40,450,000 Options of Evolution Energy Minerals Limited are subject to a Lock-Up Agreement Ending on 16-NOV-2023. These Options will be under lockup for 734 days starting from 12-NOV-2021 to 16-NOV-2023.

Details:
Subject to the Company being admitted to the Official List and completion of the Offers, certain Securities on issue will be classified by ASX as restricted securities and will be required to be held in escrow for up to 24 months from the date of Official Quotation. In addition, Cornerstone Investor for a period of 12 months from the date of issue of those New Shares and Cornerstone Options.

51,875,000 fully paid Ordinary Shares classified by ASX as restricted securities and to be held in escrow until November 16, 2023, being 24 months from the date of Quotation.

20,000,000 Options exercisable at AUD0.25 on or before November 8, 2024 and 20,450,000 Options exercisable at AUD0.25 on or before November 9, 2024 classified by ASX as restricted securities and to be held in escrow until November 16, 2023, being 24 months from the date of Quotation.