The Board of Directors of Lefroy Exploration Limited announced that reverse circulation (RC) drilling has commenced at the Lucky Strike Prospect located approximately 55km to the south east of Kalgoorlie in the Eastern Goldfields Province of Western Australia. A focused nine hole RC drilling program has recently commenced at Lucky Strike to evaluate the strike extensions to this new Banded Iron Formation hosted gold system. The Lucky Strike Trend is located approximately 2km to the northwest of the high grade Lucky Bay open pit mined by Silver Lake Resources during 2015 and 4km to the south west of the Randalls Processing Plant operated by SLR. The company has interpreted that the Lucky Strike Trend shares similar geological and structural settings to the Lucky Bay deposit, that is located approximately 2km's along strike to the south east. Reconnaissance early stage air core drilling by the company since November 2016 has defined this gold mineralized trend hosted within sedimentary rocks over a 3,000m strike length. The geological sequence at Lucky Strike and the mineralization intersected is considered similar to the Lucky Bay gold deposit. This supports the company's view of the emergence of a combined 4.5km long gold mineralized structural trend from the Lucky Bay deposit to the northwest, along the Lucky Strike Trend, and coincident with the interpreted position of the Mt Monger Fault The results from the two earlier aircore drill campaigns returned encouraging near surface oxide gold intersections from the nominal 160m spaced drill sections including 11m at 3.53g/t Au from 60m to End of Hole (EoH) in LEFA136 and 10m at 4.60g/t from 24m to EoH in LEFA171. In August 2017 a precollared diamond drilling program consisting of 6 holes for a total of 362.5m of core drilling was completed to determine the geometry of the host rock and gold mineralization. The drilling evaluated three key sections spaced approximately 1,000m apart along the 3,000m gold mineralized trend defined from the earlier air core drilling campaigns. Drill hole LSRD006 returned significant multiple narrow high grade oxide gold intersections. The mineralized intervals correspond to a wide zone (approximately 25m down hole length) of highly oxidised Banded Iron Formation (BIF) and siltstone. Significant intersections from LSRD006 include 1.7m at 63g/t Au from 44.7m (Inc. 0.9m at 107g/t Au) and 0.3m at 10.3g/t Au from 46.6m. Lucky Strike is part of a group of gold targets identified by LEX within 5km's of the Randalls Processing Plant. These include the Red Dale prospect and the recently announced Capstan anomaly. These targets are a continued key focus for exploration and drilling by the company. To a focused program of angled RC drilling is further evaluate this new gold system underway to evaluate the strike extension to the multiple mineralized BIF units. This program will primarily focus on evaluation of the BIF units within 80m of the surface with nine holes ranging in depth between 50m to 100m and will total approximately 850m of drilling. Three holes on two 20m step out sections are planned to evaluate the immediate strike extension to the defined system and an additional three holes are planned as a 60m step out to the southeast to test the trend in a favourable geological setting defined from detailed ground magnetics. The drilling is expected to be completed by the end of January with assay results returned in late February.