18,260,000 Options of Armada Metals Limited are subject to a Lock-Up Agreement Ending on 15-DEC-2023. These Options will be under lockup for 732 days starting from 13-DEC-2021 to 15-DEC-2023.

Details:
35,431,932 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 15 December 2023, being 24 months from the date of Quotation.

18,568,068 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 11 October 2022, being 12 months from the date of issue.

13,060,000 options exercisable at AUD0.334 on or before 15 December 2026, classified by ASX as restricted securities and to be held in escrow until 15 December 2023, being 24 months from the date of Quotation.

5,200,000 options exercisable at AUD0.25 on or before 15 January 2023 classified by ASX as restricted securities and to be held in escrow until 15 December 2023, being 24 months from the date of Quotation.

3,330,000 options exercisable at AUD0.334 on or before 15 December 2026, classified by ASX as restricted securities and to be held in escrow until 11 October 2022, being 12 months from the date of issue.