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"Copper Fox is pleased to announce that the Board of Directors of the Company has approved an incentive stock option grant to directors, officers and a consultant of the Company for the purchase of 585,000 shares of Copper Fox at an exercise price of $0.94 per share, and expiring on January 23, 2014. Vesting of the options granted to directors and officers are in equal tranches at three, six and nine months from the date of grant. In accordance with TSX Venture Exchange policies, vesting of the options granted to the Company's consultant are in four equal tranches over 12 months."