69,000 Common Stock of Xcite Resources Inc. are subject to a Lock-Up Agreement Ending on 23-AUG-2023. These Common Stock will be under lockup for 182 days starting from 22-FEB-2023 to 23-AUG-2023.

Details:
Securities deposited with the Trustee, 10% will be released to the Escrow Shareholders on the date the Common Shares are listed on the CSE (the ?First Release Date?), and an additional 15% will be released to the Escrow Shareholders on each of the dates that are 6, 12, 18, 24, 30 and 36 months after the First Release Date, or at any time prior thereto with the consent of the applicable regulatory authorities.