Copper Fox Metals Inc. 26-5 1053440200-REP-R0003-03 Feasibility Study on the Schaft Creek Project, BC, Canada

1. To test for possible high-grade extensions at depth, and to develop a more robust resource estimate at depth, selectively drill deeper to avoid stopping holes in mineralization. This could be particularly beneficial for upgrading some of the mineralization currently classified as Inferred. Potential targets for this objective are illustrated in Figure 26.1 and Figure 26.2 . Cells shown in these two figures are classified as Inferred with copper equivalency greater than or equal to 0.5%, and drillholes and block model are shown with copper percent grade. Drillholes indicate copper grades are increasing at depth and terminate in mineralization.