Copper Fox Metals Inc.

Copper Fox Metals Inc.

March 01, 2005 19:23 ET

Copper Fox to Raise (Can.) $1,100,000 in Flow-Through and Non-Flow Through Funds


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: COPPER FOX METALS INC.

TSX VENTURE SYMBOL: COF.P

MARCH 1, 2005 - 19:23 ET

Copper Fox to Raise (Can.) $1,100,000 in Flow-Through
and Non-Flow Through Funds

CALGARY, ALBERTA--(CCNMatthews - March 1, 2005) - Copper Fox Metals Inc.
(TSX VENTURE: COF.P), further to its news release dated September 8,
2004, announces it intends to raise up to (Can.) $1,100,000 in
flow-through and non-flow through funds. This offering will be completed
concurrently with the Corporation's "Qualifying Transaction" as such
term is defined by the policies of the TSX Venture Exchange.

The 100% flow-through component of this offering will be in the form of
common shares at a price of $0.20 for a minimum of $600,000 (3,000,000
shares) and a maximum of $800,000 (4,000,000 shares). Units at a price
of $0.20, comprised of one share and one common share purchase warrant
exercisable for a period of 12 months at a price of $0.30, for a minimum
of $200,000 (1,000,000 Units) and a maximum of $300,000 (1,500,000
Units) comprise the non-flow through offering.

A commission or finder's fee of up to 10% is payable in either cash or
equivalent securities by the Corporation to arm's length parties for the
sale of shares or units. The Corporation's proposed Qualifying
Transaction was first announced with a news release dated September 8th
2004. The Amalgamation Agreement with 955528 Alberta Ltd., owner of an
option to acquire the Schaft Creek property in NW- British Columbia, was
signed on Oct 25, 2004 and is subject to shareholder approval.

Funds generated by the financing will be used by the company to complete
its Qualifying Transaction, comply with the terms of the Amalgamation
Agreement and for general working capital.



On behalf of the Board of Directors

Signed

"Guillermo Salazar"

Guillermo Salazar, P. Geol.
President and CEO


This news release may contain forward-looking statements including but
not limited to comments regarding the timing and content of upcoming
work programs, geological interpretations, receipt of property titles,
potential mineral recovery processes, etc. Forward-looking statements
address future events and conditions and therefore, involve inherent
risks and uncertainties. Actual results may differ materially from those
anticipated in such statements.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Copper Fox Metals Inc.
    Guillermo Salazar
    (403) 264-2820
    Email: cfmi@telus.net
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news release.