Almonty Industries : Notice of Annual General & Special Meeting of Shareholders – June 26, 2023

ALMONTY INDUSTRIES INC.

NOTICE OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

TO BE HELD ON JUNE 26, 2023

NOTICE IS HEREBY GIVEN that the Annual General and Special Meeting of the holders of common shares (the "Shares", and holders thereof, the "Shareholders") of Almonty Industries Inc. (the "Company") will be held in the North Boardroom at the offices of Suite 300 - 1055 W. Hastings Street, Vancouver, BC on Monday, June 26, 2022, at 10:00 a.m. PST (Vancouver time) (together with any adjournment or postponement thereof, the "Meeting").

The following business of the Company will be transacted at the Meeting:

1. to receive and consider the audited consolidated financial statements of the Company for the fiscal year ended December 31, 2022, together with the auditor's report thereon;
2. to set the number of directors and to elect directors to serve for the ensuing year;
3. to confirm the appointment of the auditor of the Company by the board of directors and to appoint the auditor of the Company for the ensuing year and to authorize the board of directors of the Company to fix such auditor's remuneration;
4. to consider, and if thought fit, to approve, by way of disinterested shareholder approval, the extension of the term of 700,000 share purchase warrants originally due to expire on February 19, 2023, to February 19, 2024; and
5. to transact such other business as may properly come before the Meeting.

This notice is accompanied by the Circular and a form of proxy, which together provide additional information relating to the matters to be dealt with at the Meeting.

The record date for determination of Shareholders entitled to receive notice of and to vote at the Meeting was the close of business on April 27, 2023, (the "Record Date"). Only Shareholders whose names were entered in the register of holders of Shares on the close of business on the Record Date are entitled to receive notice of and to vote at the Meeting.

Registered Shareholders are entitled to vote at the Meeting either in person or by proxy. Regardless of whether a Shareholder plans to attend the Meeting in person, please complete, date and sign the enclosed form of proxy and deliver it in accordance with the instructions set out in the form of proxy and in the Circular. To be valid, such proxies must be deposited with the Company's transfer agent, Computershare Investor Services Inc., not later than 48 hours prior to the commencement of the Meeting, excluding Saturdays, Sundays and holidays.

All non-registered Shareholders who plan to attend the Meeting must follow the instructions set out in the voting instruction form and in the Circular to ensure that such Shareholders' Shares will be voted at the Meeting. If you hold your Shares in a brokerage account, you are not a registered Shareholder.

	BY ORDER OF THE BOARD OF DIRECTORS
Toronto, Ontario	(signed) "Lewis Black"
May 18, 2023	Lewis Black
	Chairman of the Board of Directors, President and Chief Executive Officer