Copper Fox announces a $3,000,000 Private Placement Unit Offering.

CALGARY, Sep. 7, 2011, 2011 (Canada NewsWire via COMTEX News Network) --

Insider commits to 100% participation in the Offering.

Mr. Elmer Stewart, President and CEO of Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU) is pleased to announce that subject to the approval of the TSX-Venture Exchange, the Company intends to complete a non-brokered private placement to raise up to $3,000,000 CDN in funds (the "Offering"). The Offering is expected to consist of 2,000,000 units at a purchase price of $1.50 per unit, for aggregate gross proceeds of $3,000,000. Each unit consists of one common share of Copper Fox and one-half common share purchase warrant of Copper Fox. Each whole warrant entitles the holder thereof to acquire one common share of Copper Fox at an exercise price of CDN $1.75 prior to 5:00pm on the one year anniversary of the closing date of the Offering.

Mr. Ernesto Echavarria a director, an insider and a control person of Copper Fox, as defined by the regulations of the TSX-Venture Exchange, has committed to participating in 100% of the Offering.

"This financing commitment combined with direct advances already provided to the company by Mr. Echavarria demonstrate his strong commitment to the Schaft Creek project" says Elmer Stewart, President and CEO of Copper Fox.

About Copper Fox Copper Fox is a Canadian based resource company listed on the TSX-Venture Exchange (CUU-TSX-V). Copper Fox was recently recognized by TSX Venture Exchange Inc. as a member of the distinguished TSX Venture 50® group where it had the distinction of being ranked first overall for 2010.

The Company is working on completing a feasibility study on the Schaft Creek deposit, one of the largest undeveloped copper, gold, and molybdenum deposits in North America. The feasibility study is being led by Wardrop, A Tetra Tech Company on a minimum 120,000 tpd open pit mine and is expected to be completed during the fourth quarter 2011.

Copper Fox holds title and a 100% working interest in a contiguous 24,003.5 hectare (59,311 acre) property which includes the Schaft Creek deposit subject to certain royalty agreements, a 30% carried interest held by Liard Copper and an earn back option held by Teck Resources Limited ("Teck"). Copper Fox is currently earning a 78% interest in Liard Copper from Teck. Teck's earn back option to acquire 20%, 40% or 75% of the Copper Fox interest in the Schaft Creek project is triggered upon completion of a positive feasibility study. Should Teck elect to exercise its option for 75% they are required to fund subsequent property expenditures up to a total of 400% of those incurred by Copper Fox ($61.8 million as of June 30, 2011) and arrange for project financing, including the Copper Fox portion. For full details of the option please refer to the Company's website www.copperfoxmetals.com.

Additionally Copper Fox holds mineral claims totaling 3,947 hectares (9,752 acres) in the Liard Mining District of BC not subject to the Teck earn-back.

On behalf of the Board of Directors

Elmer Stewart P. Geol. MSc. President and CEO