60,000,000 Options of Ragnar Metals Limited are subject to a Lock-Up Agreement Ending on 27-MAY-2023. These Options will be under lockup for 732 days starting from 25-MAY-2021 to 27-MAY-2023.

Details:
60,000,000 Options exercisable at AUD 0.04 expiring on May 19, 2023 to be held in escrow until May 27, 2023, being 24 months from the date of reinstatement of trading in RAG's securities.

6,500,000 ordinary shares classified by ASX as restricted securities and to be held in escrow until May 19, 2022, being 12 months from the date of issue.

4,000,000 Options exercisable at $0.04 expiring on May 19, 2023 classified by ASX as restricted securities and to be held in escrow until May 19, 2022, being 12 months from the date of issue.