LEFROY EXPLORATION LIMITED — Director's Dealing 2003

Jul 15, 2003

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Nam entity te of	. .	BALLARD HALLA - 27 ◡ . .	_________	-- . . . .
ABN _________	., ---------------------------------------			______ ____ .

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	J. Randolph Updyke
Date of last notice

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Contract Contract Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/R
Data of change	June 11, 2003
No. of securities held prior to change	1,206,550
Class	ordinary
Number acquired	13.000
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$\beta$ 3.46 /share
No. of securities held after change	1,219,550

• See chapter 19 for defined terms.

11/3/2002

Appendix 3Y Page 1

$\mathcal{D}$

Change of Director's Interest Notice

Nature of change

rasseture en tanantyes
Example: on-market trade, off-market trade, exercise of options, issue
of securities under dividend reinvestment plan, participation in buy-
back $\ddot{\phantom{1}}$

on market trade

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should
be disclosed in this part.

Detail of contract
Nature of interest	$\rightarrow$ / A $-$
Name of registered holder (if issued securities)
Date of change
No, and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: if consideration is non-cash, provide details and an extinated valuation.
Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002

$\frac{1}{2}$

Rule 3.19A.2

Appendix 3Y

Change of Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 80/9/2001.

45.4 -----------	-------	--- ----- – . . --	. --- ື . .
ABN .	---	.	_____ ≂ ------------ . . ------ --- $\overline{\phantom{a}}$

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

. ------ Name of Director	1). Randolph Upduke
Date of last notice --------	11/28/2002 ---------

Part 1 - Change of director's relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Direct or indirect interest	Direct.
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant isteres.	W/R
Date of change	2/17/03
No. of securities hold prior to change	1,184,550
Class	ordinary
Number acquired	22,000
Mumber disposed
Value/Consideration Note: if consideration is non-cash, provide details and estimated voluation	A\$,46/shave
No. of securities held after change

• See chapter 19 for defined terms.

ъ.

11/3/2002

Appendix 3Y Page 1

Change of Director's Interest Notice

Nature of change Forward to the meaning -
Example: car-market trade, off-tracket trade, exercise of options, issue
of securities under dividend reinvestment plan, participation in buyback

on-market trade

Part 2 - Change of director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "nonfiable interest of a director" should

Detail of contract
Nature of interest
Name of registered holder (if issued securities)
Date of change
No. and class of securities - fa which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an exhigated valuation
Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002

$\frac{1}{2}$ .

$\overline{\phantom{a}}$