128,160 Common Shares of International Battery Metals Ltd. are subject to a Lock-Up Agreement Ending on 29-JAN-2013. These Common Shares will be under lockup for 90 days starting from 31-OCT-2012 to 29-JAN-2013.

Details:
285,000 Common Shares are subject to lock-up pursuant to which 15% of shares will be subjeced to resale restrictions over a period of 36 months following listing.

512,640 shares will be subject to and released from resale restrictions over a period of four months following the listing.