SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Feb 15, 2023

2. SEC Identification Number

CS201013282

3. BIR Tax Identification No.

007-851-927-000

4. Exact name of issuer as specified in its charter

AXELUM RESOURCES CORP.

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

ICS Bldg. Tiano-Montalvan Sts., Cagayan de Oro City Postal Code 9000

8. Issuer's telephone number, including area code

0288510715

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	3,798,405,500

11. Indicate the item numbers reported herein

9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Axelum Resources Corp.AXLM

PSE Disclosure Form 4-3 - Amendments to Articles of Incorporation References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Amendments of Articles of Incorporation
Background/Description of the Disclosure
Amendment of the Articles of Incorporation consisting of increase in directors, change in authorized capital stock, and change in features of the redeemable preferred shares.

Date of Approval by Board of Directors	Feb 15, 2023
Date of Approval by Stockholders	TBA
Other Relevant Regulatory Agency, if applicable	NA
Date of Approval by Relevant Regulatory Agency, if applicable	N/A
Date of Approval by Securities and Exchange Commission	TBA
Date of Receipt of SEC approval	TBA

Amendment(s)

Article No.	From	To
Please see attached	Please see attached	Please see attached

Rationale for the amendment(s)
The amendments are being undertaken as part of the requirements of the transactions with Metro Pacific Agro Ventures, Inc. as previously disclosed to the Exchange.

The timetable for the effectivity of the amendment(s)

Expected date of filing the amendments to the Articles of Incorporation with the SEC	TBA
Expected date of SEC approval of the Amended Articles of Incorporation	TBA

Effect(s) of the amendment(s) to the business, operations and/or capital structure of the Issuer, if any
1. The increase in number of directors will result in a more diverse composition of the board and allow the Company to benefit from the expertise of the additional 2 directors. 2. The unissued capital stock as a result of the amendment to the capital structure will provide the Company flexibility in connection with fund-raising activities as it can now issue common shares of stock without having to increase its authorized capital. 3. There are no issued and outstanding RPS so the amendments to the features of the RPS will not affect anyone.
Other Relevant Information
The proposed amendments will be submitted for approval of the stockholders by way of their written assent. The Company shall make the appropriate disclosure as soon as the details of the proposed written assent have been finalized.