LEFROY EXPLORATION LIMITED — Major Shareholding Notification 2016

Oct 23, 2016

Form 604 Corporations Act 2001 Section 671B Notice of change of interest of substantial holder

To Company Name/Scheme Lefroy Exploration Limited ACN/ARSN 052 123 930

1. Details of substantial holder (1)

Name

Michael Neil Macgregor Davies

There was a change in the interests of the substantial holder on: 14/10/2016

The previous notice was given to the company on: The previous notice was dated:

2/11/2012 2/11/2012

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, to give a substantial holdings notice to the company or scheme are as follows:

follows:
Class of securities(4)	Previous notice		Present notice
	Person’s	Voting	Person’s	Voting
	votes	power (5)	votes	power (5)
Fully paid ordinary shares	4,494,321	24.9%	10,882,654	16.88%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

follows:
Date of	Person	Nature of change	Consideration	Class and	Person’s
change	whose	(6)	given in relation	number of	votes
	relevant		to change (7)	securities	affected
	interest			affected
	changed
14/10/2016	Michael	Purchase of shares	$0.20 per share	500,000 fully	500,000
	Davies	via Prospectus		paid ordinary
		dated 6/9/2016.		shares
14/10/2016	Michael	Issue of shares to	$0.20 per share	4,375,000	4,375,000
	Davies	repay finance		fully paid
		facility.		ordinary
				shares
15/1/2014	Michael	Issue of shares in	$0.15 per share	293,333 fully	293,333
	Davies	lieu of Director’s		paid ordinary
		fees.		shares
3/1/2013	Michael	Issue of shares in	$0.20 per share	220,000 fully	220,000
	Davies	lieu of Director’s		paid ordinary
		fees.		shares
3/1/2013	Michael	Issue of shares	N/A	1,000,000	1,000,000
	Davies	pursuant to terms		fully paid
		of the Share Plan		ordinary
		Trust.		shares

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

change are as	follows:
Holder ofrelevantinterest	Registeredholder ofsecurities	Person entitledto be registeredas holder (8)	Nature ofrelevantinterest (6)	Class andnumber ofsecurities	Person’svotes
MichaelDavies	MichaelDavies	Michael Davies	Registeredholder withrelevantinterest undersection608(1)(a) oftheCorporationsAct.	9,882,654ordinaryshares.	9,882,654
MichaelDavies	US MastersShare PlanPty Ltd	US MastersShare Plan PtyLtd	Registeredholder withrelevantinterest undersection608(1)(b) oftheCorporationsAct.	1,000,000ordinaryshares.	1,000,000

5. Change in association

The persons who have become associates (2) of, ceased to be associate of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

the company or scheme are as follows:
Name andACN/ARSN(ifapplicable)	Nature ofassociation
N/A	N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Michael Davies	PO Box 472, West Perth WA 6872

Signature :

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_________________________________ Print name: Michael Davies Date: 21 October 2016