337,500 Common Shares of Corcel Exploration Inc. are subject to a Lock-Up Agreement Ending on 3-DEC-2023. These Common Shares will be under lockup for 731 days starting from 2-DEC-2021 to 3-DEC-2023.

Details:
The 2,500,000 securities of the Corporation will be subject to the terms of a Form 46-201F1 escrow agreement among the Corporation, Odyssey Trust Company (the ?Escrow Agent?), and the Escrowed Holders (the ?Escrow Agreement?). The Escrow Agreement provides that 10% of the escrowed securities will be released from escrow upon the Listing Date and that an additional 15% will be released therefrom every 6-month interval thereafter, over a period of 36 months.