IBC Advanced Alloys Announces Geophysical Contract with Fugro Airborne Surveys for Utah Properties

VANCOUVER, BC – June 16, 2010 – IBC Advanced Alloys Corp. (TSX-V: IB) (“IBC” or the “Company”), an integrated manufacturer of advanced nonferrous and beryllium alloys and the owner of beryllium properties in Colorado and Utah announces that it has entered into a contract with Fugro Airborne Surveys Corporation (“Fugro”) to conduct a comprehensive airborne geophysical survey over the Company’s prospective beryllium properties in Juab County, Utah which are immediately adjacent to the world’s largest operating beryllium mine at Spor Mountain, Utah.

In addition to the Fugro agreement, IBC also has contracted a geophysicist based in Salt Lake City to manage the airborne program on behalf of the Company. Abraham Emond is very experienced with airborne survey techniques and systems and has significant experience in planning and overseeing geophysical surveys as well as processing and interpreting geophysical survey results. He has a graduate degree in geophysics from the University of Utah and has worked with BP Inc., Grand Central Silver Mines Inc., and Rio Tinto Limited.

“IBC is very pleased to have signed this contract for an airborne geophysical survey with Fugro,” said Anthony Dutton, President and CEO of IBC Advanced Alloys, “as it will help us advance our technical understanding and the economic significance of our Utah beryllium properties. IBC’s upstream assets in Colorado, and most significantly Utah, play an important role in our company’s vertically integrated structure and value proposition. The Company continues to focus on developing downstream demand for its core resource, most notably through manufacturing efficiencies gained through consolidation and by supporting R&D projects such as our nuclear fuels initiative for example,” continued Dutton. “A secure upstream source of beryllium will better enable the Company to profitably develop these opportunities and create long term shareholder value.”

The survey will be conducted in the next few months when final clearance in the restricted air space over the area can be obtained. It will be flown with fixed-wing aircraft flying more than 7,300 line-kilometres of high resolution aeromagnetics and 256-channel multiple crystal radiometrics over the 260 square mile (166,680 acres, 67,450 ha.) area of interest incorporating IBC’s claims.

The purpose of the aeromagnetic survey is to confirm geologic structures and to help differentiate regional structures from local structures that influenced beryllium mineralization in this area. The gamma ray spectrometer data will help identify specific layers in the very thick sequence of bedded volcanic ash that hosts the beryllium mineralization and blankets the slopes of Spor Mountain and fills the Fish Springs Valley.

The results of this survey will delineate the most prospective areas of beryllium mineralization that with subsequent ground investigation and confirmation will provide exploratory drill hole targets to begin quantifying the beryllium resource of IBC’s claim blocks.

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 80 employees and is headquartered in Vancouver, Canada with production facilities in Pennsylvania, Indiana, Massachusetts and Missouri. Additionally, IBC owns prospective beryllium properties in 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”.
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For additional information please contact:

IBC Advanced Alloys Corp.
Ian Tootill, Director of Corporate Communications
(604) 685-6263 ext 110
Email: [email protected]
Website: www.ibcadvancedalloys.com