PBX Announces Grant of Options

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NEWS RELEASE

PBX Announces Grant of Options

January 31, 2011

VANCOUVER, B.C. – International PBX Ventures Ltd. (the “Company” or “PBX”) today announces that pursuant to its Stock Option Plan, approved by the Toronto Stock Exchange, the Company will be granting 950,000 stock options to directors and consultants for a 3 year term, at an exercise price of $0.50 per common share.

And, International PBX Ventures Ltd. (the “Company” or “PBX) today also announces that pursuant to its Stock Option Plan, approved by the Toronto Stock Exchange, the Company will be granting 300,000 stock options to consultants for a one year term, at an exercise price of $0.50 per common share

ON BEHALF OF THE BOARD OF DIRECTORS OF

INTERNATIONAL PBX VENTURES LTD.

“George Sookochoff”

George Sookochoff, President & CEO

Neither 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 press release.

International PBX Ventures Ltd. seeks safe harbor.