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LEFROY EXPLORATION LIMITED Net Asset Value 2007

Jul 12, 2007

65225_rns_2007-07-12_c96e25cb-8505-4d87-85de-b8191e943441.pdf

Net Asset Value

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EQUITY TRUST

Equity Trust Fund Services (Luxembourg) S.A. 46A, Avenue J.F. Kennedy L-1855 Luxembourg

Tel +352 229 444 Fax +352 229 466 Email [email protected]

FAX

TO : Company Announcements Office
COMPANY : ASX
COPY : Philip Madden- email
: Alan Fraipont - email
FROM $\ddot{\cdot}$
SUBJECT : U S Masters Holdings Limited
OUR REFERENCE :
DATE : $12^{th}$ July 2007 NUMBER OF PAGES: 1

Dear Sirs,

Please find detailed below the following information as at 30 June 2007:

Net Tangible Asset Backing

Net assets (after deduction of liabilities) US\$ 992,905.45
Number of securities on issue 2,429,826
Net Tangible Asset Backing US\$ 0.4086

Please note the above figures are based on information available at this time and are subject to audit.

With kind regards, Equity Trust Fund Services (Luxembourg) S.A.

rantrad

Ronan Brady

Claude Mermans

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