Mr. Elmer Stewart reports

COPPER FOX PROVIDES ANALYTICAL RESULTS FROM 2024 GEOTECHNICAL DRILLING PROGRAM AT SCHAFT CREEK PROJECT

Copper Fox Metals Inc. has provided the analytical results for the six geotechnical drill holes completed at the Schaft Creek project in 2024. The Schaft Creek project is managed through the Schaft Creek joint venture (SCJV). Teck Resources Ltd. is the operator of the SCJV and holds a 75-per-cent interest, with Copper Fox holding the remaining 25-per-cent interest. The Schaft Creek deposit, located in northwestern British Columbia, is one of the largest undeveloped porphyry copper deposits in North America that contains significant gold-molybdenum-silver byproducts.

In 2024, the SCJV approved an $18.9-million budget to advance key project activities, including the collection of geotechnical, metallurgical, engineering and environmental data and community engagement. The geotechnical drill holes were designed to collect additional geomechanical, downhole geophysical, structural and hydrogeological data to be used to generate updated deposit-scale hydrogeological and slope stability models. Three of the six geotechnical drill holes intersected significant intervals of mineralization.

Highlights and analytical results for the geotechnical drilling program are summarized below:

• Four of the six geotechnical drill holes were completed along the east side of the Paramount zone referred to as the highwall and two drill holes were completed on the west side of the Paramount zone.
• The mineralization intersected in DDH SCK-24-472 extended the mineralization in the Paramount zone approximately 250 metres to the north.
• Analytical highlights include:
  • DDH SCK-24-471 intersected a core interval of 134.60 metres (21.60 to 156.20 metres) that averaged 0.338 per cent copper, 0.037 per cent molybdenum, 0.058 gram per tonne gold and 0.78 gram per tonne silver, which included a 63.80-metre core interval (59.20 to 123.00 metres) that averaged 0.437 per cent copper, 0.066 per cent molybdenum, 0.050 gram per tonne gold and 1.11 grams per tonne silver.
  • DDH SCK-24-472 intersected a core interval of 208.64 metres (406.10 to 614.74 metres) that averaged 0.253 per cent copper, 0.014 per cent molybdenum, 0.115 gram per tonne gold and 0.88 gram per tonne silver.
  • DDH SCK-24-476 intersected a core interval of 202.60 metres (189.70 to 392.30 metres) that averaged 0.324 per cent copper, 0.023 per cent molybdenum, 0.044 gram per tonne gold and 1.68 grams per tonne silver, which included a 14.40-metre core interval (196.80 to 211.20 metres) that averaged 0.634 per cent copper, 0.104 per cent molybdenum, 0.092 gram per tonne gold and 3.48 grams per tonne silver.
• The other three geotechnical drill holes were not expected to intersect mineralization due to their locations and returned background metal concentrations.

Elmer B. Stewart, president and chief executive officer of Copper Fox, stated, "While the primary purpose of the geotechnical drilling program was to augment the geotechnical information for the Schaft Creek deposit, the 2024 drilling expanded the mineralized envelope of the Schaft Creek deposit to the northwest and intersected significant intervals of near-surface higher-grade copper-molybdenum mineralization that provides additional information on the distribution/continuity of the mineralization within the Paramount zone."

Analytical results

The mineralized intervals reported in this news release were calculated using a 0.10-per-cent-copper-equivalent cut-off grade. Samples lower than the 0.10-per-cent-copper-equivalent cut-off were included in the weighted average interval provided that the sample interval below the cut-off did not exceed 10.0 metres in core length. Intervals of core lost with zero metal concentrations are included in the interval and weighted average metal grades and copper equivalent estimation. The weighted average grades of the mineralized intervals are set out in the attached table.

Discussion of mineralized drill hole results

DDH SCK-24-471 was drilled to the northwest and is located on the western side of the Paramount zone. The higher-grade copper-molybdenum mineralization (core interval from 21.60 to 156.20 metres) starts at the overburden/bedrock contact. Three additional intervals of low-grade mineralization were intersected at depth.

DDH SCK-24-472 located at the north end of the Paramount zone was drilled to the west. Due to intensely broken ground conditions, core recovery started at a downhole depth of 94.0 metres. In the core interval of 94.00 to 391.98 metres, five intervals ranging from 11.60 metres to 40.48 metres of copper-gold-molybdenum mineralization were intersected. The most significant interval of copper-gold-molybdenum occurs in the core interval of 412.0 to 614.74 metres and includes a 65.48-metre interval of higher-grade copper-molybdenum-gold mineralization.

DDH SCK-24-476 was drilled to the southwest and intersected two significant intervals of mineralization. The upper mineralized interval (24.5 to 169.13 metres) contains two intervals of higher-grade copper mineralization. The lower interval (189.70 to 392.50 metres) contains three intervals of higher-grade copper-molybdenum mineralization and is underlain by an interval (402.00 to 426.00 metres) of significantly lower-grade copper mineralization.

Diamond drilling and sampling procedures

The geotechnical drilling was completed using PQ-diameter and HQ-diameter core. Overall core recovery was estimated to be greater than 90 per cent. After cutting with a diamond saw, one-half of the core was collected for sample preparation and analysis and the other half was retained for future reference. Sample intervals were selected to not cross major lithological or hydrothermal alteration changes and ranged from 0.76 metre to 3.00 metres in length, with most intervals being an average of 2.0 metres.

Quality control

The SCJV follows a rigorous quality assurance/quality control program. In total, 1,253 samples were submitted as part of the drill core analysis, including 1,037 split-core samples, 89 commercial certified reference material (CRM) standards, 38 field blanks, 26 pulp duplicates, 38 field duplicates and 25 crush duplicates. The matrix material of the CRMs is matched to the Schaft Creek deposit geology. All standards used are certified for four-acid digestion and gold by fire assay. Four standards, one field blank and three duplicates (crush, field and pulp) were inserted to each batch of 100 samples. The insertion rate of the CRMs during 2024 was 7:1.

Analytical data for each standard were reviewed on a batch-by-batch basis. Only the performance of gold (by Au-ICP21), copper, molybdenum and silver (ME-MS61) were considered in the failure criteria. The performance of non-economic elements arsenic, iron, magnesium (ME-MS61), total sulphur by IR08 and total copper by sequential leach (Cu-PKG06LI) were used to monitor digestion and method-specific failures. ALS Ltd., located in North Vancouver, B.C., completed the analysis of the samples provided. ALS has an ISO 9001:2008 (International Organization for Standardization) rating for quality management systems. ALS has an ISO/IEC 17025:2017 UKAS (reference No. 4028) accreditation.

Four drill holes from the 2024 program were analyzed using an analytical package: Au-ICP21 (30 grams) and ME-MS61 (0.75 gram): four-acid digestion followed by ICP-MS measurement; ME-IR08: total carbon by C-IR07; and total sulphur by S-IR08 and Cu-PKG06LI (sequential leach copper) plus S-IR06a. Two drill holes were assayed using the modified method multielement analytical package: Au-ICP21 (30 grams) and ME-MS61 (0.75 gram): four-acid digestion followed by ICP-MS measurement; ME-IR08: total carbon by C-IR07; and total sulphur by S-IR08 plus S-IR06a.

Qualified person

Elmer B. Stewart, MSc, PGeol, 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 approved 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 U.S. 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 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.

We seek Safe Harbor.