Almonty Industries Inc. announced that it has temporarily suspended mineral processing activities at its wholly owned Los Santos Project as a result of an electrical fire that destroyed its diesel generator power supply and caused severe damage to its electrical switching infrastructure on June 23, 2013. The fire started in the generator room and the local fire brigade was called to the scene shortly after the fire was discovered. The blaze was quickly brought under control and extinguished, limiting the damage to the electrical supply building and the diesel generators, which were completely destroyed.

No repairs to the damaged electrical supply building, diesel generators or electrical infrastructure will be necessary in order for the Company to connect to the state electricity grid. The company is working with its insurance adjusters to determine the extent of the damage and business interruption that is covered under its insurance policies. The Company has informed its customer about the disruption to processing and delivery of tungsten concentrate as required by its Long-Term Supply Agreement and will restore normal shipments as soon as possible.