IBC Advanced Alloys Corp.
TSX VENTURE : IB

IBC Advanced Alloys Corp.

April 01, 2010 09:30 ET

IBC Wins US Defense National Stockpile Center Ordering Approval

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 1, 2010) - IBC Advanced Alloys Corp. (TSX VENTURE:IB) ("IBC" or the "Company") announces that it has been approved and pre-qualified to submit quotes for the Defense National Stockpile Center (the "DNSC") sales program for vacuum cast beryllium. The Basic Ordering Agreement (the "BOA") was executed between the United States of America and IBC's wholly owned subsidiary, Freedom Alloys, Inc., based in Royersford, Pennsylvania and provides the Company with certain rights and privileges under the BOA sales program.

"We are very pleased to have been approved and qualified to order from the DNSC," said Anthony Dutton, IBC's President and CEO. "This will allow future ordering and beryllium procurement flexibility and more options to meet customer demands. For our main business, IBC is extremely fortunate to have an excellent long standing primary commercial supply arrangement that supports our main production facilities. However, as our North American and international business continues to grow," said Dutton, "we are focused on strengthening our supply chain management systems and production processes and look forward to working with the DNSC for additional beryllium supply."

The DNSC is headquartered in Fort Belvoir, Virginia and has the primary mission to plan, facilitate and acquire services and supplies necessary to support the storage and sale of its strategic and critical materials inventory located in depots throughout the United States. The DNSC is responsible for the storage and sale of a number of materials and commodities including tungsten, ferromanganese, cobalt, germanium, chromium and beryllium.

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.

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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