Legacy Iron Ore : Retirement of 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

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

4 August 2020

ASX Market Announcements

ASX Limited

Via E Lodgement

Retirement of Chairman

Legacy Iron Ore Limited (Legacy Iron or the Company) wishes to advise that Mr N. Baijendra Kumar, Non-Executive Chairman, has retired from the Board of Legacy Iron following his reaching of superannuation age at his employer NMDC Limited.

The Board would like to thank Mr Kumar for his leadership and guidance over the past 2 years and wishes him well in his future endeavours.

An announcement in relation to the appointment of a new Chairman will be made in the future.

An appendix 3Z will follow.

Yours faithfully,

Ben Donovan

Company Secretary

This announcement has been authorised for release by the Company Secretary.