PBX Announces Private Placement

August 10 , 2010

VANCOUVER, B.C.– International PBX Ventures Ltd. (the "Company") (TSX.V:PBX) announces that, subject to TSX Venture Exchange approval, it will raise $300,000 by way of a non-brokered private placement of one and one half million units at a price of $0.20 per unit. Each unit will consist of one common share and one-half of a warrant. One whole warrant entitles the holder to purchase one additional share at $0.30 per share for one year from the closing date of the private placement. The warrants are subject to an acceleration clause which is triggered when the Company's shares trade at $0.40 or more for ten consecutive trading days. Upon the occurrence of such event, the Company reserves the right, at its discretion, to demand exercise of the warrants within a specified period of time, barring which the warrants will expire.  The Company may pay finder’s fees in accordance with the policies of the TSX Venture Exchange in connection with the private placement.

The proceeds of the private placement will be used for continued exploration and working capital on its Copaquire copper molybdenum rhenium project located in Chile’s copper molybdenum porphyry belt.

About PBX

International PBX is a junior exploration company with several Copper, Molybdenum and Gold projects in Chile. The company has recently completed a positive preliminary assessment by AMEC Mining and Metals S.A. on its flagship 100% owned Copaquire Copper Molybdenum project located in Chile’s prolific copper porphyry belt. This copper rich belt hosts some of the largest copper mines and contains the highest concentration of copper in the world.


“George Sookochoff”

George Sookochoff, President & CEO

This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectation implied by these forward looking statements.

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.