12th June 2018

Company Update - Federal Court Application

Further to previous announcements, Poseidon Nickel Limited (ASX:POS) (the Company) advises that the hearing held on 8 June 2018 was adjourned until 27 June 2018 at 10.15am (WST). The Federal Court adjourned the hearing as it requested further evidence from the Company.

The Company is continuing to work with its legal advisers to resolve this matter as soon as possible and will continue to keep shareholders updated on further developments as they occur.

For and on behalf of the Board of Poseidon Nickel Limited.

Eryn Kestel

Company Secretary

CORPORATE DIRECTORY

Director / Senior Management

Chris Indermaur David Singleton Geoff Brayshaw Robert Dennis Eryn KestelNon-Executive Chairman Non-Executive Director Non-Executive Director Non-Executive Director Company Secretary

Home Exchange

Principal & Registered Office

Unit 8, Churchill Court331-335 Hay Street

SUBIACO WA 6008

T: +61 8 6167 6600

F: +61 8 6167 6649

Corporate & Media EnquiriesShareholder Enquiries

T: +61 8 6167 6600

F: +61 8 6167 6649

Personal shareholding queries should be addressed to:Computershare Investor Services

E:admin@poseidon-nickel.com.au

GPO Box D182, Perth WA 6840

T: +61 8 9323 2000

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 6660 • F +618 6167 6649 •www.poseidon-nickel.com.au • ABN 60 060 525 206

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Poseidon Nickel Limited published this content on 12 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 June 2018 01:22:01 UTC