IBC Advanced Alloys Corp. Files Preliminary Short Form Prospectus

VANCOUVER, BC – November 30, 2009 – IBC Advanced Alloys Corp. (TSX.V:IB) (“IBC” or the “Company”) announces that it has filed a preliminary short form prospectus with the securities regulatory authorities in the Provinces of British Columbia, Alberta, and Ontario in connection with a best efforts offering of units (the “Units“) of IBC (the “Offering“) for gross proceeds of up to $8,000,000, subject to a 15% over-allotment option. The Offering will be led by Pope & Company Limited, with a syndicate of agents to be determined (collectively, the “Agents“).

Each Unit will consist of 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 thereof to purchase one common share of IBC for a period of 24 months following the date of closing of the Offering. If the closing price of the common shares of IBC is equal to or greater than a to be determined price threshold for a period of 20 consecutive trading days IBC may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by IBC. Final pricing, the determination of the number of Units to be sold pursuant to the Offering will be determined in the context of the market and will occur immediately prior to the filing of the final short form prospectus in respect of the Offering.

The net proceeds from the Offering will be used to fund the proposed acquisition of Beralcast Corporation, new business development initiatives, further exploration of mineral properties and for general working capital purposes.

The Offering is subject to certain conditions including, but not limited to, the execution of a definitive agency agreement with the Agents and the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities.

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 59 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:

Russell N. Starr
Head of Institutional Sales and Trading
Pope & Company Limited
(416) 588-6419

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