February 28 , 2008

International PBX Ventures Ltd. is pleased to announce that drilling will commence in mid-March on the Tabaco copper property. Approximately 1500 metres of diamond drilling will be used to test the 3D induced polarization (IP) chargeability anomaly discovered recently.

The Tabaco property is located on the same trend as the Relincho copper-molybdenum porphyry property now being explored by Global Copper Corp. (GLQ-T), in that it skirts the edge of the same volcanic-batholithic contact. The company believes it may have located a similar porphyry system at Tabaco that has not been unroofed, and that the shallow copper resource developed to date merely represents related manto-skarn leakage mineralization.

This anomaly is considered highly prospective because exceptionally strong copper mineralization (1.29 per cent copper over 44 metres as coarse chalcopyrite) was encountered in a shallow 2003 drillhole precisely where the IP anomaly nears the surface. “This truly looks like the tip of the iceburg” commented George Sookochoff.

Please visit our website at www.internationalpbx.com to view images of the 3D IP anomaly.

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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