May 27 , 2003
The company has completed nine holes to date, two of which are diamond drill holes. Reverse circulation samples have been sent for copper- gold- silver assay and the drill core is being split and logged prior to assay.
All holes have cut copper oxide, and secondary and primary sulphides in some cases, and have been drilled on approximately 100 metre centres.
No assays have been received yet, but results from the first four holes should be ready very shortly
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