IBC Advanced Alloys Corp. is pleased to announce that it has signed a definitive agreement to acquire Beralcast Corporation. Beralcast is a private Nashua, New Hampshire-based specialty alloy manufacturing business that owns proprietary and patented technology for a castable beryllium aluminium alloy that is currently used in a wide variety of aerospace and advanced technology applications. IBC will also acquire manufacturing know-how and equipment, trade rights, marketing and supply agreements and will retain certain key personnel. The proposed acquisition, previously announced in an October 29, 2009 news release, is an arm's length transaction.

Under the terms of the Agreement, IBC, through its wholly owned subsidiary IBC US Holdings, Inc., will acquire all of the shares of Beralcast from two individuals. The purchase consideration is US$2,250,000 in cash and a number of common shares of IBC equal to C$2,254,000 divided by the unit price of the financing undertaken to fund the purchase. Pursuant to the policies of the TSX Venture Exchange, the IB Shares issuable will be subject to a hold period of four months and one day from the date on which they are issued. Completion of the acquisition is subject to several conditions including IBC completing a financing and TSXV approval. On completion of the acquisition, scheduled for March 17, 2010, IBC US will hold all of the issued and outstanding shares of Beralcast. No finder's fee is payable in connection with the acquisition. There can be no assurance that the proposed acquisition will be completed as described, or at all.

"IBC Advanced Alloys is very pleased to have signed this important acquisition agreement with Beralcast," said Anthony Dutton, President and CEO of IBC. "The Beralcast acquisition represents an important milestone for IBC and they will be a critical building block as we implement IBC's vertically integrated strategy of becoming a global supplier of rare metals and advanced alloys. Beralcast has an outstanding client base with a US military approved product for advanced aerospace applications," continued Dutton, "and we look forward to working closely with the Beralcast team, their new and existing customers to grow this tremendously exciting opportunity."

The Beralcast family of alloys can be used in virtually any commercial and military application requiring complex, lightweight, and/or high-stiffness parts. In general, they serve as a higher performance and/or lower cost replacement materials for cast aluminium, magnesium, titanium, metal matrix composites, non-metallic composites, and pure beryllium or powder metallurgy beryllium-aluminium. Some of the varied applications include disk drive armatures, automotive braking and engine components, advanced cycling rims and aerospace and satellite system components.

Beralcast alloys are more than three times stiffer than aluminium with 22% less weight and can be precision-cast to simple and complex configurations. This material is very lightweight with a high modulus of elasticity and can be precision cast for three-dimensional stability. Beralcast is ideally suited for certain demanding semiconductor manufacturing equipment, computer components and other commercial and aerospace applications and allows for a near-net shape to be cast for maximum manufacturing efficiencies.

Binary beryllium aluminium alloys were developed by a private American corporation, which was originally a metallurgical laboratory affiliated with the Massachusetts Institute of Technology, in cooperation with Lockheed Martin. Beralcast owns the intellectual property relating to the more advanced development of this technology, which is a proprietary and patented castable metal matrix composite beryllium aluminium alloy now manufactured as Beralcast which no one, to the best of the manufacturer's knowledge and inquiry, has been able to duplicate commercially.