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Re: News Release - Monday, June 16, 2008
International Beryllium Completes Staking of Colorado Beryllium
Mineral Claims
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VANCOUVER, BC - June 16, 2008 - International Beryllium Corporation
(TSX.V:IB) ("IB") is pleased to announce that it has completed staking
of 517 mineral claims in the Lake George area of Colorado, a well known
zone of beryllium mineralization that also includes the Boomer mine
owned by IB. The staked area is approximately 10,585 acres (4,284 ha)
and includes the former beryllium producing areas of China Wall,
Redskin Gulch and other former producing claims and workings.
View Map:
http://www.internationalberyllium.com/i/maps/2008-06-16_NRM.gif
Studies conducted by the U.S. Geological Survey and by the U.S. Bureau
of Mines in the 1960s confirmed the extent and grades of the beryllium
deposits in this area. Geochemical studies reported in U.S. Geological
Survey Circular 597 showed the widespread beryllium mineralization in
the area. Mineralogical properties and geologic characteristics of the
beryllium deposits in the area are detailed in U.S. Geological Survey
Professional Paper 400B and in 608A and 608B, while U.S. Bureau of
Mines Report of Investigations 6828 describes individual deposits as
well as the exploration programs and production.
"This area of Colorado has been extensively studied by impartial U.S.
Governmental agencies, as well as by private and corporate concerns,
which have confirmed the presence of beryllium mineralization.
Additionally, the area is home to the Boomer Mine, recently acquired by
IB, and which was historically the second largest beryllium mine in the
U.S. during the early 1960s." stated Lindsey Maness, IB's Vice
President of Exploration. "Further geochemical, geophysical and field
geological investigations will be used to identify and delineate any
additional ore zones that may be suitable for mining and to incorporate
our findings into a thorough resource estimate for the entire Lake
George area."
"We are very pleased to have secured such a large and potentially
valuable claim area so close to a known historical beryllium
operation," said Anthony Dutton, CEO and President of IB. "Such
opportunities do not present themselves often and we are very excited
to have successfully completed our claim program in such a well known
area of beryllium mineralization. These claims will complement nicely
our growing portfolio of beryllium properties and beryllium mineral
claims and form an important component of our growth strategy going
forward."
About International Beryllium Corporation
International Beryllium Corporation is a global exploration and
manufacturing 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 management of IB, which takes full
responsibility for its contents. The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or
accuracy of this news release. There can be no assurance that the
proposed acquisition will be completed as described, or at all.
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.
View News Release & Map in PDF Format:
http://www.internationalberyllium.com/i/pdf/2008-06-16_NRM.pdf
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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
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