Mr. Lewis Black reports

ALMONTY (THE "COMPANY") ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS REPORT OF VOTING RESULTS

In accordance with Section 11.3 of National Instrument 51-102 -- Continuous Disclosure Obligations, the following is a report of the matters voted on at Almonty Industries Inc.'s annual general and special meeting of shareholders held on June 26, 2023.

(a) Number of directors

The resolution fixing the number of directors of the company at six was passed.

(b) Election of directors

The six nominees proposed as directors were elected to hold office until the next annual meeting of shareholders or until his successor is duly elected or appointed. The shares were voted as shown in the attached table.

(c) Appointment of auditor

The resolution in respect of the reappointment of Zeifmans LLP, chartered professional accounts, as auditor of the company, and authorizing the directors to fix their remuneration, was passed.

(d) Approval of amendment of warrant

The resolution in respect of the approval of the amendment of warrants, as more particularly described in the management information circular filed on SEDAR on May 26, 2023, was passed as a disinterested resolution. As such, 56,462,485 votes were not included in the votes.