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Re:   News Release - Monday, November 03, 2008
      International Beryllium Corporation Closes Acquisition of
      Nonferrous Products, Inc.
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For Immediate Release: November 3rd, 2008

VANCOUVER, BC - International Beryllium Corporation (TSX-V:IB) ("IB" or
the "Company") is pleased to announce that it has successfully closed,
through its subsidiary IBC US Holdings, Inc., the acquisition of
Nonferrous Products, Inc., ("Nonferrous"), a profitable and growing
Indiana based beryllium metalworking and specialty alloy processing
company.

This transaction is further to the Company's news release dated October
1st, 2008, which announced the signing of a binding share purchase
agreement (the "Agreement") to acquire all of the shares of NF,
Industries Inc., the parent company of Nonferrous. Pursuant to the
Agreement, IB paid approximately US$10,500,000 made up of US$6,000,000
in cash, $US3,000,000 in vendor debt bearing interest at 8% and due in
three years and 3,000,000 common shares (the "IB Shares") with a deemed
value of $0.50 per share. The IB Shares are subject to a hold period
which expires on March 1st, 2009.

"We are extremely pleased to have successfully completed the
acquisition of Nonferrous", stated Anthony Dutton, President and CEO of
International Beryllium. "With Nonferrous 2007 revenues of US$11.4
million, IB should increase its revenue base by more than 100% and
anticipates excellent growth opportunities, especially in key overseas
markets and the oil and gas sector. Through our wholly owned
subsidiary, Freedom Alloys," continued Dutton, "we have enjoyed a long
and mutually beneficial working relationship with Nonferrous and look
forward to building on our shared vision of a vertically integrated
global beryllium industry."

"The acquisition of Nonferrous by IB is an important milestone for our
company as we join forces with a shared vision and strategy for
growth," said Denis Brady, CEO of Nonferrous. "We believe Nonferrous'
experience, global customer base and long standing industry
relationships will make a significant contribution to the excellent
potential of our combined company". We are looking forward,' continued
Brady, "to working closely with IB and Freedom as we pursue our
combined growth strategy including additional acquisition
opportunities".

This acquisition was approved by the TSX Venture Exchange ("TSX-V") on
October 30th, 2008.

This news release was prepared by management of IBC, which takes full
responsibility for its contents.  The TSX-V has not reviewed and does
not accept responsibility for the adequacy or accuracy of this news
release.

International Beryllium Corporation is a global manufacturing,
exploration and development company focused on beryllium, beryllium
oxides and beryllium master alloys. Beryllium and related alloys are
used in a broad range of specialized industrial applications such as
nuclear power, defence, electronics and automotive. International
Beryllium's common shares are traded on the TSX-V\under the symbol IB.


International Beryllium Corporation
Anthony Dutton, Chief Executive Officer
(604) 685-6263 ext 111
Email: adutton@internationalberyllium.com
Website: www.internationalberyllium.com

Legal Notice Regarding Forward Looking Statements

This news release contains "forward-looking statements," as that term
is defined in Section 27A of the United States Securities Act of 1933,
as amended, and Section 21E of the United States Securities Exchange
Act of 1934, as amended. Statements in this news release which are not
purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Such forward-looking statements include, among
others, the expectations and/or claims, as applicable, that: (i) IBC
and Nonferrous will grow into a strong vertically integrated global
beryllium company and (ii) IBC expects to increase its revenue base by
more than 100% and anticipates excellent growth.

Actual results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among others:
(i) the risk that IBC does not execute its business plan; (ii) the
inability of IBC to keep pace with market requirements; (iii) the
Company's inability to maintain key relationships with suppliers and
customers; (iv) the Company not being able to retain key employees; (v)
competitors providing better or cheaper products; (vi) markets for the
Company's products not developing as expected; (vii) the Company's
inability to finance its operations or growth; (viii) inability to
obtain all necessary government and regulatory approvals; and (ix) the
inability to effectively market the Company's products, including the
establishment of viable relationships with third parties; (x)
fluctuating beryllium prices may negatively impact IBC's business plans
and strategies. These forward-looking statements are made as of the
date of this news release and the Company assumes no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the forward-looking
statements. Although the Company believes that the beliefs, plans,
expectations and intentions contained in this press release are
reasonable, there can be no assurance those beliefs, plans,
expectations, or intentions will prove to be accurate.

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Copyright (c) 2008 INTERNATIONAL BERYLLIUM CORPORATION (IB)  All rights
reserved.  For more information visit our website at
http://www.internationalberyllium.com/ or send
mailto:ba@primarycapital.net
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