International PBX Ventures Ltd.
TSX VENTURE : PBX

International PBX Ventures Ltd.

January 15, 2007 18:33 ET

International PBX Ventures Ltd.: Copaquire Molybdenum-Copper Porhyry, Chile-Fourth Hole Results

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 15, 2007) - International PBX Ventures Ltd. (TSX VENTURE:PBX) is pleased to report continuing consistent results in the third hole of the molybdenum-copper resource definition program comprising at least 5000 metres of diamond drilling :



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Hole # From (m) To (m) Width (m) % Mo % Cu Comments
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CQ 34 0.0 186.0 186.0 0.063 0.15 primary
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including 0.0 100.0 100.0 0.078 0.12
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133.0 186.0 53.0 0.066 0.16
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186.0 324.0 138.0 0.028 0.18
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Note 0.01% moly equals 0.22lb/tonne 0.1%copper equals 2.2lb/tonne


All analyses were carried out at ALS Patagonia Laboratories, Coquimbo, Chile using the atomic adsorption spectro photogrametric (AA) technique following hot four-acid digestion.

Terence Walker, MSc, PGeo is the qualified person under National Instrument 43-101 in charge of the program and the company's exploration manager in Chile. 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.

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.

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

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