International PBX Ventures Ltd.
TSX VENTURE : PBX

International PBX Ventures Ltd.

April 02, 2007 12:58 ET

International PBX Ventures Ltd.: Second Drill Mobilized on the Copaquire Molybdenum Project, Chile

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 2, 2007) - International PBX Ventures Ltd. (TSX VENTURE:PBX) announces that it is mobilizing a second drill to the Copaquire molybdenum project in northern Chile. The company expects to complete a minimum 5000 metre program to extend the current 5000 metre campaign. An additional third drill has been ordered to arrive mid-May.

The company controls a large portfolio of gold, molybdenum and copper properties including the Copaquire molybdenum property. It is located on the productive West Fissure that localizes some of the world's largest open pit multi-billion tonne copper-molybdenum mines including Collahuasi, 12 miles to the east. The company is currently completing a $7 million financing to aggressively advance the project.

ON BEHALF OF THE BOARD OF DIRECTORS OF INTERNATIONAL PBX VENTURES LTD.

Dr. Gary Medford, PGeo., 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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