LEFROY EXPLORATION LIMITED — Board/Management Information 2012

Feb 29, 2012

TO : Company Announcement Officer COMPANY : ASX SUBJECT : US Masters Holdings Limited – Resignation and Appointment of Company Secretary DATE : 1 March 2012

On 1 March 2012 Philip Mac Donald Madden resigned as Company Secretary and Local Agent of U.S. Masters Holdings Limited.

On the same date James Beecher was appointed Company Secretary and Local Agent.

Yours faithfully,

Michael Davies Director

U.S. Masters Holdings Limited ARBN 052 123 930 Phone +612 8314 5580 Fax +612 8314 5555 Email info@ushmasters.com

www.ushmasters.com

Australian Registered Office: Suite 2 Level 40 88 Phillip Street Sydney NSW 2000 Australia Head Office: Palm Grove House Roadtown Tortola British Virgin Islands