International PBX Ventures Ltd.
TSX VENTURE : PBX

International PBX Ventures Ltd.

August 15, 2007 09:02 ET

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

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 15, 2007) - International PBX Ventures Ltd. (TSX VENTURE:PBX) is pleased to report the following results from the molybdenum-copper resource definition program comprising 10,000 metres of diamond drilling.



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From Width % % g/t
Hole # (m) To (m) (m) Mo Cu Re Comments
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Assays
CQ-56 3.7 34.0 30.3 Pending
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34.0 456.6 422.6 0.022 0.11 0.07
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including 34.0 52.0 18.0 0.044 0.36 0.09
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including 52.0 84.0 32.0 0.034 0.19 0.11
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including 454.0 456.6 2.6 0.453 0.11 1.06
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In pyrite shell
CQ 57 0.0 90.0 90.0 0.001 0.04 to the east
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Assays
90.0 125.4 35.4 pending
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In pyrite shell
CQ 58 0.0 366.1 366.1 0.002 0.06 0.02 to the east
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In pyrite shell
CQ 59 2.0 427.1 425.1 0.003 0.08 0.02 to the east
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CQ 60 6.0 92.3 86.3 0.008 0.24 0.01
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CQ 61 0.0 162.0 162.0 0.051 0.14 0.15
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including 22.0 128.0 106.0 0.063 0.13 0.19
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Assays
162.0 226.7 64.7 pending
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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


Holes 57,58, and 59 are in the pyritic shell which commonly surrounds mineralized porphyries and they define the eastern boundary of the system. The north, south and west directions are still open and will be located by continued drilling. Note high rhenium associated with high molybdenum content in CQ-56.

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

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.

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

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