IBC Advanced Alloys Corp (IAALF)

[Spartacus77]

IBC Sponsored Nuclear Fuels

Research Receives Award



R&D Receives Award from the American Nuclear Society





VANCOUVER, BC - July 10, 2012 - IBC Advanced Alloys Corp. (TSX-V: IB; OTCQX: IAALF) ("IBC" or the "Company") announces that its sponsored beryllium oxide (BeO) nuclear fuels research led by Purdue University ("Purdue") and Texas Engineering Experiment Station ("TEES"), operated by Texas A&M University, has received an award from the American Nuclear Society ("ANS").



IBC's nuclear fuels research experts, including Dr. Sean McDeavitt representing Texas A&M and Dr. Alvin Solomon, Professor Emeritus at Purdue and member of IBC's nuclear fuels advisory board, were selected at the ANS's biennial awards to receive the 2010 Significant Contribution Award from the Materials Science and Technology Division of the ANS for the paper titled, Introducing a High Thermal Conductivity UO2-BeO Nuclear Fuel Concept.



IBC remains committed to its BeO enhanced nuclear fuel research with Purdue and Texas A&M University which is focused on developing a high thermal conductivity nuclear fuel for both current and future nuclear power reactors. The aim of the R&D is to develop a commercial application of the fuel that is more efficient and safer than existing nuclear fuels and also to increase downstream demand for beryllium oxide.

"I am honoured to receive this award from the American Nuclear Society," said Dr. Sean McDeavitt, Texas A&M's lead researcher. "It is gratifying to receive peer recognition and affirmation for the quality and direction of our nuclear fuels research. The whole team at Texas A&M and Purdue," continued McDeavitt, "is looking forward to continuing our relationship with IBC as we advance this exciting technology to the next phase and hopefully closer to a commercial reality."



"IBC is very proud of the research team's contribution to developing this aspect of high thermal conductivity nuclear fuels technology and believe this recognition from their peers and the ANS is well deserved," said Anthony Dutton, President and CEO of IBC. "IBC has a history of sponsoring strategic nuclear fuels research, and we will continue to work with experts from Purdue, Texas A&M and MIT to develop and advance this intellectual property and to hopefully deliver an improved, more reliable and safer nuclear fuel."