Legacy Iron Ore Limited

An NMDC Group Company

ASX Announcement

27 January 2012

About Legacy Iron Ore

Legacy Iron Ore Limited ("Legacy" or the "Company") is a Western Australian based Exploration Company, focused on iron ore and gold exploration and discovery.

Legacy's mission is to increase shareholder wealth through capital growth, created via the discovery, development and operation of profitable mining assets.

The Company was listed on the Australian Securities Exchange on 8 July 2008. Since then, Legacy has had a number of iron ore, manganese and gold discoveries which are now undergoing drilling and resource definition.

Board and Management

Narendra Kumar Nanda, Non-Executive

Chairman

Sharon Heng, Managing Director

Swaminathan Thiagarajan, Non-Executive

Director

Subimal Bose, Non-Executive Director

Timothy Turner, Non-Executive Director

Tao Han, Non-Executive Director

John Hebenton Chief Technical Officer Capt. S P Singh, Chief Marketing Officer Ben Donovan, Company Secretary

Key Projects

Mt Bevan Iron Ore Project

Hamersley Iron Ore Project

Robertson Range Iron Ore and Manganese

Project

South Laverton Gold Project

East Kimberley Gold, Base Metals and REE Project

Enquiries

Sharon Heng Managing Director Phone: +61 8 9421 2005

ASX Codes: LCY, LCYOA, LCYOB

LEVEL 5, CITIBANK HOUSE

37 ST GEORGES TERRACE PERTH WA 6000

PO BOX 5768

ST GEORGES TERRACE WA 6831

Phone: +61 8 9421 2005

Fax: +61 8 9421 2001

Email: info@legacyiron.com.au
Web: www.legacyiron.com.au

The Company Announcements Office

ASX Limited

Via E Lodgement

LEGACY PLANS $ 200M LINE OF CREDIT TO FUND ANY NEW ACQUISITIONS AND JOINT VENTURES HIGHLIGHTS