Copper Fox Metals establishes scholarship



    CALGARY, March 23 /CNW/ - Copper Fox Metals and the Tahltan Central
Council, on behalf of the Tahltan Nation including the Tahltan Band and the
Iskut First Nation, are pleased to announce that a $75,000 scholarship has
been established to provide financial assistance for a Tahltan Nation student
to attend the University of Alberta.
    "This scholarship reflects Copper Fox Metals' commitment to support
advanced education by providing the recipients with the opportunity to advance
their ideas, to connect with others and to create new networks of
possibilities. Advanced education and innovation is critical to our country's
future," says Guillermo Salazar, President and CEO of Copper Fox Metals.
    The Copper Fox Scholarship will be awarded to a full-time student
attending the University of Alberta, pursuing fields of study leading to an
undergraduate degree. Each student will receive a one-time $75,000 award
disbursed over five years based on achieving prescribed performance criteria.
The scholarship criteria is based on five components - academic performance,
career goals, brief biography, role model qualities, and volunteer and
leadership contributions.
    "We are pleased this scholarship has been established to help our
brightest students achieve their academic ambitions and make valuable
contributions to their community," says Curtis Ratray, Chairperson of the
Talhltan Central Council.

    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 holds an option agreement
with Teck Cominco Limited to 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 the Scholarship please contact: Mr.
Guillermo Salazar, President & CEO Copper Fox, Tel: (403) 264-2820, E-mail:
guillermo.salazar@copperfoxmetals.com; Ms. Carolyn Doody Secretary Treasurer,
Tahltan Central Council, Tel: (250) 234-3331, E-mail:
carolyn_ann_doody@hotmail.com; 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 http://www.copperfoxmetals.com

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Copper Fox Metals Inc.

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