International PBX Ventures Ltd.
TSX VENTURE : PBX

International PBX Ventures Ltd.

June 12, 2007 09:01 ET

International PBX Ventures Ltd.; Drill Results: Copaquire Molybdenum-Copper Porphyry, Chile

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 12, 2007) - International PBX Ventures Ltd. (TSX VENTURE:PBX) is pleased to report continuing excellent results from the molybdenum-copper resource definition program comprising 10,000 metres of diamond drilling.



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From To Width
Hole # (m) (m) (m) % Mo % Cu Comments
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CQ 50 11.2 175.3 164.2 0.037 0.14 On ridge of Cerro Moly
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11.2 110.0 98.9 0.046 0.19
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CQ 51 1.5 37.8 36.3 0.022 0.32 S of Cerro Moly, hole lost in
fault
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CQ 52 14.8 289.5 274.7 0.025 0.08 On ridge of Cerro Moly
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14.8 156.0 141.3 0.034 0.12
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CQ 53 9.4 165.8 156.5 0.056 0.19 S of Cerro Moly, hole lost in
fault
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including 9.4 100.0 90.7 0.017 0.28
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including 100.0 165.8 65.8 0.109 0.05
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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


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

Tor Bruland, MSc,PGeo 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.

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

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