Chrometco

28 May 2014

International Ferro Metals Limited ("IFL" or the Company), has signed an agreement with Chrometco Limited ("Chrometco"), a Johannesburg listed mining company (JSE code "CMO"), to conduct exploratory drilling of LG6 chrome ore at Chrometco's Rooderand Mine. Upon the successful completion of the drilling, IFL will be entitled to mine up to 200,000 tonnes of chrome ore over a 12 month period for a fee per tonne payable to Chrometco. Beneficiation will occur at IFL's smelters.

This agreement is in line with IFL's stated strategy to obtain higher-grade feed stock for our furnaces and allow for more flexibility and cost effectiveness in our operations.

For further information please visit www.ifml.com or contact:

About International Ferro Metals:

International Ferro Metals produces ferrochrome, the essential ingredient in stainless steel, from its integrated chromite mine and ferrochrome processing operations in South Africa. International Ferro Metals is listed on the London Stock Exchange under the symbol IFL.

Forward Looking Statements

This announcement contains certain forward looking statements which by nature, contain risk and uncertainty because they relate to future events and depend on circumstances that occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements.