Mr. Elmer Stewart reports

COPPER FOX RECEIVES BUREAU OF LAND MANAGEMENT ACCEPTANCE OF SURETY BOND FOR MINERAL MOUNTAIN PROJECT

The Bureau of Land Management (BLM) has accepted Copper Fox Metals Inc.'s surety bond for the Mineral Mountain plan of operation to conduct an exploratory drill program (see news release dated Oct. 31, 2024) on its 100-per-cent-owned Mineral Mountain porphyry copper property (2,692.4 hectares) located within the Mineral Mountain mining district in Arizona. The Mineral Mountain mining district is located within a northeast-trending porphyry copper belt approximately 25 kilometres southwest from Rio Tinto and BHP's giant Resolution porphyry copper-molybdenum deposit and approximately 20 kilometres northeast of Taseko's Florence porphyry copper deposit.

Elmer B. Stewart, president and chief executive officer of Copper Fox, stated: "The acceptance of the surety bond by the BLM Arizona State Office was the last step required to commence our planned drill program. This is an important milestone for the Mineral Mountain porphyry copper project as this is the first-ever drill program to be completed on the project, based on our knowledge. Our exploration activities identified an exceptionally large, high-quality porphyry copper target that is the subject of the planned drill program. I would like to thank the BLM and our consultants for their hard work in completing the steps required to obtain the approval of our plan of operation."

Drilling program

The plan of operation consists of up to four diamond drill holes for a total of 2,500 metres to test two areas of higher chargeability (greater than 18 milliradians) within a 3,200-metre-long-by-1,200-metre-wide chargeability anomaly (greater than 12 milliradians) that underlies a 3,400-metre-long-by-1,600-metre-wide porphyry copper footprint.

Next steps

Copper Fox is in the process of soliciting bids for the drill program from four Arizona certified drilling contractors as well as completing logistical arrangements to support the drill program. The drill program is expected to commence in the third quarter of 2025, which, due to summer temperatures, provides safer working conditions for the drilling contractors.

Mineral Mountain project

The Mineral Mountain project covers a 3,400-metre-by-1,600-metre zone of gold-enriched, porphyry copper-style mineralization associated with a 3,200-metre-by-1,200-metre, open-ended, buried chargeability anomaly hosted in porphyritic granodiorite and quartz-monzonite phases of the Laramide-age Mineral Mountain intrusive (69.7 million years old plus or minus 400,000 years, uranium/lead zircon). The surface portion of the porphyry copper target is interpreted to represent the supergene portion of a large zone of gold-enriched copper-molybdenum-silver mineralization hosting over 800 copper showings associated with a central core of potassic alteration (potassium-spar/biotite/magnetite) contained within a broader zone of sericitic-chlorite alteration. Propylitic (epidote plus chlorite plus calcite) alteration has been observed within the potassic and sericitic alteration zones but is primarily located on the margin of the sericite-chlorite alteration.

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 focused on copper exploration and development in Canada and the United States. Its wholly owned subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., hold 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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