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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Anyone with Questions?

Web, as you know the option agreement deadline was December 31, 2011 is Elmer concerned about the deadline now that the FS has been put off until mid to late summer 2012 and which party wants to update the option agreement?

Is it possible the updated RE will be released before the FS?

Resource Estimate -- Preparation of an updated Resource Estimate for the Paramount and Liard zones is currently underway. The Resource Estimate is being performed by Tetra Tech Wardrop (Tetra Tech) and will include all assay results for the diamond drill holes completed in the Paramount and Liard zones at Schaft Creek during the 2011 program. The updated resource estimate will be included in the feasibility study. The 2011 assay results are expected to have a positive impact on the average grade Paramount zone. Additionally Copper Fox has asked Tetra Tech to review the data related to the silver content of the mineralization for possible inclusion in the resource estimate.

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