Mr. Mark Smith reports

IBC ADVANCED ALLOYS PROMOTES JENNY GIPSON TO PRESIDENT OF ITS NONFERROUS DIVISION

IBC Advanced Alloys Corp. has promoted Jenny Gipson to president of its non-ferrous division, which operates the company's vertically integrated copper alloys production facility in Franklin, Ind.

Ms. Gipson was named in April as IBC's vice-president of operations. This new promotion places her as head of the company's copper alloys division, replacing Mark Wolma, who is retiring after more than 18 years at IBC.

"On behalf of the board of directors, I am very pleased to promote Jenny to this new leadership position at IBC," said Mark A. Smith, chairman and chief executive officer of IBC. "Jenny has shown outstanding initiative, strong leadership skills and an inspiring vision for the future of our copper business. She is taking over just as we are experiencing relatively strong and rising demand for our copper and copper alloy products."

Mr. Smith added, "Given her more than 25 years in the forging industry, Jenny is very well positioned to help us take IBC to the next level of performance, product innovation, and revenue."

"I am very grateful to IBC for this tremendous opportunity, and I look forward to helping lead our team at a particularly exciting time in our industry," Ms. Gipson said. "The copper business is experiencing a broad-based rebound in terms of demand and pricing, and there clearly is growing preference for copper consumers to buy American where possible. We see a variety of opportunities for growth across many different industrial and defense sectors that we serve, and I'm excited about IBC's future."

Ms. Gipson has worked at IBC since 2020, serving as program manager, production co-ordinator, vice-president of operations, and now president of the non-ferrous division. In this capacity, she will report to Mr. Smith and will be responsible for oversight of daily operations of the copper alloys division.

Prior to working for IBC, Ms. Gipson worked in several positions of increasing responsibility with Fountaintown Forge in Indiana, including 14 years as a vice-president of operations.

"The entire team at IBC expresses our heartfelt thanks and deep appreciation for the many years of selfless service and outstanding leadership shown by Mark Wolma, who is retiring as of this week," Mr. Smith said. "In addition to helping IBC serve hundreds of customers over the years, Mark led the successful effort to consolidate multiple copper alloy facilities and expand and vertically integrate our Franklin plant, which has positioned our company for even greater future success. We thank him for his tireless efforts and leadership and we wish him the best in a well-deserved retirement."

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 Venture Exchange under the symbol IB and the OTCQB under the symbol IAALF.

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