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February 08, 2007
Copper Fox Metals Inc. Announces Year-end 2006 Financial Results

Calgary, Alberta - February 8, 2007 - Guillermo Salazar S, President and CEO of Copper Fox Metals Inc. (TSX -- Venture: CUU) is pleased to announce its 2006 year-end financial results. Copies of the financial statements and notes and related management discussion and analysis may be obtained on SEDAR at www.sedar.com, our Company web site at www.copperfoxmetals.com or by contacting the Company directly.

Highlights -- In 2006, Copper Fox spent a further $5.9 million of additional expenditures on the Schaft Creek Property and satisfied the first obligation of earning its 94.3% option interest from Teck-Cominco by spending $5,000,000 of expenditures on the Schaft Creek deposit by December 31, 2006. The Company also completed over $9.7 million of equity financings during the year. The corporation's working capital position at October 31, 2006 was $2.6 million. The Company incurred a loss of $1,656,713 for the year ended October 31, 2006 ($0.04 per share) compared to a loss of $590,637 ($0.04 per share) for the year ended October 31, 2005 and losses of $193,356 for the three months period ended October 31, 2006 ($0.00 per share) compared to a loss of $202,831 ($0.00 per share) for the three months ended October 31, 2005.

Subsequent to year end, the Company completed financing in December 2006 for gross proceeds of $3.1 million.

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 includes "forward-looking information" within the meaning of the Canadian securities laws. Statements, other than statements of historical fact, may constitute forward-looking information and include, without limitation: anticipated timing and content of upcoming work programs, geological interpretations, receipt of property titles, and potential mineral recovery processes; anticipated dates for receipt of permits, approvals and other milestones; anticipated results of drilling programs, feasibility studies and other analyses; anticipated availability and terms of future financing; future production, operating and capital costs; and operating or financial performance. Information concerning mineral reserve and resource estimates also may be deemed to be forward-looking information in that it reflects a prediction of the mineralization that would be encountered if a mineral deposit were developed and mined. 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. Forward-looking information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Important factors that could cause actual results to differ materially from management's expectations include: fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for co-operation of government agencies in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Copper Fox's Information Circular dated March 29, 2005, filed with the Canadian securities regulatory authorities at www.sedar.com. The forward-looking information in this news release is based on management's current expectations and Copper Fox assumes no obligations to update such information to reflect later events or developments, except as required by law.

  





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