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)

Oct 16, 2020

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

02-88510715

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	3,938,352,000

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 9-1 - Share Buy-Back Transactions References: Section 9 of the Revised Disclosure Rules

Subject of the Disclosure
Buy-Back of Shares
Background/Description of the Disclosure
Pursuant to the Corporation's buy-back program approved by the Board on 11 March 2020, which was extended on 22September 2020, the Corporation purchased from the open market a total of 100,000 common shares at the average price of Php 2.8600 per share.

Type of Securities

• Common
• PreferredN/A
• OthersN/A

Details of Share Buy-Back Transaction(s)

Date of Transaction	Number of Shares Purchased	Price Per Share
Oct 16, 2020	100,000	2.86
	100,000

Effects on Number of Shares

	Before	After
Outstanding Shares	3,938,352,000	3,938,252,000
Treasury Shares	61,648,000	61,748,000

Cumulative Number of Shares Purchased to Date 1	61,748,000
Total Amount Appropriated for the Buy-Back Program	Php 500,000,000
Total Amount of Shares Repurchased	Php 154,527,829

Other Relevant Information
The total amount of shares repurchased includes other incidental costs.

¹ From the date when the share buy-back program commenced.