News Release

Ibex Technologies Inc. To Trade On TSX Venture Exchange

February 22, 2008

IBEX TECHNOLOGIES INC. ("IBT")
BULLETIN TYPE: New Listing-Shares
BULLETIN DATE: February 22, 2008
TSX Venture Tier 1 Company

The common shares of IBEX Technologies Inc. (the "Company") will be listed and admitted to trading on TSX Venture Exchange, on the effective dates stated below.

Listing Date: At the close of business (5:01 p.m. EST) on Friday, February 22, 2008.

Commence Date: The common shares will commence trading on TSX Venture Exchange at the opening Monday, February 25, 2008.

Please note that the common shares of the Company (Symbol: IBT) will be delisted from Toronto Stock Exchange at the close of business on Friday, February 22, 2008, and will be listed on TSX Venture Exchange at the same time.

Corporate Jurisdiction: Canada

Capitalization: Unlimited number of common shares without nominal value, of which 24,703,244 common shares are issued and outstanding.
1,592,992 common shares are reserved for issuance pursuant to the Stock Option Plan.

Escrowed Securities: None

Transfer Agent: CIBC Mellon Trust Company, Montreal, Toronto and Vancouver
Trading Symbol: IBT
CUSIP Number: 448937 50 8

For further information, please refer to the Company's continuous disclosure information available on SEDAR.

Company Contact: Mr. Paul Baehr, President and Chief Executive Officer
Company Address: 5485 Paré Street, Montréal, Québec H4P 1P7

Company Phone Number: (514) 344-4004
Company Fax Number: (514) 344-8827
Company Email Address: info@ibexpharma.ca