International PBX Ventures Ltd.
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News Release:            WARRANTS EXPIRY DATE EXTENDED

November 30 , 2006

International PBX Ventures Ltd. has agreed, subject to TSX Venture Exchange approval, to a six-month extension of the term of certain share purchase warrants granted pursuant to private placements announced on May 20, 2005. Share purchase warrants totalling 2,576,717 are exercisable at a price of 60 cents per share and the new expiry date will be June 15, 2007.

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

                                                                       
Gary Medford, Ph.D., P.Geo.
PRESIDENT AND CEO

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

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.

©2006 International PBX Ventures Ltd.