Amsterdam,13 July 2009 --- AMG Advanced Metallurgical Group N.V.'s ("AMG", EURONEXT AMSTERDAM: "AMG") 52.2% owned subsidiary, Timminco Limited ("Timminco" or the "Company") (TSX:TIM) announced that, further to its announcement on July 7, Timminco's wholly-owned subsidiary Becancour Silicon Inc. has signed a definitive loan agreement with Investissement Quebec providing for a two-year term loan of C$25.0 million. This loan, which is being provided under the Renfort program, is expected to be disbursed in full within the next few days upon completion of the transaction. The funds will be used for general working capital purposes.

The loan will be interest-bearing at a variable rate of prime plus 9%, which is currently 11.25% per annum. The loan agreement includes certain financial and other covenants in respect of Becancour Silicon, including a minimum working capital ratio and a maximum long-term debt to equity ratio. The loan will also be secured by a Timminco guarantee and a charge upon Becancour Silicon's assets, and will be subordinated to the existing revolving credit facilities provided by Timminco's senior secured lender, Bank of America, N.A.

About Investissement Quebec and the Renfort Program

Investissement Quebec's mission is to promote the growth of investment in Quebec and thereby contribute to economic development and job creation. The Renfort program was launched in December 2008 by Quebec's Ministry of Economic Development, Innovation and Export Trade (MEDIET) as a working capital and investment program designed to stabilize successful companies experiencing temporary difficulties because of the economic situation. This program has C$1.2 billion in funding and offers loans and loan guarantees to companies in operation for at least three years that carry out their main activities in Quebec.