International PBX Ventures Ltd.
TSX VENTURE : PBX

International PBX Ventures Ltd.

April 10, 2007 18:42 ET

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

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 10, 2007) - International PBX Ventures Ltd. (TSX VENTURE:PBX) is pleased to report on-going results from the molybdenum-copper first phase resource definition program comprising 5000 metres of diamond drilling. The current holes define the apparent southeast edge of the mineralized molybdenum-copper porphyry system:



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From To Width
Hole # (m) (m) (m) % Mo % Cu Comments
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CQ 39 14.0 133.4 119.4 0.006 0.06 SE edge of Zone
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CQ 40 12.0 302.2 290.2 0.005 0.06 SE edge of Zone
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including 98.0 124.0 26.0 0.018 0.11
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CQ 41 106.0 332.0 226.0 0.021 0.14 SE edge of Zone
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including 234.0 328.0 94.0 0.029 0.17
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Note: 0.01% Mo equals 0.2 lb/short ton 0.1% copper equals 2.0 lb/short ton
Hole locations are posted on www.internationalpbx.com.


All analyses were carried out at ALS Patagonia Laboratories, Coquimbo, Chile, using the atomic absorption 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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