International PBX Ventures Ltd.

International PBX Ventures Ltd.

January 08, 2007 18:02 ET

International PBX Ventures Ltd.: Tabaco Copper Property, Chile-Column Leach Results

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 8, 2007) - International PBX Ventures Ltd. (TSX VENTURE:PBX) -

The company is pleased to announce the positive results of preliminary column leach tests of the fresh copper oxide resource mineralization at Tabaco. In late 2006 the company drilled and blasted three outcrop areas within the SRK resource and collected three representative bulk samples of approximately 100 - 160 kg. These samples were shipped to the CIMM Metallurgical Laboratory in Antofagasta, Chile, for column leach testing.

At CIMM the samples were crushed to 100% passing half inch and homogenized. From these three 30 kg sub-samples were agglomerated and loaded into 1 metre by 6 inch diameter columns and irrigated with dilute sulphuric acid for 28 days.

The results are as follows:

Head Grade Recovery Acid Consumption
Column % Cu % Cu kg/kg Cu recovered
1 1.29 72.4 2.36
2 0.33 82.2 8.35
3 0.95 81.0 3.08

CIMM also states that higher recoveries should be expected in established heaps with either longer leach times or higher acid concentrations and acid consumptions are normal for the type of copper minerals contained in the samples.

Terry Walker MSc, P.Geo., is the qualified person responsible for the content of this news release and exploration manager in Chile.

Tabaco is an oxide and sulphide copper property with 50.6 million pounds of indicated copper according to a National Instrument 43-101 compliant independent resource estimate. The company is moving the property to feasibility and production as quickly as possible. This is one of four major properties hosting copper, molybdenum and gold being explored by 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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