Ann: Axiom Mining Isabel Nickel Project Update, page-2

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Axiom Mining Limited (“Axiom” or “the Company ”) is in negotiations and discussions with third parties regarding potential involvement in the Isabel Nickel Project, Solomon Islands. Discussions are underway with debt and equity financiers and project level joint venture partners regarding funding and equity partnership at both the asset and group level. Concurrently, negotiations are occuring with nickel industry participants and mining services providers over mine development and operation, processing of ore and offtake agreements. Axiom is working to provide funding and strategic relationships to facilitate and expedite the development of the Isabel Nickel Project. Axiom’s title to the Isabel nickel deposit was recently upheld by the High Court of the Solomon Islands and Axiom is now undertaking drilling and evaluation with the aim of moving to production with in the next 12 – 18 months. The Company is in the process of appointing a defence adviser to ensure that interests of existing shareholders are protected .