MELBOURNE, Australia, May 14, 2009 (BUSINESS WIRE) -- Legend International Holdings, Inc (Legend) (OTCBB:LGDI), today announced the maiden Inferred JORC Resource estimate for the D-Tree phosphate deposit (EPM14753) at its 80% owned D-Tree Phosphate Project in Queensland Australia. The recent drilling undertaken at D-Tree has also confirmed the presence of significant quantities of near surface Direct Shipping Ore ("DSO") and the DSO Project remains on schedule to commence production in Q4 2009. The detailed results have been reported in a Form 8-K filed with the Securities Exchange Commission simultaneously with this press release which is available on Legend's website www.lgdi.net.

Highlights include:

-- Maiden Inferred JORC Resource of 135 Mt @ 13.8% P2O5 for the D-Tree deposit (EPM 14753).

-- Total JV Inferred JORC Resource currently 305 Mt @ 15% P2O5 for the combined D-Tree West (EPM15763) and D-Tree (EPM14753).

-- The current estimate compares favourably with historically reported estimates for the D-Tree deposit (339Mt @ 16.0% P2O5 at a 10% P2O5 lower cut off grade)(2) with a large proportion, approximately 30% by area, of the known deposit currently not contained within the current resource estimate due to Exploration Permit Applications pending for these other areas.

-- D-Tree DSO project advancing towards production start in Q4 2009, recent drilling results confirm potential of near surface high grade (>30% P2O5) phosphate rock.

Joseph Gutnick

President and Chief Executive Officer

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 (Lady Annie, 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 the company is available at http://www.lgdi.net/.