1,300,000 Ordinary Shares of Terra Uranium Limited are subject to a Lock-Up Agreement Ending on 2-SEP-2023. These Ordinary Shares will be under lockup for 361 days starting from 6-SEP-2022 to 2-SEP-2023.

Details:
As a condition of admitting the Company to the Official List, the ASX may classify certain Securities in the Company as restricted securities in accordance with the ASX Listing Rules, which will be subject to some form of restriction arrangement for up to 24 months. Any such classification will restrict the transfer of effective ownership or control of any restricted securities without the written consent of the ASX and for such period as the ASX may determine.

The number of Securities that are subject to ASX mandatory escrow is at ASX?s discretion in accordance with the ASX Listing Rules and underlying policy. While the ASX has not yet confirmed the final escrow position applicable to the Securities, the Company anticipates that 9,962,500 Shares and 6,000,000 Options will be classified by ASX as restricted securities and subject to escrow.