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International PBX Commences Metallurgical Testing on the Copaquire Molydenum-Copper Property, Chile

October 15 , 2007

The company is pleased to announce that Frank Wright P.Eng. has joined the company’s advisory board to consult on metallurgical aspects of the company’s development program at Copaquire.

With the company moving ahead with a “Preliminary Economic Assessment” of its Copaquire molybdenum-copper project, metallurgical testing will play a key roll in determining the mineability of the project.

Frank Wright, P.Eng. is a graduate of the University of Alberta with a B.Sc. in Metallurgical Engineering and also a graduate of Simon Fraser University with a Bachelor of Business Administration.

Mr. Wright is a consulting professional engineer with extensive experience in project management, and mine process design.  This includes supervision of laboratory and pilot plant mineral testing programs, environmental assessment, flow sheet development and economic evaluation.  His background includes experience on precious and base metal projects worldwide.   Mr. Wright has over 25 years of operations and process consulting experience including working for both junior and major mining firms.  He has acted as a director for several publicly listed junior mining companies based in Vancouver

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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©2007 International PBX Ventures Ltd.