May 6 , 2003
A 5000 metre drill program is scheduled to commence tomorrow on the company's copper-gold-silver property in Chile. The program will include 20 to 25 holes using a universal drill rig capable of both reverse circulation and diamond drilling. The program will be supervised by Terence Walker, MSc.,P.Geo. , a Qualified Person (NI43-101), and is expected to last about six weeks. First assay results should be available in about two weeks.
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