Mr. Mark Smith reports

IBC ADVANCED ALLOYS ANNOUNCES ENTERING INTO NEW TERM LOAN

Certain of IBC Advanced Alloys Corp.'s U.S. subsidiaries have entered into a term loan with Loeb Term Solutions LLC of approximately $1.78-million (U.S.), secured by a credit and security agreement. Following the repayment of the company's equipment loan with Utica Equipment Finance LLC, the company expects to have approximately $1.1-million (U.S.) available for working capital.

The term loan will accrue interest at an annual rate equivalent to the prime rate plus 6.5 per cent. Approximately $230,000 (U.S.) of the term loan has a term of two years and $1.55-million (U.S.) of the term loan has a term of three years. The term loan is subject to customary terms for similar agreements in the United States manufacturing sector.

About IBC Advanced Alloys Corp.

IBC is a leading beryllium and copper advanced alloys 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 and Massachusetts. The company's common shares are traded on the TSX Venture Exchange under the symbol IB and the OTCQB under the symbol IAALF.

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