23 July 2018

Poseidon Nickel Appoints CEO

Poseidon Nickel Limited (ASX:POS or the Company) is pleased to announce the appointment of Mr Robert Dennis as CEO and Managing Director with effect from 1 August 2018.

Rob is currently a Non-Executive Director of the Company and was formerly the Chief Operating Officer before leaving in 2014 to take up the role of Chief Operating Officer at Independence Group NL (ASX: IGO). In that role, Rob oversaw the development and successful commissioning of IGO'S Nova Nickel Copper Project in the Fraser Range.

Rob is a mining engineer with extensive experience in nickel mines and process plants and is well known in the industry. He was previously the Underground Manager for the Windarra mine when it was operated by Western Mining Corporation (WMC) and had involvement with the Lake Johnston operations with Lionore.

The Company believes Rob's extensive experience in the development and commissioning of mining projects makes him ideally suited to the next phase of Poseidon's development as we seek to take advantage of rising Nickel prices, by commissioning the Black Swan and Silver Swan mines and processing plant.

The material terms of Rob's employment contract are attached.

I would like to thank Michael Rodriguez who assisted me in covering various duties in the absence of a CEO during the downturn in the nickel price.

Chris Indermaur

Chairman

CORPORATE DIRECTORY

Director / Senior Management

Chris Indermaur David Singleton Geoff Brayshaw Robert Dennis Eryn Kestel

Non-Executive Chairman Non-Executive Director Non-Executive Director Non-Executive Director Company Secretary

Corporate & Media Enquiries

T: +61 8 6167 6600

F: +61 8 6167 6649

E:admin@poseidon-nickel.com.au

Principal & Registered Office

Unit 8, Churchill Court331-335 Hay Street

SUBIACO WA 6008

T: +61 8 6167 6600

F: +61 8 6167 6649

Shareholder Enquiries

Personal shareholding queries should be addressed to:Computershare Investor Services

GPO Box D182, Perth WA 6840

T: +61 8 9323 2000

Home Exchange

The Company's shares are listed on the Australian Securities Exchange and the home exchange is Perth. ASX code : POS

POSEIDON NICKEL LIMITED Unit 8 Churchill Court 331-335 Hay Street Subiaco WA 6008

PO Box 190 West Perth WA 6872 T +618 6167 6600 F +618 6167 6649www.poseidon-nickel.com.au ABN 60 060 525 206

Page 2

Appointment of Mr Robert Dennis as Chief Executive Officer

Contract Material Terms:

Employee:

Commencement Date:

1 August 2018

Base Remuneration:

$485,000 p.a.

Bonus available:

0 to 50% of Base salary

Notice Period:

3 months

Mr Robert Dennis

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Poseidon Nickel Limited published this content on 23 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 July 2018 23:37:02 UTC