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Almonty Industries Inc.

Innovation & Integrity in Tungsten

Global Conflict-Free Tungsten

Placement of Common Share Units and CDI’s raises C$500,000, US$733,333 and A$550,000

Toronto – October 6, 2023, – Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) is pleased to announce that the Company has received firm commitments to raise gross proceeds of C$500,000, US$733,333 and A$550,000 via the issuance of 3,333,333 Placement Units and 1,078,433 million Placement Chess Depository Interests Units (“CDIs“) at C$0.45 per Placement Unit, US$0.33 per Placement Unit and A0.51 per CDI Unit (“Placement“).

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Significant Maiden Molybdenum Resource Defined Adjacent To The Tungsten Orebody At Sangdong Mine In South Korea

Toronto – July 18, 2022, – Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) is pleased to announce a maiden JORC 2012-compliant Inferred Mineral Resource Estimate (MRE) of 21.48Mt @ 0.26% MoS2 at the 0.19% MoS2 reporting cut-off for the Almonty Korea Moly Project (AKM Project), which is located on the existing Sangdong Tungsten Mine, which is currently under construction in South Korea.

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Almonty Industries: Redefining Global Tungsten Mining

Almonty holds a distinctive position in the tungsten market, supported by its established global projects network and track record of consistently positive economic performance.

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