SOURCE: Copper Fox Metals Inc.

November 14, 2007 10:38 ET

Copper Fox Announces the Renewal of the Engagement of Jason Shepherd for Investment Relations Services

CALGARY, AB--(Marketwire - November 14, 2007) - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU) is pleased to announce it has renewed the engagement of Jason Shepherd (DBA Phoenix Communications Group). Mr. Shepherd is based in Kelowna, BC and has been involved in assisting Public Companies with their Investor Marketing strategies for over 10 years. Under the agreement Mr. Shepherd will be responsible for advising the Company with respect to increasing its exposure to potential investors and assisting with the design and implementation of a comprehensive Investment Relations Program.

Under the renewable agreement, Mr. Shepherd will receive a fee of $3,750.00 per month for a term of one year and incentive options to purchase 200,000 common shares of the Company at an exercise price of $0.85 per share. The options will vest over a period of 12 months and be subject to the terms and conditions of the company's stock option plan. The options will expire on the earliest of the 30th day following termination of the agreement or November 12, 2012.

About Copper Fox

Copper Fox is a Canadian-based mining company listed on the TSX-Venture (CUU). The Company has concentrated its project activities exclusively to the Schaft Creek mineral property -- one of the largest undeveloped copper, gold, molybdenum and silver deposits in Canada. Based on a NI 43-101 compliant resource estimate prepared June 22, 2007 by Associated Geosciences Ltd, the Measured and Indicated resource at Schaft Creek is 1.393 billion tonnes averaging 0.25% copper (7.7 billion pounds), 0.18 gpt gold (8.1 million ounces), 0.019% molybdenum (584 million pounds) and 1.55 gpt silver (69.4 million ounces) at a 0.20% copper equivalent ("CuEq") cutoff. The company is evaluating the feasibility of developing an open pit mine with a minimum capacity of 65,000 tonnes per day with a mine life of 35 years. Should the availability of power for this area increase, a + 100,000-tonne-per-day open pit mining operation will be considered. 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 property. Title to the property is in good standing before the BC Government until 2015. Copper Fox has delivered notice to Teck Cominco that it has surpassed the $15,000,000 threshold of qualifying expenditures to earn a direct 70% interest in Schaft Creek.

Schaft Creek is located in northwestern British Columbia, Canada, which is considered to have a stable socio-political environment. This area is often referred to as the "Gold/Copper Belt" and includes deposits such as Galore Creek, and Red Chris. Copper Fox is in the environmental assessment process required by the British Columbia and Canadian Governments for project permitting and is consulting with the Tahltan Nation on the project development.

Guillermo Salazar S., P.Geol., is the internal qualified person for Copper Fox and has reviewed this News Release.

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, and potential mineral recovery processes; anticipated dates for receipt of permits, approvals and other milestones; anticipated results of drilling programs, scoping and feasibility studies and other analyses; 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.

Contact Information

  • For additional information contact:

    Investor inquiries:
    Jason Shepherd
    Phoenix Communications Group
    Tel: 1-866-913-1910
    E-mail: Email Contact

    Media and community inquiries:
    Robert Simpson
    PR Associates
    Tel: (604) 681-1407
    E-mail: Email Contact