Mr. Elmer Stewart reports

COPPER FOX UPDATES EXPLORATION MODEL - PREPARING PLAN OF OPERATIONS FOR DRILLING AT SOMBRERO BUTTE PORPHYRY COPPER PROJECT

Copper Fox Metals Inc. and its owned subsidiary, Desert Fox Minerals Co., have presented an updated exploration model for its 100-per-cent-owned Sombrero Butte project. The model integrates data from the 2024 geophysical and mapping programs, petrographic, mineralogical, geochronological and alteration studies, whole-rock and trace element geochemistry, SWIR (short-wave infrared) and high-resolution airborne magnetic and radiometric surveys, and available public data. The use of trace element ratios and zircon geochemistry was used to distinguish between prospective (fertile) and non-prospective intrusive phases of the Copper Creek granodiorite.

Elmer B. Stewart, president and chief executive officer of Copper Fox, commented: "The data compilation and updating the exploration model, provides the opportunity to prepare a plan of operations to conduct an exploratory drill program to test the large porphyry target located in the centre of the project. The exploration model suggests a near-surface, highly evolved porphyry copper-molybdenum system exhibiting supergene enrichment of the copper mineralization and several episodes of high-temperature hydrothermal fluids located in the same structural setting as the Copper Creek porphyry copper deposit to the north."

Faraday Copper's Copper Creek porphyry copper deposit and Copper Fox's Sombrero Butte project are in the historically productive Copper Creek-Bunker Hill mining district, which contains breccia-pipe-hosted and porphyry-style copper mineralization. The Copper Creek porphyry copper deposit is located approximately three kilometres north of the Sombrero Butte project.

Summary

The updated exploration model supports the presence of a large, highly evolved porphyry copper system overlain by a relatively thin veneer of phyllic-altered andesitic volcanics and volcaniclastic sediments of the Glory Hole formation. The Copper Creek intrusive exhibits a diorite to granodiorite evolutionary trend consistent with other porphyry copper deposits in Arizona with SiO2 (silicon dioxide) contents ranging between 52 and 70 per cent SiO2, consisting primarily of porphyritic and non-porphyritic phases of hornblende-biotite granodiorite and biotite granodiorite, with lesser amounts of quartz diorite, quartz monzonite and quartz syenite.

The near-surface porphyry copper target is characterized by quartz-vein-hosted copper-molybdenum mineralization that exhibits a strong spatial correlation to a central zone of potassic alteration and laterally widespread thermal metamorphism and phyllic alteration of the Glory Hole volcanics. The zone of potassic alteration hosts areas of quartz-magnetite and magnetite veining (indicative of early potassic alteration) and prospective hypersaline fluid inclusions (liquid-plus-vapour-plus-daughter minerals) typically observed in the epizonal portion of porphyry copper deposits, underlain by a coincident strong positive chargeability anomaly hosted in the Laramide-age Copper Creek intrusive (lead/uranium zircon ages of 62.97 million years old plus or minus 10,000 years and 63.08 million years old plus or minus 10,000 years) and overlying Glory Hole volcanics.

The updated exploration model highlights the following features typically seen in Laramide porphyry copper deposits in Arizona:

• The southern extension of the Copper Creek granodiorite consists primarily of porphyritic and non-porphyritic hornblende-biotite granodiorite and biotite granodiorite;
• The porphyry copper target and underlying 3,200-metre-long-by-1,300-metre-wide chargeability anomaly (greater than 25 milliradians) occupies the same structural setting as the Copper Creek porphyry copper deposit;
• A central potassic zone surrounded by widespread phyllic (the Limonite zone, oxidized quartz-pyrite-sericite veinlets) and lesser amounts of distal advanced argillic, propylitic and tourmaline alteration;
• Hypogene enrichment (that is, bornite rimming chalcopyrite) of copper mineralization and magnetite rimming pyrite indicating several superimposed high-temperature hydrothermal events;
• Hypersaline fluid inclusions with liquid-plus-vapour-plus-solid phases of halite, hematite, chalcopyrite and anhydrite typically observed in epizonal portions of porphyry copper deposits;
• Multiple (120) breccia pipes, including magmatic hydrothermal breccia containing high-grade copper plus or minus molybdenum-gold-silver mineralization;
• Thermal metamorphism of the Glory Hole volcanics suggesting a relatively thin cover of Glory Hole volcanics overlying the Copper Creek granodiorite intrusive.

