Mr. Lewis Black reports

ALMONTY APPOINTS VETERAN FINANCIAL EXECUTIVE GUILLAUME WIESENBACH DE LAMAZIERE, CFA AS CHIEF DEVELOPMENT OFFICER

Almonty Industries Inc. has appointed Guillaume Wiesenbach de Lamaziere, CFA, as chief development officer to spearhead key corporate development strategy and execution.

Mr. Wiesenbach de Lamaziere is a seasoned financial and capital markets executive with over 30 years of experience leading complex and large-scale, cross-border projects in banking and asset management. As CEO (chief executive officer) and COO/CFO (chief operating officer/chief financial officer) of AIG Asset Management Europe Ltd., London, he successfully led the global-wide project of consolidating the management of assets of the largest AIG insurance companies located in 40-plus countries with over $37-billion AUM (assets under management) and upgraded control and risk functions. As CEO and COO/CFO of Banque AIG, Paris, he led the orderly delicensing of Banque AIG in less than four years, reducing the portfolio of toxic assets, mainly derivatives and structured products, from $300-billion to $1-billion at no loss to AIG, and returning over $2-billion of capital to the parent company.

Previously, he held financial management roles at Natixis Capital Markets, Goldman Sachs and Arthur Andersen. He holds an MBA from Texas A&M University and finance degree from Burgundy School of Business, France, Graduate School of Management, and is a chartered financial analyst.

"With active mining operations now beginning at our Sangdong tungsten mine, we are privileged to welcome Guillaume and his wealth of experience with some of the largest global financial companies," said Lewis Black, chairman and chief executive officer of Almonty. "His combined experience as a senior financial executive across CEO, CFO and COO roles positions him to provide strong governance, disciplined capital allocation and strategic corporate development guidance. As we continue to advance our Sangdong and Panasqueira Mines, and accelerate development of the South Korean Sangdong molybdenum project and the U.S.-based Gentung Browns Lake project, his financial experience will serve as a critical asset in leveraging our balance sheet to drive near-term value creation."

Mr. Wiesenbach de Lamaziere added: "I am eager to join Almonty at a meaningful inflection point in the company's development, with the commencement of mining operations at its Sandong mine in Korea. As Almonty completes the transition from development to production at what will soon become the Western world's largest tungsten mine, I look forward to working closely with the Lewis and the management team to support disciplined decision making, and long-term value creation for shareholders."

About Almonty Industries Inc.

Almonty is a leading supplier of conflict-free tungsten -- a strategic metal critical to the defence and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions and electronics manufacturing. Almonty's flagship Sangdong mine in South Korea, historically one of the world's largest and highest-grade tungsten deposits, is expected to supply over 80 per cent of global non-China tungsten production upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent United States defence procurement bans and export restrictions by China. With established operations in Portugal and additional projects in the United States and Spain, Almonty is strategically aligned to meet rapidly rising demand from Western allies committed to supply chain security and defence readiness.

We seek Safe Harbor.