The expiration date is extended.
What happens to my ordinance reservation during the COVID-19 outbreak?
Due to the outbreak of COVID-19 and temple closures, FamilySearch is temporarily suspending all temple ordinance expiration dates until the temples reopen.
More details can found in this document. https://www.familysearch.org/help/helpcenter/article/what-happens-to-my-ordinance-reservation-during-the-covid-19-outbreak
If there is a problem with the link, you can find this information by clicking on the question mark in the circle at the top of this page or any page in Familysearch.org and typing Covid into the Search box.
Short Answer: 'No', they will be extended.
Here is a recent "Knowledge Article" in "FamilySearch" on the matter:
Information for (Church) Members
Due to the outbreak of COVID-19 and temple closures, the expiration dates for reserved temple ordinances have been adjusted:
• Reservations for temple ordinances will not expire while temples are closed.
• An expiration date less than 90 days in the future will be extended to 90 days. Once temples reopen, the person holding the reservation will have 90 days to complete the ordinance.
• An expiration date that is scheduled more than 90 days in the future will be automatically rescheduled, day by day, until temples reopen. This means that if a particular reservation expires in 100 days, the 100-day period won’t begin until temples reopen.
I hope this good news helps.
@All Temple & Family History Consultants Good information to note!