9,350,001 Ordinary Shares of IRIS Metals Limited are subject to a Lock-Up Agreement Ending on 2-MAR-2022. These Ordinary Shares will be under lockup for 162 days starting from 21-SEP-2021 to 2-MAR-2022.

Details:
36,350,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until September 23, 2023, being 24 months from the date of Quotation.

9,350,001 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until March 2, 2022, being 12 months from the date of issue.

300,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until September 23, 2022, being 12 months from the date of issue.

3,750,000 options exercisable at AUD 0.30 on or before September 15, 2024, classified by ASX as restricted securities and to be held in escrow until September 23, 2023, being 24 months from the date of Quotation.