24 , 2002
GOLD CONCESSION OPTION AGREEMENT: TIERRA
DE ORO, CHILE
International PBX Ventures Ltd. , in connection
with its news release dated May 1, 2002, has been informed
by the private company that it has successfully completed
its due diligence, including a field examination, of the Tierra
de Oro gold concessions and intends to continue with the option
agreement. The public vehicle , required to proceed, will
be announced by 15th August 2002. International PBX has received
a payment today of $US 7500 as part of the $US 15000 due and
has agreed to defer $US 7500 until August 15, 2002. All other
terms of the agreement remain the same and the option agreement
commences 30 June 2002.
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.
The company relies on forward-looking statement litigation
INTERNATIONAL PBX VENTURES LTD.
608-475 Howe Street
Vancouver, BC CANADA V6C 2B3
Tel: (604) 681-7748
Fax: (604) 681-0568
Email: [email protected]
Trading Symbol: IVU - Canadian Venture