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Wednesday, March 11, 2015

BRIEF-Ormonde Mining confirms approach by Almonty Industries, (VAN: AII.V)

Ormonde Mining Plc * Confirms, as announced by Almonty Industries Inc that it last night received an unsolicited indicative non-binding proposal with respect to a potential offer for ormonde* Proposal from almonty does not include any material detail as to how necessary project financing for barruecopardo project would be secured* Will respond to almonty and provide a further update to shareholders in relation to this approach in due course Source text for Eikon: Further company coverage:

Almonty Industries Inc. (Almonty) is engaged in the business of mining, processing and shipping of tungsten concentrate from its tungsten mine at the Los Santos Project. Shares of AII remained unchanged at $0.67. On average, 7872 shares of AII.V exchange hands on a given day and today's volume is recorded at 500.