Mr. Lewis Black reports

ALMONTY INDUSTRIES INC. ANNOUNCES GRANTING OF STOCK OPTIONS

Almonty Industries Inc. has granted stock options to members of the board of directors and management of Almonty. Dan D'Amato received 500,000 options, Lewis Black received 300,000 options and Dr. Thomas Gutschlag received 100,000 options. The options are being granted pursuant to the stock option plan of Almonty with each option permitting the holder to purchase one common share of Almonty at a price of 80 cents for a period of 10 years from today's date. The options vest immediately.