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June 19 , 2003
IVU-V UPDATE


HOLES 8,8A: MORE COPPER OXIDE

Hole 8 was RC drilled vertically with the following section:

0 - 12m oxide zone 12m 0.74 percent copper
12 -26m leached fault 14m anomalous copper

Hole 8A was a diamond drill hole oriented at -70 degrees and intersected 0.57 percent copper over 6 metres before drilling into old underground workings. The hole then penetrated silicified quartz-feldspar porphyry anomalous in copper.

BY ORDER OF THE BOARD

"Gary Medford, PhD., P.Geo."
Director

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 protection


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INTERNATIONAL PBX VENTURES LTD.
608-475 Howe Street
Vancouver, BC CANADA V6C 2B3
Toll-Free: 888-999-7748
Tel: (604) 681-7748
Fax: (604) 681-0568
www.internationalpbx.com
Email: [email protected]

Trading Symbol: IVU - Canadian Venture Exchange