270,000 Common Shares of UrbanGold Minerals Inc. are subject to a Lock-Up Agreement Ending on 31-DEC-2020. These Common Shares will be under lockup for 734 days starting from 28-DEC-2018 to 31-DEC-2020.

Details:
A total of 1,300,000 shares will be under lock-up. The Escrow Agreement provides that 10% of the Escrowed Securities will be released from escrow upon the date that the common shares are listed on the TSXV, and that an additional 15% will be released therefrom every 6 month interval thereafter, over a period of 36 months.