285,000 Options of Element 29 Resources Inc. are subject to a Lock-Up Agreement Ending on 4-DEC-2023. These Options will be under lockup for 1096 days starting from 3-DEC-2020 to 4-DEC-2023.

All securities of an issuer owned or controlled by a Principal (as defined in NP 46-201) must be placed in escrow at the time the issuer distributes its securities or convertible securities to the public by prospectus pursuant to an initial public offering.