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Hi @sadieladie !
There are no Unlimited Lives in the Master trophy.
The rewards that you can win and that are valid for the next Episode in the game are:
The first stage, Bronze, you get 10% more points on every level.
Second stage, Silver, Lives reload every 25 min instead of 30 min.
Third stage, Gold, You get 6 Lives as the maximum in the game.
Fourth and last stage, Diamond, 1 Extra Move on every level you play.