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LEFROY EXPLORATION LIMITED Net Asset Value 2013

Feb 7, 2013

65225_rns_2013-02-07_12f5a44a-c218-4dd2-bd37-fef44b65132a.pdf

Net Asset Value

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TO : Company Announcement Officer COMPANY : ASX SUBJECT : US Masters Holdings Limited – Net Tangible Asset Backing DATE : 8 February 2013

Dear Sirs,

Please find detailed below the following information as at 31 January 2013:

Net Tangible Asset Backing

Net Assets (after deduction of liabilities) A$ 680,246 Number of securities on issue 23,508,921 Net Tangible Asset Backing A$ 0.03

Please note:

  • As at 31 January 2013 the Net Assets shown above included A$ 70,688 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

==> picture [109 x 56] intentionally omitted <==

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