News Releases


September 26, 2008
Copper Fox Applauds Advancement of Northwest Power Line

Calgary -Copper Fox Metals Inc. (CUU-TSX-V, CPFXF-S/P) applauds Premier Gordon Campbell, and the Province of British Columbia for its announcement to immediately start the environmental assessment process and First Nations Consultation on the Northwest Transmission Line (NTL) along Highway 37.

"The potential that the power line holds for the region, and projects under development such as Schaft Creek, is tremendous", said Guillermo Salazar S., President of Copper Fox. "This transmission line investment, which will allow Schaft Creek to access the electrical power grid, validates the business case made by supporters such as Copper Fox and the Mining Association of British Columbia "said Salazar. "As we move forward in fall 2008 with the full Feasibility Study, this development will be integral in realizing Schaft Creek's potential."

The province will invest the estimated $10 million to immediately restart the environmental assessment process -- the first step towards building the Northwest Transmission Line. The new 287-Kilovolt line will extend 335 km from Terrace.

The development of the NTL has the potential to attract billions of dollars of investment, create thousands of new jobs, and reduce reliance on diesel-electric generation.

About Copper Fox:

Copper Fox is a Canadian-based mining company listed on the Toronto Venture Exchange. The Company has concentrated its project activities exclusively to the Schaft Creek mineral deposit located in northwest British Columbia. Schaft Creek is one of the largest undeveloped copper, gold, molybdenum and silver deposits in Canada. A Preliminary Feasibility Study of Schaft Creek released September 15, 2008 reports a recoverable mining reserve of 812.2 million tonnes, producing 4.762 billion pounds of Copper, 255.2 million pounds of Molybdenum, 4.5 million ounces of gold and 32.4 million ounces of silver over a 22.6 year mine life based on a 100,000 tonne per day open pit mining operation.

Copper Fox holds the property pursuant to an option agreement with Teck Cominco Limited and has earned a direct 70% interest in the Schaft Creek Mineral Deposit. The Company may acquire up to a 93.4% direct and indirect interest in the property, subject to certain back-in rights to Teck Cominco.

For additional information contact: Investor inquiries: Jason Shepherd, Phoenix Communications Group Tel: 1-866-913-1910, E-mail:

On behalf of the Board of Directors

Guillermo Salazar, 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.

Cautionary Note Regarding Forward-Looking Information

This news release includes "forward-looking information" within the meaning of the Canadian securities laws. All statements, other than statements of historical fact, included herein and including, without limitation; anticipated dates for receipt, commencement or completion of permits, approvals, construction, production and other milestones; anticipated results of drilling programs, scoping, prefeasibility and feasibility studies and other analyses; anticipated availability and terms of future financings; estimated timing and amounts of future expenditures; Copper Fox's future production, operating and capital costs; operating or financial performance; geological interpretations and potential mineral recovery processes, are forward-looking statements. 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. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies. For any forward looking information given, management has assumed that the geological, metallurgical, engineering, financial and economic advice it has received is reliable, and is based upon practices and methodologies which are consistent with industry standards. 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 Copper Fox's expectations include: fluctuations in copper and other 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 and native groups 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 continuous disclosure filings with Canadian securities regulatory authorities at The forward-looking information in this news release is based on Copper Fox'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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