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

May 5, 2009                                     

VANCOUVER, BRITISH COLUMBIA - International PBX Ventures Ltd. (PBX:TSX.V)

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. The Copaquire property is unique in that whereas almost all the Chilean molybdenum production comes as a by-product recovery from porphyry copper mines, the Copaquire moly deposit is the only stand-alone moly deposit in Chile.

The property is surrounded by copper giants Rio Tinto, Teck, Codelco, Xstrata and Anglo American. Teck’s Quebrada Blanca mine is located 10 km (6 mi) east of Copaquire and the giant Collahuassi mine owned by Xstrata and Anglo American is located a further 7 kms (4 mi) east.

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

Office:         604 681 7748
Toll Free: 1 877 681 1154

The Toronto Venture Stock Exchange has neither approved nor disapproved the contents of this press release.

©2009 International PBX Ventures Ltd.