Beryllium Copper Alloys by IBC Advanced Alloys

 

IBC Extends Closing of Beralcast Acquisition

Published Monday, December 14, 2009

VANCOUVER, BC - December 14, 2009 - IBC Advanced Alloys Corp. (TSX.V:IB) ("IBC" or the "Company") announces that it has extended the closing date of the previously announced acquisition of Beralcast Corporation (the "Acquisition"). The originally scheduled closing date was January 15, 2010, however, IBC and Beralcast have mutually agreed to extend this date to March 1, 2010 to accommodate unforeseen administrative delays in connection with the Acquisition as well as seasonal considerations.

As a result of the extension of the date set for the closing of the Acquisition, the Company has decided to postpone the date originally contemplated for the closing of the proposed offering of units of the Company previously announced in a press release of the Company dated November 30, 2009 (the "Offering'). A new date of January 29, 2010 is now being targeted for the closing of the Offering.

A preliminary prospectus containing important information relating to the securities of the Company being offered for sale pursuant to the Offering has been filed with securities commissions or similar authorities in certain jurisdictions of Canada. The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from Pope & Company Limited, 15 Duncan Street, Toronto, Ontario M5H 3P9, Telephone: 416-588-6419, Attention: Russell N. Starr, Head of Institutional Sales & Trading. There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

Completion of the Offering remains subject to receipt by the Company of all necessary regulatory approvals, including that from the TSX Venture Exchange.

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 60 employees and is headquartered in Vancouver, Canada with production facilities in Pennsylvania, Indiana and Missouri. Additionally, IBC owns prospective beryllium properties in the Western US and Brazil 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".

For additional information please contact:

IBC Advanced Alloys Corp.

Ian Tootill, Director of Corporate Communications
(604) 685-6263 ext 110
Email: itootill@eragonlatrilogia.com
Website: www.eragonlatrilogia.com