IBC Advanced Alloys Corp.

IBC Advanced Alloys Corp.

March 24, 2010 12:48 ET

IBC Advanced Alloys Signs Long-Term Pure Beryllium and Beryllium Alloy Supply Agreements

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 24, 2010) - IBC Advanced Alloys Corp. (TSX VENTURE:IB) ("IBC" or the "Company") is pleased to announce that it has signed long-term supply agreements (the "Agreements") for beryllium as well as beryllium copper master alloy with Ulba Metallurgical Plant ("Ulba"). Ulba is one of the largest and most important beryllium processing and manufacturing facilities in the world and is a wholly owned subsidiary of Kazatomprom, the national atomic company of Kazakhstan.

The Agreements are a part of IBC and Ulba's longstanding supply relationship and are further to the letter of intent recently signed with Kazatomprom. The letter of intent, previously announced on November 23, 2009, is intended to strengthen the companies' existing relationship by addressing supply agreements and other mutually beneficial initiatives related to the beryllium industry. Under the terms of the Agreements, Ulba and IBC have committed to favourable multiple-year supply commitments for beryllium metal and beryllium copper master alloys. These Agreements will allow better forward planning practices for both companies and also support Ulba and IBC's international growth initiatives.

"We are very pleased to have signed these important long term supply agreements with Ulba," said Anthony Dutton, President and CEO of IBC Advanced Alloys. "Ulba is an acknowledged global leader in the beryllium sector and also an important strategic partner for IBC and we look forward to working closely with them as we build our business together."

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".

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 that are not purely historical are forward-looking statements and include any statements regarding management's current beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among others, the expectations or claims that: IBC is: (i) a dynamic global beryllium and advanced alloys company; (ii) undertaking global growth initiatives; and (iii) these Agreements will allow better forward planning practices for IBC and Ulba and support their international growth initiatives.

Actual results could differ from those projected in any forward-looking statements due to numerous factors, many which are beyond the Company's control. 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) the 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; and (x) fluctuating beryllium prices may negatively impact IBC's business plans and strategies; and other risks and uncertainties, including those described in the Prospectus dated March 15, 2010 filed with the applicable securities commissions and available on www.sedar.com. 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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