67,500 Common Shares of Demesne Resources Ltd. are subject to a Lock-Up Agreement Ending on 5-MAY-2024. These Common Shares will be under lockup for 368 days starting from 3-MAY-2023 to 5-MAY-2024.

Details:
Section 3.5 of National Policy 46-201 Escrow for Initial Public Offerings (?NP 46-201?) provides that all shares of a company owned or controlled by a Principal (as defined in NP 46-201) will be subject to escrow at the time of the company?s initial public offering, unless the shares held by the Principal or issuable to the Principal upon conversion of convertible securities held by the Principal collectively represent less than 1% of the total issued and outstanding shares of such company after giving effect to the initial public offering.