Poseidon Nickel : Appendix 3X Mr Peter Harold

Corporate Directory

ASX Code: POS

Shares on Issue: 2,638M

Market Cap: ≈$74M

Cash & equivalents at 31 Dec 2019

$51.6M

Board of Directors

Non-Executive Chairman

Derek La Ferla

Managing Director & CEO

Peter Harold

Non-Executive Directors

Felicity Gooding

Karl Paganin

Geoffrey Brayshaw

CFO & Joint Company Secretary

Brendan Shalders

Joint Company Secretary

Andrea Betti

Key Shareholders

Black Mountain Metals: 19.8%

Squadron Resources: 17.1%

Key Operating Nickel Assets (100%)

Black Swan/Silver Swan

Lake Johnston

Windarra

Principal & Registered Office

Unit 8 Churchill Court

331-335 Hay Street

Subiaco 6008

Western Australia

1. 1. [phone]
   1. [phone]
2. [e-mail]

1. www.poseidon-nickel.com.au

3 March 2020

Peter Harold commences as Managing Director and CEO

Poseidon Nickel Limited (Poseidon or the Company) (ASX:POS) is pleased to announce that Mr Peter Harold has today commenced in his role of Managing Director and Chief Executive Officer of Poseidon as advised to ASX on 22 November 2019.

Peter brings a high level of corporate and operation experience and is highly regarded in the Australian resources sector, particularly the Nickel sector. He brings extensive experience in mining project feasibility studies, financing, mine development operations and marketing.

"Peter's extensive nickel industry experience is a valued addition to our strengthened Board and Management team, and the Board joins me in welcoming him to the Board and Company" said Non-Executive Chairman, Derek La Ferla.

The material terms of Peter Harold's engagement as Managing Director and CEO are detailed in the ASX announcement as released to the market on 22 November 2019.

An Appendix 3x - Initial Director's Interest Notice for Peter Harold is attached.

For further information please contact: Peter Harold, Managing Director and CEO [phone]

This announcement was authorised for lodgement by Derek La Ferla, Non-Executive Chairman of Poseidon Nickel Limited

Appendix 3X

Initial Director's Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director's Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 30/9/2001.

Name of entity: Poseidon Nickel Limited

ABN:	60 060 525 206

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Peter John Harold
Date of appointment	3 March 2020

Part 1 - Director's relevant interests in securities of which the director is the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of "notifiable interest of a director" should be disclosed in this part.

Number & class of securities

Nil

+ See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 1

Appendix 3X

Initial Director's Interest Notice

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest

Number & class of Securities

Note: Provide details of the circumstances giving rise to the relevant interest.

Nil

Part 3 - Director's interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of "notifiable interest of a director" should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder	N/A
(if issued securities)
No. and class of securities to which	N/A
interest relates

+ See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002