Legacy Iron Ore : Appointment of Mr Deb as Chairman

An NMDC Company

About Legacy Iron Ore

Legacy Iron Ore Limited ("Legacy Iron" or the "Company") is a Western Australian based Company, focused on iron ore, base metals, tungsten and gold development and mineral discovery.

Legacy Iron'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 Iron has had a number of iron ore and gold discoveries which are now undergoing drilling and resource definition.

Board

Sumit Deb, Non-Executive Chairman

Amitava Mukherjee, Non-Executive Director

Alok Kumar Mehta, Non-Executive Director

Devanathan Ramachandran, Non-

Executive Director

Rakesh Gupta, Director and Chief Executive Officer

Ben Donovan, Company Secretary

Key Projects

Mt Bevan Iron Ore Project

South Laverton Gold Project

East Kimberley Gold, Base Metals and REE

Project

Enquiries

Rakesh Gupta

Chief Executive Officer

Phone: [phone]

ASX Codes: LCY

LEVEL 6

200 ADELAIDE TERRACE PERTH WA 6000

PO BOX 5768

ST GEORGES TERRACE WA 6831

Phone: [phone]

Fax: [phone]

Email: [e-mail]

Web: www.legacyiron.com.au

ASX Announcement

6 August 2020

ASX Market Announcements

ASX Limited

Via E Lodgement

Appointment of Sumit Deb as Chairman

Legacy Iron Ore Limited (Legacy Iron or the Company) is pleased to announce the appointment of Shri Sumit Deb as Non-Executive Chairman.

Mr Deb has recently been appointed as Chairman cum Managing Director of NMDC Ltd, Legacy Iron's largest shareholder, and now assumes the position of Chairman of Legacy Iron.

Mr Deb is a graduate in Mechanical Engineering from Orissa University of Agriculture and Technology, Bhubaneshwar. Prior to his appointment as Chairman of NMDC, he was Director (Personnel) and responsible for various functions of Personnel & Admin, Human Resource Development, Law, and Corporate Communications of NMDC Ltd.

Prior to NMDC, he was with Rashtriya lspat Nigam Limited (RINL) where he worked for 25 years gaining experience in the steel industry.

Mr Deb also has significant experience in the marketing and distribution of steel & iron ore, sponge iron, pellets and diamonds.

Commenting on his appointment, Legacy Iron Chief Executive Officer Rakesh Gupta commented "Mr Deb has been an important part of the team that has driven significant growth in production and expansion at NMDC Ltd, and we look forward to his Chairmanship at a time when Legacy Iron is seeking to commercialise its gold projects. We welcome Mr Deb to Legacy Iron Ore."

An appendix 3X will follow.

Yours faithfully,

Ben Donovan

Company Secretary

This announcement has been authorised for release by the Board.