July 08 , 2003
TIERRA DE ORO GOLD CAMP, CHILE, RETURN NEGOTIATED: ZULEMA IS MINERALIZED
The company has been successful in negotiating the return and full release of the Tierra de Oro Gold Camp from the optionee (news release of May1,2002) with payment of $12,500. The Tierra de Oro Gold Camp covers over 20 sq km and hosts numerous pits and shafts from early 1900 mining and highgrading that are located along more than 30 linear kilometers of intersecting major gold-bearing structures within oxidized granitic rock.
The property possesses many drill-ready highgrade underground and open pit targets and has negligible overburden. The company has a 100% interest in the property
The company is pleased to report that our joint venture partner on the Zulema property has completed a highly successful first phase of exploration in the search for a Candelaria type copper-gold IOCG deposit.Our company will retain a 30 per cent interest in the property. Readers are referred to the Pathfinder Resources news release yesterday (PHR-C)
BY ORDER OF THE BOARD
"Gary Medford, PhD., P.Geo."
The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this release.
INTERNATIONAL PBX VENTURES LTD.
Trading Symbol: IVU - Canadian Venture Exchange