Strategic drilling program and greenfield camp expansion highlight important summer for Schaft Creek project

    CALGARY, July 14 /CNW/ - Copper Fox Metals Inc. (TSX-V-CUU, Pink- CPFXF)
reports that the company is "right on plan" to complete geotechnical and
environmental assessment work needed to advance the Schaft Creek deposit to
development. The Schaft Creek site is located 45 kilometers west of the
Stewart-Cassiar Highway in northwestern British Columbia and contains a
world-class porphyry copper-gold-molybdenum mineral deposit.
    Announcing the opening of the company's expanded greenfield camp and the
commencement of a summer drilling program, Copper Fox President
Guillermo Salazar said, "The amount of work going on at Schaft Creek is now
'something of a bright spot' against general economic conditions in northwest
    He added, "The 2008 Field Season is a significant milestone in the
advancement of the Schaft Creek deposit to development. We are on track to
conclude the environmental assessment work needed to file for necessary
construction permits and our geotechnical engineering work this summer will
provide the data necessary to complete a mining plan that will efficiently
exploit this resource. Completion of this work will allow us to complete a
feasibility study early in 2009."

    Why the 2008 work plan is important

    This summer's diamond drilling program is intended to further define the
first six years of mining when Schaft Creek goes into production in an effort
to shorten the payback period. Work at the site will include 36 drill holes
drilling approximately 9,000 metres. Thirty-three (33) of these holes will be
geotechnical holes to define the geotechnical and environmental conditions,
and will provide data for mine design, tailings and waste location and wall
stability. A minimum of three deep holes will be drilled for exploration.
Additionally, further geophysics will be performed to investigate the IP
resistivity anomaly defined during the 2007 season. The geophysical program is
designed to complete approximately 54 line kilometers of IP surveying. The
access and road survey work will include extensive archaeological studies.

    Expansion of the Schaft Creek camp

    Copper Fox's project at Schaft Creek, BC is a greenfield operation
supported by helicopters and fixed wing airplanes operating at least four days
a week using a 700 metre air strip located adjacent to the camp. Over the past
four years the camp has been totally rebuilt into a modern and efficient
facility and now accommodates some 80 personnel. Copper Fox currently has
three diamond drills on site.

    About Copper Fox:

    Copper Fox (CUU, CPFXF) is a Canadian-based mining company listed on the
TSX-Venture Exchange. The Company has concentrated its project activities
exclusively to the Schaft Creek mineral Deposit, one of the larger undeveloped
copper, gold, molybdenum and silver deposits in the world. Based on the
Company's Preliminary Economic Evaluation (see News Release of January 14,
2008), 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 the study's Case 2 metal
pricing) of 0.61% 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. Currently the company is working on a pre feasibility study which
will be based on a 100,000 tpd throughput scenario expected to be released
this quarter.
    Copper Fox holds the property pursuant to an option agreement with Teck
Cominco Limited and has earned a direct 70% interest in the Schaft Creek
Mineral Deposit. The Company may acquire up to a 93.4% direct and indirect
interest in the property, subject to certain back-in rights to Teck Cominco

    The TSX-Venture Exchange has not reviewed the contents of this news
    release and accepts no responsibility for the adequacy or 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: Investor inquiries: Jason Shepherd, Phoenix
Communications Group, Tel: 1-866-913-1910, E-mail:

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