Copper Fox Metals Inc. announces second quarter results

    CALGARY, June 28 /CNW/ - Copper Fox Metals Inc. ("Copper Fox" or the
"Company") (TSX-V: CUU) announces its second quarter results for the three
months ended April 30, 2007.
    Copper Fox has filed, on SEDAR, quarterly unaudited financial statements
for the three months ended April 30, 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
April 30, 2007 of $540,473 related to the ongoing activities of the Company in
its second quarter, an increase of $130,577 which reflects the increased
growth of activity of the Company over the comparable 2006 quarter. In
addition, the Company incurred $1,671,295 of expenditures on its Schaft Creek
mineral property. The Company expects to reach an accumulated expenditure of
$15 million on the property in the third quarter of 2007 thereby achieving the
second threshold of the Schaft Creek Option, the 70% direct interest of Teck
Cominco Limited. The Company received an additional $2,320,866 of share
capital through the exercise of share purchase warrants and options during the

    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

    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