Lefroy Exploration Limited announced the first assay results from a four-hole diamond drill program completed at the Burns Au-Cu intrusion-related mineral system, located in the Company's wholly owned Eastern Lefroy Gold Project, 70km southeast of Kalgoorlie. Burns is a new and unique style of intrusion-related, gold (Au)-copper (Cu)-molybdenum (Mo)-silver (Ag) mineral system, hosted by Archean age rocks in the Eastern Goldfields Province (EGP) of Western Australia. The gold, copper, silver (and lesser molybdenum) mineralisation, which is hosted by multiple diorite-porphyry intrusives and high-magnesium basalt, is considered by the Company to be a new and unique style of gold-copper mineralisation in the Eastern Goldfields of Western Australia.

LEX is aiming to advance the understanding of the scale and genesis of this system through a deep diamond drilling program. Four holes, LEFD006-009, have now been completed for 2783 metres. The original diamond drilling program at Burns comprised two holes, LEFD006-007.

The diamond rig then completed an additional two holes, LEFD008 and LEFD009, at the priority Lovejoy prospect, located 1.5km north of Burns within the `Burns Corridor. Lovejoy is considered to be part of the larger Burns Intrusive Complex (BIC). Assay results have been received from the 400m to 461m interval in hole LEFD006.

Results are pending for the remainder of this hole. Diamond Drillhole LEFD006. The first hole of the four-hole diamond drill program, LEFD006, commenced on 12 July and was completed to a downhole depth of 1245.8m.

Co- funding for this hole is being provided under the Exploration Incentive Scheme (EIS) managed by the WA Department of Mines, Industry Regulation and Safety. LEFD006 was designed to evaluate the Burns Au-Cu mineralised diorite-porphyry host rock to a target (vertical) depth of 1000m from surface, with key aims to: Test the continuity of the mineralisation discovered to date, at depth, on a vertical scale; Test the lateral extent of the system by 250m west of the main known mineralization; Provide geological and geochemical information to support ongoing external research; Support that Burns is a new, large, Archean age Au-Cu intrusion related mineral system. The completion of LEFD006 established four broad geological domains, each with contrasting alteration and geology, which now demonstrate that the Burns system has a width of at least 600m, with the western limit yet to be defined.

The hole has also established continuity to the multiple porphyry units at depth, approximately 300m below the existing drilling on the baseline section (0N) and to 1000m vertically below surface. The system remains open at depth and along strike. The initial 570m of LEFD006 intersected a wide downhole interval of predominantly high-Mg basalt.

The basalt is variably epidote-biotite-magnetite- altered with localised hydrothermal breccia intervals, gypsum veins and narrow cross-cutting porphyry intervals. Mineralisation within the basalt interval includes fracture-fill native copper, with vein and/or fracture-fill chalcopyrite, pyrite, chalcocite and molybdenite. This interval of altered basalt has increased the lateral extent of the copper mineralised Western Basalt zone by approximately 250m to the west.

The alteration assemblage supports a large hydrothermal alteration cell, which is consistent with an intrusion related system. The targeted Central diorite Porphyry zone was expected to be intersected at 600m down hole, however prior to this, within the hanging wall basalt/western basalt zone from 400m to 440m, LEFD006 intersected an unexpected interval of multiple cross-cutting diorite intrusives (porphyry) that are predominantly potassic-altered hematite and biotite with associated pyrite-chalcopyrite and trace molybdenite mineralisation. This new zone is approximately 100m west of the suite of porphyries that make up the Central Porphyry.

The chalcopyrite is stringer or fracture fill in style and is most abundant between 415-440m. This intersection of diorite porphyry is separate to the Central Porphyry (that is deeper) and has defined an additional porphyry-related target for follow up drilling. Assay results received from the 400m to 461m interval support the visually identified stronger intervals of sulphide (chalcopyrite, pyrite) and magnetite mineralisation identified in or adjacent to the diorite porphyry and include: 19.6m at 0.33g/t Au and 0.75% Cu from 428m-447.6m, that includes: 3.50m at 0.86g/t Au, 0.72% Cu and 0.09% Co from 430m, and 6.30m at 0.47g/t Au, 1.70% Cu and 223ppm Cobalt (Co) from 433.5m.

The 19.6m interval from 428m downhole corresponds to a fault zone containing brecciated diorite- porphyry, with pervasive hematite and biotite alteration. This interval contains a narrow 3.5m ductile shear zone, from 430m downhole, with intense hematite alteration, strong magnetite veining, pyrite and an elevated Co content. The identification of the elevated cobalt content associated with the magnetite is a new and important development for the Burns system and further supports to the concept that Burns is a fertile multiphase mineral (gold copper cobalt silver) system.

Previous diamond and RC drilling at Burns has intersected numerous intervals of strong magnetite veining and alteration withing the basalt and porphyry host rocks and these have not been routinely assayed for cobalt. The Company has initiated a program of retrieval and analysis of pulp samples in storage, for intervals containing strong magnetite veining and/or alteration. The results from this program of cobalt analysis will highlight the extent of this mineralisation and its economic significance at Burns.

Results from this re analysis are expected in November. The Company will continue to provide further updates as assay results are received for each of the diamond holes.