2,457,000 Performance Rights of Black Mountain Energy Ltd are subject to a Lock-Up Agreement Ending on 21-DEC-2023. These Performance Rights will be under lockup for 737 days starting from 14-DEC-2021 to 21-DEC-2023.

Details:
200,000,000 fully paid ordinary shares classified by ASX as restricted securities and to be held in escrow until December 23, 2023, being 24 months from the date of Quotation.

17,095,531 options exercisable at $0.286 on or before 23 December 2025, classified by ASX as restricted securities and to be held in escrow until December 21, 2023, being 24 months from the date of Quotation.

2,457,000 performance rights with a nil exercise price on or before December 23, 2025, classified by ASX as restricted securities and to be held in escrow until 21 December 2023, being 24 months from the date of issue.