LEGEND MINING LIMITED — Major Shareholding Notification 2007

Oct 23, 2007

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To	Company Name/Scheme	Legend Mining Limited
ACN/ARSN		060 966 145
1.	Details of substantial holder(1)
Name	ACN/ARSN (if applicable)	006 712 956	Australian Gold Resources Pty Ltd
	There was a change in the interests of the substantial shareholder on		24/10/07
	The previous notice was given to the company on		$\frac{21}{07}$ / 06
	The previous notice was dated		21/07/06

$2.$ Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when $\frac{1}{2}$ and the company of the company of scheme, $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and $\frac{1}{2}$ and

Class of Securities(4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes
Ordinary Fully Paid	395,485,000	45.91%	495,485,000	Voting power (5) 44.73%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associating/securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change 24/10/07	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
	Yandal Investments Pty Ltd	Conversion unlisted options	\$4,000,000	100,000,000 Ordinary Shares	100,000,000

$\mathbf{4}$ Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of	Registered	Person entitled to	Nature of	Class and	Person's votes
relevant interest	holder of	be registered as	relevant	number of
	securities	holder (8)	interest $(6)$	securities
Yandal Invest.	Yandal Invest.	Yandal Invest.		345,500,000
Pty Ltd	Ptv Ltd	Ptv Ltd	Direct	Ord. Shares	345,500,000
Australian	Australian Gold	Australian Gold		149,985,000
Gold Resources	Resources Pty	Resources Pty	Direct	Ord. Shares	149,985.000
Ptv Ltd	Ltd	Ltd

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association

6. Addresses

Name	Address
Yandal Ltd - 082 760 629	Investments Pty PO Box 4, Mosman Park, WA 6912
Pty Ltd – 006 712 956	Australian Gold Resources PO Box 4, Mosman Park, WA 6912

Signature

Mark Gareth Creasy
MG (MAM) Print name capacity: Sole Director/Secretary $29/10/100$ $\rm{date}$ Sign here