Mr. Mark Smith reports

IBC ANNOUNCES SHARE-BASED COMPENSATION TO DIRECTORS

IBC Advanced Alloys Corp.'s board of directors has approved the issuance of 3,284,736 common shares in the capital of the company at a deemed price per common share of 7.5 cents, being the closing price of the common shares on June 22, 2023, to its directors in consideration of their service to the company for the period from July, 2021, through June, 2023. The issuance of the common shares is subject to the approval of the TSX Venture Exchange. The common shares will be subject to a four-month-and-one-day hold period from the date of issuance.

Mark A. Smith, Geoffrey Hampson, Simon Anderson and Michael Jarvis currently hold an aggregate of approximately 20.2 per cent of the issued and outstanding common shares. Each issuance of common shares to the directors constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) and TSX-V Policy 5.9 (Protection of Minority Security Holders in Special Transactions). The company is relying on the exemptions from the formal valuation and minority approval requirements contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, on the basis that the fair market value of the transaction does not exceed 25 per cent of the company's market capitalization.

About IBC Advanced Alloys Corp.

IBC Advanced 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 Advanced'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 Advanced's engineered materials division makes the Beralcast family of alloys, which can be precision cast and used in an increasing number of defence, aerospace and other systems, including the F-35 Joint Strike Fighter. IBC Advanced has production facilities in Indiana and Massachusetts. The company's common shares are traded on the TSX-V under the symbol IB and the OTCQB under the symbol IAALF.

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