[NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR FOR DISSEMINATION IN THE UNITED STATES]FRANKLIN, Ind., Nov. 27, 2020 (GLOBE NEWSWIRE) -- IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) announced that it has closed on a second funding under the previously announced convertible security funding agreement (the “Agreement”) with Lind Global Macro Fund, LP, an entity managed by The Lind Partners, LLC, a New York based institutional fund manager (together, the “Investor” or “Lind”). Lind advanced to the Company C$1,400,000, less a closing fee of C$70,000, in consideration for the issuance of a convertible security (the “Convertible Security”) in the principal amount of C$1,400,000 and an aggregate face value of C$1,680,000. The Convertible Security has a 24 month term and is convertible into up to 9,172,413 common shares of the Company at a conversion price of C$0.145 per share. Lind also received 9,172,413 common share purchase warrants, exercisable for 24-months from the date of issue with an exercise price of C$0.145. The proceeds will be used for working capital and general corporate purposes.Further details of the Agreement can be found in a news release dated May 21, 2019.The Agreement and the issuance of securities thereunder were conditionally approved by the TSX Venture Exchange on November 23, 2020. The transactions described herein are subject to final approval of the TSXV.This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.For more information on IBC and its innovative alloy products, go here.On Behalf of the Board of Directors:"Mark Smith”Mark Smith P.E., Esq. , CEO & ChairmanContact:Mark A. Smith, CEO & Chairman Jim Sims, Director of Investor and Public Relations +1 (303) 503-6203 Email: email@example.com Website: www.ibcadvancedalloys.com@IBCAdvanced $IB $IAALF Beryllium BeralcastAbout 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".About The Lind Partners, LLCThe Lind Partners is a New York-based institutional fund manager and leading provider of growth capital to small- and mid-cap companies publicly traded in Australia, Canada, US and the UK. Lind’s core investment strategy is to provide new growth capital via direct investment with initial investments ranging from $1 to US$25 million plus follow-ons. Lind also invests in syndicated equity offerings and selectively trades on market. Founded in 2011, Lind has completed over 100 direct investments totaling over $1 Billion in total value and has established a reputation as a flexible and supportive capital partner to investee companies. For more information, please visit http://www.thelindpartners.com.Cautionary StatementsThe 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.Certain information contained in this news release may be forward-looking information or forward-looking statements as defined under applicable securities laws. Forward-looking information and forward-looking statements are often, but not always identified by the use of words such as "expect", "anticipate", "believe", "foresee", "could", "estimate", "goal", "intend", "plan", "seek", "will", "may" and "should" and similar expressions or words suggesting future outcomes. This news release includes forward-looking information and statements pertaining to, among other things, the expected use of proceeds. Forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the impact of general economic conditions in the areas in which the Company or its customers operate, including the semiconductor manufacturing and oil and gas industries, risks associated with manufacturing activities, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. As a result of these risks and uncertainties, the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.Please see “Risks Factors” in our Annual Information Form available under the Company’s profile at www.sedar.com, for information on the risks and uncertainties associated with our business. Readers should not place undue reliance on forward-looking information and statements, which speak only as of the date made. The forward-looking information and statements contained in this release represent our expectations as of the date of this release. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information or statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.