International PBX Ventures Ltd.
TSX VENTURE : PBX

International PBX Ventures Ltd.

November 19, 2007 09:01 ET

International PBX Drills Copaquire Molybdenum, Copper, Rhenium Porphyry, Chile

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2007) - International PBX Ventures Ltd. (TSX VENTURE:PBX) is pleased to report the following results from the molybdenum-copper resource definition program comprising 15,000 metres of diamond drilling.



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From To Width
Hole # (m) (m) (m) %Mo %Cu g/t Re
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CQ 66 20.0 169.5 149.5 0.023 0.42 0.05
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including 36.0 144.0 108.0 0.024 0.54 0.04
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CQ67 10.1 250.0 239.9 0.013 0.19 0.01
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including 20.0 142.0 122.0 0.012 0.23 0.01
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CQ 68 6.0 480.0 474.0 0.024 0.12 0.03
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including 6.0 30.0 24.0 0.076 0.15 0.09
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CQ 69 0.0 488.8 488.8 0.019 0.08 0.04
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including 322.0 370.0 48.0 0.031 0.08 0.06
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CQ70 0.0 156.0 156.0 0.016 0.13 0.06
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including 4.0 30.0 26.0 0.003 0.39 0.03
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including 104.0 150.0 46.0 0.034 0.04 0.08
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CQ71 12.0 355.2 343.5 0.017 0.08 0.04
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CQ72 15.0 172.0 157.0 0.017 0.09 0.05
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including 116.0 138.0 22.0 0.027 0.13 0.08
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CQ73 0.00 290.00 290.00 0.028 0.11 0.06
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including 134.00 228.00 94.00 0.051 0.12 0.09
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including 250.00 268.00 18.00 0.065 0.07 0.11
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Note 0.1% Mo equals 2 lb/short ton
1%copper equals 20 lb/short ton
Hole locations are posted on www.internationalpbx.com


All analyses were carried out at ALS Patagonia Laboratories, Coquimbo, Chile.

Peter LeCouteur, PhD, PEng is the qualified person under National Instrument 43-101 in charge of the program. The results should be considered preliminary exploration data.

Copaquire is located in northern Chile on the West Fissure which hosts some of the largest copper-molybdenum porphyry mines in the world. It is the last well-exposed major porphyry system in Chile yet to be fully explored. The company has an option to purchase a 100 per cent interest in the property. The current program is designed to expand upon the interim resource reported in the news release of 1 October 2007 that is summarized below:



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Tonnes
Cutoff greater
Grade than Average Grade Contained Metal
(Mo%) Cutoff Mo% Cu% lbs Mo lbs Cu
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Indicated 0.02 183,200,000 0.046 0.107 185,800,000 432,200,000
0.03 160,000,000 0.049 0.106 172,800,000 373,800,000
0.04 98,000,000 0.058 0.097 125,300,000 209,500,000
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Inferred 0.02 212,800,000 0.041 0.097 192,400,000 455,100,000
0.03 193,400,000 0.043 0.096 183,300,000 409,300,000
0.04 110,200,000 0.049 0.094 119,100,000 228,400,000


A considerable amount of the higher-grade resource is above the valley floor and without any barren rock cover, an advantageous situation absent in most similar deposits, and a feature that the company will exploit to the fullest.

ON BEHALF OF THE BOARD OF DIRECTORS OF INTERNATIONAL PBX VENTURES LTD.

Dr. Gary Medford, P.Geo., President and CEO

The company relies on "forward-looking" statement litigation protection.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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