Copper Fox announces Schaft Creek progress



    CALGARY, March 19 /CNW/ - Copper Fox Metals Inc. ("Copper Fox") 
(TSX-Venture-CUU) announced today continued progress in the development of its
Schaft Creek gold and copper project in northwest BC. "We are gaining ground
on the critical areas necessary to bring about the development of this
deposit", said Guillermo Salazar S, President of Copper Fox. "We are on or
ahead of schedule in all areas of the company's project development plan",
said Salazar.
    Copper Fox recently updated the Schaft Creek Project Description with the
Tahltan Nation and provincial and federal regulatory agencies. The updated
Project Description is based on the Schaft Creek Preliminary Economic
Assessment released on January 14, 2008 and is available at
(www.copperfoxmetals.com). Progress on the Environmental Assessment
Application is also being made following on-going community consultations and
advances in environmental, socio-economic, health and heritage resource
studies in support of the Application. "The Schaft Creek Project has been well
received in the various communities of northwest BC", said Salazar. "We are
especially pleased by the Tahltan Nation's recent announcement calling for
responsible mining investment in the region".
    Copper Fox will shortly file the following environmental baseline
studies: Meteorology and Air Quality, Hydrology, Archaeology, Tahltan
(Country) Foods, Tahltan Knowledge and Use, Hydrogeology, Metal Leaching and
Acid Rock Drainage, Fisheries and Aquatics, Wildlife, Vegetation, Soils,
Geohazards, Wetlands and Land Use.

    Preliminary findings of these studies are:

    
    -   The Schaft Creek deposit, is located in areas of the Mess and Schaft
        Creek drainages, that are devoid of salmon or other migratory fish.
    -   The Metal Leaching and Acid Rock Drainage study included 200 tests
        for acid generation potential and demonstrates limited acid
        generation potential.
    -   Precipitation in the Schaft Creek area is considerably lower than
        that of the nearby Coast Range.
    

    These studies will be presented to the Tahltan Nation and federal and
provincial regulatory agencies in the next 60 days. Two other important
documents will be produced in preparation for the EA Application: "an
alternatives assessment report on the proposed tailings options and modified
road alignment", and "the Terms of Reference for the EA Application". The
resulting Terms of Reference document will serve Copper Fox Metals as the
guideline to proceed to production. Copper Fox is hopeful that the EA
Application will be ready for submission to the Tahltan Nation and regulatory
agencies by the end of 2008.

    Prefeasibility Study: Management expect the Schaft Creek prefeasibility
study to be released in the second quarter of this year.

    About Copper Fox

    Copper Fox is a Canadian-based mining company listed on the TSX-Venture
(CUU). The Company has concentrated its project activities exclusively to the
Schaft Creek mineral property, one of the largest undeveloped copper, gold,
molybdenum and silver deposits in Canada. Schaft Creek comprises
20,932 hectares situated in northwest British Columbia, Canada at 57 degrees
21' N latitude and 130 degrees 59' W longitude on the eastern slopes of the
coastal mountain ranges. Fortunately, the location is situated between the
highway and the glaciers in the area, and also benefits from a significantly
lower average precipitation of rain and snowfall compared to the Pacific
(west) side of these same ranges.
    The preliminary mining plan is designed to extract the core 713.3 million
tonnes of a Measured and Indicated, 43-101 compliant, mineral resource grading
0.304% copper, 0.218 g/t gold, 1.77 g/t silver, and 0.020% molybdenum, for a
copper equivalent based on Case 2 metal pricing of 0.663% and a waste to ore
ratio of 1.66 over 31 years, within the current NI 43-101 Mineral Resource of
1.4 billion tonnes, using a 0.20% CuEq cut off. Copper Fox holds the property
pursuant to an option agreement with Teck Cominco Limited and may acquire up
to a 93.4% direct and indirect interest in the property. Copper Fox has
delivered notice to Teck Cominco that it has surpassed the $15,000,000
threshold of qualifying expenditures and has earned a direct 70% interest in
Schaft Creek. Title to the property is in good standing before the BC
Government until 2018.

    On behalf of the Board of Directors

    Guillermo Salazar S, President and 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.

    Cautionary Note Regarding Forward-Looking Information

    This news release includes "forward-looking information" within the
meaning of the Canadian securities laws. All statements, other than statements
of historical fact, included herein and including, without limitation;
anticipated dates for receipt, commencement or completion of permits,
approvals, construction, production and other milestones; anticipated results
of drilling programs, scoping, prefeasibility and feasibility studies and
other analyses; anticipated availability and terms of future financings;
estimated timing and amounts of future expenditures; Copper Fox's future
production, operating and capital costs; operating or financial performance;
geological interpretations and potential mineral recovery processes, are
forward-looking statements. 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. Forward-looking information is
necessarily based upon a number of estimates and assumptions that, while
considered reasonable by management, are inherently subject to significant
business, economic and competitive uncertainties, risks and contingencies. For
any forward looking information given, management has assumed that the
geological, metallurgical, engineering, financial and economic advice it has
received is reliable, and is based upon practices and methodologies which are
consistent with industry standards. 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 Copper Fox's
expectations include: fluctuations in copper and other 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 and native groups 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 Copper Fox's continuous disclosure filings with Canadian
securities regulatory authorities at www.sedar.com. The forward-looking
information in this news release is based on Copper Fox'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: Jason Shepherd, Phoenix Communications Group,
Tel: 1-866-913-1910, investor@copperfoxmetals.com

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