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ATLANTA, GA, Jul 16, 2008 (MARKET WIRE via COMTEX) ----Market Pulse News Alert for this AM, Stocks to Watch are: Legend International Holdings, Inc. (OTCBB: LGDI), Washington Mutual Inc. (NYSE: WM: 5.02, +0.03, +0.60%), Lev Pharmaceuticals, Inc. (OTCBB: LEVP) and Intel Corp. (NASDAQ: INTC: 21.64, -0.35, -1.59%).

Investors need to be watching Legend International Holdings, Inc. (OTCBB: LGDI) this AM! Legend International Holdings is an emerging mining and agriculture resource development company principally focused on developing its highly prospective phosphate deposits in the Georgina Basin of Queensland, Australia.

The company's business plan calls for the identification of mineral properties where it can obtain secure title to exploration, development and mining interests. The company's preference is to identify large minerals deposits with low operating costs. Its exploration licenses include approximately 5.2 million acres in Queensland and the Northern Territory, Australia. Legend's phosphate interests in the Georgina Basin include Lady Annie, Lady Jane, D-Tree, Thorntonia, Lily Creek, Quita Creek, Sherrin Creek and Highland Plains which have historical deposits of a minimum of 1.4 billion tons averaging 16.52% P2O5. Legend will mine, beneficiate and transport 4 to 5 million tons of phosphate rock slurry via a pipeline to the Port of Karumba facility in the Gulf of Carpentaria. The rock will be sold to the Asian market where phosphate rock is in strong demand. At the beginning of 2006, the company expanded its areas of interest to include diamond exploration activities and in July 2006, the company completed the acquisition of certain diamond mining tenements in Northern Australia. Since that time, the company has identified that those mining tenements in Northern Australia also have potential for uranium and base metals. Legend recently announced that it had closed a US$105 million private placement transaction and that it had made application to list its shares of common stock on the American Stock Exchange. The financing transaction was led by BMO Capital Markets and included 25 North American and international institutional investors. The net proceeds of the financing will be used to advance the ongoing development of the company's phosphate projects in the Georgina Basin in the Mt. Isa region of Queensland. Canaccord Adams recently issued coverage on no less than seven fertilizer companies and analyst Keith Carpenter wrote in notes to clients, "We believe the fertilizer market will be robust for years into the future, specifically the potash and phosphate sectors. Prices are expected to remain strong as supply will not be able to meet the growth in demand over the next five years. With current pricing expected to rise into 2009 and 2010, earnings should also continue to increase." Legend's management is richly experienced in mine discovery, development and operations. Legend International is poised to become a significant player in the fertilizer and inorganic chemical industry!

Legend International just had excellent news out in a press release before today's opening bell announcing Legend and IFFCO India's largest fertilizer enterprise reach landmark agreement! The company also said it is very excited by the opportunity to work with IFFCO a cooperative representing 50 million farmers and the largest fertilizer company in the burgeoning Indian market! Investors should be watching this one closely!

Legend International Holdings, Inc. (OTCBB: LGDI) announces the Managing Director of IFFCO (Indian Farmers Fertilizer Cooperative Limited), Dr. Awasthi is to join the Board of Legend International Holdings, Inc. Commenting on his appointment, Dr. Awasthi said, "We are delighted to work with Mr. Joseph Gutnick and Legend to establish a significant fertilizer company in Australia."
In addition to the appointment of Dr. Awasthi to the Board of Legend International Holdings, Inc., IFFCO shall have the right to nominate another Board Member. The Company's Chairman, President and CEO Mr. Gutnick has the right to nominate three other Board Members.
Commenting on the Agreement, Mr. Joseph Gutnick stated, "It's a great honor and privilege for me to welcome Dr. Awasthi, the Managing Director of IFFCO, to join the Board of Legend International Holdings, Inc. I look forward to his direction and guidance in ensuring the success of our phosphate project."
Mr. Gutnick continued, "I am also very excited by the opportunity to work with IFFCO a cooperative representing 50 million farmers and the largest fertilizer company in the burgeoning Indian market. The long term track record of IFFCO and its market coverage, provide Legend International Holdings, Inc. a customer who has the capacity and financial strength to commit to large volumes of phosphate on an annual basis for the life of the project. It also enables Legend International Holdings, Inc. the ability to further develop its interests in fertilizer products and a channel through which to distribute those products."
IFFCO shall receive 30 million options in Legend International Holdings, Inc. with the followings strike price and expiry dates:
a. 5,000,000 options, strike price $2.50 and expiring 60 days from closing; b. 8,000,000 options, strike price $3.00 and expiring
12 months from closing; c. 8,000,000 options, strike price $3.50 and expiring 18 months from closing; and d. 9,000,000 options,
strike price $4.00 and expiring 24 months from closing.
The total proceeds amount to $100.5 million, and when exercised will be utilized to fund expenditure related to the project. Under a separate Shareholders Agreement between IFFCO and Mr. Gutnick, IFFCO will purchase from Mr. Gutnick 15 million shares at a price reflecting the development of the relationship between Mr. Gutnick and IFFCO.
IFFCO signs principles of Off-take Agreement with Legend International Holdings, Inc. for phosphate rock from Legend International Holdings, Inc. The price of the rock will reflect the market price of long term International supply agreements to the Indian market. An alternate pricing mechanism would be the international phosphoric acid benchmark price.
IFFCO will provide both technical and financial facilitation to Legend International Holdings, Inc. in the development of its phosphate mining and shipment of its product to India.