Pbx Appoints New Cfo

(via Thenewswire.ca)

VANCOUVER, B.C. - International PBX Ventures Ltd. ("PBX" or
the "Company") (TSX.V:PBX) is pleased to announce the
appointment of Mr. James Albrecht (CA, HBBA) to the position of CFO
for the Company. James replaces Mr. Peter Kohl as CFO. Peter will
remain a consultant to the company for a transition period of three
months.

Terry Lynch, CEO of International PBX Ventures Ltd, stated "We
are very pleased to have James Albrecht join our team. He has had a
successful career at PricewaterhouseCoopers (PwC) where he is a senior
associate. James is based in Toronto where PBX will be moving its
offices effective June 1 2013. Hiring James and relocating to Toronto
is all part of our plan to reduce overhead and conserve resources. We
would like to thank Peter Kohl for his years of service to the company
and wish him well in his new endeavours"

International PBX Ventures Inc. (www.internationalpbx.com) is a junior
exploration Company with a strong portfolio of copper, molybdenum and
gold projects in Chile. The 100% owned Copaquire copper molybdenum
property with in excess of two billion pounds of copper equivalent
resource is comprised of three separate projects: Cerro Moly, Sulfato
and Marta. Located in Chile's prolific copper porphyry belt, it is the
Company's most advanced project. Major producing mines Quebrada Blanca
and Collahuasi (the third largest copper mine in the world) are both
located within 15 kilometres of Copaquire.

International PBX has placed Copaquire for sale and has plans to hire
an Investment Advisor and distribute project information to
interested parties in May, conduct site tours in June, Request for
Proposals of Interest in July and to close a sale in August.

In addition to Copaquire, PBX owns mineral rights through its
subsidiary, Chilean Metals,(www.chileanmetals.com ) on six 100%-owned
properties comprising over 50,000 acres strategically located in the
prolific IOCG ("Iron oxide-copper-gold") belt of Chile.
Several of these projects are under review by third parties for
possible purchase or joint venture.

ON BEHALF OF THE BOARD OF DIRECTORS OF

INTERNATIONAL PBX VENTURES LTD.

"Terry Lynch"

Terry Lynch, CEO

Forward-looking Statements: This news release contains certain
statements that may be deemed "forward-looking statements".
All statements in this release, other than statements of historical
fact, that address events or developments that PBX expects to occur,
are forward looking statements. Forward-looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words "expects",
"plans", "anticipates", "believes",
"intends", "estimates", "projects",
"potential" and similar expressions, or that events or
conditions "will", "would", "may",
"could" or "should" occur. Forward-looking
statements in this document include statements regarding current and
future exploration programs, activities and results. Although PBX
believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results may differ
materially from those in forward-looking statements. Factors that
could cause the actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration success, continued availability of capital and financing,
inability to obtain required regulatory or governmental approvals and
general economic, market or business conditions. Investors are
cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially
from those projected in the forward looking statements.

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.

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