Amsterdam, 18 November 2009 --- AMG Advanced Metallurgical Group N.V.
("AMG", EURONEXT AMSTERDAM: "AMG") has agreed to loan $5.0 million to
Timminco's   wholly-owned   subsidiary,   Bécancour   Silicon    Inc.
("Bécancour"), in  exchange  for a  convertible  senior  subordinated
promissory note (the  "Convertible Note").   AMG has  also agreed  to
invest $5.0 million in Timminco  common equity (the "Common  Shares")
via a private placement of approximately 3.8 million Timminco  common
shares.

The Convertible Note will bear interest at 12%, payable quarterly  in
arrears starting  December 31,  2009 and  will mature  on January  3,
2011.  The  full principal  amount will  be convertible  into  common
shares of Timminco,  at AMG's  option at  any time,  at a  conversion
price of  C$1.58  per  share,  or  3.4  million  shares,  subject  to
customary anti-dilution adjustments.  The Convertible Note will be  a
direct, unsecured obligation of  Bécancour, subordinated to  existing
secured indebtedness of Bécancour but  senior to all other  unsecured
obligations, and guaranteed by Timminco.

AMG will purchase 3.8 million Common Shares at an 18% discount to the
last five day volume  weighted average trading price,  or a price  of
C$1.38 per share, for a total cost of $5.0 million.  The issuance  of
the Common Shares and the Convertible  Note is scheduled to close  on
or about November 23, 2009 and December 11, 2009, respectively.  Upon
completion of these financings, and  assuming the full conversion  of
the Convertible Note AMG will own approximately 47.2%.

The proceeds  of these  financings  will support  Timminco's  ongoing
turnaround program focused on  generating positive cash flow  through
full production  of  silicon  metal, and  repositioning  solar  grade
silicon activities to respond to current market conditions.


About AMG
AMG, incorporated in the Netherlands, is a global leader in the
production of highly engineered specialty metal products and advanced
vacuum furnace systems.  AMG serves growing industries worldwide with
its unique combination of metallurgical engineering expertise and
production know-how.  AMG is a market leader in many of its products
and systems, which are critical to the production of key components
for the aerospace, energy (including solar and nuclear), electronics,
optics, chemicals, construction and transportation industries.  AMG
has two operating divisions, Advanced Materials and Engineering
Systems, and owns interests in publicly-listed companies Graphit
Kropfmühl AG (Deutsche Börse: GKR.DE) and Timminco Limited (TSX:
"TIM").

The Advanced Materials Division develops and produces niche specialty
metals and complex metals products, many of which are used in
demanding, safety-critical, high-stress environments.  AMG is one of
a limited number of significant producers globally of niche specialty
metals, such as ferrovanadium, ferronickel-molybdenum, aluminum
master alloys and additives, chromium metal and ferrotitanium, used
by steel, aluminum, chemical and superalloy producers for aerospace,
automotive, energy, electronics, optics, chemicals, construction and
other applications.  Other key products produced by AMG include
specialty alloys for titanium and superalloys, coating materials,
tantalum and niobium oxides, vanadium chemicals and antimony
trioxide.

The Engineering Systems Division designs, engineers and produces
advanced vacuum furnace systems and operates vacuum heat treatment
facilities.  AMG is a global leader in supplying
technologically-advanced vacuum furnace systems to customers in the
aerospace, energy (including solar and nuclear), transportation,
electronics, superalloys and specialty steel industries.  Examples of
furnace systems produced by AMG include vacuum remelting, solar
silicon melting and crystallization, vacuum induction melting, vacuum
heat treatment and high pressure gas quenching, vacuum precision
casting, turbine blade coating and sintering.  AMG also provides
vacuum case-hardening heat treatment services on a tolling basis to
customers through facilities equipped with vacuum heat treatment
furnaces.

Graphit Kropfmühl AG is a majority controlled, publicly listed
subsidiary of AMG.  Based on its secure raw material sources in
Africa, China and Europe, Graphit Kropfmühl is a specialist in the
production of silicon metal and the extraction, processing and
refining of natural crystalline graphite for a wide range of energy
saving industrial applications.

Timminco Limited is  a publicly  listed associate  of AMG.   Timminco
produces silicon metal  for the chemical  (silicones), aluminium  and
electronic / solar  industries.  Timminco also  produces solar  grade
silicon, using  its  proprietary  technology  for  purifying  silicon
metal, for the solar photovoltaic energy industry.

AMG operates globally with production facilities in Germany, the
United Kingdom, France, Czech Republic, the United States, Canada,
Mexico, Brazil, Sri Lanka and Australia and also has sales and
customer service offices in Belgium, Russia, China and Japan
(website: www.amg-nv.com).


For further information please contact:

AMG Advanced Metallurgical Group N.V.  +1 610 975 4901
Jonathan Costello
Vice President of Corporate Communications
jcostello@amg-nv.com

Disclaimer

Certain statements in this press release are not historical facts and
are "forward looking."  Forward looking statements include statements
concerning  AMG's  plans,   expectations,  projections,   objectives,
targets,  goals,  strategies,  future  events,  future  revenues   or
performance,  capital  expenditures,   financing  needs,  plans   and
intentions relating to acquisitions, AMG's competitive strengths  and
weaknesses,  plans  or  goals  relating  to  forecasted   production,
reserves, financial position and  future operations and  development,
AMG's business  strategy  and  the  trends  AMG  anticipates  in  the
industries and  the  political  and legal  environment  in  which  it
operates and other information  that is not historical  information.
When used in  this press  release, the  words "expects,"  "believes,"
"anticipates,"  "plans,"   "may,"  "will,"   "should,"  and   similar
expressions, and  the negatives  thereof,  are intended  to  identify
forward looking statements.   By their very  nature, forward  looking
statements involve inherent risks and uncertainties, both general and
specific,  and   risks  exist   that  the   predictions,   forecasts,
projections  and  other  forward  looking  statements  will  not   be
achieved.  These forward looking statements speak only as of the date
of this press  release.  AMG  expressly disclaims  any obligation  or
undertaking to  release  publicly any  updates  or revisions  to  any
forward looking statement contained herein  to reflect any change  in
AMG's expectations  with  regard thereto  or  any change  in  events,
conditions or circumstances on which any forward looking statement is
based.

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