General geology

The geology of the Sombrero Butte project consists of Precambrian-age Pinal schist, Laramide-age Glory Hole volcanics and Copper Creek granodiorite, and the Miocene-age Galiuro volcanics.

Structural setting

The Copper Creek porphyry copper deposit is located between the Holy Joe fault and the Blind Thrust fault. Modelling of high-resolution magnetic data delineated several north-northwest-trending, west-dipping (55 degrees to 65 degrees), regional-scale magnetic features, three of which exhibit a strong correlation to the Range Front fault, the Blind Thrust fault and the Holy Joe fault. The porphyry exploration target and chargeability anomaly occupy the same structural setting on the Sombrero Butte project.

Petrographic/mineralogical studies

These studies identified the following mineralogical and alteration features indicative of a porphyry copper system:

• Widespread potassic (potassium-spar) alteration and quartz-chalcopyrite-bornite veins associated with the K-spar alteration;
• Hypogene enrichment evidenced by bornite encroaching inward on core zones of chalcopyrite;
• Sulphide mineralization postdates the thermal metamorphism of the Glory Hole volcanics;
• Samples where the paragenetic sequence shows later-stage magnetite rimming and replacing pyrite, an unusual pattern, in that porphyry-related hydrothermal systems generally evolve from a low oxidation-low sulphidation state to high-oxidation and high-sulphidation states.

Fluid inclusion studies

Fluid inclusions in porphyry copper deposits are considered to be indicative of epizonal intrusions, which are the most favourable parents for porphyry copper mineralization and provide direct information about the hydrothermal fluids that transport metals and form deposits. The fluid inclusions identified at Sombrero Butte are: (a) vapour minerals; (b) liquid-plus-vapour minerals; and (c) liquid-plus-vapour-plus-daughter minerals. The presence of hypersaline inclusions (liquid-plus-vapour-plus-daughter minerals) suggests the intrusive source achieved saturation and phase separation (that is, boiling) into a vapour-rich phase and a high-salinity brine phase.

Breccia systems

Five different styles of breccias occur within the porphyry target at Sombrero Butte. These mineralized and non-mineralized breccias occur as vertically dipping pipes exhibiting different textural, geochemical associations, alteration patterns, degrees of leaching and weak to intense argillic alteration. The breccia pipes at the northwestern end of the project occur within an 800-metre-by-800-metre area within potassic and phyllic altered porphyritic and non-porphyritic hornblende-biotite granodiorite, biotite granodiorite, and Glory Hole volcanics. Several of these breccia pipes were tested by diamond drilling between 2006 and 2008. Selected weighted average grade for mineralized intervals from these breccias are shown in Table 1.

Analytical procedures

Age dating (uranium/lead zircon, based on 12 determinations) of samples was performed by the Pacific Centre for Isotopic and Geochemical Research, located in Vancouver, B.C. (CA-TIMS uranium-lead isotopic data). Whole-rock and trace element sample preparation and analytical results were completed by ALS Canada Ltd. at its facilities in Vancouver, B.C. Sample analyses utilized ALS's codes ME-MS61L for trace elements, MS61L-REE for rare earth elements and ME-ICP for whole-rock element analyses. Historical analytical results from the 2006-to-2008 drilling performed by Bell Copper were generated by Activation Laboratories using instrumental neutron activation analyses (INAA) and inductively coupled plasma (ICP) mass spectrometry analytical techniques. Both Bell Copper and Activation Laboratories employed various standards and blanks in their respective quality assurance/quality control programs. Vancouver Petrographics, located in Langley, B.C., prepared the thin sections, completed cobaltinitrite staining of cut block and provided petrographic descriptions of the thin sections.

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. He has approved the scientific and technical information disclosed in this news release.

About Copper Fox Metals Inc.

Copper Fox is a 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 the 100-per-cent ownership of the Van Dyke oxide copper project, located in Miami, Ariz.

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