May 26, 2010

International PBX Ventures Ltd. (the “Company” or “PBX”) today announces that pursuant to its Stock Option Plan, approved by the Toronto Stock Exchange, the Company will be granting 500,000 stock options to Mr. Victor Jaramillo M.Sc.A., P.Geo, senior consulting geologist, for a 1 year term at an exercise price of $0.23 per common share.

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

“George Sookochoff”

George Sookochoff, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.