February 20, 2007

The company is pleased to announce that it has contracted ARCADIS Geotechnical to complete an Environmental Impact Study (EIS) for its proposed development of the Tabaco oxide copper resource as part of the company’s fast track program for the Tabaco property. This will include the Base Line and all support studies necessary for completing all the formalities requested by the Chilean Environmental Impact Assessment System (EIAS) until the Environmental Qualification Resolution (EQR) has been obtained, at which time mine development can proceed. The complete process is expected to take between 10 and 12 months to complete. Work will start immediately on the first phase of the program, the Base Line Survey.

ARCADIS Geotechnical is based in Chile and is part of the multinational services and consultants “ARCADIS GROUP” (AG) an international company present in Europe, North America, Latin America, Africa and Asia. AG is one of the oldest and most experienced consultants in Chile on environmental, territorial and strategic planning matters.

Terry Walker MSc, PGeo is the qualified person responsible for the content of this news release and exploration manager in Chile.

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

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