======================================================================
International Beryllium Corporation Closes Acquisition of Rare
Earths Limited, LLC.
======================================================================

VANCOUVER, BC - May 15, 2008 - International Beryllium Corporation
(TSX-V: IB) ("IBC" or the "Company") is pleased to announce that it has
successfully closed the acquisition of Rare Earths Limited, LLC
("REL"), a private Colorado-based mining and mineral exploration
company.

This transaction is further to the Company's news release dated January
17, 2008, which announced the signing of a binding letter of intent to
acquire REL. Pursuant to the letter agreement, IBC paid an aggregate of
US$40,000 and issued one million common shares (the "IBC Shares") with
a deemed value of US$0.50 per share and now holds all the issued and
outstanding shares of REL. The IBC Shares are subject to a hold period
which expires on September 10, 2008.

REL owns a comprehensive reference library detailing beryllium mines,
deposits and occurrences worldwide; complemented by extensive geologic,
topographic, and bathymetric databases and a world class library of
satellite imagery.

"The REL acquisition is an important and strategically significant
building block for IBC as we expand our footprint across the global
beryllium mine to market value chain," said Anthony Dutton, President
and CEO of IBC. "The principals of REL have unmatched geological and
geotechnical experience and familiarity with virtually all known areas
of beryllium mineralization around the world and are integral to our
ongoing mineral asset acquisition program. We are very happy to have
the benefit of their unrivalled experience and expertise as we continue
to evaluate additional global mineral opportunities."

This acquisition was approved by the TSX Venture Exchange ("TSX-V") on
February 28, 2008.

This news release was prepared by management of IBC, 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.

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 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

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 REL will grow into a strong vertically integrated international
beryllium company (ii) IBC is looking forward to a successful
integration and growth in market share and shareholder value for IBC;
and (iii) IBC 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 IBC does not execute its business plan; (ii) the
inability of IBC 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 IBC'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
======================================================================
.