Almonty announces acquisition of Woulfe Mining Corp.

Almonty Industries, partially owned by Deutsche Rohstoff, announced today that it has entered into an agreement with Woulfe Mining Corp. to combine the two businesses through the acquisition of all outstanding common shares of Woulfe by Almonty. The implementation of the proposed agreement is subject to the approval of the TSX Venture Exchange, the approval of the Supreme Court of British Columbia and the favorable 66 2/3 % vote of shareholders of Woulfe at a special meeting. The latter is expected to be held on or before September 8, 2015. The management of Woulfe, as well as the independent financial and legal advisors that were consulted by Woulfe recommend to shareholders to approve the proposed agreement.