News Releases

News

June 11, 2007
Copper Fox announces its request for a trading halt

Calgary, June 11, 2007, Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V -- CUU) announces that, as a result of information provided to the Company on June 7, 2007 by its independent Qualified Person, Keith McCandlish, Vice President and General Manager of Associated Geosciences Ltd. (AGL), the Copper Equivalent Values provided to Copper Fox by AGL and reported by Copper Fox in its News Release of May 9, 2007 may be materially understated. As a result, the classification of the resources is understated.

An error in the formula used by AGL to calculate the copper equivalent has been identified. The Company is advised by AGL that the correction to the copper equivalent calculation will not affect the grades of individual resource blocks, tonnes or contained metal of the Schaft Creek deposit.

The resource estimate announced on May 9, 2007 is being reviewed by the Company in detail with its consultants, in conjunction with its review of the copper equivalent values, and the Company will issue a further news release to announce the results of this review. The Company requested the TSX-venture exchange halt trading of the stock until such time as recalculation of the copper equivalent values has been completed.

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 mineral deposit located at Schaft Creek situated in north west British Columbia, Canada. The Company is in the process of evaluating the feasibility of developing an open pit mine with a minimum capacity of 65,000 tonnes/day processing rate over a minimum life of 15 years. Copper Fox holds the property pursuant to an option agreement with Teck Cominco Limited whereby Copper Fox may 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
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.

  





Designed and popwered by Adnet