LEGEND MINING LIMITED — Capital/Financing Update 2021

Mar 3, 2021

ASX Announcement

ASX:LEG

4 March 2021

$3M Cash Boost to Legend Treasury by Directors and Senior Management Exercising Options

Legend Mining Limited (“ASX:LEG”) is pleased to advise that 74,900,000 4 cent 30 March 2021 and 2,000,000 7.2 cent 30 September 2022 unlisted options have been exercised which has added $3.14M to the Company’s cash at bank.

As a result of this exercise of options, the Managing Director Mark Wilson (Wilson Group) has become a substantial shareholder and moved up to be Legend’s third largest shareholder. Also, the Chairman Michael Atkins (Atkins Group) and the General Manager Exploration Derek Waterfield (Waterfield Group) have now become top 20 shareholders. The “Top 20” listing below details these resultant changes.

Legend Mining Limited (LEG) Top 20 Listing – Grouped at 3 March 2021

Rank Name Units	% of Units
1 CREASY GROUP 823,153,914 2 IGO LIMITED 356,578,323 3 WILSON GROUP 169,748,200 4 BAILEY GROUP 148,652,091 5 HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED GROUP 76,202,544 6 MR PLATON CONSTANTINE MANIOTIS 25,000,000 7 MR MATTHEW MCLEISH 24,000,000 8 THREE CHEEKY MONKEYS HOLDINGS PTY LTD 19,404,000 9 PHH PTY LIMITED 17,800,000 10 ATKINS GROUP 17,108,334 11 CITICORP NOMINEES PTY LIMITED 15,426,010 12 WATERFIELD GROUP 14,100,000 13 NINO CONSTRUCTIONS PTY LTD 13,161,547 14 MUSGRAVE MINERALS LIMITED 12,500,000 15 BNP PARIBAS NOMINEES PTY LTD 11,685,697 16 ZERO NOMINEES PTY LTD 11,407.143 17 MICHAELMAS ISLAND PTY LTD 11,216,945 18 LISTOGA PTY LTD 10,000,000 19 M & K LI HOWARD 9,455,844 20 J P MORGAN NOMINEES AUSTRALIA PTY LIMITED 9,071,915	29.87 12.94 6.16 5.39 2.76 0.90 0.87 0.70 0.64 0.62 0.56 0.51 0.47 0.45 0.42 0.41 0.40 0.36 0.34 0.32
TOTALS: Top20 holders of Legend ordinaryshares fully paid 1,795,672,507	65.17

Authorised by Mark Wilson, Managing Director.

Visit www.legendmining.com.au for further information and announcements.

For more information:

Mr Mark Wilson Managing Director Ph: (08) 9212 0600

Mr Oliver Kiddie Executive Director Ph: (08) 9212 0600

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Registered Office: Level 1 / 8 Kings Park Road, West Perth WA 6005, Australia