Mr. Elmer Stewart reports

COPPER FOX UPDATES SOMBRERO BUTTE COPPER PROJECT

Copper Fox Metals Inc. and its 100-per-cent-owned subsidiary, Desert Fox Sombrero Butte Co., have provided an update on the company's exploration activities on the Sombrero Butte project. The Sombrero Butte project is located approximately two kilometres south of the Copper Creek porphyry copper deposit, which is currently undergoing exploration/development by Faraday Copper Corp.

The primary objective of the 2024 program is to obtain a more comprehensive chargeability/resistivity model for the project in conjunction with updated geology, alteration and mineralization models to transition the project to the drilling stage. The 2024 program, in addition to the geophysical surveys, includes mapping, sampling, petrographic studies and whole-rock, trace and zircon geochemistry. Results of these activities will be reported upon receipt of all the data from these activities and incorporated into an updated project compilation.

Elmer B. Stewart, president and chief executive officer of Copper Fox, commented: "We are pleased to report that the planned seven-line survey (see news release dated Oct. 8, 2024) has been completed and preliminary chargeability/resistivity and magnetotelluric data from five of the seven lines has been received. These preliminary results and the extrapolation of the Holy Joe fault onto the Sombrero Butte project have significantly expanded our knowledge base and continues to support our belief that a large Laramide-age porphyry copper-molybdenum system is located within the project."

Geochronology

Age dating of samples from the Copper Creek intrusive (porphyritic hornblende-biotite granodiorite) at Sombrero Butte was performed by the Pacific Centre for Isotopic and Geochemical Research and yielded ages of 63.078 million years and 62.971 million years, confirming the Laramide age of the intrusive.

Magnetic modelling

The Copper Creek porphyry copper deposit is reported to be in the hangingwall of the Holy Joe fault, one of the main structural elements in the Copper Creek mining district and is considered to have played a significant role in the emplacement of the Copper Creek porphyry copper deposit. This west-dipping, northwest-southeast-trending fault extrapolated southward onto the Sombrero Butte project based on public information and a reinterpretation of the 2022 high-sensitivity airborne magnetic survey.

The large zone of limonite staining and quartz-sericite-limonite veining outlined by the 2024 mapping program is in the hangingwall of the Holy Joe fault and is interpreted to represent the pyrite shell of a porphyry copper system.

Analytical procedures

Age dating (uranium/lead zircon, based on 12 determinations) of samples from the Copper Creek intrusive was performed by the Pacific Centre for Isotopic and Geochemical Research located in Vancouver, B.C. (CA-TIMS U-Pb isotopic data). Sample preparation included zircon U-Pb laser ablation and ICP-MS for analytical data.

Elmer B. Stewart, MSc, PGeo, president and chief executive officer of Copper Fox, is the company's non-independent, nominated qualified person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves the scientific and technical information disclosed in this news release.

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 United States subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 100-per-cent ownerships of the Van Dyke ISCR (in situ copper recovery) project and the Mineral Mountain and Sombrero Butte porphyry copper exploration projects -- all located in Arizona; as well as the 25-per-cent interest in the Schaft Creek joint venture with Teck Resources Ltd. on the Schaft Creek copper-gold-molybdenum-silver project and the 100-per-cent owned Eaglehead polymetallic porphyry copper project -- each located in northwestern British Columbia.

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