Mr. Elmer Stewart reports

COPPER FOX ANNOUNCES ACCELERATED EXPIRY DATE FOR WARRANTS

The expiry date for Copper Fox Metals Inc.'s warrants, issued on March 30, 2020, and April 27, 2020, with regard to the company's recent non-brokered private placement (see news releases dated March 30 and April 27, 2020), has been accelerated to 30 days from today's date (for a new expiry date of Aug. 21, 2020). The acceleration of the expiry date is due to a trigger event (as defined in the warrant certificates), which occurred due to the weighted-average price of the common shares being above 15 cents for a period of 20 consecutive trading days, thereby automatically accelerating the expiry date of the warrants. The trigger event was disclosed in the private placement's news releases and in the respective warrant certificates. The warrants that are unexercised will expire and be of no further value on Aug. 22, 2020.

                        WARRANTS WITH ACCELERATED EXPIRY DATE

Exercise price         Number and dates of warrants issued        Accelerated expiry date

$0.09                     24,699,002 issued March 30, 2020                  Aug. 21, 2020
$0.09                      4,021,667 issued April 27, 2020                  Aug. 21, 2020

About Copper Fox Metals Inc.

Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly owned Canadian and U.S. subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 25-per-cent interest in the Schaft Creek joint venture with Teck Resources Ltd. on the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia and a 100-per-cent ownership of the Van Dyke oxide copper project located in Miami, Ariz.