IBC Advanced Alloys Signs Long-Term Pure Beryllium and Beryllium Alloy Supply Agreements

VANCOUVER, BC — March 24, 2010 – IBC Advanced Alloys Corp. (TSX.V:IB) (“IBC” or the “Company”) is pleased to announce that it has signed long-term supply agreements (the “Agreements”) for beryllium as well as beryllium copper master alloy with Ulba Metallurgical Plant (“Ulba”). Ulba is one of the largest and most important beryllium processing and manufacturing facilities in the world and is a wholly owned subsidiary of Kazatomprom, the national atomic company of Kazakhstan.

The Agreements are a part of IBC and Ulba’s longstanding supply relationship and are further to the letter of intent recently signed with Kazatomprom. The letter of intent, previously announced on November 23, 2009, is intended to strengthen the companies’ existing relationship by addressing supply agreements and other mutually beneficial initiatives related to the beryllium industry. Under the terms of the Agreements, Ulba and IBC have committed to favourable multiple-year supply commitments for beryllium metal and beryllium copper master alloys. These Agreements will allow better forward planning practices for both companies and also support Ulba and IBC’s international growth initiatives.

“We are very pleased to have signed these important long term supply agreements with Ulba,” said Anthony Dutton, President and CEO of IBC Advanced Alloys. “Ulba is an acknowledged global leader in the beryllium sector and also an important strategic partner for IBC and we look forward to working closely with them as we build our business together.”

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