Almonty Industries Inc.
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Almonty Industries Inc. Completes Acquisition of Woulfe Mining Corp. and Announces Financing Transactions of $7.78 Million

Toronto and Vancouver, British Columbia - September 11, 2015 - Almonty Industries Inc. (“Almonty”) (TSXV: AII) and Woulfe Mining Corp. (“Woulfe”) (CSE: WOF, Frankfurt: OZ4) are pleased to announce that Almonty has completed its acquisition of Woulfe by acquiring all of the outstanding shares of Woulfe pursuant to an arrangement under the Business Corporations Act (British Columbia) (the “BCBCA”). The transaction was previously approved by Woulfe shareholders in accordance with the requirements of the BCBCA, and was subsequently approved by the Supreme Court of British Columbia. It is expected that the common shares of Woulfe will be delisted from the Canadian Securities Exchange at the close of business on or about September 14, 2015. Under the arrangement, each Woulfe common share has been exchanged for 0.1029 of one Almonty common share. Registered Woulfe shareholders should follow the instructions in Woulfe’s management information circular dated July 28, 2015 in order to obtain certificates representing their Almonty common shares due to them under the arrangement. Almonty has issued an aggregate of 34,806,205 Almonty common shares in connection with the arrangement.

Company Overview

Woulfe Mining a CSE listed company with a diversified portfolio of mining licenses for tungsten, molybdenum, gold, base metals and uranium-vanadium in South Korea.

The company is focused on the development of the Sangdong tungsten mine (one of the World's largest and most renowned tungsten mine's for 40 years) a property that we believe has substantial value for our shareholders. The outcome of the scoping study in March 2010 determined that the project NPV was US$467 million at a commodity price of $25,000 per tonne Ammonium Paratungstate (APT). Today, the APT price is over US$45,000 per tonne. Woulfe has accelerated the project due to the robust project and market. The company's target is to move to production at the end of 2012. In the last 18 months the company has focused on building the Sangdong tungsten mine team and reopening the mine. The project is well staffed with professionals and is moving forward rapidly.

Woulfe Corporate has now turned its focus to the Muguk gold project, historically Korea's largest producing gold mine. In 1998, Muguk was reported by Korea Resources Corporation (KORES) to contain a combined resource of 1,418,980 tonnes @ 13.5 g/t gold, 72.8 g/t silver (615,956 oz gold and 3,321,599 oz silver). Woulfe cautions that a Qualified Person has not done sufficient work to classify the historical estimate as current, that it is not treating the historical estimate as current and that the historical estimate should not be relied upon. A drill campaign is starting drilling the down dip extensions of the Three Brothers Vein in June 2011. Woulfe's other projects will be considered once these two projects are moving to production, in order to unlock value for shareholders and to move the company to a positive cash flow as quickly as possible.

Shares Issued and Outstanding 268,206,883
Options 12,975,000
Warrants 42,906,750
Fully Diluted 324,088,583
Listings CSE: WOF
Frankfurt: OZ4.F
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540Almonty Achieves Positive EBITDA from Mining Operations(1) of $12,702,000 And NeSultan-Tuesday
539The days of cheap tungsten are long gone and we’ve entered new territory now. ImSultan-July 26
538Almonty Industries to Improve Concentrate Output at Panasqueira Mine in PortugalSultan-July 26
537Almonty Industries Receives Approval on OTCQX Application July 11, 2018 TORONTSultan-July 11
536Tungsten is mentioned on page 43 ustr.govSultan-July 11
535Interesting choice of background music...LoneClone-July 6
534youtube.comSultan-July 6
533Almonty Industries Announces Demolition Work at Sangdong Mine Site Completed fiLoneClone-July 6
532Almonty Industries Inc. Makes Application to the OTCQX Toronto, Ontario--(NewsfSultan-June 26
531Report: Almonty Industries – Surfing on the waves of higher tungsten prices caeSultan1June 21
530This is a German article so use Google translate if you want to read it.. wallSultan-June 21
529AII.TO closed at 0.76 .. 76,946 shares traded ALMTF closed at 0.576 .. 5,600 shSultan-June 20
528June Presentation almonty.comSultan1June 16
527Almonty thread on stockhouse has some quality posts and updates now and again.. Sultan-June 13
526Thanks! I have a TDW account. I'll look for the report there.dara-June 1
525 Today in their Morning Insider Report, INK Research featured Almonty. I get it LoneClone-June 1
524 With new ticker symbol ... [graphic]dara-June 1
523 Thanks. I was wondering why the sudden move up. Since the chart looks so nicedara-June 1
522 I wonder why they are terminating the share buyback. Maybe they need to seek neLoneClone-May 30
521Almonty Industries Inc. Announces Graduation to TSX Almonty Industries Inc. (“ASultan-May 30
520First Berlin – Almonty Industries Inc. Research Update (25/05/2018) First BerliSultan-May 25
519Yeah.. I did not either although I saw all the insiders' trades + company buSultan-May 22
518 Nice to see them making a profit again. Now what was behind that recent share LoneClone-May 22
517Almonty Announces Positive EBITDA for the Three Months Ended March 31st, 2018 ofSultan-May 22
516All destruction so far, it seems... Teehee LCLoneClone-May 3
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