IBC Advanced Alloys Appoints James Malone as Vice President Nuclear Fuels

VANCOUVER, BC – April 27, 2010 – IBC Advanced Alloys Corp. (TSX.V:IB) (“IBC” or the “Company”) announces that it has appointed James Malone as Vice President of Nuclear Fuels. In this newly created position, Mr. Malone will be responsible for fostering and managing relationships with potential industry partners and government agencies to collaborate with IBC on its strategic initiative to develop a more efficient, safer and economically sound beryllium oxide enhanced nuclear fuel.

Mr. Malone is formerly Vice President of Nuclear Fuels for Exelon Generation (“Exelon”), a wholly owned subsidiary of Exelon Corp. (NYSE:EXC) which operate the largest nuclear fleet in America and the third largest fleet in the world. Exelon’s 10 nuclear power plants with 17 reactors represent approximately 20% of the U.S. nuclear industry’s power capacity. Mr. Malone is a current member of the American Nuclear Society and the past Chairman of the ANS Fuel Cycle Waste Management Division. In addition to his new responsibilities Mr. Malone will also chair IBC’s nuclear fuels advisory board.

Mr. Malone has more than 40 years of experience in the nuclear power industry, focused on the technical, economic and planning aspects of nuclear fuels. In his previous position at Exelon Generation he was primarily responsible for their nuclear fuel cycle activities, including procurement, safeguards, economics, and fuel cycle cost. Mr. Malone has a particular interest in nuclear fuel technologies and high thermal conductivity nuclear fuels.

“I am very excited to be joining IBC’s nuclear fuel program and look forward to working with IBC and prospective industry partners to advance this technology,” said Jim Malone. “The nuclear power industry is currently enjoying significant growth and will play an increasingly important role in satisfying global energy demand. A fundamental component of a strong nuclear future is development in fuel design,” continued Malone, “and I believe that IBC and Purdue University’s beryllium oxide enhanced fuel could have a significant impact on the safety and economics of the nuclear industry.”

“Jim Malone will be an enormous asset to IBC’s nuclear fuels program and we look forward to the benefit of his considerable industry experience and expertise in all aspects of developing, maintaining and promoting nuclear fuel cycle activities,” said Anthony Dutton, President and CEO of IBC. “We are very pleased to have Jim lead the way for IBC’s nuclear fuels initiatives and increase awareness for a more sustainable nuclear power alternative.”

IBC signed a collaborative research agreement with Purdue University in August 2008 to advance the university’s existing nuclear fuels research program and to develop a new type of beryllium oxide enhanced nuclear fuel that has higher thermal conductivity and is therefore potentially longer lasting, more efficient and safer than current uranium-based nuclear fuels. The objective of the research is to commercially develop a nuclear fuel for optimal use in both current and future nuclear reactors.

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 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”.
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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