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Legend International Holdings, Inc. Announces Share Placement and Rights Issue



  Legend International Holdings, Inc. Announces Share Placement and Rights
  Issue

Business Wire

MELBOURNE, Australia -- January 16, 2013

Legend International Holdings, Inc. (OTCBB:LGDI), (“Legend”), announces that
it has placed 150 million shares of Common Stock at a price of 5 cents per
share raising $7.5 million.

Further, following the placement of shares, the Company intends to undertake a
rights issue of shares of Common Stock on a pro-rata basis, to all
stockholders, at 5 cents per share.

Funds raised by the placement and from the rights issue will be used in the
development of the phosphate operations, to retire debt and for working
capital purposes.

Forward-Looking Statements

This Press Release may contain forward looking statements. Forward looking
statements are statements that describe, or that are based on, our current
expectations, estimates, projections and beliefs. Forward looking statements
are based on assumptions made by us, and on information currently available to
us. Forward-looking statements describe our expectations today of what we
believe is most likely to occur or may be reasonably achievable in the future,
but such statements do not predict or assure any future occurrence and may
turn out to be wrong. You can identify forward-looking statements by the fact
that they do not relate strictly to historical or current facts. The words
"believe," "anticipate," "intend," "expect," "estimate," "project", "predict",
"hope", "should", "may", and "will", other words and expressions that have
similar meanings, and variations of such words and expressions, among others,
usually are intended to help identify 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 2011 Annual
Report on Form 10-K and other filings with the Securities and Exchange
Commission.

Contact:

Legend International Holdings, Inc.
Joseph Gutnick, +011 613 8532 2866
Chief Executive Officer
Fax: +011 613 8532 2805
legendinfo@axisc.com.au
or
Peter Lee, +011 613 8532 2866
Chief Financial Officer
Fax: +011 613 8532 2805
legendinfo@axisc.com.au
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