PBX Announces Private Placement Acceleration Price Correction

#209 – 475 Howe St., Vancouver, B.C. Canada V6C 2B3 Tel: (604) 681-7748 Toll Free: 1-877-681-1154 Fax: (604) 681-0568 Web: www.internationalpbx.com

NEWS RELEASE PBX Announces Private Placement Acceleration Price Correction

April 13, 2012

VANCOUVER, B.C.– International PBX Ventures Ltd. (the "Company") (TSX.V:PBX) announces a correction to its Press Release issued Aporil 12, 2012 entitled "PBX Announces Private Placement".

The original release stated that the “The warrants are subject to an acceleration clause which is triggered when the Company's shares trade at $0.25 or more for ten consecutive trading days. The

correct trigger amount for the acceleration is $0.20.

International PBX Ventures Inc. is a junior exploration Company with a strong portfolio of copper, molybdenum and gold projects in Chile. The 100% owned Copaquire copper molybdenum property is the Company’s flagship project and is located in Chile’s prolific copper porphyry belt. The Quebrada Blanca and Collahuasi (the third largest copper mine in the world) producers are within 15 kilometres of the property.

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.