February 4 , 2008

The board of directors of International PBX Ventures Ltd. is pleased to announce that effective February 1, 2008, George Sookochoff, a director of the Company, has been appointed Chief Executive Officer of the company.

George Sookochoff graduated from the University of British Columbia with a Bachelor of Commerce degree, marketing major. For the past 25 years he has been consulting junior exploration companies in advanced methods of exploration data acquisition, processing and management.

Mr. Sookochoff stated that, "I am pleased to accept the challenge of advancing PBX’s extensive exploration projects in Chile. My objectives are to maximize the full potential of the current projects and aggressively identify additional assets and opportunities in Chile.

International PBX Ventures Ltd is a Canadian junior mining exploration and development company listed on the TSX Venture Exchange. The company has acquired a diverse portfolio of copper, molybdenum, gold and cobalt properties in the mineral rich country of Chile.
                                            

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

                                                                       
Dr. Gary Medford, P.Geo. , President

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.