News Releases


July 10, 2007
Copper Fox Updates 2007 Schaft Creek Work Program

Calgary, Alberta, July 10, 2007: Copper Fox Metals inc. ("Copper Fox" or the "Company") (TSX-V:CUU) is pleased to provide an update on the Schaft Creek project. On July 3, 2007, Copper Fox issued a News Release detailing significantly increased resources at Schaft Creek. This up-dated resource presents the possibility for a much larger operation than previously contemplated for the Schaft Creek mineral deposit.

Table - 2 of the July 3, 2007 News Release reports -for the first time- the presence of a higher grade resource (208.9 million tonnes grading 0.42% Cu, 0.34 g/t Au, 0.031% Mo and 1.52 g/t Ag with a conservative and recoverable- CuEq of 0.66%).

The Measured and Indicated resources at a cutoff of 0.20% copper equivalent ("CuEq") are estimated to be 1.393 billion tonnes averaging 0.25% copper (7.7 billion pounds), 0.18 gpt gold (8.1 million ounces), 0.019% molybdenum (584 million pounds) and 1.55 gpt silver (69.4 million ounces) for an average 0.39% copper equivalent ("CuEq").

"A mine life of more than 35 years at a daily mill rate of 100,000 tonnes is very much a possibility and will be included in our Scoping Study", say Guillermo Salazar, President and CEO of Copper Fox. " The continuity and mineability of this higher grade resource will be considered as part of a proposed early pit and mill operating complex when we complete the Pit Optimization and Scoping Studies now in progress", continues Mr. Salazar. "Completion of the Scoping Study is a very significant part of Copper Fox's plans for the development of Schaft Creek and is scheduled for the late summer/fall of 2007.

"Exploration planned for this summer will include Induced Polarization and Resistivity surveys over the known deposits and their extensions to the north and east. The purpose of these surveys is to get the geophysical fingerprint of the deposits and to test the new geological model, which suggests the deposits as being open to the north, east and to depth. Anomalies defined by these surveys will be drill tested this year, especially in the Mt. LaCasse ridge." Overall a project budget of 17.6 million dollars has been approved by the Board of Directors for 2007.

Conference Call: Copper Fox Metals will be conducting a conference call on Wednesday July 11, 2007 at 4:30PM Eastern Time (1:30 PM PST).
To listen & watch this session please login to:

If you would prefer to Dial-In to listen to this event please call:
Local / International: 416-849-9626
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In addition to the scoping study and exploration work to locate additional zones of mineralization either in the deposits to the north and to the east or in the Mt LaCasse ridge area mentioned above, we are working on:

Community Relations

Copper Fox believes that building relationships based on trust and mutual respect is essential to business success. The Company has forged a mutually beneficial relationship with the Tahltan Nation, which has resulted in a communication agreement, whereby both parties agreed to share information on a regular basis through actively engaging community members at scheduled public meetings to elicit feedback and respond every step of the way while building a relation with members of the Tahltan Nation, including the Environmental Permitting Process. Copper Fox is entering into a funding agreement with the Tahltan Heritage Resources Environmental Team providing an opportunity for this organization to participate in the review process. . Working collaboratively is the preferred way of doing business at Copper Fox and we will continue to earn the respect of the Tahltan Nation and other communities by pursuing relationships based on trust, transparency, partnership and goodwill.

Schaft Creek Camp is being expanded to house 70 personnel.

Drilling: Four drills will be on site this season. Two are in place and have been performing geotechnical work. A third drill is scheduled to start the testing of the possible tailings dams. On completion of the pit optimization study, a fourth drill will proceed with the work designed to test the pit's slope stability and the possible extensions to the mineral deposits.

Pit Optimization Study: The pit optimization study is being designed by Moose Mountain Engineering Services Ltd. under the guidance of Samuel Engineering Inc. The possibility of operating the mine at a minimum capacity of 100,000 tonnes per day for 35 years will be evaluated in the Scoping Study

Road and Power Access: Preliminary road lay out and surveys to access the Schaft Creek deposit from Novagold's proposed road access from Highway 37 to its Galore Creek project is being carried out by McElhanney Surveys of Prince George on behalf of Copper Fox, under the supervision of Samuel Engineering Inc. who are mandated to prepare the Schaft Creek feasibility study. As well, B.C. Hydro has been contracted to provide a preliminary evaluation of the feasibility of providing access to the power grid for the Schaft Creek project.

Geotechnical (pit and tailings sites): The potential waste dump and tailings disposal areas, as selected by Samuel Engineering, are being investigated by drilling and baseline studies to define their suitability for the chosen purpose.

Bench and Bulk Flotation Tests: Recoveries of the different metals (copper, gold, molybdenum and silver) in a typical flotation mill are being defined with one and two tonnes size tests now that laboratory scale tests have been concluded. Our metallurgical consultants are working on their reports. The results from all of these tests are expected in August, 2007.

Environmental Assessment Process: Schaft Creek environmental and socio-economic baseline studies began in October 2005 and are ongoing. Baseline studies completed in 2006 included wildlife (moose, goats and bird studies), water quality, aquatic biology, fisheries, hydrology, meteorology, archaeology and metal leaching and acid rock drainage (ML/ARD). The results of the 2006 studies were reviewed by federal and provincial regulators and the Tahltan Nation. The scope of work for the 2007 environmental and socio-economic baseline studies has increased and is aimed at fulfilling requirements of both a federal and provincial environmental assessment process and the specific studies requested by the Tahltan Nation. The work and scope of the 2007 environmental and socio-economic baseline studies were presented and approved by the government authorities and the Tahltan Nation, these studies include: socio-economics impact, traditional knowledge, country foods, wetlands, hydrogeology, soils, ecosystem mapping, vegetation, archaeology, human health, fisheries and aquatics, wildlife, hydrology and ML/ARD.

The baseline studies from 2005 through 2007 will form the basis of the Schaft Creek environmental assessment application. Work on the application began in 2007 and will continue through 2008. The anticipated completion date of the application for an environmental assessment certificate is the fourth quarter 2008.

About Copper Fox

The Schaft Creek mineral deposit is one of the largest copper deposits undeveloped in Canada and the company is evaluating the feasibility of developing an open pit mine with a minimum capacity of 100,000 tonnes per day and a mine life of +35 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 property. Title to the property is in good standing before the BC Government until 2015.

Schaft Creek is located in north western British Columbia, Canada, a stable socio-political environment. This area of northwest British Columbia is often referred to as the "Gold Copper Belt" and includes deposits like Galore Creek, and Red Chris. Copper Fox is in the Environmental Assessment Process required by the British Columbia and Canadian Governments for project permitting and is in continuous consultation with the Tahltan Nation.

For further information please contact Jason Shepherd, Investor Relations toll free at 1-866-913-1910, Email www. or contact Guillermo Salazar at 403-264-2820. Please visit the Copper Fox web site at: . The full resource calculation report can be viewed on SEDAR.

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, and potential mineral recovery processes; anticipated dates for receipt of permits, approvals and other milestones; anticipated results of drilling programs, scoping and feasibility studies and other analyses; 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 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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