The Board of Directors of Axelum Resources Corp. during its special meeting dated December 22, 2023, approved the election of Manuel V. Pangilinan, to serve as regular Director of the company, as endorsed by its Nomination Committee. Effective date is December 22, 2023.

Mr. Pangilinan is the Chairman and President of Metro Pacific Investments Corporation. In 1981, he founded First Pacific in the Philippines and currently serves as its Managing Director and Chief Executive Officer. Mr. Pangilinan also serves as the Chairman and Chief Executive Officer of Manila Electric Company (Meralco), and Chairman of PLDT Inc. and Smart Communications Inc., Maynilad Water Services Inc., Metro Pacific Tollways Corporation, and NLEX Corporation, among others.