2020 Financials delayed due to Covid in PortugalAlmonty Industries Announces Expected Delay in Filing 2020 Financial Results Due to Unprecedented COVID-19 Disruption in Portugal Almonty Industries Inc. (Almonty or the Company) (TSX: AII / OTCQX: ALMTF / Frankfurt: ALI.F)announces that it expects a delay of approximately 14 days in filing its audited annual financial statements, managements discussion and analysis and related officer certifications for the year ended December 31, 2020 (collectively, the "Annual Financial Filings") which are required to be filed on March 31, 2021 (the Filing Deadline). The expected delay is due to complications caused by the devastating wave of COVID-19 experienced in Portugal over recent months as a result of which the component auditors in Portugal were unable to access the site at the Companys Pansqueira mine to conduct the normal audit and all reviews have had to be done remotely. During this time, Portugal recorded the highest incident rate per 100,000 of COVID-19 in the world. The state of emergency is still in effect in Portugal currently. Due to this delay, it is expected that the Company will be unable to complete all of the procedures necessary for the Companys auditors, Davidson & Company LLP, to be able to render an audit opinion by the Filing Deadline. The Company has applied to the applicable Canadian securities regulators for the issuance of a management cease trade order which would restrict trading in securities of the Company by the Corporations Chief Executive Officer and Chief Financial Officer. The Company has imposed an insider trading blackout pending filing of the Annual Financial Filings. During the MCTO, the Company confirms that it will comply with the provisions of the alternative information guidelines set out in National Policy 12-203 respecting Management Cease Trade Orders for as long as it remains in default, including the issuance of bi-weekly default status reports, each of which will be issued in the form of a news release. Further, if the Company provides any information to any of its creditors during the period in which it is in default of filing the Annual Financial Filings, the Company confirms that it will also file material change reports on SEDAR containing such information. The Company confirms as of the date of this news release that there is no insolvency proceeding against it and there is no other material information concerning the affairs of the Company that has not been generally disclosed