LEFROY EXPLORATION LIMITED — Director's Dealing 2010

Jul 25, 2010

Monday, July 26, 2010

Attention: Australian Stock Exchange Companies Announcement Platform Fax Number: 1300 135 638 From: Shawn van Boheemen Phone: $+61283145507$ Number of Pages (excluding cover) 6

To: Australian Stock Exchange

Please find attached a number of Appendix #Y forms for US Masters Holdings Ltd.

Regards,

$5$ von $4$

Shawn van Boheemen.

Appendix 3Y Change of Director's Interest Notice

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.

Name of entity: U.S. Masters Holdings Limited
ACN: 052 123 930

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	Mr. James David Beecher
Date of last notice	13 July 2010

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.

Indirect
Director of CFO Advisors Pty Limited ATF The Beecher Family Trust Note: Provide details of the circumstances giving rise to the relevant
23 July 2010
Nil
Ordinary
186,607
\$55,982
186,607

⁺ See chapter 19 for defined terms.

Appendix 3Y
Change of Director's Interest Notice

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of sscurities under dividend reinvestment plan, participation in buy-back	Off 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
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-eash, provide details and an
estimated valuation
Interest after change

⁺ See chapter 19 for defined terms.

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.

Name of entity: U.S. Masters Holdings Limited
ACN: 052 123 930

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 2050 of the Corporations Act.

, Name of Director	Mr. Michael Neil MacGregor Davies
Date of last notice	13 July 2010

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 interest.
Date of change	23 July 2010
No. of securities held prior to change	Nil
Class	Ordinary
Number acquired	499,816
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$192,298
No. of securities held after change	499,816

⁺ See chapter 19 for defined terms.

Appendix 3Y Change of Director's Interest Notice

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off 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
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to
which interest related prior to
change
Note: $D$ stails 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
estimated valuation
Interest after change

ŀ.

⁺ See chapter 19 for defined terms.

Appendix 3Y Change of Director's Interest Notice

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

Name of entity: U.S. Masters Holdings Limited
ACN: 052 123 930

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	Mr. Gordon Thomas Galt
Date of last notice	13 July $2010$

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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Trustee of the Galt Superannuation Fund
Date of change	23 July 2010
No. of securities held prior to change	Nil
Class	Ordinary
Number acquired	186,607
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	\$77,194
No. of securities held after change	186,607

⁺ See chapter 19 for defined terms.

Nature of change Example, on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off market trade

Part 2 - Change of director's interests in contracts

Note: In the esse 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
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 estimated valuation
Interest after change

$\frac{1}{\epsilon}$

⁺ See chapter 19 for defined terms.