Pbx Announces BCSC Cease Trade Order

#209 – 475 Howe St., Vancouver, B.C. Canada V6C 2B3 Tel: (604) 681-7748 Toll Free: 1-877-681-1154 Fax: (604) 681-0586 Web: www.internationalpbx.com

NEWS RELEASE

PBX ANNOUNCES BCSC CEASE TRADE ORDER

February 20, 2012

VANCOUVER, B.C. – International PBX Ventures Ltd. (the "Company") (TSX.V:PBX) announces that the British Columbia Securities Commission has issued a Cease trade Order ("CTO") prohibiting the trading of the common shares of the Company effective immediately. The CTO was issued to the Company as a result of its technical report dated January 10, 2012 on the Copaquire mineral property (the Report) and filed on January 12, 2012 not being prepared in accordance to NI 43-101 guidelines.

The CTO will remain in effect until the company files a new or amended technical report for the Copaquire mineral property, completed in accordance with the Act and regulations, supporting PBX’s disclosure of mineral resources on the Copaquire mineral property as stated in its November 30, 2011 news release.

Management is working quickly and co-operatively with the BCSC to resolve this issue.

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.