24 , 2002
GOLD CONCESSION OPTION AGREEMENT: TIERRA DE ORO, CHILE
Ventures Ltd. , in connection with its news release dated May 1, 2002,
has been informed by the private company that it has successfully completed
its due diligence, including a field examination, of the Tierra de Oro
gold concessions and intends to continue with the option agreement. The
public vehicle , required to proceed, will be announced by 15th August
2002. International PBX has received a payment today of $US 7500 as part
of the $US 15000 due and has agreed to defer $US 7500 until August 15,
2002. All other terms of the agreement remain the same and the option
agreement commences 30 June 2002.
The TSX Venture Exchange
has not reviewed and does not accept responsibility for the adequacy or
accuracy of this release.
INTERNATIONAL PBX VENTURES LTD.
Trading Symbol: IVU - Canadian Venture Exchange