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January 16, 2007
Copper Fox announces the final assay results for the 2006 season which include a 67.1 m intersection grading 0.74% copper and 1.32 g/t gold

Calgary Alberta-January 16, 2007 -- Copper Fox Metals Inc. ("Copper Fox" or "the Company") (TSX-V: CUU) is pleased to release the final batch of assay results for the final six drill holes from the 2006 drilling program at the Schaft Creek deposit located in northwestern British Columbia, Canada. These holes are part of a program designed to confirm the grade of historic drilling, delineate higher grade zones, and to collect representative metallurgical samples. All assay summaries are detailed in the enclosed Table.

Guillermo Salazar, President and CEO of Copper Fox states, "The Company is pleased with the results achieved from the 2006 field program. The new drill results continue to exceed historic results. For example, an intersection in hole DDH 06CF277 assayed 0.74% copper, 0.02% molybdenum, 1.32 g/t g gold and 4.84 g/t silver over 67.10 m. This section is flanked by 32.6 m grading 0.59% copper, 0.02% molybdenum, 0.78 g/t gold and 3.62 g/t silver, and by 12.2 m grading 0.48% copper, 0.02% molybdenum, 0.26 g/t gold and 3.58 g/t silver, which confirms the presence of high grade material close to the surface. We expect this to have an impact on the economic potential of the deposit." Mr. Salazar goes on to say, "This is a very exciting way of ending the 2006 season. Hole 06CF277 was drilled from the same site, but in the opposite direction, as the historic hole H72CH101 (which returned 362.74 m grading 0.21% copper, 0.01% molybdenum, 0.10 g/t gold and 0.36 g/t silver). The values returned by 06CF277 indicate the variability expected in such stockwork mineralization. The extent of mineralization reported in this hole (332 m grading 0.44% copper, 0.01% molybdenum, 0.54 g/t gold and 2.97 g/t silver) confirms the presence of high grades at Schaft Creek."

Drill hole 06CF263 twinned hole H71CH072 and returned a lower copper grade (0.32% copper vs. 0.44% in the historic drill hole). Two higher grade sections were returned (0.49% copper and 0.44 g/t gold over 6.1m starting at 61.0m, and 0.47% copper and 0.16 g/t gold over 15.2m starting at 100.7m).

Drill hole 06CF265 returned 0.35% copper, 0.31 g/t gold, 0.02% molybdenum and 1.52 g/t silver over 249 m including three sections that assayed 0.51% copper and 0.67 g/t gold over 6.1m 0.50% copper and 0.65 g/t gold over 24.4m and 0.69% copper and 0.41 g/t gold over 9.2m .

Drill Hole 06CF270 twinned hole T81CH220 and returned lower grades than the historic hole. (0.26% copper and 0.14 g/t gold compared to 0.38% copper and 0.28 g/t gold). Two higher grade sections from the new drill hole returned 0.44% copper and 0.24 g/t gold over 67.1m and 0.57% copper and 0.32 g/t gold over 33.6m.

Drill hole 06CF271 was drilled from the site of historic hole T81CH220 at a bearing of 090° and dip of -60°. The new hole returned an average grade over the entire hole of 0.26% copper and 0.10 g/t gold. Four higher grade sections returned 0.52% copper and 0.30 g/t gold over 15.4m , 0.49% copper and 0.31 g/t gold over 6.1m, 0.73% copper and 0.26 g/t gold over 9.15m, and 0.45% copper and 0.18 g/t gold over 9.2m.

Drill hole 06CF277 returned an average grade of 0.44% copper and 0.54 g/t gold over its entire 332 m length. The hole contained several higher grade sections including 0.59% copper and 0.78 g/t gold over 32.6m, a highly significant 0.74% copper and 1.32 g/t gold over 67.1m, 0.50% copper and 0.41 g/t gold over 33.6m.

Drill hole 06CF278 returned an average grade of 0.27% copper and 0.13 g/t gold including a section 0.40% copper and 0.14 g/t gold over 43.25m .

Guillermo Salazar, President and CEO of Copper Fox Metals Inc. and Qualified Person as defined by NI 43-101 has reviewed and approved the information contained in this news release

The Company continues with its work to complete a new NI 43-101 compliant Resource Calculation, perform bulk metallurgical testing, engineering and Scoping Study work

Copper Fox is a Junior Resource Mining Company listed on the TSX-Venture Exchange (CUU). The company is involved in the exploration and development of a world class copper/gold porphyry mineral deposit located in north western B.C. at Schaft Creek. Under the terms of an option agreement negotiated with Teck Cominco Limited, Copper Fox can acquire up to a 94.3% aggregate (direct and indirect) interest in the Schaft Creek mineral resource.

For further information please contact Jason Shepherd investor relations toll free at telephone 1 866 913 1910, Email investor@copperfoxmetals.com or visit our web site at http://www.copperfoxmetals.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Guillermo Salazar S., P. Geol.
President and CEO

The TSX Venture exchange has not reviewed the contents of this news release and accepts no responsibility for the adequacy or the accuracy thereof.

This news release may contain forward - looking information including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward - looking information includes disclosure regarding possible future events, conditions or results of operations that is based on assumptions about future economic conditions and courses of action, and therefore, involves inherent risks and uncertainties. For any forward looking information given, management has assumed that the assay results it has received are reliable, and has applied geological interpretation methodologies which are consistent with industry standards. Although management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements.

Click below to view the table:
http://copperfox.pubco.net/i/misc/table01.jpg

  





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