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January 05 , 2004
TSX.V: PBX

CHILE COPPER, GOLD PROPERTY PORTFOLIO: NEW PROPERTY ACQUISITION BEING NEGOTIATED

The company is currently negotiating the acquisition of a highly prospective porphyry system to add to its extensive property base of copper-gold assets in Chile. It is expected that confirmation of the agreement will be available in the next week or so. The company's properties are all one hundred percent owned or can be so acquired under options to purchase.

BY ORDER OF THE BOARD

Gary Medford
Director


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
The company relies on forward-looking statement litigation protection


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INTERNATIONAL PBX VENTURES LTD.
608-475 Howe Street
Vancouver, BC CANADA V6C 2B3
Toll-Free: 888-999-7748
Tel: (604) 681-7748
Fax: (604) 681-0568
www.internationalpbx.com
Email: [email protected]