Hi,
You won't be able to do it that way. When the CallbackPanel searching for triggers, it searches within the CallbackPanel control's naming container. Since your image button is in a different naming container (the repeater itself implements INamingContainer), so it won't be able to find it.
You can use eo_Callback to trigger the Callback. Instead of using an ImageButton control, you can use regular HTML:
Code: HTML/ASPX
<img src="some_image.gif" onclick="eo_Callback('CallbackPanel1');" />
That will also trigger the callback. For more information about eo_Callback function, check Client Side API Reference -> Global Functions in the help file.
Thanks