Mr. Mark Smith reports

IBC ADVANCED ALLOYS ANNOUNCES AMENDMENT OF EXISTING CREDIT FACILITIES

IBC Advanced Alloys Corp. has entered into amendments with Mark Smith (the lender), chairman and chief executive officer of the company, to extend the maturity dates of two existing credit facility agreements with the lender until Dec. 31, 2026. All other terms of the existing loan agreements, including the interest rate of 10 per cent per annum, remain as described in the company's press releases dated Aug. 19, 2022, June 19, 2023, Oct. 3, 2023, Dec. 31, 2024, and June 10, 2025.

As of the date hereof, there is approximately $2.9-million (U.S.) in principal outstanding under the existing loan agreements, as amended. The amendments are subject to the approval of the TSX Venture Exchange.

The amendments involve a related party (as such term is defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions), specifically a director and senior officer of the company, and constitute related party transactions under MI 61-101. These transactions are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(b) and 5.7(1)(f) of MI 61-101, as the company is not listed on the markets specified by Section 5.5(b) of MI 61-101, and the amendments are on reasonable commercial terms and not convertible into or repayable in equity or voting securities of the company.

About IBC Advanced Alloys Corp.

IBC is a leading advanced copper alloys manufacturer serving a variety of industries such as defence, aerospace, automotive, telecommunications, precision manufacturing and others. At its vertically integrated production facility in Franklin, Ind., IBC manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper and aluminum bronze. 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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