Timminco Announces Court Approval of Successful Bid

Timminco Limited and its wholly-owned subsidiary Becancour Silicon Inc.
(collectively, the "Company") announced that, in connection with the proceedings
commenced by the Company under the Companies' Creditors Arrangement Act on
January 3, 2012, the Ontario Superior Court of Justice (Commercial List) (the
"Court") has granted the necessary Court approvals, including the Approval and
Vesting Orders, for the transactions contemplated by the Successful Bid.


The following are the two bids that were selected by the Company as the
Successful Bid at the conclusion of the auction on April 25, 2012:




--  the Portion Bid submitted by QSI Partners Ltd., a subsidiary of Globe
    Specialty Metals, Inc. ("GSM"), in respect of substantially all of the
    silicon metal business and assets of Becancour Silicon, including its
    51% ownership interest in Quebec Silicon Limited Partnership, for a cash
    purchase price of approximately $31.9 million (the "GSM Bid"); and 
    
--  the Portion Bid submitted by Grupo FerroAtlantica S.A., in respect of
    substantially all of the assets relating to the inactive solar grade
    silicon business formerly conducted by Timminco Solar, a division of
    Becancour Silicon, for a cash purchase price of approximately $2.7
    million (the "FerroAtlantica Bid"). 



As a result of such Court approvals, both bids are now expected to close,
subject to satisfaction of other customary conditions, within the next couple of
weeks.


Information about the CCAA proceedings is available on the Monitor's website,
at: http://cfcanada.fticonsulting.com/timminco. Capitalized terms used herein
not otherwise defined are as defined in the Bidding Procedures approved by the
Court on March 9, 2012.


About Timminco

The Company's silicon metal operations are carried on through Becancour Silicon,
a wholly-owned subsidiary of Timminco. Becancour Silicon purchases silicon metal
from Quebec Silicon, of which Becancour Silicon owns 51%, for resale to
customers in the chemical (silicones), aluminum and electronics/solar
industries. The Company's solar grade silicon operations were carried on through
Timminco Solar, a division of Becancour Silicon. Prior to ceasing active
production, Timminco Solar produced solar grade silicon, using its proprietary
technology for purifying silicon metal, for customers in the solar photovoltaic
energy industry.


Cautionary Notes

This news release contains "forward-looking information," as such term is
defined in applicable Canadian securities legislation, concerning the Company's
future financial or operating performance and other statements that express
management's expectations or estimates of future developments, circumstances or
results. Generally, forward-looking information can be identified by the use of
forward-looking terminology such as "expects", "believes", "anticipates",
"budget", "scheduled", "estimates", "forecasts", "intends", "plans" and
variations of such words and phrases, or by statements that certain actions,
events or results "may", "will", "could", "would" or "might" "be taken", "occur"
or "be achieved". In this news release, such information includes statements
regarding the closing of the Successful Bids. Forward-looking information is
based on a number of assumptions and estimates that, while considered reasonable
by management based on the business and markets, in which the Company operates,
are inherently subject to significant operational, economic and competitive
uncertainties and contingencies. The Company cautions that forward-looking
information involves known and unknown risks, uncertainties and other factors
that may cause the Company's actual results, performance or achievements to be
materially different from those expressed or implied by such information,
including, but not limited to, the factors discussed in Timminco Limited's
Annual Information Form for the year ended December 31, 2010, and its most
recent Management's Discussion and Analysis, each of which is available via the
SEDAR website at www.sedar.com. Although the Company has attempted to identify
important factors that could cause actual results, performance or achievements
to differ materially from those contained in forward-looking information, there
can be other factors that cause results, performance or achievements not to be
as anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate or that management's expectations or
estimates of future developments, circumstances or results will materialize.
Accordingly, readers should not place undue reliance on forward-looking
information. The forward-looking information in this news release is made as of
the date of this news release and the Company disclaims any intention or
obligation to update or revise such information, except as required by
applicable law.


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