IBC Announces Share-Based Compensation to Directors

FRANKLIN, IN / ACCESSWIRE / June 23, 2023 / IBC Advanced Alloys Corp. ("IBC" or the "Company") (TSX-V:IB)(OTCQB:IAALF) today announces that the board of directors of the Company has approved the issuance of 3,284,736 common shares in the capital of the Company ("Common Shares") at a deemed price per Common Share of C$0.075, being the closing price of the Common Shares on June 22, 2023, to its directors in consideration of their service to the Company for the period from July 2021 through June 2023. The issuance of the Common Shares is subject to the approval of the TSX Venture Exchange ("TSX-V"). The Common Shares will be subject to a four month and one day hold period from the date of issuance.

Mark A. Smith, Geoffrey Hampson, Simon Anderson and Michael Jarvis currently hold an aggregate of approximately 20.2%of the issued and outstanding Common Shares. Each issuance of Common Shares to the directors constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") and TSXV Policy 5.9 Protection of Minority Security Holders in Special Transactions. The Company is relying on the exemptions from the formal valuation and minority approval requirements contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, on the basis that the fair market value of the transaction does not exceed 25% of the Company's market capitalization.

For more information on IBC and its innovative alloy products, go here.

On Behalf of the Board of Directors:

"Mark Smith"
Mark Smith, CEO & Chairman

Contacts:

Mark A. Smith, CEO & Chairman
Jim Sims, Director of Investor and Public Relations
[phone]
Email: [e-mail]
Website: www.ibcadvancedalloys.com
@IBCAdvanced $IB $IAALF #Beryllium #Beralcast

About IBC Advanced Alloys Corp.

IBC is a leading beryllium and copper advanced alloys company serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. IBC's Copper Alloys Division manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. IBC's Engineered Materials Division makes the Beralcast® family of alloys, which can be precision cast and are used in an increasing number of defense, aerospace, and other systems, including the F-35 Joint Strike Fighter. IBC's has production facilities in Indiana and Massachusetts. The Company's common shares are traded on the TSX-V under the symbol "IB" and the OTCQB under the symbol "IAALF".