442,500 Stock Options of Ridgeline Minerals Corp. are subject to a Lock-Up Agreement Ending on 17-FEB-2023. These Stock Options will be under lockup for 918 days starting from 13-AUG-2020 to 17-FEB-2023.

Details:
The Company has entered into voluntary pooling agreements with various shareholders holding an aggregate of 14,234,551 Shares issued at CAD 0.12 per Share and Lewis Teal, a director of the Company who purchased his 136,000 Shares at an issue price of CAD 0.22 per share, the Voluntary Pooling Agreements restrict trading of the $0.12 Shares and the Shares held by Mr. Teal for a period of up to 6 months from the Listing Date.

14,398,785 Shares are subject to the seed share resale restrictions, which Shares are subject to a 4 month hold with 20% of such Shares being released on the Listing Date and 20% of such Shares being released each month following the Listing Date.

Pursuant to the terms of the Escrow Agreement, for a period of three years from the date on which the Shares are listed for trading on the TSXV, the Escrow Holders have agreed not to transfer or otherwise dispose of securities of the Company, subject to Automatic Timed Release.