36,350,000 Ordinary Shares of IRIS Metals Limited are subject to a Lock-Up Agreement Ending on 21-SEP-2023. These Ordinary Shares will be under lockup for 94 days starting from 19-JUN-2023 to 21-SEP-2023.

Details:
5,500,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 21 June 2025, being 24 months from the date of reinstatement to quotation.

36,350,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 23 September 2023, being 24 months from the date of initial quotation of IR1?s securities.

12,000,000 performance rights, classified by ASX as restricted securities and to be held in escrow until 21 June 2025, being 24 months from the date of reinstatement to quotation.

4,000,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until 14 June 2024, being 12 months from the date of issue. 2,500,000 options exercisable at $1.50 on or before 14 June 2026, classified by ASX as restricted securities and to be held in escrow until 21 June 2025, being 24 months from the date of reinstatement to quotation.

750,000 options exercisable at $1.50 on or before 14 June 2025, classified by ASX as restricted securities and to be held in escrow until 21 June 2025, being 24 months from the date of reinstatement to quotation.

1,500,000 options exercisable at $0.40 on or before 31 July 2025, classified by ASX as restricted securities and to be held in escrow until 21 June 2025, being 24 months from the date of reinstatement to quotation.

3,750,000 options exercisable at $0.30 on or before 15 September 2024, classified by ASX as restricted securities and to be held in escrow until 23 September 2023, being 24 months from the date of initial quotation of IR1?s securities.