IBC Advanced Alloys Corp.
TSX VENTURE : IB

IBC Advanced Alloys Corp.

May 20, 2009 09:30 ET

IBC Advanced Alloys Signs Letter of Intent to Acquire Specialty Alloy Manufacturing Business

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 20, 2009) - IBC Advanced Alloys Corp. (TSX VENTURE:IB) ("IBC" or the "Company") is pleased to announce that it has signed a letter of intent to acquire a specialty alloy manufacturing business in an arm's length transaction.

Completion of the proposed transaction is subject to several conditions including customary due diligence; raising sufficient capital to complete the acquisition and certain short-term business objectives; securing raw materials supply; and approval by the boards of directors of IBC and the target company; shareholders of the target company; and the TSX Venture Exchange. There can be no assurance that the transaction will be completed as proposed, or at all.

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 71 employees and is headquartered in Vancouver, Canada with production facilities in Pennsylvania, Missouri 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 of 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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