PBX ANNOUNCES AGM RESULTS AND DRILL UPDATE

March 7, 2011
                                  
VANCOUVER, B.C.– International PBX Ventures Ltd. (“PBX” or the "Company") (TSX.V:PBX) announces the results of its Annual General Meeting of Shareholders ("AGM") held on February 25, 2011. The meeting was well attended with visitors from China, Toronto & Edmonton.  All items on the ballot sent to shareholders, the Election of Directors, the appointment of Auditors, the approval of the Company's Stock Option Plan, to consider, and if thought fit, to set the number of directors at five and to approve taking the Company’s subsidiary public through an appropriate transaction were approved.

The Board of Directors now consists of the following members: Gary Medford (Chairman), George Sookochoff, Verna Wilson, Mike Waskett Myers and Peter Kohl.

Copaquire Drill Program Update
Building of the Copaquire camp is now complete after two weeks of delays due to record rainfalls. The completion of the camp was necessary to accommodate and feed some forty drill crew, geologists and support staff which are now travelling to camp. Several washed out roads have been repaired and can now accommodate the two drills which will arrive on site by March 15th 2011.

Camp photos can be viewed at: http://www.internationalpbx.com/pdfs/Camp.pdf

About International PBX Ventures Inc.
International PBX Ventures Inc is a junior exploration Company with a strong portfolio of copper, molybdenum and gold projects in Chile. The 100% owned Copaquire copper molybdenum property is the Company’s flagship project and is located in Chile’s prolific copper porphyry belt. This arc‐parallel belt includes 30 porphyry Cu‐Mo deposits and prospects with the largest amount of copper concentration in the world, totalling about 220 million tonnes of copper. The Quebrada Blanca and Collahuasi (the third largest copper mine in the world) producers are within 15 kilometres of the property.

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.
We seek safe harbour.