AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: AMG, ISIN: NL0000888691) is pleased to announce that the bought deal financing agreement for Timminco Limited ("Timminco"; TSX:TIM) announced earlier today has been increased by an additional 581,191 common shares. Under the revised agreement, Timminco will now issue a total of 4,360,291 common shares at a price of CAN $8.50 per share, resulting in gross proceeds of approximately CAN $37 million. In addition, AMG has agreed to subscribe, by way of private placement and subject to Timminco obtaining regulatory approval, for an additional 595,309 common shares at the same price per share, for a total of 4,466,209 common shares, resulting in gross proceeds of approximately CAN $38 million. After giving effect to the bought deal and private placement financings, AMG will continue to own 50.6% of the issued and outstanding shares of Timminco.

Timminco and the underwriting syndicate, which is led by Clarus Securities Inc. and includes Paradigm Capital Inc. (the "Underwriters"), have also agreed to increase the size of the over-allotment option by 87,178 common shares, resulting in an over-allotment option to purchase up to an additional 654,043 common shares at a price of CAN $8.50 per share, for a period of 30 days from closing. Timminco has also agreed to increase AMG's option to purchase additional common shares by 89,296 common shares, for a total of up to 669,931 common shares, at the same price per share, for a period of 30 days from closing, to the extent that the Underwriters' over-allotment option is exercised. The exercise of these options in full would result in total gross proceeds of approximately CAN $86 million.

As announced earlier today, construction of the new 3,600 metric ton solar silicon plant at Timminco's wholly-owned subsidiary, Becancour Silicon Inc. ("Becancour"), is proceeding on plan. The proceeds of the present financing will be used for major production capacity expansion in light of increased demand for Becancour's products. The proceeds will also be used to further Becancour's objective to increase the quality of its production beyond the 99.999% ("five nines") material presently produced. The balance of the proceeds will be used for general corporate purposes. The completion of this financing is subject to certain conditions including Timminco receiving all necessary regulatory approvals. Closing is expected on or about September 27, 2007.

The financing is subject to Toronto Stock Exchange approval.