Copper Fox Adopts a Shareholder Rights Plan

    CALGARY, April 19 /CNW/ - Copper Fox Metals Inc. ("Copper Fox" or the
"Company") (TSX-V CUU) is pleased to announce that on April 11, 2007, the
Board of Directors adopted a shareholder rights plan dated effective April 11,
2007 (the "Rights Plan") entered into by Copper Fox and CIBC Mellon Trust
Company, as rights agent. The Rights Plan is designed to encourage the fair
and equal treatment of shareholders in connection with any take-over bid for
the outstanding securities of the Company.
    The Rights Plan is intended to provide the Board of Directors with
adequate time to assess a take-over bid to consider alternatives to a
take-over bid as a means of maximizing shareholder value, to allow competing
bids to emerge, and to provide Copper Fox's shareholders with adequate time to
properly assess a take-over bid without undue pressure. Copper Fox's Board of
Directors is not currently aware of any pending or threatened take-over bid
for the Company. The Rights Plan is similar to plans adopted by other Canadian
companies and ratified by their shareholders.
    Under the terms of the Rights Plan, one right (a "Right") will be issued
by Copper Fox in respect of each outstanding Copper Fox common share at the
close of business today and in respect of each Copper Fox common share issued
thereafter (subject to the terms of the Rights Plan). The Rights issued under
the Rights Plan become exercisable only if a person acquires or announces its
intention to acquire 20% or more of the common shares of the Company without
complying with the "permitted bid" provisions of the Rights Plan or without
the approval of Copper Fox's Board of Directors.
    Should such an acquisition occur, Rights holders (other than the
acquiring person or related persons) can purchase common shares of the Company
at a substantial discount to the prevailing market price (as defined in the
Rights Plan) at the time the Rights become exercisable.
    "Permitted bids" under the Rights Plan must be made to all holders of
Copper Fox's common shares and must be open for acceptance for a minimum of
60 days. If at the end of 60 days at least 50% of the outstanding common
shares other than those owned by the offer and certain related parties have
been tendered and not withdrawn, the bidder may take up and pay for the shares
but must extend the bid for a further 10 days to allow other shareholders to
tender to the bid.
    Although effective as of April 11, 2007, the Rights Plan is subject to
regulatory approval and to ratification by Copper Fox's shareholders at Copper
Fox's annual meeting of shareholders scheduled for May 10, 2007 and, if
ratified, the Rights Plan must be confirmed at every fifth annual meeting
thereafter. If not ratified within six months from its adoption, the Rights
Plan and all of the Rights outstanding at the time will terminate.
    A copy of the Rights Plan is available for viewing on SEDAR at, and can also be obtained from Copper Fox upon a written

    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. Pursuant to an option agreement with Teck
Cominco Limited, Copper Fox may acquire up to a 93.4% direct and indirect
interest in the Schaft Creek property from Teck Cominco Limited.

    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

    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 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

For further information:

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

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