IBC Advanced Alloys Announces Increase to Private Placement Due to Strong Demand

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2016) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

IBC Advanced Alloys Corp. (TSX VENTURE:IB)(IAALF) ("IBC" or the "Company") announces that, due to strong demand, the Company has determined to increase the size of the previously announced C$5,500,000 private placement offering (see news release dated April 7, 2016), and will now accept subscriptions for up to C$7,000,000 (the "Private Placement").

Pursuant to the Private Placement, the Company may issue up to 18,666,666 post-consolidation units ("Units") at an issue price of C$0.375 per Unit.

Each Unit will consist of one post-Consolidation common share of IBC and one transferable share purchase warrant ("Warrant"). Each Warrant shall be exercisable to acquire an additional post-Consolidation common share of IBC at a price of C$0.50 for a period of five years from the closing date. The Warrants will contain an acceleration provision, whereby in the event IBC trades at C$2.50 or greater for 21 consecutive trading days at any time after the two-year anniversary of the Warrant issuance, Warrant holders will have 60 days within which to exercise their Warrants, failing which the Warrants will expire.

The Consolidation and Private Placement are subject to the approval of the TSX Venture Exchange ("TSX-V"). The securities to be issued will be subject to a four-month-and-one-day resale restriction.

On behalf of the Board of Directors,

IBC ADVANCED ALLOYS CORP.

David "Duncan" Heinz, MajGen, USMC (ret)

About IBC Advanced Alloys Corp.

IBC is a leading advanced alloys and precision castings company serving a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications. IBC has 77 employees and is headquartered in Vancouver, Canada with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. 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" and the OTCQB under the symbol "IAALF."

This news release was prepared by management of IBC, which takes full responsibility for its contents. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. 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.

This release does not constitute an offer to sell or a solicitation of an offer to buy of any of the Company's securities in the United States. The securities described herein 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, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom.