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To: Rocket Red who wrote (81944)5/30/2011 10:18:07 AM
From: TheSlowLane  Read Replies (2) | Respond to of 233864
 
IBC Advanced Alloys Appoints Retired U.S. Marine Corps. Major General David Heinz to the Board of Directors

Appointment Strengthens Key Aerospace Market Expertise
Published Monday, May 30, 2011 7:00 am

VANCOUVER, BC – May 24th, 2011 – IBC Advanced Alloys Corp.
(TSX-V: IB) (“IBC” or the “Company”) is
pleased to announce the appointment of Major General David Heinz as an
independent director of the Company effective May 24, 2011.

MajGen Heinz is a highly decorated retired senior U.S. Marine
Corp. officer whose most recent military assignment was the as the Program
Executive Officer (PEO) for the F-35 Lightning II Program in Arlington, VA. MajGen
Heinz has served in the U.S. military, in a variety of senior positions including
systems avionics instructor at the U.S. Naval Test Pilot School, Regimental Air
Officer to 1st Marine Regiment in Camp Pendleton, Deputy Department
Head for the Aviation Weapons Systems Requirements Branch (APW) at
Headquarters, Marine Corps and Deputy Director for Operations, National
Military Command Center, J-3, Joint Staff, Pentagon.

“I am very excited to be joining IBC’s board
and I look forward to providing assistance and guidance where I can,” said
MajGen Heinz. “IBC Advanced Alloys, especially their Engineered Materials
division, is primed to take advantage of strategic opportunities within the
specialty alloys market and I believe there is strong growth potential for new
applications within the aerospace and defense industries.”

MajGen Heinz is currently the Vice President
of Maritime Systems for iRobot based in Durham, North
Carolina. iRobot serves the commercial, government and military markets with
leading edge robotic solutions. The Company also performs advanced robotics
research, funnelling the resulting technologies into iRobot product lines that
cover a variety of mission critical applications. In 2010 iRobot generated approximately $401.0 million in revenue and
employed more than 600 of the robot industry’s top professionals, including
mechanical, electrical and software engineers and related support staff. iRobot
stock trades on the NASDAQ stock market under the ticker symbol IRBT.

MajGen Heinz graduated from the U.S. Naval Academy in 1978
with a Bachelor of Science Degree in Systems Engineering. He also has a Master
of Science degree in Computer Science with a subspecialty in Artificial
Intelligence from the Florida Institute of Technology and a Master of Arts
degree in National Security and Strategic Studies from the Naval Warfare
College. His decorations include the Defense Superior Service Medal, Legion of
Merit, Meritorious Service Medal with Gold Star, Air Medal with bronze numeral
4, Navy Commendation Medal with three gold stars and the Navy Achievement
Medal. He has flown over 3,000 flight hours in 22 T/M/S aircraft.

“We are delighted to welcome Major General
Heinz to the IBC team”, stated Anthony Dutton, President and CEO of IBC. “He
brings a profound understanding of military and defense operations, a strong
network, and excellent leadership qualities to the Company; all of which are invaluable
to IBC as we expand our operations and product distribution, specifically with
our Engineered Materials division.”

MajGen Heinz replaces Mr. Lee Rice on the board of directors. The
Company thanks Mr. Rice for his service on the board. Mr. Rice will continue to
work with the Company on its mineral exploration plans.

The Company has granted 400,000 incentive
stock options to MajGen Heinz. The options are exercisable at a price of $0.26 for
a period of five years.

ibcadvancedalloys.com



To: Rocket Red who wrote (81944)5/30/2011 10:27:51 AM
From: Boolish  Read Replies (1) | Respond to of 233864
 
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