International PBX Ventures Ltd.
TSX VENTURE : PBX

International PBX Ventures Ltd.

November 15, 2007 15:39 ET

PBX Files NI43-101 Molybdenum-Copper Resource at Copaquire

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2007) - International PBX Ventures Ltd. (TSX VENTURE:PBX) -

The company is pleased to announce it has filed the report "Mineral Resource Estimate Copaquire Project, Region de Tarapaca, Provincia de Iquique, Region I, Chile" by Ronald G. Simpson, P.Geo. at SEDAR.com. The report expands on the company's news release of October 1, 2007 as summarized below.



-------------------------------------------------------------------------
Cutoff Tonnes
Grade greater than Average Grade Contained Metal
(Mo%) Cutoff Mo% Cu% lbs Mo lbs Cu
-------------------------------------------------------------------------
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
-------------------------------------------------------------------------
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


Drilling continues at Copaquire with three drills operating. Approximately one ton of mineralized rock has arrived at Vancouver for metallurgical testing in preparation for the Preliminary Economic Assessment program.

ON BEHALF OF THE BOARD OF DIRECTORS

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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