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LEFROY EXPLORATION LIMITED Net Asset Value 2012

Oct 8, 2012

65225_rns_2012-10-08_c917e1e6-acd2-4c26-bc11-d73d4d6b5ca3.pdf

Net Asset Value

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TO : Company Announcement Officer COMPANY : ASX SUBJECT : US Masters Holdings Limited – Net Tangible Asset Backing DATE : 9 October 2012

Dear Sirs,

Please find detailed below the following information as at 30 September 2012: Net Tangible Asset Backing Net Assets (after deduction of liabilities) A$ 778,013 Number of securities on issue 18,028,921 Net Tangible Asset Backing A$ 0.0432

Please note:

  • As at 30 September 2012 the Net Assets shown above included A$ 67,600 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 ARBN 052 123 930 Phone +612 8314 5580 Fax +612 8314 5555 Email [email protected]

www.ushmasters.com

Australian Registered Office: Suite 2 Level 40 88 Phillip Street Sydney NSW 2000 Australia Head Office: Palm Grove House Roadtown Tortola British Virgin Islands