Mr. Thomas Gutschlag of Deutsche Rohstoff reports

DEUTSCHE ROHSTOFF ANNOUNCES ACQUISITION OF SECURITIES OF ALMONTY INDUSTRIES

On Sept. 22, 2014, Deutsche Rohstoff AG acquired ownership and control of 12,209,302 common shares of Almonty Industries Inc. at a value of 86 cents per share, representing approximately 24.9 per cent of the then issued and outstanding common shares of Almonty (being 48,996,491 shares), as well as a convertible debenture of Almonty in the principal amount of $7.5-million, having a maturity of 2.5 years with a coupon of 4 per cent, and being convertible at the option of the acquiror into common shares of Almonty at a conversion price of $1.45 per share. The common shares and debenture were issued to the acquiror by Almonty as consideration for the sale of all of the shares of Wolfram Camp Mining Pty. Ltd. and Tropical Metals Pty. Ltd. (which collectively own the Wolfram Camp tungsten and molybdenum mine in Queensland, Australia) by the acquiror to Almonty, at a purchase price of $18.0-million.

In the event that the principal amount of the debenture was converted in full, the acquiror would have ownership and control of an additional 5,172,413 common shares of Almonty, representing approximately 9.5 per cent of the then issued and outstanding common shares of Almonty postexercise (being 54,168,904 shares), for a total of 17,381,715 common shares of Almonty, representing approximately 32.0 per cent of the then issued and outstanding common shares of Almonty postexercise. The acquiror acquired the common shares and debenture for investment purposes and has no present intention to acquire further securities of Almonty, although it may in the future acquire or dispose of securities of Almonty, through the market, privately or otherwise, as circumstances or market conditions warrant.

The transaction and the issuance of the common shares and debentures to the acquiror by Almonty were announced by Almonty on Sept. 23, 2014. The acquiror did not file an early warning report or issue a press release in relation to the transaction through inadvertence. A copy of the early warning report required to be filed by the acquiror with applicable securities commissions in connection with this acquisition will be available for viewing under Almonty's profile on SEDAR, and a copy of the early warning report may be obtained by contacting Thomas Gutschlag, the chief executive officer of the acquiror.