3,500,000 Options of Balkan Mining and Minerals Limited are subject to a Lock-Up Agreement Ending on 14-JUL-2023. These Options will be under lockup for 732 days starting from 12-JUL-2021 to 14-JUL-2023.

Details:
12,500,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 14 July 2023, being 24 months from the date of commencement of Official Quotation. 3,500,000 options exercisable at $0.50 on or before 6 July 2024, classified by ASX as restricted securities and to be held in escrow until 14 July 2023, being 24 months from the date of commencement of Official Quotation. 2,400,000 performance rights classified by ASX as restricted securities and to be held in escrow until 14 July 2023, being 24 months from the date of commencement of Official Quotation.