8,850,000 Options of Falcon Metals Limited are subject to a Lock-Up Agreement Ending on 22-DEC-2023. These Options will be under lockup for 745 days starting from 7-DEC-2021 to 22-DEC-2023.

Details:
2,212,500 options exercisable at AUD0.75 on or before 15 December 2024 with a vesting date of 20 June 2023, classified by ASX as restricted securities and to be held in escrow until 22 December 2023, being 24 months from the date of Quotation. 2,212,500 options exercisable at AUD0.75 on or before 15 December 2024 with a vesting date of 20 December 2023, classified by ASX as restricted securities and to be held in escrow until 22 December 2023, being 24 months from the date of Quotation. 2,212,500 options exercisable at AUD0.75 on or before 15 December 2025 with a vesting date of 20 June 2023, classified by ASX as restricted securities and to be held in escrow until 22 December 2023, being 24 months from the date of Quotation. 2,212,500 options exercisable at AUD0.75 on or before 15 December 2025 with a vesting date of 20 December 2024, classified by ASX as restricted securities and to be held in escrow until 22 December 2023, being 24 months from the date of Quotation.