Mr. Elmer Stewart reports

COPPER FOX PROVIDES UPDATE ON 2025 SCHAFT CREEK PROGRAM

Copper Fox Metals Inc. has provided the results of the 2024 geotechnical investigations and an update on 2025 activities at the Schaft Creek project. The Schaft Creek project is managed through the Schaft Creek joint venture (SCJV). Teck Resources Ltd. is the operator of the SCJV and holds 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.

The 2025 Schaft Creek program is designed to complete a field program consisting of drilling and geophysical surveys to further investigate the areas designated for the rock storage facility (RSF), conduct archaeological and baseline environmental data collection, and complete required upgrades to the field camp facilities. In addition, a desktop compilation of technical data collected between 2021 and 2024, including metallurgical, geotechnical, archeological and environmental data, will lead to a review to determine project readiness to progress to the prefeasibility study (PFS) stage (see news release dated Jan. 30, 2025).

Highlights:

• Upgrades to the camp facilities, including installation of solar array to supply clean, renewable electrical power, are under way.
• The 2025 drilling program has commenced south of the Liard zone and is intended to collect data in an area proposed for rock storage.
• Archeological investigations and baseline environmental data collection are in progress.
• The 2024 report on geotechnical drilling and related geophysical and hydrogeological surveys has been received (see geotechnical investigation section below).
• Coarse particle flotation test work has been added to the geometallurgical studies to better characterize the geometallurgical response from the Liard zone.
• Strengthening collaboration and engagement with the Tahltan Nation through the support of educational opportunities, youth athletics and cultural training is continuing.

Elmer B. Stewart, president and chief executive officer of Copper Fox, stated: "The data from the 2025 program is expected to provide critical geotechnical data in the area proposed as a rock storage facility and is critical infrastructure for the Schaft Creek project. The 2024 geotechnical investigation report augments and supports the conclusions of the 2023 geotechnical report and makes recommendations for additional drilling to better assess pit slope conditions ahead of updating the current open-pit design. The addition of coarse particle flotation to the geometallurgical study provides an opportunity to assess the potential of incorporating this process into the milling circuit to reduce power costs."

Geotechnical investigation

Piteau Associates Engineering Ltd. managed the 2023 and 2024 geotechnical investigations. The 2024 program included geomechanical logging of the 2024 drill core, downhole geophysical surveys, packer testing, vibrating wire piezometer (VWP) installations, field and laboratory rock mechanics testing, data compilation, analysis, and preliminary design.

Following the recommendation outlined in the 2023 geotechnical report, the 2024 program supported the progression of the geotechnical model for an updated open-pit design and provided more confidence in the geotechnical domains outlined in the proposed open pit, including in the highwall along the east and northeast side of the Schaft Creek deposit. The 2024 geotechnical data support the separate geotechnical domains outlined in 2023, each with recommended pit slope angles, ranging from 39 degrees to 51 degrees and the potential for 30-metre-high benches in the southwestern portions of the pit. The 2024 report recommends additional drilling to better characterize the geotechnical variability along the highwall portion of the Schaft Creek deposit and to confirm the geotechnical design within specific geotechnical domains.

Metallurgical test work

The addition of coarse particle flotation test work to the geometallurgical studies provides an opportunity to investigate the potential to optimize the milling process and reduce power costs. The work is being completed by Teck at its facilities located in Trail, B.C., under the direction of the metallurgical division of Teck.

Qualified person

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. 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 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 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, and 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.

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