International PBX Ventures Ltd.
TSX VENTURE : PBX

International PBX Ventures Ltd.

March 07, 2011 08:22 ET

PBX Announces AGM Results and Drill Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 7, 2011) - International PBX Ventures Ltd. ("PBX" or the "Company") (TSX VENTURE:PBX) announces the results of its Annual General Meeting of Shareholders ("AGM") held on February 25, 2011. The meeting was well attended with visitors from China, Toronto & Edmonton. All items on the ballot sent to shareholders, the Election of Directors, the appointment of Auditors, the approval of the Company's Stock Option Plan, to consider, and if thought fit, to set the number of directors at five and to approve taking the Company's subsidiary public through an appropriate transaction were approved.

The Board of Directors now consists of the following members: Gary Medford (Chairman), George Sookochoff, Verna Wilson, Mike Waskett Myers and Peter Kohl.

Copaquire Drill Program Update

Building of the Copaquire camp is now complete after two weeks of delays due to record rainfalls. The completion of the camp was necessary to accommodate and feed some forty drill crew, geologists and support staff which are now travelling to camp. Several washed out roads are have been repaired and can now accommodate the two drills which will arrive on site by March 15th 2011.

Camp photos can be viewed at: http://www.internationalpbx.com/pdfs/Camp.pdf

About International PBX Ventures Inc.

International PBX Ventures Inc. is a junior exploration Company with a strong portfolio of copper, molybdenum and gold projects in Chile. The 100% owned Copaquire copper molybdenum property is the Company's flagship project and is located in Chile's prolific copper porphyry belt. This arc‐parallel belt includes 30 porphyry Cu‐Mo deposits and prospects with the largest amount of copper concentration in the world, totalling about 220 million tonnes of copper. The Quebrada Blanca and Collahuasi (the third largest copper mine in the world) producers are within 15 kilometres of the property. For more information, please visit the Company's website: www.internationalpbx.com

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

George Sookochoff, President & CEO

We seek safe harbour.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • International PBX Ventures Ltd.
    George Sookochoff
    President & CEO
    (604) 681-7748 or Toll Free: 1-877-681-1154
    (604) 681-0568 (FAX)
    www.internationalpbx.com