International Beryllium Grants Stock Options and Seeks to Reduce the Exercise Price of Existing Options

VANCOUVER, BC – February 13, 2009 – International Beryllium Corporation (TSX-V: IB) (“IBC” or the “Company”) reports that it has granted incentive stock options to directors and officers of the Company, as well as to the senior management and certain key employees of IBC and its wholly owned operating subsidiaries, Nonferrous Products, Inc. and Freedom Alloys, Inc., for the purchase of an aggregate of 4,120,000 common shares of the Company at an exercise price of $0.15 each until February 12, 2014. The options are being granted pursuant to the terms of the Company’s stock option plan.

The Company also reports that it intends to reduce the exercise price of 4,344,000 of the existing 5,449,000 incentive stock options that have current exercise prices of between $0.50 and $0.83. This will be done subject to TSX Venture Exchange (the “Exchange”) acceptance, board approval, as well as, in the case of insiders of the Company, the approval of a majority of disinterested shareholders. The Company intends to seek such disinterested shareholder approval in accordance with Exchange policy at the next annual meeting of shareholders. If approved, each of the subject option holders will have the exercise price of their options reduced to $0.15 per share. There will be no change to the expiry date of the options.

About International Beryllium Corporation
International Beryllium Corporation is a global exploration, development and manufacturing company focused on advanced alloys, in particular, beryllium, beryllium oxides and beryllium master alloys. Advanced alloys are used in a broad range of specialized industrial applications such as nuclear power, oil and gas, defense, electronics and automotive. International Beryllium Corporation’s common shares are traded on the TSX Venture Exchange under the symbol IB.

For additional information please contact:
International Beryllium Corporation
Anthony Dutton, CEO
(604) 685-6263 ext 111
Email: [email protected]