Mr. Elmer Stewart reports

COPPER FOX ANNOUNCES A $2,500,000 PRIVATE PLACEMENT UNIT OFFERING, INSIDER COMMITS TO 100% PARTICIPATION

Copper Fox Metals Inc., subject to the approval of the TSX Venture Exchange, intends to complete a non-brokered private placement to raise up to $2.5-million. The offering is expected to consist of 3,164,557 units at a purchase price of 79 cents per unit, for aggregate gross proceeds of $2.5-million. Each unit consists of one common share 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 5 p.m. on the one-year anniversary of closing of the offering.

Ernesto Echavarria, a director, insider and control person of Copper Fox, as defined by the policies of the TSX Venture Exchange, has committed to 100-per-cent participation of this offering.

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

We seek Safe Harbor.