IBC Advanced Alloys Corp.

IBC Advanced Alloys Corp.

March 12, 2010 09:30 ET

IBC Advanced Alloys Corp. Agents Exercise Over-Allotment Option Increasing Offering to C$10,350,000

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 12, 2010) - IBC Advanced Alloys Corp. (TSX VENTURE:IB) ("IBC" or the "Company") is pleased to announce that it has accepted the exercise of the 15% over-allotment option (the "Option") granted to Union Securities Ltd. and Pope & Company Limited (collectively, the "Agents"). Pursuant to the exercise of the Option the gross proceeds of the previously announced Short Form Prospectus Offering (the "Offering") will increase by C$1,350,000 for maximum total gross proceeds of C$10,350,000.

Each Offering Unit is priced at C$0.17 and consists of one common share of IBC and one-half of one common share purchase warrant exercisable at C$0.25 (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one common share of IBC for a period of 24 months (subject to acceleration) following the date of closing of the Offering, which is scheduled to occur on or before March 19, 2010.

The additional net proceeds from the Offering resulting from the exercise of the Agents' Option will be used to primarily further fund business development and build out initiatives at the Company's previously announced acquisition of Beralcast Corporation.

The Offering is subject to certain conditions including the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities. This press release does not constitute an offer to sell, nor is it a solicitation of an offer to buy, securities.

About IBC Advanced Alloys Corp.

IBC is an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products serving a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications. IBC has 65 employees and is headquartered in Vancouver, Canada with production facilities in Pennsylvania, Indiana and Missouri. Additionally, IBC owns prospective beryllium properties in the western US and Brazil covering approximately 9,500 hectares. IBC is creating a dynamic global beryllium and advanced alloys company. IBC's common shares are traded on the TSX Venture Exchange under the symbol "IB".

Further information on this financing can be obtained from:

Brock Daem and Jason Bedasse
Institutional Equity Sales
Union Securities Ltd.
1 (416) 777-0600

Grant White
Global Head, Capital Markets
Pope & Company Limited
1 (416) 588-6139

This news release was prepared by management of IBC, which takes full responsibility for its contents.

Legal Notice Regarding Forward Looking Statements

This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among others, the expectations and/or claims, as applicable, that: (i) IBC is creating a dynamic global beryllium and advanced alloys company; (ii) IBC is undertaking global growth initiatives; and (iii) IBC will acquire all of the shares of Beralcast.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (i) the risk that IBC does not execute its business plan; (ii) the inability of IBC to keep pace with market requirements; (iii) IBC's inability to maintain key relationships with suppliers and customers; (iv) IBC not being able to retain key employees; (v) competitors providing better or cheaper products; (vi) markets for IBC's products not developing as expected; (vii) IBC's inability to finance its operations or growth; (viii) inability to obtain all necessary government and regulatory approvals; (ix) the inability to effectively market IBC's products, including the establishment of viable relationships with third parties; (x) fluctuating beryllium prices may negatively impact IBC's business plans and strategies; (xi) the inability of IBC to complete the acquisition of Beralcast Corporation; and (xii) the inability of IBC to complete the proposed financing on the terms outlined above or at all. These forward-looking statements are made as of the date of this news release and IBC assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although IBC believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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