International PBX Ventures Ltd.
TSX VENTURE : PBX

International PBX Ventures Ltd.

November 09, 2006 16:52 ET

International PBX Ventures Ltd.: Two Mineralized Holes Completed at Copaquire Property, Chile; Copper Oxide Shipments Commence

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 9, 2006) - International PBX Ventures Ltd. (TSX VENTURE:PBX) -

COPAQUIRE:

The company is pleased to report that two holes have been completed in the molybdenum resource definition program at the Copaquire molybdenum-copper property in Chile. Both contain molybdenite mineralization throughout. The first was stopped at 306 metres due to bad ground but still in mineralization and the second was stopped at 350 metres in weakening mineralization at the edge of the mineralized intrusion.

Terry Walker, P.Geo. is the qualified person in charge of the above program.

The Copaquire property is located on the West Fissure in Chile which hosts some of the largest copper molybdenum mines in the world.

TABACO:

The company has completed its first shipment to a local processing plant. It expects to ramp up shipping once the economics of this trial are evaluated.

The Tabaco copper resource report from SRK Consultants is expected shortly.

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

Gary Medford PhD., 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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