Algoma Central Corporation to Hold 2024 Annual General and Special Meeting of Shareholders on May 1, 2024

St. Catharines, Ontario, April 17, 2024 – Algoma Central Corporation (TSX: ALC) is pleased to announce that the 2024 Annual General and Special Meeting (the “Meeting”) of Shareholders will be held in person on Wednesday May 1, 2024 at Vantage Venues, 27th floor, 150 King Street West, Toronto, Ontario M5H 1J9 at 11:30 a.m. (EDT).

The Company’s Management Information Circular and Notice of Meeting as well as its 2023 Annual Report is available to shareholders in the Investor Relations section of Algoma’s website. Meeting materials distributed to shareholders include their control number and instructions on how to vote their shares prior to the Meeting or in person during the day of the Meeting. Whether or not you are able to attend the Meeting in person, registered shareholders and non-registered shareholders are encouraged to vote in advance of the Meeting.

Financial results for the three months ended March 31, 2024 will also be released on May 1, 2024 and will be reviewed during the Meeting. Our first quarter earnings release as well as full financial results will be available on the Company’s website at www.algonet.com/investor-relations and on SEDAR at www.sedarplus.ca.

About Algoma Central Corporation

Algoma Central Corporation is a global provider of marine transportation that owns and operates dry and liquid bulk carriers, serving markets throughout the Great Lakes – St. Lawrence Seaway and internationally. Algoma is aiming to reach a carbon emissions reduction target of 40% by 2030 and net zero by 2050 across all business units with fuel efficient vessels, innovative technology, and alternate fuels. Algoma truly is Your Marine Carrier of Choice™. Learn more at www.algonet.com.

Media Contacts:

Gregg A. Ruhl

President & CEO

905-687-7890

Peter D. Winkley, CPA, CA

E.V.P. & Chief Financial Officer

905-687-7897

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