IBC Advanced Alloys Secures Extension of Line of Credit and Term Loan Facility with BMO Harris Bank

IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) announces that it has secured a renewal of its existing line of credit and term loan facility with BMO Harris Bank (”BMO”).  The renewal of both the BMO line of credit and term loan facility extends the facility until September 30, 2020.  Approximately $3.5 million is available to the Company under the line of credit, and the term loan has a maximum of approximately $1.2 million.

“We want to thank BMO Harris Bank for its continuing support of and partnership with IBC as we work to achieve the outstanding growth potential I see for this Company and its mission-critical alloy products,” said Mark A. Smith, IBC Board Chairman.

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

On Behalf of the Board of Directors:

“Mark A. Smith”

Mark A. Smith, Board Chairman

Contact:

Mark A. Smith, Board Chairman
Jim Sims, Director of Investor and Public Relations
+1 (303) 503-6203
Email: jsims@policycom.com
Website:  www.ibcadvancedalloys.com

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, Massachusetts, Pennsylvania, and Missouri.  The Company's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQB under the symbol "IAALF".