LEGACY IRON ORE LIMITED — Director's Dealing 2010

Oct 20, 2010

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity	Legacy Iron Ore Limited
ACN	125 010 353

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Sharon Kia Le Heng
Date of last notice	9 August 2010

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Indirect (1): Lagenda Resources Pty Ltd Shares owned by Lagenda Resources Pty Ltd, a company in which Miss Heng has a relevant interest. Indirect (2): SHKIA Holdings Pty Ltd Shares owned by SHKIA Holdings Pty Ltd a company in which Miss Heng has a relevant interest Indirect (3): SHKIA Superannuation Fund Shares owned by SHKIA Superannuation Fund, a company which Miss Heng has a relevant interest.
Date of change	18 – 19 October 2010

• See chapter 19 for defined terms.

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11/3/2002 Appendix 3Y

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Direct: 15,947,603 Fully Paid Ordinary Shares 11,509,836 Options (LCYO) 11,000,000 Unlisted Piggy Back Options 28,000,000 Unlisted Performance Shares 1,800,000 Unlisted Employee Options exercisable at $0.25 expiring on or before 6 April 2015 Indirect (1): 7,600,000 Fully Paid Ordinary Shares 3,000,000 Options (LCYO) 2,000,000 Unlisted Piggy Back Options Indirect (2): 28,000,000 Fully Paid Ordinary Shares 8,000,000 Options (LCYO) 8,000,000 Unlisted Piggy Back Options Indirect (3): 1,000,000 Unlisted Piggy Back Options
Class	(a) Fully Paid Ordinary Shares (b) Unlisted Piggy Back Options
Number acquired	Indirect (1): (b) 1,000,000
Number disposed	Indirect (1): (a) 2,100,000 Indirect (3): (b) 1,000,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil.

• See chapter 19 for defined terms.

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11/3/2002 Appendix 3Y

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

Direct: 15,947,603 Fully Paid Ordinary Shares 11,509,836 Options (LCYO) 11,000,000 Unlisted Piggy Back Options 28,000,000 Unlisted Performance Shares 1,800,000 Unlisted Employee Options exercisable at $0.25 expiring on or before 6 April 2015 Indirect (1): 5,500,000 Fully Paid Ordinary Shares 3,000,000 Options (LCYO) 3,000,000 Unlisted Piggy Back Options Indirect (2): 28,000,000 Fully Paid Ordinary Shares 8,000,000 Options (LCYO) 8,000,000 Unlisted Piggy Back Options

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Off market-trade

• See chapter 19 for defined terms.

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11/3/2002 Appendix 3Y

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	Not applicable
Nature of interest	Not applicable
Name of registered holder (if issued securities)	Not applicable
Date of change	Not applicable
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Not applicable
Interest after change	Not applicable

• See chapter 19 for defined terms.

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11/3/2002 Appendix 3Y