Operational Update

08 August 2011

International Ferro Metals Limited

("IFL" or the "Company")

Operational Update - Furnace Roof Upgrade and Sky Chrome

Following its IMS and Production Report issued on 19 July, IFL provides the following update to the market regarding its furnace roof upgrade project and mining at Sky Chrome.

Installation of the first furnace roof was completed, and the Company switched in the furnace successfully on 30 July 2011. The furnace is expected to ramp up to full production from mid-September as previously announced. The roof upgrade has been completed on time and within budget.

The second furnace roof upgrade is progressing to plan with switch-in expected in early September and ramp-up to full production from mid-October.

In a further update to the 19 July IMS and production report, the first delivery of ore has been received at the IFL plant from the new mining operations at Sky Chrome.

- ENDS-

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.