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Re:   News Release - Tuesday, February 10, 2009
      International Beryllium Signs Letter of Intent to Acquire  Master
      and Specialty Alloy Manufacturer and Processor
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VANCOUVER, BC - February 10, 2009 - International Beryllium Corporation
(TSX-V: IB) ("IBC") is pleased to announce that it has signed a letter
of intent ("LOI") dated February 4, 2009 to acquire, through its
subsidiary IBC US Holdings, Inc., all of the shares of a master and
specialty alloy manufacturer and processing company (the "Target"). The
proposed transaction is a non-arm's length transaction as Denis Brady,
a shareholder of the Target, is also a director of IBC. The transaction
is contemplated to be non-dilutive to existing shareholders and there
will be no finder's fee payable. Completion of the proposed transaction
is subject to several conditions including customary due diligence and
approval by the boards of directors of IBC and the Target; the
shareholders of the Target; and the TSX Venture Exchange. There can be
no assurance that the transaction will be completed as proposed or at
all.

The Target is based in the United States where it manufactures and
processes a range of master and casting alloy products, including
beryllium copper. Its manufacturing infrastructure and processes are
complementary to IBC's recent acquisitions of Nonferrous Products, Inc.
and Freedom Alloys, Inc., and will further integrate IBC's
manufacturing value chain. The Target has a lengthy history of
producing a range of master alloys, which can be made to meet a variety
of commercial specifications, for both North American and international
customers.
 
"We are very pleased to have signed a letter of intent to acquire this
company," stated Anthony Dutton, President and CEO of IBC. "Its
manufacturing capabilities will further enhance IBC's development as a
vertically integrated global beryllium company. It will allow us to
improve our manufacturing efficiencies and production levels in order
to increase our market presence both in North America and
internationally. We are focused on increasing our production levels to
better service our customers," continued Dutton, "and we look forward
to integrating this new opportunity with our other manufacturing
divisions to continue growing our business as an advanced alloy
company".

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, oil and gas, defense, electronics and automotive. International
Beryllium's common shares are traded on the TSX Venture Exchange under
the symbol IB.

For additional information please contact:
International Beryllium Corporation
Anthony Dutton, CEO
(604) 685-6263 ext 111
Email: adutton@internationalberyllium.com
Website: www.internationalberyllium.com

This news release was prepared by management of IBC, which takes full
responsibility for its contents.  The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy 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) IBC
and the Target will develop into a strong vertically integrated
international beryllium company (ii) IBC is expecting to improve its
manufacturing efficiencies and production levels in order to increase
its market presence both in North America and internationally; and
(iii) IBC is focused on increasing production levels to better service
its customers, and (iv) IBC plans to grow its business as an advanced
alloy company.

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 IBC does not execute its business plan; (ii) the
inability of IBC to keep pace with market requirements; (iii) IBC's
inability to maintain key relationships with suppliers and customers;
(iv) IBC not being able to retain key employees; (v) competitors
providing better or cheaper products; (vi) markets for IBC's products
not developing as expected; (vii) IBC'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 IBC's products, including the establishment of
viable relationships with third parties; (x) fluctuating beryllium
prices may negatively impact IBC's business plans and strategies; (xi)
IBC's ability to close the purchase of the Target; and (xii) IBC's
ability to successfully integrate the Target with its other
manufacturing operations. Although IBC 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.

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Copyright (c) 2009 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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