Legend International Holdings Announces Closing of a US$15 Million Private Placement With Atticus Capital

Legend International Holdings, Inc (OTCBB:LGDI) (a Delaware
Corporation) with projects in Queensland and the Northern Territory of
Australia, announces that it has completed a US$15,000,000 private
placement.

Effective as of December 12, 2007, Legend entered into a
Subscription Agreement with funds managed by Atticus Capital LP
pursuant to which the Company issued in a private placement
transaction (the "Private Placement") to Atticus 18,750,000 shares of
common stock at a price of US$0.80 per share for an aggregate purchase
price of US$15,000,000

Atticus Capital LP is a leading investment management firm, with
in excess of US$20 billion of assets under management. The firm is
headquartered in New York with an office in London. Atticus invests in
global securities markets on behalf of its clients.

The capital raising to fund the completion of a pre-feasibility
study on historic phosphate deposits on the Company´s D Tree, Lady
Annie, Lady Jane and Thorntonia tenements in the Mt Isa region of
Queensland.

The new landholdings at D-Tree, Lady Annie, Lady Jane and
Thorntonia are located in the Georgina Basin of Queensland, Australia,
totaling 247 square acres. Each project hosts a known and well
documented, substantial deposit of phosphate rock (Cook, P.J, 1989,
Howard, P.F, 1986).

The total historic phosphate deposits reported on these
landholdings by previous holders WMC Resources Limited (which is now
part of the BHP Billiton group) and Broken Hill South Limited is 983
million tonnes at a grade of 16.5% P2O5.

Phosphate prices have increased substantially in the past 24
months due to increased world demand, improved diet and shortage of
good quality ore to meet increased world demand particularly in China,
India and Latin America.

The Company has agreed to prepare and file with the Securities and
Exchange Commission a registration statement covering the resale of
the shares of Common Stock.

BBY Limited (www.bby.com.au) is the Australian advisor to LGDI.

About Legend International Holdings Inc

Legend International Holdings, Inc (OTCBB:LGDI) is a Delaware
corporation principally engaged in exploration and resource
development activities. The Company´s exploration licences include
approximately 5.2 million acres in Queensland and the Northern
Territory, Australia. For further information please visit our website
at 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 2006 Annual
Report on Form 10-KSB and other filings with the Securities and
Exchange Commission.