IBC Advanced Alloys Vice President of Nuclear Fuel Jim Malone Appointed Chairman of Hathor Exploration

VANCOUVER, BC – January 28, 2011 – IBC Advanced Alloys Corp. (TSX-V:IB) (“IBC” or the “Company”) announces that Jim Malone, IBC’s Vice President of Nuclear Fuel, has been appointed as Chairman of the Board of Hathor Exploration Ltd. (TSX-V:HAT). This appointment, and Mr. Malone’s leadership, reinforce Hathor’s transition from a junior explorer to a uranium exploration and development company.

Mr. Malone is widely recognized as a nuclear industry and nuclear fuel expert, with more than 40 years of experience in the downstream business, most recently as vice-president, nuclear fuels, Exelon Generation Co. LLC, the largest generator of nuclear power in North America. His knowledge of the global uranium supply-demand balance and sales contract platforms provides for open communication between Hathor and various North American nuclear companies and industry partners.

“IBC is very pleased to see Jim’s long and highly respected nuclear industry experience acknowledged by Hathor,” said Anthony Dutton, President and CEO of IBC Advanced Alloys. “Jim joined IBC as Vice President of Nuclear Fuels in 2010 and had an immediate and positive impact on our Company’s beryllium oxide nuclear fuel development program. His understanding of the nuclear fuels industry and uranium cycle,” continued Dutton, “has been very helpful to our nuclear fuels R&D program. I congratulate him on his most recent appointment and hope that we will have the opportunity to develop corporate synergies with Hathor and IBC.”

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 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”. See IBC on Facebook.

IBC Advanced Alloys Corp.
Ian Tootill, Director of Corporate Communications
(604) 685-6263 ext 110
Email: [email protected]
Website: www.ibcadvancedalloys.com