Copper Fox announces its request for a trading halt



    CALGARY, June 11 /CNW/ - Copper Fox Metals Inc. ("Copper Fox" or the
"Company") (TSX-V - CUU) announces that, as a result of information provided
to the Company on June 7, 2007 by its independent Qualified Person, Keith
McCandlish, Vice President and General Manager of Associated Geosciences Ltd.
(AGL), the Copper Equivalent Values provided to Copper Fox by AGL and reported
by Copper Fox in its News Release of May 9, 2007 may be materially
understated. As a result, the classification of the resources is understated.
    An error in the formula used by AGL to calculate the copper equivalent
has been identified. The Company is advised by AGL that the correction to the
copper equivalent calculation will not affect the grades of individual
resource blocks, tonnes or contained metal of the Schaft Creek deposit.
    The resource estimate announced on May 9, 2007 is being reviewed by the
Company in detail with its consultants, in conjunction with its review of the
copper equivalent values, and the Company will issue a further news release to
announce the results of this review. The Company requested the TSX-venture
exchange halt trading of the stock until such time as recalculation of the
copper equivalent values has been completed.

    About Copper Fox

    Copper Fox is a Canadian based Junior Natural Resource mining company
listed on the TSX-Venture Exchange trading under the symbol CUU. The Company
is working toward the economic development of the world class
copper-gold-molybdenum mineral deposit located at Schaft Creek situated in
north west British Columbia, Canada. The Company is in the process of
evaluating the feasibility of developing an open pit mine with a minimum
capacity of 65,000 tonnes/day processing rate over a minimum life of 15 years.
Copper Fox holds the property pursuant to an option agreement with Teck
Cominco Limited whereby Copper Fox may acquire up to a 93.4% direct and
indirect interest in the Schaft Creek property.

    On behalf of the Board of Directors

    Guillermo Salazar S
    President & CEO

    The TSX Venture Exchange has not reviewed the contents of this news
    release and accepts no responsibility for the adequacy or the accuracy
    thereof.

    This news release includes "forward-looking information" within the
meaning of the Canadian securities laws. Statements, other than statements of
historical fact, may constitute forward-looking information and include,
without limitation: anticipated timing and content of upcoming work programs,
geological interpretations, receipt of property titles, and potential mineral
recovery processes; anticipated dates for receipt of permits, approvals and
other milestones; anticipated results of drilling programs, feasibility
studies and other analyses; anticipated availability and terms of future
financing; future production, operating and capital costs; and operating or
financial performance. Information concerning mineral reserve and resource
estimates also may be deemed to be forward-looking information in that it
reflects a prediction of the mineralization that would be encountered if a
mineral deposit were developed and mined. For any forward looking information
given, management has assumed that the assay results it has received are
reliable, and has applied geological interpretation methodologies which are
consistent with industry standards. Forward-looking information involves
various risks and uncertainties. There can be no assurance that such
information will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such information. Important
factors that could cause actual results to differ materially from management's
expectations include: fluctuations in commodity prices and currency exchange
rates; uncertainties relating to interpretation of drill results and the
geology, continuity and grade of mineral deposits; uncertainty of estimates of
capital and operating costs, recovery rates, production estimates and
estimated economic return; the need for co-operation of government agencies in
the exploration and development of properties and the issuance of required
permits; the need to obtain additional financing to develop properties and
uncertainty as to the availability and terms of future financing; the
possibility of delay in exploration or development programs or in construction
projects and uncertainty of meeting anticipated program milestones;
uncertainty as to timely availability of permits and other governmental
approvals; and other risks and uncertainties disclosed in the Company's other
filings with Canadian securities regulatory authorities at www.sedar.com. The
forward-looking information in this news release is based on management's
current expectations and Copper Fox assumes no obligations to update such
information to reflect later events or developments, except as required by
law.





For further information:

For further information: on Copper Fox please contact Jason Shepherd,
Investor Relations, toll free at 1-866-913-1910, Email
investor@copperfoxmetals.com; or contact Guillermo Salazar, at (403) 264-2820;
Please visit the Copper Fox web site at www.copperfoxmetals.com

Organization Profile

Copper Fox Metals Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890