VANCOUVER, B.C. - International PBX Ventures Ltd. ("PBX" or the "Company") (TSX.V:PBX) announces the removal of Mr. Terry Lynch as President effective immediately. Mr. Lynch will continue as a board member. Mr. George Sookochoff currently CEO of the company will take up the position of Interim President and CEO until such time as a new president can be found.

ON BEHALF OF THE BOARD OF DIRECTORS OF

INTERNATIONAL PBX VENTURES LTD.

"George Sookochoff"

George Sookochoff, Interim President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.