PBX Not Proceeding With Previous Financing Second Tranche

#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 Not Proceeding With

Previous Financing Second Tranche

April 17, 2012

VANCOUVER, B.C.– International PBX Ventures Ltd. (the "Company") (TSX.V:PBX) announces that is not proceeding with the second tranche of a non brokered private placement announced in its February 17, 2012 news release.

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.