LEGEND MINING LIMITED — Investor Presentation 2006

May 23, 2006

COMPANY UDDATI GIDGEE & MT GIBSON PROJECTS

May 2006

Key Points

DEORRE PROJECTS

Exoarienced Team

ana.
Angli

Outstanding Exploration Upside

• Glogee Western Trend (A4) ensen
  A
• Michason Base Metal System (Zn-Cu)

PIUS SSM (Post Capital Raising)

Graffinan

Morac ARDS

Managing Director

Technical Director

Wark Wilson

, , , , , , , , , , , , , , , , , , ,

Non-Executive Director

DAINGEVEN

Exploration Manager

Detek Watertele

Decited Exploration Resin

Position-31 March 2006

Shares

456786822

ObitonS

20,900,000

SZN

O N

Loans

Convertible Note: \$5M (125M shares + 125M options at 4 cents) Cash Loan: S3M (repay May 2006) Equity Backed Bond Facility, \$6,145M

New Position + June 2006

Shares

8614874644

Obtions

ROSIOLIZAD

OGI

ENSIN

Capitalisation

\$34.4M at \$0.04/share

Loans

SS 1M (Environmental Bond Facility)

Projects - Location

Objortunity

Greenfields Discovery

ng
Ma

Established Resources and TABLE IS AND LIKE

	Cold Resources (Levertie)
Grande	SHOKOLOK S TA
Maria Maria	METOROIOKOZA
HOTAL	NOSSADOROZA

EXPRESHOL KEY POINS

KEY EXPLORATION STRATEGY

Explore within terrains that have a track-record of high-impact discoveries.

RISKPROFILE

Focus on high-reward opportunities at lowest possible risk.

DISCOVERY

Krow the footprint of your minimum target size.

Recognise success early.

AGGRESSIVE EXLORATION

Time is money.

Bxolorethon Bxoenchure

Forecast Rate of Exploration Expenditure - 2006

Projects - Location

WH CHOSON 4 DISTRICT

Colden Grove Resource: 17.0Mt @ 5.9% Zn,1.9% Cu, Timbulan k 1.6g/t Au

One of the top 15 Volcanic-Hosted Massive Sulphide (V-HMS) deposits in The World

Greenstone Sequence

Grinda

Mt Gibson Mine Area

WHCH3SON = LONGSCORON

Key Points

DEORRE PROJECTS

Exoarienced Team

ana.
Angli

Outstanding Exploration Upside

• Glogee Western Trend (A4) ensen
  A
• Michason Base Metal System (Zn-Cu)

PIUS SSM (Post Capital Raising)