Updated Mineral Resource Estimate For Eaglehead Project

CALGARY - Copper Fox Metals Inc. reported on the updated mineral resource estimate (MRE) on its Eaglehead copper-gold-molybdenum-silver porphyry copper project located in northwestern British Columbia. The MRE was prepared by Moose Mountain Technical Services (MMTS) in accordance with National Instrument 43-101 (NI 43-101) standards, CIM Definition Standards with guidance from CIM Best Practice Guidelines. For reporting purposes, a C$5.50 net smelter return (NSR) is considered the base case for the MRE.

Elmer B. Stewart, President and CEO, said, "This mineral resource estimate is a key milestone for Eaglehead as it is the first time an indicated mineral resource has been reported on the project. The current pit constrained resource estimate resulted from the geological modelling and compilation completed over the past year and shows a significant increase in project resources when compared to previous historical resource estimates. The spatial distribution of the alteration, mineral zonation, and style of mineralization indicates that the current mineral resource represents the upper level of a potentially much larger, open ended porphyry copper deposit. The zones of porphyry style mineralization are open at depth and along strike and indicates potential to significantly expand the project resource base. The Company is currently evaluating the MRE and plans to use these results to develop a program to continue testing the resource potential of the project."