Legend Announces That Mt Isa Phosphate Project Has Not Been Effected by Floods in Queensland, Australia

Legend International Holdings, Inc (OTCBB:LGDI) would like to
announce that the Mt Isa Phosphate Project has not been impacted by the
floods in eastern Queensland. Current flooding in Queensland has been
concentrated around the Rockhampton region which is approx. 1,300km (800
miles) from Mt Isa.

QR Network has confirmed that the Mt Isa to Townsville railway line
continues to operate with no interruption. There have been no reported
interruptions to existing mining operations in the Mt Isa region.

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.

Legend International Holdings, Inc.

Mr. Joseph Gutnick, +011
613 8532 2866

Chief Executive Officer

Fax: +011 613 8532 2805

josephg@axisc.com.au

or

General
Manager Business

New York Office

Tel: 212-223-0018

Fax:
212-223-1169

legendinfo@axisc.com.au