Mr. Elmer Stewart, President & CEO said "I am extremely proud of the work put into this Feasibility Study by the Copper Fox team and its capable consultants. Like all large scale projects located in alpine type terrain, this project did come with its own unique technical challenges. At an 8% discount rate as required in the Teck Option Agreement, the Feasibility Study confirms the technical and financial viability of a nominal 130,000 tonne-per-day ('tpd') copper mining and processing operation at Schaft Creek. The Company will host a webcast conference call in mid-January, details will follow by way of a separate news release."