13 July 2018

Company Update - Federal Court Application

Further to previous announcements, Poseidon Nickel Limited (ASX:POS) (the Company) advises that at the conclusion of the hearing held on 12 July 2018, the matter was adjourned to 17 July 2018 at 4.00pm (WST).

At that hearing the Court is likely to deliver its reasons for decision and make final orders. The Company will confer with the Australian Securities and Investment Commission in relation to the final orders, in advance of that hearing.

The Company expects that the final orders will enable reinstatement of the Company's shares to normal trading.

The shares of the Company will remain suspended until after this hearing.

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 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

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

Shareholder Enquiries

Personal shareholding queries should be addressed to:Computershare Investor Services

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 6600 • F +618 6167 6649 •www.poseidon-nickel.com.au • ABN 60 060 525 206

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Disclaimer

Poseidon Nickel Limited published this content on 13 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 July 2018 23:24:06 UTC