Almonty Industries Inc. announced that Michael Costa who did not re-stand for election at the Corporation's 2023 Annual General Meeting and therefore ceased to be a director on 26 June 2023 and David Hanick, who was appointed 26th July 2023 at the Corporation's 2023 Annual General Meeting. Mr. Hanick currently serves as the Chief Legal Officer and is a member of the Investment Committee at Starlight Investments. Prior to joining Starlight Investments, David was a corporate partner and co-head of the Mining and Natural Resources Group in the Toronto office of Osler, Hoskin & Harcourt LLP where he focused on public and private mergers and acquisitions as well as capital markets transactions acting for issuers, underwriters, and private equity firms. He has more than 20 years of legal, capital markets, mergers and acquisitions and corporate governance expertise, and has participated in transactions totalling more than $40 billion.

Mr. Hanick currently serves on the board of directors of Process Fusion Inc. and as corporate secretary for each of Starlight Western Canada Multi-Family (No. 2) Fund, Starlight U.S. Multi-Family (No. 2) Core Plus Fund and Starlight U.S. Residential Fund.

Mr. Hanick was awarded the 2020 and 2021 Law Department Leader of the Year Excellence Award by Canada Law Awards and was a finalist for the 2021 Canadian General Counsel Awards in the Business Achievement category. Mr. Hanick is a member of the Law Society of Upper Canada and holds a joint Master of Business Administration from the Schulich School of Business and Bachelor of Laws from Osgoode Hall Law School. The cessation and appointment occurred on the 26th of June 2023, and through an administrative oversight, the Company failed to lodge an Appendix 3Z for the associated cessation and an Appendix 3X for the associated appointment at that time.