International PBX Ventures Ltd.
TSX VENTURE : PBX

International PBX Ventures Ltd.

May 05, 2009 19:35 ET

PBX Addresses Canadian Technical Information Disclosure With the British Columbia Securities Commission

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 2009) - International PBX Ventures Ltd. (TSX VENTURE:PBX) -

On April 29, 2009, the British Columbia Securities Commission (the "BCSC"), the securities regulatory authority in the Province of British Columbia, Canada, delivered a letter to International PBX Ventures Ltd. (the "Company") stating that it had conducted a review of the Company's recently filed April 7, 2009 technical report (the Report) supporting its January 12, 2009 news release disclosing a material change to its mineral resource estimate for its Copaquire property in Chile. Based upon this review, the BCSC identified a number of deficiencies in the Report and has requested the company to file a new technical report.

The company is taking immediate steps to address these deficiencies and asks the public not to rely on the information in the technical report and mineral resource estimate until a new compliant technical report is filed.

About PBX

International PBX Ventures is a Canadian junior mining and exploration company focused on acquisition and development of molybdenum, copper and gold properties in Chile.

PBX's flagship project is the 100% owned Copaquire moly-rhenium-copper property, a circum-Pacific style porphyry copper-molybdenum open-pittable deposit similar to other Andean porphyry systems in northern Chile.

PBX's shares trade on the Toronto Venture Stock Exchange under the symbol PBX.V.

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

George Sookochoff, President & CEO

The Toronto Stock Exchange Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this release and the information contained herein.

Contact Information

  • International PBX Ventures Ltd.
    George Sookochoff
    President & CEO
    (604) 681-7748 or Toll Free: 1-877-681-1154
    (604) 681-0586 (FAX)
    www.internationalpbx.com