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LEFROY EXPLORATION LIMITED Net Asset Value 2013

May 13, 2013

65225_rns_2013-05-13_a9119847-f190-4a50-9838-d334eea06025.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 May 2013

Dear Sirs,

Please find detailed below the following information as at 30 April 2013:

Net Tangible Asset Backing Net Assets (after deduction of liabilities) A$ 529,841 Number of securities on issue 23,508,921 Net Tangible Asset Backing A$ 0.022

Please note:

  • As at 30 April 2013 the Net Assets shown above included A$ 76,446 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

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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