LEGEND MINING LIMITED — Capital/Financing Update 2019

Sep 29, 2019

ASX Announcement

30 September 2019

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ASX Announcements Platform Bridge Street Sydney NSW 2001

CLEANSING NOTICE - s708A(5)(e) of the Corporations Act 2001

Legend Mining Limited (ASX: LEG) ( “Legend” or the “Company” ) is pleased to confirm that on 30 September 2019 it has issued 67,787,142 fully paid ordinary shares ( Shares ) at $0.036 per Share and 33,893,571 free attaching unlisted options exercisable at $0.072 per option ( Options ) and expiring on 30 September 2022 pursuant to Tranche Two of a placement to Independence Group NL ( Tranche 2 Securities ), made up of 67,787,142 Shares and 33,893,571 Options issued following shareholder approval on 27 September 2019 (refer to the Company's Notice of General Meeting and ASX announcements of 9 July 2019 and 27 September 2019 for further details).

In accordance with s708A(5)(e) of the Corporations Act 2001 ( Act ) the Company provides notice to ASX that:

• (a) the Company issued the Tranche 2 Shares without disclosures to investors under Part 6D.2 of the Act;

• (b) as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act, as they apply to the Company and section 674 of the Act; and

• (c) as at the date of this notice, there is no information:

  • (i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

  • (ii) that investors and their professional advisors would reasonably require for the purpose of making an informed assessment of:

    • (A) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

    • (B) the rights and liabilities attaching to the Tranche 2 Shares.

Yours faithfully,

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Tony Walsh Company Secretary

Level 1 / 8 Kings Park Road, West Perth WA 6005 PO Box 626, West Perth WA 6872 Tel: +61 8 9212 0600 | Fax +61 8 9212 0611 www.legendmining.com.au