33,650,000 Ordinary Shares of Industrial Minerals Ltd are subject to a Lock-Up Agreement Ending on 13-JUL-2023. These Ordinary Shares will be under lockup for 734 days starting from 9-JUL-2021 to 13-JUL-2023.

Details:
33,650,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 13 July 2023, being 24 months from the date of commencement of Official Quotation.

1,875,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 13 July 2022, being 12 months from the date of issue.

4,000,000 options exercisable at $0.30 on or before 30 June 2024, classified by ASX as restricted securities and to be held in escrow until 13 July 2023, being 24 months from the date of commencement of Official Quotation.

5,750,000 options exercisable at $0.30 on or before 23 March 2024, classified by ASX as restricted securities and to be held in escrow until 13 July 2023, being 24 months from the date of commencement of Official
Quotation.