Axelum Resources Corp. announced that at its organizational meeting of the board of directors held on July 26, 2023, the following were elected to the Committees: Executive Committee: Romeo I. Chan, Chairman; Henry J. Raperoga, Member; Jason Rosenblatt, Member; Ricardo C. Lopa, Jr, Member. Audit Committee: Laurito E. Serrano (Independent Director), Chairman; Rosemarie P. Rafael (Independent Director), Member; Raymundo N. Suarez (Independent Director), Member.

Corporate Governance And Nomination Committee: Laurito E. Serrano (Independent Director), Chairman; Rosemarie P. Rafael (Independent Director), Member; Raymundo N. Suarez (Independent Director), Member. Board Risk Oversight Committee: Rosemarie P. Rafael (Independent Director), Chairman; Raymundo N. Suarez (Independent Director), Member; Henry J. Raperoga, Member. Related Party Transaction Committee: Raymundo N. Suarez (Independent Director), Chairman; Rosemarie P. Rafael (Independent Director), Member; Romeo I. Chan, Member.