International PBX Ventures
cease trade order revocation and reinstatement of trading

March 7, 2012

VANCOUVER, B.C. – International PBX Ventures Ltd. (the "Company") (TSX.V:PBX) announces that on March 6, 2012, the British Columbia Securities Commission revoked the cease trade order issued against the Company on February 20, 2012.  The cease trade order was issued by the BCSC as a result of certain deficiencies contained in the Company’s National Instrument 43-101 technical report entitled “The Copaquire Property Sulfato Copper – Moly Porphyry  NI 43-101Technical Report (Region I, Chile)”.  On March 2, 2012, the Company filed the revised technical report on SEDAR which was satisfactory to the BCSC.  Further information about the technical report was disclosed in the Company’s March 2, 2012 news release and the full technical report can be found under the Company’s SEDAR profile at www.sedar.com .

On February 21, 2012, the TSX Venture Exchange (the “Exchange”) suspended the Company’s common shares from trading on the Exchange as a result of the cease trade order.  Since the cease trade order has now been revoked by the BCSC, the Company has applied to the Exchange for re-instatement of trading in the Company’s shares.  The Company expects that its shares will recommence trading shortly, following the Exchange’s review of its reinstatement application.

ON BEHALF OF THE BOARD OF DIRECTORS OF
INTERNATIONAL PBX VENTURES LTD.
“George Sookochoff”
George Sookochoff, 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.