12,300,000 Options of Desert Metals Limited are subject to a Lock-Up Agreement Ending on 18-DEC-2022. These Options will be under lockup for 732 days starting from 16-DEC-2020 to 18-DEC-2022.

Details:
4,810,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 2 November 2021, being 12 months from the date of issue.

15,190,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 18 December 2022, being 24 months from the date of official quotation of securities.

7,000,000 Options exercisable at $0.30 on or before 30 October 2023, classified by ASX as restricted securities and to be held in escrow until 18 December 2022, being 24 months from the date of official quotation of securities.

1,650,000 Options exercisable at $0.30 and expiring 3 years from the date of admission, classified by ASX as restricted securities and to be held in escrow until 18 December 2022, being 24 months from the date of official quotation of securities.

900,000 Options exercisable at $0.30 on or before 30 October 2023, classified by ASX as restricted securities and to be held in escrow until 18 December 2022, being 24 months from the date of official quotation of securities.

2,750,000 Options exercisable at $0.30 on or before 30 October 2023, classified by ASX as restricted securities and to be held in escrow until 18 December 2022, being 24 months from the date of official quotation of securities.