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May 04, 2007
Copper Fox and the Tahltan Nation Development Corporation complete a "Memorandum of Understanding"

Calgary, May 4, 2007 Mr. Guillermo Salazar S President and CEO of Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-Venture -- "CUU") and Mr. Bill Adsit, President of Tahltan Nation Development Corporation (TNDC), are pleased to announce the completion of a "Memorandum of Understanding" (MOU) between Copper Fox and the TNDC. The Tahltan Nation Development Corporation is represented under this MOU as the economic arm of the Tahltan Nation and is owned by The Tahltan Band, The Iskut Band, and the Tahltan Central Council. The purpose of the Agreement is to set out the joint understanding and intention of the parties to cooperate in carrying out the work at the Schaft Creek Mine Project. The MOU defines the scope of work, program commitments, cooperation, and communication that Copper Fox will follow at Schaft Creek and recognizes that TNDC will be a "preferred contractor".

This agreement includes commitments regarding contracting and sub contracting opportunities for Tahltan businesses and employment and training opportunities for all members of the Tahltan Nation. A copy of the MOU will be filed on www.sedar.com and on the Company's website www.copperfoxmetals.com .

"We are very pleased to have achieved this major milestone in our relationship with the Tahltan Nation Development Corporation which will enhance the development of the Schaft Creek project. We believe it is crucial to involve the local communities early in the process of mine development and planning and value the expertise that the neighboring Tahltan and Iskut communities can provide to Schaft Creek moving forward" says Salazar ".

ABOUT THE TAHLTAN NATION DEVELOPMENT CORPORATION

The Tahltan Nation Development Corporation (TNDC) is the economic arm of the Tahltan Nation and generates wealth, economic, employment and training opportunities for all members of the Tahltan Nation.

ABOUT COPPER FOX

Copper Fox is a Canadian based Junior Natural Resource mining company listed on the TSX-Venture exchange trading under the symbol (CUU). The Company is working toward the economic development of the world class copper-gold-molybdenum-silver mineral deposit located at Schaft Creek situated in North West British Columbia, Canada. The Company holds an option agreement with Teck Cominco Limited to acquire up to a 93.4% direct and indirect interest in the Schaft Creek property.

For further information on Copper Fox please contact Jason Shepherd, Investor Relations toll free at 1-866-913-1910, Email investor@copperfoxmetals.com or contact Guillermo Salazar at 403 264 2820. Please visit the Copper Fox web site at http://www.copperfoxmetals.com

On behalf of the Board of Directors

Guillermo Salazar S
President & 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 the Company's other filings with 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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