3,750,000 Options of Cannon Resources Limited are subject to a Lock-Up Agreement Ending on 12-AUG-2023. These Options will be under lockup for 732 days starting from 10-AUG-2021 to 12-AUG-2023.

Details:
8,553,130 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 12 August 2023, being 24 months from the date of commencement of Official Quotation.

3,750,000 options exercisable at $0.30 on or before 30 June 2024, classified by ASX as restricted securities and to be held in escrow until 12 August 2023, being 24 months from the date of commencement of Official Quotation.