The TSX Venture Exchange has accepted for filing the share purchase agreement between Almonty Industries Inc. and Sojitz Tungsten Resources Inc., and the debt sale agreement between Almonty and Sojitz Corp., each effective as of Dec. 29, 2015, and closing Jan. 6, 2016, pursuant to which Almonty has acquired all of the shares of Beralt Ventures Inc. from STRI and 12.26 million euros in aggregate principal amount of debt owed by Sojitz Beralt Tin & Wolfram (Portugal), SA, a wholly owned subsidiary of BVI, to Sojitz. BVI, through its wholly owned subsidiaries, is the 100-per-cent owner of the various rights and interests comprising the Panasqueira tungsten mine in Covilha, Castelo Branco, Portugal. Almonty acquired the BVI shares for one euro, and the debt in exchange for a cash payment of one million euros on closing and a promissory note issued by Almonty in the principal amount of 500,000 euros bearing interest at 4 per cent per annum, maturing Dec. 29, 2017.

Insider/pro group participation:  nil

For further information, please refer to Almonty's news release dated Jan. 6, 2016, which is available under Almonty's profile on SEDAR.