Copper Fox Metals Inc. announces first quarter results



    CALGARY, March 28 /CNW/ - Copper Fox Metals Inc. ("Copper Fox" or the
"Company") (TSX-V: CUU) announces its first quarter results for the three
months ended January 31, 2007.
    Copper Fox has filed, on SEDAR, quarterly unaudited financial statements
for the three months ended January 31, 2007 along with the related Management
Discussion and Analysis.
    Mr. Guillermo Salazar, President and Chief Executive Officer, announces
that the Company incurred a loss from operations for the three months ended
January 31, 2007 of $407,802 related to the ongoing activities of the Company
in its first quarter including a $58,615 charge for compensation expense
related to the issuance of share purchase options granted to directors and
officers of the company. In addition, the Company incurred $559,683 of
expenditures on its Schaft Creek property and received an additional
$3,383,840 of share capital through the issuance of flow through common shares
and exercise of share purchase warrants during the quarter.

    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
northwest 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. P. Geol.

    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: Mr. Guillermo Salazar S. at (403) 264-2820 or
contact our corporate 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