VANCOUVER, BC, February 22, 2010 - International PBX Ventures Ltd. (the "Company") (TSX.V: PBX) announces that, subject to TSX Venture Exchange approval, it will raise $1,400,000 by way of a non-brokered private placement of seven million units at a price of $0.20 per unit. Each unit will consist of one common share and one-half of a warrant. One whole warrant entitles the holder to purchase one additional share at $0.30 per share for one year from the closing date of the private placement. The warrants are subject to an acceleration clause which is triggered when the Company's shares trade at $0.40 or more for ten consecutive trading days. Upon the occurrence of such event, the Company reserves the right, at its discretion, to demand exercise of the warrants within a specified period of time, barring which the warrants will expire. The Company may pay finder's fees in accordance with the policies of the TSX Venture Exchange in connection with the private placement.
       The proceeds of the private placement will be used to carry out a Phase II infill drill program on the Sulfato South mineralized copper zone of the Copaquire copper molybdenum rhenium project located in Chile's copper molybdenum porphyry belt. The Sulfato South zone is located immediately adjacent the Cerro Moly zone for which the Company recently announced a resource update and subsequent positive Preliminary Assessment (see news release Dec. 17, 2009). The drill program is designed to generate additional copper resources which will be included in a future updated Preliminary Assessment. Several drill holes will also test blue-sky copper mineralization in other strategic areas of the Copaquire copper porphyry.

Copaquire Drill Program Update

       VANCOUVER, BC, February 25, 2010 - International PBX Ventures Ltd. (the "Company") (TSX.V: PBX) is pleased to provide an update on its preparations for the upcoming drill program on the Copaquire copper molybdenum project in northern Chile.
       Camp facilities have been delivered and assembled on site to accommodate drillers, geologists and support staff. A D8 Cat is preparing drill sites for the proposed 5,000 meter drill program. Even though this is considered to be a "dry year" for northern Chile plenty of water is available on site from the Quebrada Guatacondo (Guatacondo Creek). View Photos of the creek, camp and site preparations. Drilling at the Sulfato South copper zone is estimated to commence in the first week of March.
       "We are very excited about getting a drill program started again on our Copaquire copper molybdenum property," said George Sookochoff, President of International PBX. "Our final hole in our previous drill program (2008) intercepted grades of over 1.0% copper in the Sulfato South copper zone and we are anxious to continue drilling and develop this high grade copper area."

About International PBX Ventures Ltd.

       International PBX is a junior exploration company with several Copper, Molybdenum and Gold projects in Chile. The company has recently completed a positive preliminary assessment by AMEC Mining and Metals S.A. on its flagship 100% owned Copaquire Copper Molybdenum project located in Chile's prolific copper porphyry belt. This copper rich belt hosts some of the largest copper mines and contains the highest concentration of copper in the world.
       For more information on International PBX Ventures Ltd. contact George Sookochoff, President & CEO, Toll Free: 877-681-1154, Phone: 604-681-7748, Fax: 604-681-0568, E-mail: info@internationalpbx.com or visit the website at www.internationalpbx.com.