Mr. Mark Smith reports

IBC ADVANCED ALLOYS ANNOUNCES INCREASED NON-BROKERED PRIVATE PLACEMENT TO C$550,000

Further to the press release dated April 12, 2019, IBC Advanced Alloys Corp.'s non-brokered private placement has been increased to a maximum of up to 2.5 million units of the company at a price of 22 cents per unit for gross proceeds to the company of up to $550,000. There is no minimum offering amount.

Each unit will consist of one common share of IBC and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share of the company at a price of 28 cents at any time prior to the date which is three years following completion of the offering.

It is anticipated that the private placement will close on or before April 22, 2019, and is subject to the completion of formal documentation, receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange, and other customary conditions.

Proceeds of the private placement will be used for working capital and general corporate purposes.

The offering will take place by way of a private placement to qualified investors in such provinces of Canada (except Quebec) as the company may designate, and otherwise in those jurisdictions where the offering can lawfully be made, including the United States under applicable private placement exemptions.

It is expected that certain directors and officers of the company will participate in the offering, and therefore the proposed issuance of the common shares under the offering constitutes a related-party transaction under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of any securities issued to, nor the consideration paid by, such persons would exceed 25 per cent of the company's market capitalization.

All of the securities sold pursuant to the offering will be subject to a four-month hold period, which will expire four months and one day from the date of closing.

About IBC Advanced Alloys Corp.

IBC is a leading beryllium and copper advanced alloy company, serving a variety of industries, such as defence, aerospace, automotive, telecommunications, precision manufacturing and others. IBC's copper alloys division manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper and aluminum bronze. IBC's engineered materials division makes the Beralcast family of alloys, which can be precision cast and are used in an increasing number of defence, aerospace and other systems, including the F-35 Joint Strike Fighter. IBC has production facilities in Indiana, Massachusetts, Pennsylvania and Missouri.

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