February 13 , 2008

International PBX Ventures Ltd. is very pleased to announce the appointment of Mr. Mike Parr as General Manager in charge of exploration and development of our projects in Chile.

Mike brings to the company 38 years of experience in the mining and exploration industry in both North and South America. He graduated from Liverpool University 1969 with a BSc. in geology. He spent 14 years with Inco’s Canadian and USA exploration group as exploration manager and senior staff geologist responsible for project generation, evaluations and ore deposit modeling.

Mr Parr was a founding member of MagmaChem Exploration Inc, a consulting firm, specializes in identifying the fundamental causal relationships between magmas and mineral deposits with respect to their metal budget and how those relationships can be used to assess the mineral potential of a specific geological terrain. This was followed by seven years at Boise Cascade Corp as exploration manager responsible for the assessment and development of the mineral potential of over two million acres of land owned by the company. After leaving Boise Cascade Mr. Parr formed Cassiopeia Ltd. which in conjunction with MagmaChem Exploration Inc. developed three dimensional element assemblage zonation ore deposit models for Carlin type gold systems.

In 1994 Mr. Parr moved to Chile and formed Lithotech Ltda. in order to provide specialized consulting services to mining companies engaged in the exploration and development of IOCG, porphyry copper and high sulfidation gold deposits throughout South America. Since 2005 Mike consulted for Xstrata Peru on the Las Bambas Project and related regional exploration. Xstrata is currently evaluating the feasibility of three porphyry related copper skarn deposits at Las Bambas.

“We are very excited at having someone with Mike’s caliber and expertise joining International PBX’s team” said Mr. George Sookochoff.  “His vast knowledge and expertise of the regional geology will be very important in the evaluation and development of current and future projects of International PBX.

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

                                                                       
George Sookochoff, CEO

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

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