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LEFROY EXPLORATION LIMITED Net Asset Value 2011

Jul 13, 2011

65225_rns_2011-07-13_dec4a8ef-0009-4824-a95d-40efb6ac2359.pdf

Net Asset Value

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TO : Company Announcement Officer COMPANY : ASX SUBJECT : US Masters Holdings Limited – Net Tangible Asset Backing DATE : 14 July 2011

Dear Sirs,

Please find detailed below the following information as at 30 June 2011: Net Tangible Asset Backing Net Assets (after deduction of liabilities) US$$292,511.72 Number of securities on issue 8,489,478 Net Tangible Asset Backing US$0.0345

Please note:

  • As at 30 June 2011 the Net Assets shown above included US$ 71,436 in unrealised investment losses;

  • The above figures are based on information available at this time and are subject to audit.

Kind regards, US Masters Holdings Limited

Director

U.S. Masters Holdings Limited Australian Registered Office: Suite 2 Level 40 ARBN 052 123 930 88 Phillip Street Phone +612 8314 5580 +612 8314 5580 Sydney NSW 2000 Australia

Phone +612 8314 5580 +612 8314 5580 Fax +612 8314 5555 Email [email protected]

Head Office: Palm Grove House Roadtown Tortola British Virgin Islands

www ushmasters com