Copper Fox Metals is a Canadian-based resource company focused on developing the world-class Schaft Creek Project in northwestern British Columbia. The project hosts a measured and indicated resource of 1.4 billion tonnes containing 7.7 billion pounds of copper, 8.1 million ounces of gold, 69.4 million ounces of silver, and 584 million pounds of molybdenum, and has excellent potential for both resource expansion and new discoveries.

Copper Fox Metals holds rights to acquire up to a 93.4% interest in the Schaft Creek Project pursuant to a 2002 option agreement with Teck Cominco. At feasibility, Teck Cominco can exercise certain back-in rights in order to participate in the project in partnership with Copper Fox Metals.

The technical and management team of Copper Fox Metals is evaluating the potential to develop an open-pit mine with a projected daily milling rate of 65,000 tonnes and a mine life of more than 35 years. The Company's goals are to advance Schaft Creek to production in an environmentally and socially progressive manner and become a significant minerals producer by 2011.

Recent Achievements

• Completed a Preliminary Economic Assessment which indicates that the Schaft Creek projects is economic over 30 years with 65,000 tonne per day operation - Click for Details
• Expanded and upgraded resources to Measured and Indicated Classification - Click for Details
• Continued Environmental Baseline Studies that will form the basis of the Schaft Creek Environmental Assessment Application in 2008. Click here for baseline study
• Initiated a Scoping Study (or Preliminary Economic Assessment) to assess the economic potential of a large-scale open-pit mine.
• Completed a Memorandum of Understanding (MOU) with the Tahltan Nation Development Corporation, the economic arm of the Tahltan Nation. Click for Details,
• Concluded a funding agreement with the Tahltan Heritage Resources Environmental Team to ensure that traditional knowledge and local values are incorporated into the environmental assessment process.

2008 Objectives

• Complete the pre-feasibility stage through a C$16 million work program that will include: pit optimization plans; a review of power access options; and extensive metallurgical studies.
• Continue environmental and socio-economic studies and submit environmental assessment application.
• Continue community relations activities and work with the Tahltan Central Council.