International PBX Ventures Drills into New Copper Zone at Copaquire Property-Chile

International PBX Ventures Ltd. has announce further drill results on the diamond drill program on its 100% owned Copaquire copper molybdenum project, Chile.

The Sulfato South copper zone infill drill program is intended to extend and confirm new copper mineral resources at the Copaquire project in areas north and adjacent to previously published resource estimates at the Cerro Moly zone.

To date the company has received new analytical results for drill holes CQ-114A, CQ-115 and CQ-116A (Sulfato South). Assay results for these drill holes are as follows:

"The latest drill results continue to demonstrate consistency in both grade and width across the Sulfato South copper zone," said George Sookochoff, President & CEO of PBX. "These results will be incorporated into our next technical report and we expect a material increase in our Copaquire mineral resources."

View drill plan map: http://www.internationalpbx.com/pdfs/drillplan.pdf

Results from additional holes will be announced when received.