Mr. Gregg Ruhl reports

ALGOMA CENTRAL CORPORATION TO HOLD 2024 ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS ON MAY 1, 2024

Algoma Central Corp.'s 2024 annual general and special meeting of shareholders will be held in person on Wednesday May 1, 2024, at Vantage Venues, 27th floor, 150 King St. West, Toronto, Ont., M5H 1J9, at 11:30 a.m. ET.

The company's management information circular and notice of meeting, as well as its 2023 annual report, are available to shareholders in the investor relations section of Algoma's website. Meeting materials distributed to shareholders include their control number and instructions on how to vote their shares prior to the meeting or in person during the day of the meeting. Whether or not you are able to attend the meeting in person, registered shareholders and non-registered shareholders are encouraged to vote in advance of the meeting.

Financial results for the three months ended March 31, 2024, will also be released on May 1, 2024, and will be reviewed during the meeting. The company's first-quarter earnings release, as well as full financial results, will be available on the company's website and on SEDAR.

About Algoma Central Corp.

Algoma Central is a global provider of marine transportation that owns and operates dry and liquid bulk carriers, serving markets throughout the Great Lakes-St. Lawrence Seaway and internationally. Algoma is aiming to reach a carbon emissions reduction target of 40 per cent by 2030 and net-zero by 2050 across all business units with fuel-efficient vessels, innovative technology and alternative fuels.