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)

Dec 11, 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	3,928,179,000

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 4-30 - Material Information/Transactions References: SRC Rule 17 (SEC Form 17-C) and
Sections 4.1 and 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Compensation policy for directors
Background/Description of the Disclosure
The Board of Directors of Axelum Resources Corp. approved today the following compensation policy for directors of the Company: 1) A fixed monthly allowance in the initial amount of Php120,000 plus an additional month in December for a total of 13 months, which monthly allowance may be increased at the discretion of the Chairman of the Board depending on the performance of the Company in the succeeding years; and 2) The amount of Php50,000 as per diem for attendance at board meetings, with a maximum total amount of Php300,000 to be given as per diem for each director. The Board likewise approved an additional compensation of up to 2% of the net income before tax of the Company which shall be apportioned and distributed to the directors in such manner as determined at the discretion of the Chairman of the Board.
Other Relevant Information
n/a