Legend International Holdings Inc. Announces Major Milestones Achieved for Its Phosphate Project in Queensland, Australia

MELBOURNE, Australia--(Business Wire)--
Legend International Holdings, Inc. (Legend) (OTCBB:LGDI) is pleased to announce
the following major milestones for its Queensland Phosphate Project, Australia:

* Maiden Inferred Resource (Australian JORC 2004 guidelines) for the D-Tree
Direct Shipping Ore (DSO) Project:

* 1.0 Mt @ 29.4% P2O5 (25% P2O5 cut-off grade)
* 0.8 Mt @ 30.0% P2O5 (28% P2O5 cut-off grade)

* No Environmental Impact Assessment (EIS) required for the D-Tree Mining Lease
Application
* Legend`s phosphate project is being fast tracked in Queensland Government`s
Expedited Mining Projects.

The D-Tree Project is a joint venture between Mt Isa Metals (MET 20%) and Legend
International Holdings, Inc. (Legend 80%, manager). The joint venture
participants control 100% of the D-Tree deposit and have previously announced
plans for the development of a 0.5mtpa direct shipment operation in the D-Tree
North area.

Subject to the conclusion of a positive Feasibility Study the D-Tree DSO Project
remains on schedule to commence operation in Q4 2009.

MAIDEN INFERRED JORC RESOURCE

Cut Off Grade Ore Ore Phosphate Grade Iron Oxide Grade Alumina Grade
P205 (%) `000 BCM `000 tonnes P205 (%) Fe203 (%) Al203 (%)
>=25.0 553 1,035 29.4% 3.0% 2.7%
>=28.0 441 825 30.0% 2.4% 2.6%

The above estimate is for the high grade portion of D-Tree North within and
adjacent to the Mining Lease Application (MLA90190) area and is a subset of the
previously announced Inferred Resource of 305Mt @ 15% P205
for EPM`s 14753 (D-Tree) and 15763 (D-Tree West).

A location diagram for all D-Tree Project Mineral Resources is provided in the
same press release available today on Legends website www.lgdi.net.

Mine development and planning activities have commenced, and the D-Tree DSO
Project is on schedule to commence production in Q4 2009.

With the successful completion of the resource drilling program at D-Tree,
Legend`s drilling attention has now moved to the Paradise North DSO target, and
it is anticipated that a diamond and RC drilling program will commence in July
2009, consisting of over 3,000 metres with an initial objective of delineating
the extent of the known high grade material which was discovered by BH South Ltd
in the early 1970s.

`NO EIS` REQUIRED FOR DIRECT SHIPMENT ORE (DSO) PHOSPHATE PROJECT

Legend is also pleased to announce that the Queensland Government's Department
of Environment and Resource Management (DERM) has decided that environmental
authority for mining activities at the proposed D-Tree North Direct Shipment Ore
(DSO) mine on MLA90190 will be assessed without an Environmental Impact
Statement (EIS).

This `No EIS` decision means environmental authority will be assessed under an
Environmental Management Plan which is consistent with Legend`s fast-track DSO
project as it does not involve recourse to the longer duration EIS process.
Legend has already submitted an Environmental Management Plan to the Department
in anticipation of this `No EIS` decision. A departmental assessment of the Plan
is due shortly.

Legend will continue to work closely with DERM to obtain environmental authority
for mining activities at the proposed D-Tree North DSO mine and is on target to
begin production by the fourth quarter of this year.

LEGEND FAST TRACKED IN QUEENSLAND GOVERNMENT'S EXPEDITED MINING PROJECTS

Legend has recently had a Case Manager appointed to the Legend Phosphate Project
by the Queensland Government's Department of Mines and Energy to help streamline
the approvals process in regard to all of Legend's Mining Lease and Exploration
Permit Applications. This is in accordance with the Departments announcement in
February 2009 whereby the former Minister for Mines and Energy Mr. Geoff Wilson
announced:

"If we streamline the process, we'll be able to create more than 1500
construction jobs in the regions.

