IBC Advanced Alloys Corp. Agents Exercise Over-Allotment Option Increasing Offering to C$10,350,000

VANCOUVER, BC – March 12, 2010 – IBC Advanced Alloys Corp. (TSX.V:IB) (“IBC” or the “Company”) is pleased to announce that it has accepted the exercise of the 15% over-allotment option (the “Option”) granted to Union Securities Ltd. and Pope & Company Limited (collectively, the “Agents”). Pursuant to the exercise of the Option the gross proceeds of the previously announced Short Form Prospectus Offering (the “Offering”) will increase by C$1,350,000 for maximum total gross proceeds of C$10,350,000.

Each Offering Unit is priced at C$0.17 and consists of one common share of IBC and one-half of one common share purchase warrant exercisable at C$0.25 (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one common share of IBC for a period of 24 months (subject to acceleration) following the date of closing of the Offering, which is scheduled to occur on or before March 19, 2010.

The additional net proceeds from the Offering resulting from the exercise of the Agents’ Option will be used to primarily further fund business development and build out initiatives at the Company’s previously announced acquisition of Beralcast Corporation.

The Offering is subject to certain conditions including the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities. This press release does not constitute an offer to sell, nor is it a solicitation of an offer to buy, securities.

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”.

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

Further information on this financing can be obtained from:
Brock Daem and Jason Bedasse
Institutional Equity Sales
Union Securities Ltd.
1 (416) 777-0600

Grant White
Global Head, Capital Markets
Pope & Company Limited
1 (416) 588-6139