8,662,500 Options of Lycaon Resources Limited are subject to a Lock-Up Agreement Ending on 17-NOV-2023. These Options will be under lockup for 732 days starting from 15-NOV-2021 to 17-NOV-2023.

Details:
3,987,501 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until November 17, 2023, being 24 months from the date of Quotation.

1,125,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until February 23, 2022, being 12 months from the date of issue.

1,387,500 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until March 25, 2022, being 12 months from the date of issue.

1,000,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until November 10, 2022, being 12 months from the date of issue.

8,662,500 options exercisable at AUD 0.30 on or before February 23, 2025, classified by ASX as restricted securities and to be held in escrow until November 17, 2023, being 24 months from the date of Quotation.

1,250,000 options exercisable at AUD 0.30 on or before February 23, 2025, classified by ASX as restricted securities and to be held in escrow until February 23, 2022, being 12 months from the date of issue.

1,387,500 options exercisable at AUD0.30 on or before February 23, 2025, classified by ASX as restricted securities and to be held in escrow until March 25, 2022, being 12 months from the date of issue.