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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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The deposit is situated within the upper source regions of Schaft Creek, which drains northerly into Mess Creek and onwards into the Stikine River. The Stikine River is an international river that crosses the US/Canadian border near Wrangell, Alaska. The Schaft Creek deposit is a polymetallic (coppergold- silver-molybdenum) deposit located in the Liard District of northwestern British Columbia

(Latitude 57º 22’ 42’’; Longitude 130º, 58’ 48.9”). The property is comprised of 40 mineral claims covering an area totalling approximately 20,932 ha within the Cassiar Iskut-Stikine Land and Resource Management Plan (CISLRMP) (Figure 1.1-2).

Based on the current mine plan, it is estimated that the pre-construction/construction, operation,

closure/decommissioning and post-closure phases will be 3 years, 15 years, 1 year and up to 50 years,

respectively. Phase duration will be finalized in the Application.

See http://www.copperfoxmetals.com/i/pdf/Schaft_Creek_AIR.pdf

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