Axiom Mining Limited

ARBN 119 698 770

6/76 Doggett Street Newstead QLD 4006

Australia

T + 61 7 3319 4100

contact@axiom-mining.com www.axiom-mining.com

ASX Announcement

Isabel Nickel Project Phase 2 drilling update

Highlights

• Phase 2 of resource definition drilling continues.

• Key highlights from the latest drilling results include:

  • 13.6m @ 1.62% Ni from surface including 9.0m @ 1.93% Ni from 3.0m

  • 12.0m @ 1.47% Ni from 4.0m including 7.4m @ 1.87% Ni from 7.6m

    - 15.0m @ 1.55% Ni from 1.0m including 10.0m @ 1.84% Ni from 4.0m

  • 11.0m @ 1.92% Ni from surface including 8.0m @ 2.22% Ni from 2.0m

  • 11.0m @ 1.42% Ni from 1.0m including 4.3m @ 1.92% Ni from 6.7m

  • 12.0m @ 1.48% Ni from surface including 7.0m @ 1.78% Ni from 4.0m.

3 December 2015

Axiom Mining Limited ('Axiom') is pleased to announce further drilling results from Phase 2 of its resource definition drilling program on the Isabel Nickel Project in Solomon Islands.

The drilling program has further tested and found new areas to contain similar high grade laterite nickel mineralisation. The known high grade laterite at Kolosori Area is extended northward.

These results further progress Axiom's aim to upgrade its Maiden JORC Resource Estimate initially released on 30 September 2015.

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Figure 1 New drilling highlights at Suma prospect area

ASX Announcement

3 December 2015

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Figure 2 New drilling highlights at Kolosori and Suma prospect areas

Figure 3 New drilling highlights at Kolosori and Havihua prospect areas

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