Amsterdam, 24 September 2009 --- AMG Advanced Metallurgical Group N.V.'s ("AMG", EURONEXT AMSTERDAM: "AMG") 50.8% owned subsidiary, Timminco Limited ("Timminco"; TSX: TIM) announced an update on its discussions with solar grade silicon customers.

Timminco and one such customer have formally acknowledged the termination of the existing supply agreement, which contemplated shipments of approximately 13,100 mt over a term of five years as originally announced on September 6, 2007. The Company has also agreed to issue approximately 3.4 million common shares of Timminco, representing approximately 2.8% of Timminco's current issued and outstanding shares, as full and final settlement of the outstanding deposit of approximately $3.9 million due to this customer under the terminated supply agreement. The issuance of these common shares is subject to receipt of all necessary regulatory approvals, including approval of the Toronto Stock Exchange.

The issuance of these common shares decreases AMG's ownership in Timminco from 52.2% to 50.8%.