IBC Advanced Alloys Appoints Nuclear Fuels Expert Joel Gingold to Its Nuclear Fuels Advisory Board

VANCOUVER, BRITISH COLUMBIA, Jul 07 (MARKET WIRE) --
IBC Advanced Alloys Corp. (TSX VENTURE: IB) ("IBC" or the Company) is
pleased to announce that it has appointed Joel Gingold, an independent
nuclear fuel consultant, to the IBC nuclear fuels advisory board. The
advisory board's role is to assist the Company with its strategic plan to
commercialize the nuclear fuel technology currently being developed by
Purdue and Texas A&M Universities in partnership with IBC.

Mr. Gingold's career has focused principally on all aspects of nuclear
fuels. In 2005, he retired as Vice President and General Manager of
Stoller Nuclear Fuel Division of NAC International. In this capacity he
performed a variety of assignments in nuclear fuel fabrication and fuel
performance for utilities, industry associations, government agencies,
consulting firms and other organizations. Prior to NAC's acquisition of
Stoller Nuclear Fuel in 1997, Mr. Gingold served as Vice President of
Stoller Corporation and Manager of its Nuclear Fuel Division and served
on Stoller's board of directors.

Mr. Gingold's distinguished career in nuclear fuels has given him an
excellent understanding of nuclear fuel design issues, fuel procurement,
quality assurance and nuclear fuel performance. He has worked with
numerous major utilities on nuclear fuel related assignments and
government agencies in the U.S., Western and Eastern Europe, Asia and
Latin America. Mr. Gingold has also been involved with uranium
enrichment, fabrication, spent fuel management and other fuel cycle
services for utilities, producers and government agencies. He currently
works as a consultant with a variety of nuclear industry participants,
including the UxC Consulting Company, headquartered in Roswell, Georgia.

IBC signed a collaborative research agreement with Purdue University in
August 2008 to advance the university's existing nuclear fuels research
program and to develop a new type of beryllium oxide enhanced nuclear
fuel that has higher thermal conductivity and is therefore potentially
longer lasting, more efficient and safer than current uranium-based
nuclear fuels. The objective of the research is to commercially develop a
nuclear fuel for optimal use in both current and future nuclear reactors.

"I am very pleased to be joining IBC's advisory board and to support
their nuclear fuels initiative," said Mr. Gingold. "I know from long
experience that reactor safety and fuel performance are two of the most
important issues facing the nuclear industry today affecting consumers,
fabricators and regulators alike. IBC's advanced UO2 - BeO high
conductivity fuel," continued Gingold, "has the potential to enhance
reactor safety and to improve fuel performance by running cooler and
lasting longer than conventional nuclear fuels. I am looking forward to
working with IBC to advance this important industry initiative."

"We are delighted to have Joel join IBC and our advisory board," said
Anthony Dutton, President and CEO of IBC. "We are committed to high
conductivity nuclear fuels and their potential contribution to a more
efficient, economically sound and safer nuclear power industry. We look
forward to working with Mr. Gingold," continued Dutton, "as we advance
this initiative on behalf of shareholders and the nuclear fuels industry."

Mr. Gingold received his Bachelor's Degree in Electrical Engineering from
Rensselaer Polytechnic Institute and graduated from the U.S. Navy
Advanced Nuclear Power School. He has authored numerous papers and
articles on all aspects of the nuclear fuel cycle including utilization
of high burn-up and MOX fuel and on the factors affecting the reliability
of nuclear fuel.

IBC has granted incentive stock options to Mr. Gingold, for the purchase
of 100,000 common shares of the Company, at an exercise price of $0.15.
The options have a five-year term and vest in accordance with the
policies of the TSX Venture Exchange, expiring July 3, 2014.

The options are being granted pursuant to the terms of the Company's 2008
stock option plan and are subject to TSX Venture Exchange policies and
approval.

About IBC Advanced Alloys Corp.

IBC Advanced Alloys Corp. is an integrated manufacturer and distributor
of beryllium based alloys and related products serving a variety of
industries including nuclear energy, automotive, telecommunications and a
range of industrial applications. IBC has 61 employees and is
headquartered in Vancouver, Canada with production facilities in
Pennsylvania and Indiana. Additionally, IBC owns prospective beryllium
properties in Brazil and 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 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 is creating a
dynamic global beryllium and advanced alloys company; (ii) the target
company is an attractive high-growth opportunity for IBC; (iii) the
proposed acquisition will successfully consolidate IBC's growing
manufacturing and distribution base; and (iv) the proposed acquisition
will increase the diversity and reach of its specialty alloys business.

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; (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. 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.

Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.

Contacts:
IBC Advanced Alloys Corp.
Ian Tootill
Director of Corporate Communications
(604) 685-6263 ext 110
(604) 687-8678 (FAX)
itootill@ibcadvancedalloys.com
www.ibcadvancedalloys.com

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