Reactive metal penetration was used to prepare intermetallic–ceramic composites with co-continuous structure, starting from silica glass preforms. Two subsequent metal penetrations were performed: first, the silica was immersed in a liquid Al bath, obtaining an Al(Si)/Al2O3 composite, then Ni was put in contact with the composite at high temperature, bringing to the substitution of Al with a Ni–Al intermetallic. The obtained composites present both phases continuous, and the whole process is a near net-shape one.