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January 12 , 2004
TSX.V: PBX

DIRECTORS OPTIONS

International PBX Ventures Ltd. intends to apply for 900,000 directors options priced at $.50 subject to regulatory approval.

BY ORDER OF THE BOARDGary 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]