Legend International Holdings, Inc. Announces Partial Sale of Holding in Merlin Diamonds Limited

  Legend International Holdings, Inc. Announces Partial Sale of Holding in
  Merlin Diamonds Limited

Business Wire

MELBOURNE, Australia -- January 18, 2013

Legend International Holdings, Inc. (OTCBB:LGDI), (“Legend”), announces that
it has entered into an agreement to sell 24 million ordinary shares
(approximately 16.9%) in Merlin Diamonds Limited at a price of 21 cents per
share which amounts to A $5.04 million. Closing will occur in 60 days.
Following the closing, Legend will hold a 25.03% interest in Merlin Diamonds

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

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but such statements do not predict or assure any future occurrence and may
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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


Legend International Holdings, Inc.
Joseph Gutnick, +011 613 8532 2866
Chief Executive Officer
Fax: +011 613 8532 2805
Peter Lee, +011 613 8532 2866
Chief Financial Officer
Fax: +011 613 8532 2805
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