LEGEND MINING LIMITED — Investor Presentation 2016

May 10, 2016

==> picture [444 x 54] intentionally omitted <==

==> picture [540 x 341] intentionally omitted <==

A W E L L - F U N D E D E X P L O R E R I N T H E F R A S E R R A N G E

11 May 2016

ASX:LEG

ABOUT LEGEND

==> picture [166 x 55] intentionally omitted <==

• ASX listed exploration company

• Market capitalisation ~$16.3M (2B shares @ 0.8c)

• Cash and liquids ~$8.7M (+$3M @ 4% December 2016)

• Fraser Range – Rockford Project

==> picture [87 x 123] intentionally omitted <==

Chairman Michael Atkins

==> picture [87 x 123] intentionally omitted <==

Managing Director Mark Wilson

==> picture [87 x 123] intentionally omitted <==

Exec. Director - Technical Derek Waterfield

==> picture [87 x 124] intentionally omitted <==

Company Secretary Dennis Wilkins

2

PROJECT LOCATION

==> picture [165 x 55] intentionally omitted <==

• Located in northern Fraser Range district

• Acquisition date – 09/2015

• 120km NE of Nova 100km S of Tropicana

• 100% within Fraser Zone (18% of total area)

• Infrastructure access

Project potential for

• Nova style Nickel-Copper

• Tropicana style Gold

==> picture [332 x 460] intentionally omitted <==

3

EXPLORATION ACTIVITIES

==> picture [165 x 55] intentionally omitted <==

==> picture [430 x 364] intentionally omitted <==

Systematic Strategy

• Six target areas tested with MLTEM surveys

• Seven conductors identified

• 5 at Area D / 1 at Area E / 1 at Area F

• Five RC drillholes for 1,160m completed at Area D

• FLTEM and DHTEM surveys completed at Area D

4

ROCKFORD PROJECT

==> picture [166 x 56] intentionally omitted <==

AREA D – MOVING LOOP ELECTROMAGNETIC SURVEYS

==> picture [460 x 391] intentionally omitted <==

AREA D

• Five conductors identified associated with gravity feature

• RC drillholes tested conductors D1, D2 & D4

• D1 explained – 22m graphite schist from 174m

• D4 explained – DHTEM and assays

• FLTEM at D2 and D5

5

ROCKFORD PROJECT

AREA D – FIXED LOOP ELECTROMAGNETIC SURVEYS

==> picture [165 x 55] intentionally omitted <==

==> picture [466 x 397] intentionally omitted <==

AREA D

• Three new conductors

• ( D6, D7 & D8)

• Compelling drill targets

• Ground conditions/depth considerations - diamond drilling

• Core for geology

ROCKFORD PROJECT

6

==> picture [165 x 55] intentionally omitted <==

==> picture [315 x 40] intentionally omitted <==

FUTURE PROGRAMMES

 Diamond drilling to test D6, D7 and D8 (planned late May 2016)

 Regional aircore drilling ~5,000m and regional MLTEM surveys (following diamond drilling programme)

==> picture [200 x 133] intentionally omitted <==

==> picture [199 x 133] intentionally omitted <==

T H A N K Y O U

L E G E N D M I N I N G L I M I T E D

A S X : L E G 7

DISCLOSURE

==> picture [166 x 55] intentionally omitted <==

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 not to be advisors make or may prove correct. Neither Legend Mining Limited, nor its officers, employees and 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 is based on information compiled by Mr Derek Waterfield who is a member of the Australian Institute of Geoscientists and is a full time employee of Legend Mining Limited.

Mr Derek Waterfield has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (the JORC Code).

Mr Derek Waterfield consents to the inclusion in this presentation of the matters that relate to exploration results in the form and context in which it appears.

8