NEWS RELEASE

December 07, 2000
Option Agreement With Quattro Resources Ltd.

International PBX Ventures Ltd. has entered into an option agreement with Quattro Resources Ltd. to continue exploration on certain concessions comprising a part of the Tierra do Oro property in Chile. For details refer to today's news release by Quattro Resources Ltd. (QRO-V).

International PBX Ventures Ltd. would also like to notify shareholders that it has changed suite numbers from 910 to 608 in the same building.

On behalf of the Board

Gary Medford
Director

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this Release.

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INTERNATIONAL PBX VENTURES LTD.
608-475 Howe Street
Vancouver, BC CANADA V6C 2B3
Toll-Free: 888-999-7748
Tel: (604) 681-7748
Fax: (604) 681-0568
www.internationalpbx.com
Email: [email protected]

Trading Symbol: IVU - Canadian Venture Exchange