Annual and Special Meeting, 2008

The company is pleased to report that the proposed slate of directors, consisting of  Len DeMelt, Gary Medford, George Sookochoff, Michael Waskett-Meyers and Verna Wilson, was voted in.

All other items were approved with the exception of the proposal to split the company, namely item 9 , ' To consider, and if thought fit, to approve an ordinary resolution that the properties currently held by the Company, or any of its subsidiaries, be used to create one or more new public companies.'

The company continues to focus on the completion of its Chilean Copaquire Property Molybdenum-Copper resource update which is expected in August and the scoping study to follow.

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

                                                                       
Len De Melt, Director

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

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The company relies on “forward- looking” statement litigation protection.

©2008 International PBX Ventures Ltd.