investor relations needs, investors are asked to visit the Legend IR Hub at http://www.agoracom.com/IR/legendint... where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to LGDI@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

The Company has agreed to issue 40 million shares of common shares at a price of US$2.50 per share for gross proceeds of US$100 million.

The net proceeds of the financing will be used to advance the ongoing development of the Company’s phosphate projects in the Georgina Basin in the Mt Isa region of Queensland.

The Company has agreed to prepare and file with the Securities and Exchange Commission a registration statement covering the 40 million shares of common shares.

About Legend International Holdings Inc

Legend International Holdings, Inc (OTCBB: LGDI) is a mining and agriculture resource development company. The Company is principally focussed on developing its phosphate deposits in the Georgina Basin in Queensland, Australia. The Company’s exploration licences include approximately 5.2 million acres in Queensland and the Northern Territory, Australia For further information please visit our website at www.lgdi.net.

About Agoracom­­­­­­­

For all Legend International Holding Inc investor relations needs, investors are asked to visit the Legend IR Hub at http://www.agoracom.com/IR/legendint... where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to LGDI@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

For further information, please contact:

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 2007 Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

The following article is Industry Related:

May 12 (Bloomberg) -- BHP Billiton Ltd., the largest mining company, agreed to buy Anglo Potash Ltd. for C$284 million ($282 million) to gain access to a project in Canada.

BHP will pay C$8.15 a share for Anglo Potash, whose board has approved the deal and recommends shareholders vote in favor, Calgary-based Anglo Potash said today in a statement. Anglo Potash has agreed not to solicit other talks.

http://www.bloomberg.com/apps/news?p...

Regards,

AGORACOM

The following link discusses the recent developments of Legend International and it's offtake agreement with IFFCO.

Regards,

AGORACOM

India's Hungry for Fertilizer