Procedures and Requirements for Voting and Participation in the 2023 Annual Stockholders’ Meeting

Pursuant to Sections 23 and 57 of the Revised Corporation Code, SEC Memorandum Circular No. 06,

Series of 2020, and the Company’s Amended By-Laws allowing voting through remote communication or in absentia, AXELUM RESOURCES CORP. (the “Company”) will dispense with the physical attendance of its stockholders for the 2023 Annual Stockholders’ Meeting (ASM). Instead, the Company will conduct the 2023 ASM scheduled on July 26, 2023 at 9:00 AM by remote communication and will conduct electronic voting in absentia. Only stockholders of record as of 07 June 2023 are entitled to participate and vote in the 2023 ASM.

The Company has adopted the following procedures and requirements to enable its stockholders to participate and vote in the 2023 ASM:

I. ONLINE REGISTRATION STEPS AND REQUIREMENTS

A. Stockholders may register from 9:00 AM of 30 June 2023 until 5:00 PM of 14 July 2023 to signify

his/her/its intention to participate in the 2023 ASM by remote communication. The registration steps and requirements are available at the Company’s website: www.axelum.ph.

B. To register, stockholders shall submit the following requirements to the Office of the Corporate Secretary via email at [email protected]

B. 1 For Stockholders under PCD Participant/Brokers Account or holding ‘Scripless Shares’

Stockholders should coordinate with their broker on how they can register and participate in the meeting and submit the following:

(i) Broker’s Certification on the stockholder’s number of shareholdings and the designation as sub-proxy;

(ii) Valid email address and active contact number of the stockholder;

(iii) Scanned copy of valid government-issued identification card of stockholder; and

(iv) Recent photo of stockholder.

B.2 For Individual Stockholders

(i) Scanned copy of stock certificate issued in the name of the individual stockholder;

(ii) Valid email address and active contact number;

(iii) Scanned copy of valid government-issued identification card; and

(iv) If the ID submitted has no picture, submit a recent photo of stockholder.

B.3 For Stockholders with Joint Accounts

(i) Authorization letter signed by all stockholders indicating the name of the person authorized to cast the votes;

(ii) Scanned copy of stock certificate issued in the name of the joint stockholders;

(iii) Valid email address and active contact number of the authorized stockholder;

(iv) Scanned copy of valid government-issued identification card of the authorized stockholder; and

(v) If the ID submitted has no picture, submit a recent photo of stockholder.

B.4 For Corporate Stockholders

(i) Secretary’s Certificate attesting to the authority of the representative to vote the shares on behalf of

the corporate stockholder;

(ii) Scanned copy of stock certificate issued in the name of the corporate stockholder;

(iii) Valid email address and active contact number of authorized representative; and

(iv) Valid government-issued identification card of authorized representative.

C. The documents submitted will then be verified by the Office of the Corporate Secretary. The validation process will be completed by the Company no later than three (3) business days from the stockholder’s receipt of an email from the Company acknowledging receipt of the stockholder’s registration documents. Once validated, the stockholder will receive an email that his/her/its account has been verified and shall provide instructions for the stockholder’s access to the Company’s electronic voting and to access the ASM livestreaming link.