Mr. Elmer Stewart reports

COPPER FOX ANNOUNCES CLOSING OF A $2,653,000 FINANCING

Copper Fox Metals Inc. has closed a previously announced non-brokered private placement financing for proceeds of $2,653,000.

The financing consisted of the issuance of 3,358,228 units at a purchase price of 79 cents per unit, for aggregate net proceeds of $2,653,000. Each unit consists of one common share of Copper Fox and one common share purchase warrant of Copper Fox. Each warrant entitles the holder thereof to acquire one common share of Copper Fox at an exercise price of $1 prior to April 8, 2014, at 5 p.m.

Moneys raised from the offering will be used to finance costs associated with Copper Fox's environmental assessment application, development expenses of Copper Fox's Schaft Creek and Arizona projects, and for general operating expenses.

In accordance with applicable securities legislation, securities issued pursuant to the financing are subject to a hold period of four months plus one day from the date of completing the financing.

No fees or commissions were paid as part of this transaction.

We seek Safe Harbor.