Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce that it has appointed DGWA, the German Institute for Asset and Equity Allocation and Valuation (“Deutsche Gesellschaft für Wertpapieranalyse GmbH”, “DGWA”), one of the leading European investment banking boutiques, based in Frankfurt and Berlin, Germany, as its Investor Relations advisor in Europe.

DGWA provides investor relations services for publicly traded companies, which include the distribution of press releases, raising investor awareness amongst both the retail and institutional investment community, and supporting the overall marketing of the Company.

DGWA’s focus is on assisting international small and mid-cap companies to list on their respective markets, and to position, represent and raise capital in the German speaking financial markets (Germany, Switzerland, Austria, Luxembourg and Liechtenstein). These German speaking markets combine to represent the largest pool of investors and financial institutions in Europe – the second most important financial markets area in the world.

DGWA’s management team have a 25-year track record in trading, investing and analyzing small and medium sized enterprises (SMEs) around the world and has been involved in over 250 IPOs. The team is also involved in financings, bond issues, dual listings and corporate finance transactions, as well as corresponding roadshows and awareness campaigns.

DGWA will collaborate with Almonty to help gain investor awareness and drive investment opportunities from the European financial markets and will provide investor relations services to help Almonty position itself in the German speaking financial markets.

Lewis Black, Chief Executive Officer of Almonty, commented, “This is part of the company’s ongoing strategy of greater exposure to the European market. Given the support of some of Europe’s premium organizations – Plansee Group, OeKB, KfW IPEX–Bank GmbH – the company feels that increasing exposure in Europe fits with the long-term strategy when combined with the proposed listing in Korea and the support there of some of South Korea’s premium organizations – Posco, Kepco, Mireco, Korea Telecom, Kigam, Kores.”

About Almonty

The principal business of Toronto, Canada-based Almonty Industries Inc. is the mining, processing and shipping of tungsten concentrate from its Los Santos mine in western Spain and its Panasqueira mine in Portugal as well as the development of its Sangdong tungsten mine in Gangwon Province, South Korea and the development of the Valtreixal tin/tungsten project in north western Spain.

The Los Santos mine was acquired by Almonty in September 2011 and is located approximately 50 kilometres from Salamanca in western Spain and produces tungsten concentrate. The Panasqueira mine, which has been in production since 1896, is located approximately 260 kilometres northeast of Lisbon, Portugal, was acquired in January 2016 and produces tungsten concentrate.

The Sangdong mine, which was historically one of the largest tungsten mines in the world and one of the few long-life, high-grade tungsten deposits outside of China, was acquired in September 2015 through the acquisition of a 100% interest in Woulfe Mining Corp. Almonty owns 100% of the Valtreixal tin-tungsten project in north-western Spain.