Copper Fox awards feasibility study on Schaft Creek project

	    CALGARY, Jan. 21 /CNW/ - Copper Fox Metals Inc. (TSX-Venture: CUU) is
pleased to announce that it has awarded the contract to complete a feasibility
study on the Schaft Creek copper-gold-molybdenum-silver deposit located in
northwest British Columbia, Canada to Wardrop, a Tetra Tech Company (Wardrop).
It is expected that the feasibility study will be completed later this year in
the fourth quarter.
	    Copper Fox is on track this year (2010) to complete the feasibility study
and documentation necessary to complete its environmental permit application
for the development of the Schaft Creek project. The Schaft Creek deposit
represents one of the largest undeveloped resources of
copper-gold-molybdenum-silver in Canada. It is located in politically
attractive British Columbia, Canada. This deposit has the potential to provide
a long term secure supply of copper-gold-molybdenum-silver.
	    Wardrop is a multi-disciplined engineering and consulting firm that
provides innovative solutions for the natural resource management, energy, and
infrastructure markets globally. Wardrop is an ISO 9001:2000 certified
company, with a strong base of experience in British Columbia and throughout
Northern Canada, which is directly applicable to the Schaft Creek Project.
Wardrop is a subsidiary of Tetra Tech (NASDAQ: TTEK), a leading provider of
consulting, engineering, program management, construction and technical
services. The combined companies have more than 10,000 employees worldwide and
capabilities that span the entire project lifecycle.
	    Mr. Elmer B. Stewart, MSc., P. Geol, President and Chief Executive
Officer stated "We are extremely pleased to have completed the work required
to commence the feasibility study on the Schaft Creek deposit. Wardrop's
completion of the feasibility study allows Copper Fox to apply for the
environmental permits related to construction of the Schaft Creek project
which is a critical milestone to be achieved in 2010".

	    About Copper Fox

	    Copper Fox's activities are focused exclusively on Schaft Creek, one of
the largest undeveloped copper, gold, molybdenum and silver deposits in
Canada. Copper Fox has earned a direct 70% interest in Schaft Creek. Pursuant
to the option agreement with Teck Resources Limited. ("Teck"), Copper Fox is
currently earning an additional 23.4% interest (totaling 93.4% direct and
indirect interest in the property) subject to certain back-in rights to Teck
by completing a positive feasibility study on the Schaft Creek deposit.
	    Schaft Creek is located within a contiguous land package that comprises
20,932 hectares situated in northwest British Columbia, Canada. On September
15, 2008, Copper Fox released the results of a preliminary feasibility study
("PFS") on the Schaft Creek deposit which contemplated processing 100,000
tonne of ore per day from an open pit mine and standard flotation recovery
process. The PFS estimated the measured and indicated mineral resources at
Schaft Creek to be approximately 1.4 billon tonnes grading 0.25% copper, 0.18
g/t gold, 0.02% molybdenum and 1.55 g/t silver. The measure and indicated
mineral deposit is estimated to contain 7.8 billion pounds of copper, 583
million pounds of molybdenum, 7.9 million ounces of gold and 69.7 million
ounces of silver.

	    <<
	    On behalf of the Board of Directors

	    Elmer B. Stewart
	    President & Chief Executive Officer
	    >>

	    Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

	    Cautionary Note Regarding Forward-Looking Information

	    This news release includes "forward-looking information" within the
meaning of the Canadian securities laws. All statements, other than statements
of historical fact, included herein and including, without limitation;
anticipated results of geophysical surveys or drilling programs, anticipated
availability and terms of future financings; estimated timing and amounts of
future expenditures; Copper Fox's future production, operating and capital
costs; operating or financial performance; geological interpretations and
potential mineral recovery processes, are forward-looking statements.
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. Forward-looking information is necessarily based upon a
number of estimates and assumptions that, while considered reasonable by
management, are inherently subject to significant business, economic and
competitive uncertainties, risks and contingencies. For any forward looking
information given, management has assumed that the geological, metallurgical,
engineering, financial and economic advice it has received is reliable, and is
based upon practices and methodologies which are consistent with industry
standards. 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 Copper Fox's expectations include:
fluctuations in copper and other 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 and native
groups 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 Copper
Fox's continuous disclosure filings with Canadian securities regulatory
authorities at www.sedar.com. The forward-looking information in this news
release is based on Copper Fox's current expectations and Copper Fox assumes
no obligations to update such information to reflect later events or
developments, except as required by law.