IBC Advanced Alloys Corp.
TSX VENTURE : IB

IBC Advanced Alloys Corp.

April 14, 2009 21:39 ET

IBC Advanced Alloys Announces $1,500,000 Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 14, 2009) - IBC Advanced Alloys Corp. ("IBC" or the "Company") (TSX VENTURE:IB) is pleased to announce that it proposes to raise up to $1,500,000 through the sale of common shares of the Company (the "Shares") at $0.15 per Share.

The offering is subject to certain conditions including, but not limited to, the receipt of all necessary corporate and regulatory approvals, including the acceptance of the TSX Venture Exchange.

The net proceeds of the offering will be used to source and analyse prospective acquisitions, for working capital and for general corporate purposes.

The offering may close in tranches with the closing of the first tranche of up to $500,000 expected to occur on or before April 17, 2009. All Shares issued under the offering will be subject to a four month hold period. Subject to regulatory approval, finders' fees may be paid to certain finders.

Some Insiders of the Company may purchase Shares under the offering.

About IBC Advanced Alloys Corp.

IBC Advanced Alloys Corp. is an integrated manufacturer and distributor of 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 and Indiana. Additionally, IBC owns prospective beryllium properties in Brazil and the Western US 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 if IBC which takes full responsibility for its contents.

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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