Sale of Murchison Project to Golden State Mining

• Lefroy Exploration Limited (ASX:LEX) (“LEX” or “the Company”) has entered into a binding Asset Sale Agreement under which it will sell its 100% interest in the Company’s Murchison Project to Golden State Mining Ltd (ASX:GSM) (“GSM”) for a combination of cash, GSM shares and GSM options • The consideration mix provides LEX with ongoing exposure to any exploration success by GSM at the Murchison P