AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") announced that its 50.5% subsidiary Timminco Limited (TSX: TIM), has received an operation review report on its solar silicon business from PHOTON Consulting. In its press release, Timminco stated:

Timminco Limited ("Timminco") (TSX:TIM) today announced that it has received an operational review report from PHOTON Consulting on its solar grade silicon business located at Becancour, Quebec, based on a one-day facility visit by a PHOTON Consulting team in early May, 2008. Timminco commissioned the report to support due diligence efforts for strategic discussions beyond normal supplier-customer relationships that are ongoing with potential partners. The PHOTON Consulting team was given full access to the solar grade silicon production facility and to information relating to accounting procedures, R&D efforts, human resource needs, intellectual property and technical processes that they requested to prepare their report.

"Operations and processes have potential for massive growth and, possibly, for reshaping the silicon industry", declared Michael Rogol Managing Director of PHOTON Consulting. "The equipment is very impressive, very low-cost, beyond poly-scale. In interviews, several customers have reported cell efficiencies above 14% and some above 15% utilizing 100% (unblended) solar grade silicon from Becancour."

A conference call with Michael Rogol of PHOTON Consulting will take place on Wednesday May 14, 2008 to discuss the conclusions of the report. An executive summary of the report will be made available on Timminco's website at www.timminco.com prior to the conference call. Details of the conference call will be released under a separate release.