Mr. Elmer Stewart reports

COPPER FOX ANNOUNCES GEOPHYSICAL SURVEY AT EAGLEHEAD PORPHYRY COPPER PROJECT

Copper Fox Metals Inc., through its wholly owned subsidiary, Northern Fox Copper Inc., has contracted Dias Geophysical Ltd. to complete a 3-D pole-dipole distributed DCIP (direct-current induced polarization) survey on its 100-per-cent-owned Eaglehead porphyry copper-gold-molybdenum-silver project located approximately 50 kilometres east of Dease Lake in northwestern British Columbia. The planned survey, over approximately six square kilometres, completes the geophysical coverage of that portion of the mineralized corridor that hosts four closely spaced, open-ended deposits of porphyry copper mineralization, which formed the basis for the current mineral resource estimate (MRE) on the project (see news release dated Aug. 30, 2023).

Elmer B. Stewart, president and chief executive officer of Copper Fox, stated: "The four open-ended zones of porphyry-style mineralization included in the current MRE are located along the apex of a partially defined continuous six-kilometre-long chargeability anomaly. The locations of the mineralized zones are a function of the historical drilling completed prior to the more current deep-penetrating geophysical surveys that resulted in large portions of the updated chargeability anomaly being untested. The strong spatial correlation between the mineralization and the chargeability anomaly provides an opportunity to better define the size of the mineralized envelope and a crude indication as to the porphyry potential of the Eaglehead project."

The Eaglehead project

The Eaglehead project covers an intrusion-hosted calc-alkalic polymetallic (copper-molybdenum-gold-silver) porphyry copper system located in the prolific Quesnel terrain approximately 50 kilometres east of Dease Lake, B.C. The property covers 15,713 hectares centred over the Late Triassic/Early Jurassic (195-million-year-old) composite, granodioritic/dioritic Eaglehead batholith. The copper footprint and primary exploration target are an eight-kilometre-by-three-kilometre zone of altered and mineralized rocks, located along the southern contact of the Eaglehead batholith, referred to as the mineralized corridor. The mineralized corridor is characterized by four open-ended deposits and two large zones of porphyry-style copper-molybdenum-gold-silver mineralization and associated alteration located along the apex of an open-ended six-kilometre-long chargeability anomaly (greater than 15 milliradians). The strong spatial relationship between copper mineralization and chargeability indicates potential for porphyry-style mineralization between the known mineralized zones to continue laterally and down dip along the flanks of the chargeability anomaly. Historical exploration includes 126 diamond drill holes (36,605 metres), preliminary metallurgical test work, airborne and ground geophysical surveys, soil and stream sediment geochemical surveys, and limited prospecting and mapping.

Survey objectives

The objectives of the planned 2025 survey are to image the chargeability and resistivity signatures within the survey area to a depth of over 600 metres and generate an unconstrained 3-D inversion model of chargeability and resistivity. As follow-up work to the 2025 survey, Copper Fox plans to incorporate all geophysical data collected within the mineralized corridor into updated chargeability/resistivity models for the Eaglehead project.

Dias32 3-D DCIP survey plan

The planned geophysical survey area is located to the north of the existing geophysical coverage and overlaps the northern edge of previous geophysical surveys to enable preparation of significantly longer, updated chargeability and resistivity signature profiles based on the previous and current geophysical data. Dias will carry out a rolling distributed-array 3-D survey in common voltage reference mode, in which the Dias32 receivers are deployed across several survey lines and current injections are injected within the active array of receivers. The survey comprises five receiver lines and four current injection lines. As the current injection progresses across the survey area, the receivers are rolled along by picking up receivers on the trailing portion of the survey area and placing them in the leading portion to maintain a consistent array relative to the current injection line.

Survey specifications

The Dias32 system is a leading technology in IP and resistivity surveying. The system is a distributed-array system, comprising single-channel receivers, each equipped with battery, time-series data recording, cable-free mesh networking and GPS (Global Positioning System). The Dias32 receivers are augmented by a robust HSE (health, safety and environment) management system, which includes a new lightning shunt technology and its new GS5000 transmitter, which provides the best power-to-weight performance. The survey will be completed using 600-metre line spacing, 250-metre receiver spacing and 500-metre injection spacing.

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. Mr. Stewart 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 focused on copper exploration and development in Canada and the United States. The principal assets of Copper Fox and its wholly owned subsidiaries (being Northern Fox Copper and Desert Fox Copper) 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, and 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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