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LEFROY EXPLORATION LIMITED Net Asset Value 2012

Sep 12, 2012

65225_rns_2012-09-12_dcfb607d-1d0b-4297-8741-5c7b76803920.pdf

Net Asset Value

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TO : Company Announcement Officer COMPANY : ASX SUBJECT : US Masters Holdings Limited – Net Tangible Asset Backing DATE : 13 September 2012

Dear Sirs,

Please find detailed below the following information as at 31 August 2012:

Net Tangible Asset Backing Net Assets (after deduction of liabilities) A$ 832,259 Number of securities on issue 18,028,921 Net Tangible Asset Backing A$ 0.0462

Please note:

  • As at 31 August 2012 the Net Assets shown above included A$ 64,110 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 Sydney NSW 2000 Australia Fax +612 8314 5555 Head Office: Email [email protected] Palm Grove House Roadtown Tortola British Virgin Islands

www.ushmasters.com