IBC Advanced Alloys Corp. Announces Pricing of New Issue of Units

VANCOUVER, BC – June 3, 2011 – IBC Advanced Alloys Corp. (TSX.V:IB) (“IBC” or the “Company”) announced today that the Company has agreed, subject to the filing of the final prospectus and execution of the Agency Agreement with Euro Pacific Canada Inc., which is leading the syndicate of Agents that includes Raymond James Ltd. (collectively the “Agents”), to the pricing of the previously announced new issue of units of the Company (the “Units”) in each of the provinces and territories of Canada other than Quebec (the “Offering”). Each Unit comprises one common share of IBC and one-half of one common share purchase warrant (each
whole warrant, a “Warrant”). Each Warrant will entitle the holder there of to purchase for $0.25 one common share of IBC for a period of 24 months following the date of closing of the Offering.

The Agent will offer on a “best efforts” agency basis a minimum of 22,222,223 Units and a maximum of 38,888,888 Units at a price of $0.18 per Unit for gross proceeds to the Company of a minimum of $4 million and a maximum of $7 million. IBC has granted the Agents an over-allotment option to sell up to an additional 15% of the Offering on the same terms and conditions, exercisable at any time following the closing of the Offering for a period of 30 days.

The Company filed a preliminary short form prospectus on May 31, 2011 in respect of the Offering however a final short form prospectus has not yet been filed. The Company intends to file a final short form prospectus shortly after it receives regulatory approval to that effect.

The Offering is also subject to customary conditions and regulatory approval, including the execution of an agency agreement between the Company and the Agents and the filing of a final short form prospectus.

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 Indiana, Massachusetts, Pennsylvania and Missouri. Additionally, IBC owns prospectiveberyllium 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”.

For additional information please contact:

IBC Advanced Alloys Corp.
Ian Tootill, Director of Corporate Communications
(604) 685-6263 ext 110

Email: itootill@ibcadvancedalloys.com

Website: www.ibcadvancedalloys.com

Further information on this financing and a copy of the preliminary short form prospectus can be obtained from:

Russell N. Starr

Head of
Institutional Equities and Director

Euro Pacific Canada Inc.

+1 (416) 649-4272

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.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any Unit and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.

The Units have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws of the United States and, subject to certain exceptions and incompliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom, may not be offered, sold or delivered, directly or indirectly, within the United States or to, or for the account or benefit of, “U.S. persons” (as defined in Regulation D under the U.S. Securities Act) (“U.S. Persons”). This press release does not constitute an offer to sell or a solicitation to buy any of the securities offered hereby within the United States or to U.S. Persons.

Legal Notice Regarding Forward Looking Statements

This disclosure contains certain forward-looking statements that involve known and unknown risks and uncertainties, certain of which are beyond the Company’s control including: the impact of general economic conditions in the areas in which the Company operates,
changes in laws and regulations and changes in how they are interpreted and enforced, and the likelihood in obtaining required approvals of regulatory authorities. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience and other factors it believes are appropriate in the circumstances.

To view all past news releases go here.