"Mining companies around the world are shedding staff. What we're seeing is the
human face of the global economic crisis and the harsh reality that we are
indeed in tough economic times.

"Mining is important to Queensland and so are the 37,000 men and women who work
in our mines. That's why the Bligh Government is taking swift action. We want to
do all we can to protect those workers and their jobs.

"New mines mean new jobs. Not only that, local communities and businesses rely
heavily on the money spent by mining companies and their workers.

"That's why the Bligh Government is taking steps to fast track these projects -
following due process, of course - as quickly as possible," he said.

Minister Wilson said his Department of Mines and Energy would work with the
Department of Natural Resources and Water, the Environmental Protection Agency,
the Department of Infrastructure and Planning, and other government agencies to
identify areas of regulatory overlap and to streamline approval processes.

"We are closely monitoring outstanding mining lease applications and working
directly with companies on actions we can take to speed up the process," he
said.

The recent appointment of a dedicated Mt Isa based Case Manager to the Legend
Phosphate Project is an important step forward in helping Legend achieve its
fast tracked development schedule.

Background

Legend is led by Joseph Gutnick, a prominent Australian mining industry
entrepreneur, who has overseen some of Australia's largest and most prestigious
resource discoveries.

Legend's primary focus is the development of its phosphate interests in the
Georgina Basin, Queensland, Australia including Paradise (formerly Lady Annie
and Lady Jane), D-Tree, Thorntonia, Lily Creek, Quita Creek, Sherrin Creek and
Highland Plains.

Legend plans to produce an average of 5 million tonnes per year of phosphate
rock concentrate of 30%+ P2O5 by 2012, thus becoming one of the world's leading
producers of phosphate rock. More information on Legend is available at
http://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 2008 Annual Report on Form 10-K
and other filings with the Securities and Exchange Commission.

Competent Person Statement

The information in this press release which relates to D-Tree Mineral Resources
is based on a resource estimate compiled by Mr Stephen Hyland MAusIMM, who is a
full-time employee and Principle Consultant of Ravensgate Minerals Industry
Consultants. Mr Hyland has sufficient experience which is relevant to the style
of mineralisation and type of deposit under consideration and to the activity
which he is undertaking to qualify as a Competent Person as defined in the 2004
Edition of the "Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves." Mr Hyland consents to the inclusion in the report
of the matters based on his information in the form and context in which it
appears.

Important Information

Further information pertaining to site access, geology, tenure, drilling and
sampling methodology can be found in the Form 8-K as released on the 25th of
February 2009 which can be accessed on the company website
(http://www.lgdi.net/).

Mineral resources ("resources") have been calculated as at June 20, 2009 in
accordance with JORC Code (2004) guidelines. For United States reporting
purposes, Industry Guide 7, (under the Securities and Exchange Act of 1934), as
interpreted by Staff of the SEC, applies different standards in order to
classify mineralization as a reserve. Accordingly, for U.S. reporting purposes,
D-Tree is classified as non reserve mineralized material.In addition, while the
terms "measured," "indicated" and "inferred" mineral resources are required
pursuant to the JORC Code, the U.S. Securities and Exchange Commission does not
recognize such terms. JORC standards differ significantly from the requirements
of the U.S. Securities and Exchange Commission, and mineral resource information
contained herein is not comparable to similar information regarding mineral
reserves disclosed in accordance with the requirements of the U.S. Securities
and Exchange Commission.

Legend International Holdings Inc.
Mr. Joseph Gutnick, +61 3 8532 2866
President & Chief Executive Officer
Fax: +61 3 8532 2805
josephg@axisc.com.au
or
Legend International Holdings Inc. (New York Office)
General Manager Business, 212-223-0018
Fax: 212-223-1169
legendinfo@axisc.com.au

Copyright Business Wire 2009