Mr. Gregg Ruhl reports

ALGOMA CENTRAL CORPORATION ANNOUNCES RESULTS OF 2026 ANNUAL GENERAL MEETING OF SHAREHOLDERS

Algoma Central Corp. held its annual general meeting of shareholders on May 7, 2026. The matters set out in this news release were voted upon at the meeting and are described in greater detail in the company's management information circular dated March 6, 2026, available on the company's website and on SEDAR+.

Election of directors

All nominees listed in the management information circular were elected as directors until the next annual general meeting of shareholders, with the support of 77.54 per cent of shares voted.

Appointment of auditor

Professional accounting firm Deloitte LLP was appointed as the independent auditor of the company.

About Algoma Central Corp.

Algoma Central is a global provider of marine transportation, owning and operating dry and liquid bulk carriers that serve critical industries throughout the Great Lakes-St. Lawrence region and internationally. Focused on delivering exceptional customer service, utilizing fuel efficient vessels and advancing innovative technologies, Algoma drives productivity while contributing to economic growth, strengthening communities and supporting its people. Algoma truly is Your Marine Carrier of Choice.