LEGEND MINING LIMITED — AGM Information 2008

May 25, 2008

Presentation to Shareholders

Annual General Meeting Perth, Western Australia 26[th ] May 2008

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Disclaimer

This is not a disclosure document. Any material used in this presentation is a summary of selected data, and any investor in Legend Mining Limited should refer to all Legend Mining Limited ASX releases and statutory reports before considering to invest in the company.

Any forward looking information in this presentation has been prepared on the basis of a number of assumptions that may prove not to be correct. Neither Legend Mining Limited, nor its officers, employees and advisors make or give any representation, warranty or guarantee in relation to this presentation.

Legend Mining Limited reserves the right to update, amend or supplement the Information in this presentation at any time in its absolute discretion without incurring any obligation to do so.

The information in this presentation that relates to Exploration Results has been reviewed by Mr Derek Waterfield, a Member of the Australian Institute of Geoscientists and a full time employee of Legend Mining Limited. Mr Waterfield has sufficient relevant experience in the styles of mineralisation and types of deposit under consideration, and in the activity he is undertaking, to qualify as a Competent Person as defined in the 2004 Edition of the “Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).

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Company Overview

Pilbara Project VTEM Targets Defined – Ready to Drill Gum Creek Project Ni-Cu exploration continuing Mt Gibson Project Oxiana to commence drilling shortly

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Pilbara Project

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Magnetometer Receiver Loop Transmitter Loop

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Pilbara Project VTEM Technique

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Pilbara Project VTEM Targets

• VTEM surveys cover 390km[2]

• 11 high priority targets defined

• Ground EM assists drill planning

• Numerous 2[nd ] Order targets

• Drilling to commence following tenement grant and heritage surveys

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Gum Creek Project

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Gum Creek
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Gum Creek

Gum Creek Project

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Gum Creek Project Bungarra Geology

Simplified Geology

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• Nickel potential recognised

• Gossan; 5.7% Cu, 1% Ni, 0.7g/t PGE

• Ground EM defined conductors

• RC/DD results encouraging

• VTEM survey defined conductors

Geological Legend

Peridotite, pyroxenite, gabbro

Basalt, felsic volcanic, sediments

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Simplified Geology

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Gum Creek Project Bungarra Geology & VTEM

VTEM – Channel 34

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Gum Creek Project Thangoo Geology

Simplified Geology

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• Nickel potential recognised

• Aircore testing of ultramafics

• Komatiite host rocks confirmed

• Broad zones with anomalous Ni

• • RC testing of Ni targets

• Ground EM survey

Geological Legend Ultramafic Mafic, sediments

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Ground EM – Channel 33

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Gum Creek Project Thangoo Ground EM & VTEM

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VTEM – Channel 34
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Mt Gibson Project

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Golden Grove Oxiana Limited 40Mt @ 6% zinc and 2% copper

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Mt Gibson Legend Mining Limited

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Mt Gibson Project Exploration Update

• Oxiana can earn 75% interest by spending $10M over 7 years

• Legend 25% free carried to Bankable Feasibility

• Oxiana completed:- review of extensive database

• relogging of previous diamond drillholes

• geochemistry using portable XRF device

• Diamond drilling programme 4-5 holes

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AGM 26[th ] Ma 2008 y