1,000,000 Ordinary Shares of Bubalus Resources Limited are subject to a Lock-Up Agreement Ending on 7-OCT-2023. These Ordinary Shares will be under lockup for 361 days starting from 11-OCT-2022 to 7-OCT-2023.

Details:
4,190,575 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 13 October 2024, being 24 months from the date of Quotation.

1,425,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 1 March 2023, being 12 months from the date of issue.

1,000,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 7 October 2023, being 12 months from the date of issue.

11,136,750 options exercisable at $0.40 on or before 11 October 2026, classified by ASX as restricted securities and to be held in escrow until 13 October 2024, being 24 months from the date of Quotation.

1,425,000 options exercisable at $0.40 on or before 11 October 2026, classified by ASX as restricted securities and to be held in escrow until 1 March 2023, being 12 months from the date of issue.