=======================================================================
Re: News Release - Thursday, June 12, 2008
International Beryllium Acquires 100% Of The Boomer Mine In
Colorado
=======================================================================
VANCOUVER, B.C. - JUNE 12, 2008 - INTERNATIONAL BERYLLIUM CORPORATION
(TSX-V: IB) ("IB" or the "Company") is pleased to announce that it has
exercised its rights under a trust agreement signed on the 1st of
September 2007 and acquired a 100% interest in the Boomer mine located
in Park County, Colorado. It is comprised of two patented mining
claims: the Boomer and East Boomer lodes consisting of 20.560 acres.
The Boomer mine was historically the second largest producing beryllium
mine in the United States from 1948 until 1963 and was the largest
beryllium ore producer in 1958. An additional 33-1/3% interest in the
adjacent 9.395-acre J.S. Lode also was acquired.
The Boomer mine, located in Section 21 of Township 11 South, Range 72
West (T11S R72W), lies within the Lake George beryllium area, a
prolific beryllium-producing area of South Park, Park County, Colorado.
It is well-supplied with electricity, water and telephone, and is
readily accessible along an established road system. The Boomer mine
produced a majority of the beryllium ore (beryl and bertrandite) mined
in Colorado from 1948 until 1969 and over 50% of the total US
production during that period according to the U.S. Bureau of Mines
Minerals Yearbooks. Mining operations were discontinued in the early
1970s due to a legal dispute between the operating partners.
USGS Scientists, Dr. Wallace R. Griffitts and Dr. Charles C. Hawley,
who evaluated the Boomer mine in the 1960s (e.g., USGS Professional
Papers 608-A & B and USGS Circular 597), were of the opinion that the
Boomer mine retained more than 50% of its mineable reserves. Ore
reserves will have to be confirmed by systematic drilling, geochemical
sampling, and by geophysical and geological evaluations. The Company
confirms that the previous reserves are now a historical resource.
"We are delighted to have secured 100% ownership of the Boomer Mine and
to integrate it into our growing international portfolio of high impact
beryllium mineral properties," said Anthony Dutton, CEO and President
of IB. "Our current mineral focus is to continue to source, evaluate
and acquire additional high quality properties and to grow our global
resource base. Available data indicates the Boomer mine will become a
significant and valuable asset for IB which will be confirmed by a work
program in the near future."
According to Lindsey Maness, IB's VP Exploration, "The unusually rich
Boomer mine has historically been an excellent source of
easily-extracted high-grade beryllium ore. Recent preliminary
investigations, including several site visits and an ongoing analysis
of all available data, including USGS notes", continued Maness,
"strongly suggest the Boomer mine has significant potential as an
economic beryllium producer."
About International Beryllium Corporation
International Beryllium Corporation is a global exploration and
development company focused on beryllium, beryllium oxides and
beryllium master alloys. Beryllium and related alloys are used in a
broad range of specialized industrial applications such as nuclear
power, defence, electronics, specialty ceramics and automotive.
International Beryllium's common shares are traded on the TSX Venture
Exchange under the symbol IB.
International Beryllium Corporation
Anthony Dutton, CEO
(604) 689-1515 ext 111
Email: adutton@internationalberyllium.com
Website: www.internationalberyllium.com
This news release was prepared by IB management, which takes full
responsibility for its contents. The TSX-V has not reviewed and does
not accept responsibility for the adequacy or accuracy of this news
release.
Legal Notice Regarding Forward Looking Statements
This news release contains "forward-looking statements," as that term
is defined in Section 27A of the United States Securities Act of 1933,
as amended, and Section 21E of the United States Securities Exchange
Act of 1934, as amended. Statements in this news release which are not
purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Such forward-looking statements include, among
others, the expectations and/or claims, as applicable, that: (i) IB and
Freedom will grow into a strong vertically integrated international
beryllium company (ii) IB is looking forward to a successful
integration and growth in market share and shareholder value for IB;
and (iii) IB plans to pursue of additional downstream acquisition
opportunities and expand its manufacturing and marketing footprint in
both North American and international markets.
Actual results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among others:
(i) the risk that IB does not execute its business plan; (ii) the
inability of IB to keep pace with market requirements; (iii) the
Company's inability to maintain key relationships with suppliers and
customers; (iv) the Company not being able to retain key employees; (v)
competitors providing better or cheaper products; (vi) markets for the
Company's products not developing as expected; (vii) the Company's
inability to finance its operations or growth; (viii) inability to
obtain all necessary government and regulatory approvals; and (ix) the
inability to effectively market the Company's products, including the
establishment of viable relationships with third parties; (x)
fluctuating beryllium prices may negatively impact IB's business plans
and strategies. These forward-looking statements are made as of the
date of this news release and the Company assumes no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the forward-looking
statements. Although the Company believes that the beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance those beliefs, plans,
expectations, or intentions will prove to be accurate.
=======================================================================
Copyright (c) 2008 INTERNATIONAL BERYLLIUM CORPORATION (IB) All rights
reserved. For more information visit our website at
http://www.internationalberyllium.com/ or send
mailto:ba@primarycapital.net
=======================================================================
.