VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 22, 2011) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

IBC Advanced Alloys Corp. (News - Market indicators) ("IBC" or the "Company") is pleased to announce that it has closed its previously announced short-form prospectus offering, raising gross proceeds of C$8,050,000 for the Company. Euro Pacific Canada Inc. and Raymond James Ltd. (collectively, the "Agents") acted as Agents for the Company with respect to the sale of 38,888,888 units ("Units") of IBC at a price of C$0.18 per Unit (the "Unit Offering"). In connection with the Unit Offering, the Company granted the Agents an over-allotment option providing for the issuance of up to an additional 15% of the Units actually sold at the closing of the Unit Offering, which the Agents exercised in order to increase the aggregate number of Units sold from 38,888,888 to 44,722,222.

Each Unit consists of one common share of IBC (a "Unit Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to purchase one common share of IBC for a price of C$0.25 per common shares until 4:30 pm (Pacific Daylight Time) on June 22, 2013.

The Agents were paid a cash commission of C$563,500 in connection with the Unit Offering and received an aggregate of 3,130,555 broker warrants to acquire up to 3,130,555 common shares at a price of C$0.18 per common share until June 22, 2013.

This press release does not constitute an offer to sell, nor is it a solicitation of an offer to buy, securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About IBC Advanced Alloys Corp.

IBC is an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products serving a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications. IBC has 80 employees and is headquartered in Vancouver, Canada with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. Additionally, IBC owns prospective beryllium properties in the Western US covering approximately 9,500 hectares. IBC is creating a dynamic global beryllium and advanced alloys company. IBC's common shares are traded on the TSX Venture Exchange under the symbol "IB".

This news release was prepared by management of IBC, which takes full responsibility for its contents.

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 management's current beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among others, the expectations and/or claims, as applicable, that: IBC is: (i) creating a dynamic global beryllium and advanced alloys company; and (ii) undertaking global growth initiatives.

Actual results could differ from those projected in any forward-looking statements due to numerous factors, many which are beyond the Company's control. 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) the inability to obtain all necessary government and regulatory approvals; (ix) the inability to effectively market IBC's products, including the establishment of viable relationships with third parties; and (x) fluctuating beryllium prices may negatively impact IBC's business plans and strategies; and other risks and uncertainties, including those described in the Prospectus dated June 14, 2011 filed with the applicable securities commissions and available on www.sedar.com. These forward-looking statements are made as of the date of this news release and IBC 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 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.