LEGEND MINING LIMITED — Major Shareholding Notification 2009

Dec 15, 2009

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

Legend Mining Limited To Company Name/Scheme ACN/ARSN 060 966 145

Details of substantial holder (1) 1.

Name	Australian Gold Resources Pty Ltd
ACN/ARSN (if applicable)	006 712 956
There was a change in the interests of the substantial holder on	11.12.2009
The previous notice was given to the Company on	05.11.2007
The previous notice was dated	05.11.2007

$2.$ 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 now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary Fully Paid Shares	509.735.000	44.32%	509.735.000	40.48%

$3₁$ Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give

Date of change	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
11.12.2009	Gold Australian Resources Pty Ltd	Dilution as a result of new shares issued as consideration first on completion of Cameroon transaction	N/A	164,985,000 Ordinary Fully Paid Shares	164,985,000
11.12.2009	Investments Yandal Pty Ltd	Dilution as a result of new shares issued as consideration first on. completion of Cameroon transaction	NIA	344 750,000 Ordinary Fully Paid Shares	344,750,000

4. Present relevant interests

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

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Yandal Investments Ptv Ltd	Yandal Pty Investments Ltd	Yandal Investments Pty Ltd	Direct	344,750,000 Ordinary Fully Paid Shares	344,750,000
Australian Gold Resources Pty Ltd	Gold Australian Resources Ptv Ltd	Australian Gold Resources Pty Ltd	Direct	164,985,000 Ordinary Fully Paid Shares	164,985,000

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 applicable. .	Nature ociation nt . __
. . ---------------------------------------	. -------

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Yandal Investments Pty Ltd	Post Office Box 1492, West Perth, WA 6872
Australian Gold Resources Pty Ltd	Post Office Box 1492, West Perth, WA 6872

Signature

print name	Mark Gareth Creasy	Sole Director & Secretary capacity
sign here	MR Incady	16 December 2009 date

DIRECTIONS

• If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and
  trustee of an equity trust), the names could be included in an ann $(1)$ they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
• $(2)$ See the definition of "associate" in section 9 of the Corporations Act 2001.
• See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001, $(3)$
• The voting shares of the company constitute one class unless divided into separate classes. $(4)$
• $(5)$ The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

091216.1 LEG Form 604 Change of Interest of Substantial Holder

• $(6)$ Include details of:
• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any $(a)$ document setting out the terms of any relevant agreement and a statement by the person giving full and accurate details of any contract, scheme
  or arrangement, must accompany this form, together with a written statement ce
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the $(b)$ securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• $(7)$ Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of th not paid directly to the person from whom the relevant interest was acquired.
• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown". $(8)$
• Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. $(9)$