Gary Medford - President and Chief Executive Officer Dr. Medford earned BSc. and MSc. degrees from McGill University and a PHD. From the University of British Columbia. He spent his early career working for Cominco Ltd. in exploration of Northern and Western Canada. Subsequently he became involved in the junior company exploration business serving as a director of Teryl Resource Corp. and International PBX Ltd. as well as providing consulting services to many companies. For the last 10 years, his fulltime has been devoted to International PBX business. Terry Walker - Director Mr. Walker is a graduate of McGill University where he earned an MSc. Applied degree and has over 35 years of experience in both mine and exploration geology. He was in Chile in the early 1970’s and participated in work on the Chilean copper mega-porphyries while working with Asarco, but he has also worked for several other major mining companies including Noranda, Cameco and SMDC. Since 1995 he has worked in the junior mining industry mostly a president of International PBX Ltd. He is responsible for assembling the impressive suite of copper-gold-cobalt-titanium properties now owned by the company. Michael Waskett-Myers - Director Mr. Waskett-Myers has worked in mineral exploration for over 30 years for both major and junior companies primarily in the geochemical field. He now looks after the collection and computer processing of the company data. Verna Wilson - Director and Founder of Company Verna Wilson has over forty years of experience in the management of public companies and looks after the general business operations of the company.      Summary of Securities as at July 21, 2006   Authorized : 100,000,000 Common Shares no par value 100,000,000 Class "A" Shares $1.00 par value 100,000,000 Class "B" Shares $5.00 par value Shares Issued : 50,586,890 Fully Diluted : 70,157,824 Shares Under Option: Amount Price Expiry Date 537,500 $0.51 Jan 05/07 690,000 $0.55 Jan.13/07 400,000 $0.60 Mar. 27 /08 1,200,000 $0.75 April 20/09 Total Options 2,827,500   Warrants Outstanding : Amount Price Expiry Date 2,334,350 $0.60 Dec. 15/06 4,339,977 $0.60 May 7/07 1,246,545 $0.65 June 23/07 6,159,380 $0.65 July 27/07 1,793,182 $0.65 August 23/07    870,000 $1.00 June 29/08 Total Warrants Outstanding 16,743,434 Share Listing : The TSX Venture Exchange symbol PBX-V Frankfurt  IVV.FSE United States (pink sheets)  IPBXF Cusip No : 459959 102 Standard & Poor's Corporation, USA : Market Access Program U.S. Securities : 12g3-2(b) Exemption # 82-2635 Legal Counsel : Bragagnolo 950-1055 West Georgia St. Vancouver, B.C. V6C 3A8 Transfer Agent : CIBC Mellon Trust Co. 1600 - 1066 W. Hastings St. Vancouver, B.C., V6E 3X1 Auditor : Don Prest Manning Elliot 1100-1050 West Pender St. Vancouver, BC V6C 3S7 Investor Relations : Robert A. Young Robert A. Young & Associates Vancouver, B.C. Ph: 604-682-5123 Toll Free: 1-877-626-2121 Board of Directors : Verna Wilson Gary A. Medford, Ph.D., P.Geo. Terence Walker, M.Sc, P.Geo. Michael Waskett-Myers Officers : Gary Medford, President & CEO Terence Walker, M.Sc, P.Geo., VP Exploratin Peter Kohl, CFO & Corporate Secretary Wholly Owned Subsidiary: Minera IPBX Limitada Incorporated Chile March, 1997 Terry Walker, General Manager