4,925,000 Ordinary Shares of DeSoto Resources Limited are subject to a Lock-Up Agreement Ending on 3-MAY-2023. These Ordinary Shares will be under lockup for 140 days starting from 14-DEC-2022 to 3-MAY-2023.

Details:
29,023,500 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 16 December 2024, being 24 months from the date of Quotation.

33,975,000 options exercisable at $0.25 each on or before 1 April 2027, classified by ASX as restricted securities and to be held in escrow until 16 December 2024, being 24 months from the date of Quotation.

1,600,000 options exercisable at $0.25 each on or before 1 December 2027, classified by ASX as restricted securities and to be held in escrow until 16 December 2024, being 24 months from the date of Quotation.

2,750,000 performance rights, classified by ASX as restricted securities and to be held in escrow until 16 December 2024, being 24 months from the date of issue.

4,925,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 3 May 2023, being 12 months from the date of Issue.