COPAQUIRE PROPERTY, SULFATO COPPER ZONE DRILLING COMPLETED

November 6 , 2006

The company is pleased to announce that it has now completed its planned 4,642m reverse circulation drill program on the Sulfato secondary copper zone. The objective was to test the extent of a secondary copper mineralization blanket and the program has been highly successful. Results are as follows:

Hole #	From (m)	To (m)	Width (m)	% Cu	Comments
CQ 13	92	186	94	0.53	Secondary
including	94	140	46	0.70
	160	186	26	0.56
CQ 14	112	154	42	0.24	Secondary
including	112	140	28	0.27
CQ 15	72	114	42	0.16	Secondary
	120	154	34	0.15	Secondary
CQ 16	280	344	64	0.36	primary
including	300	316	16	0.49
CQ 17	94	148	54	0.29	Secondary
including	94	102	8	0.39
	128	148	20	0.35
CQ 18	76	100	24	0.31	Secondary
including	84	90	6	0.76
CQ 19	44	54	10	0.41	Secondary
	76	86	10	0.21
CQ 20	130	154	24	0.41	Secondary
	180	188	8	0.33	primary
	254	258	4	1.25	primary
CQ 22	94	104	10	0.40	Secondary
	186	192	6	0.58	primary
	246	254	8	0.29	primary
CQ 23	120	138	18	0.60	Secondary
	338	400	62	0.35	primary
including	338	362	24	0.43	primary
CQ 24	62	76	14	0.33	Secondary
CQ 25	72	80	8	0.32	Secondary
CQ 26	54	86	32	0.52	Secondary
CQ 27	68	112	44	0.48	Secondary
CQ 28	44	118	74	0.43	Secondary
including	44	86	42	0.53
CQ 29	42	72	30	0.68	Secondary
CQ 30	48	68	20	1.00	Secondary

Holes 14,15,17,20,26 and 27 are inclined at -50 to -60° E, holes 13,16,18,21,22,24 and 25 at -55 to -60° W, holes 19 and 23 are vertical and holes 28-30 inclined at -55 to -60°S. Hole 21 did not intersect significant widths of copper grading greater than 0.1% over 4 metres. The location of all holes and diagrams will be posted on the company website.

The current phase of drilling has demonstrated to the Company that a leachable secondary copper sulphide zone of at least 2 sq. km. in extent exists below the intense zone of surface oxidation at Sulfato. This zone is open to expansion to the south and east. The company will assess the information with a view to planning a resource drilling program.

Terry Walker,.P.Geo., is the qualified person responsible for the technical content of this news release and manager of exploration in Chile. This information should be considered preliminary exploration data.

Diamond drilling is continuing on the Cerro Moly zone of the Copaquire property with a view to establishing a molybdenum resource.

Preparations are being made to drill the Tierra de Oro gold property, however, the contractor has delayed delivery of the drill.

On Tabaco we still await the resource report from SRK Consultants but it is expected to be imminent.

ON BEHALF OF THE BOARD OF DIRECTORS OF
INTERNATIONAL PBX VENTURES LTD.

Terence Walker, Vice President Exploration

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

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