4,200,000 Options of QMines Limited are subject to a Lock-Up Agreement Ending on 6-MAY-2023. These Options will be under lockup for 732 days starting from 4-MAY-2021 to 6-MAY-2023.

Details:
The shares issued to and held by the founders, Directors and promoters will be subject to ASX-imposed escrow for up to 24 months from the date of Official Quotation, a portion of Shares issued to unrelated seed capitalist Shareholders will be subject to ASX-imposed escrow for up to 12 months from the date of issue of the Shares, Shares issued to Traprock Mining in consideration for the acquisition of Traprock Resources (which holds the Projects) will be subject to ASX-imposed escrow for 12 months from the date of issue of the Shares; Shares issued to Orefox AI in consideration for the acquisition of Rocky Copper (which holds tenements at the Mt Chalmers Project) will be subject to voluntary escrow for 12 months from the date of Official Quotation; Shares issued to Kerr Allan Financial Pty Ltd (ACN 127 843 627) (Kerr Allan) as consideration for pre-IPO seed capital raising and corporate advisory services will be subject to ASX-imposed escrow for up to 24 months from the date of Official Quotation; Options issued to Kerr Allan under an engagement agreement in relation to a pre-IPO seed capital raising and corporate advisory services will be subject to ASX-imposed escrow for up to 24 months from the date of Official Quotation; and Options issued to the Lead Manager pursuant to the Offer Management Agreement will be subject to ASX-imposed escrow for up to 24 months from the date of Official Quotation.