OPTIONS GRANTED

January 13, 2006

OPTIONS GRANTED

The company is granting 700,000 employee options at a price of $0.55 for a period of 12 months, subject to regulatory approval.

BY ORDER OF THE BOARD

Gary Medford, Ph.D., P.Geo.

PRESIDENT AND CEO

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

The company relies on “forward- looking” statement litigation protection.

©2008 International PBX Ventures Ltd.