International PBX Ventures Ltd.
TSX VENTURE : PBX

International PBX Ventures Ltd.

September 05, 2007 09:01 ET

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

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 5, 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 Width
Hole # (m) To (m) (m) % Mo % Cu g/t Re
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CQ 61 0.0 226.7 226.7 0.047 0.14 0.13
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including 22.0 128.0 106.0 0.063 0.14 0.19
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including 172.0 226.7 54.7 0.042 0.12 0.10
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CQ 62 9.9 382.1 372.2 0.044 0.13 0.08
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including 24.0 160.0 136.0 0.087 0.16 0.18
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including 52.0 76.0 24.0 0.185 0.18 0.38
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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.


Both holes expand the mineralization to the south of Cerro Moly.

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

Tor Bruland, MSc, P.Geo. 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.

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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