http://finance.yahoo.com/news/copper-fox-annnounces-2017-schaft-110000910.html

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 2, 2017) - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX VENTURE:CUU)(OTC PINK:CPFXF) is pleased to provide its shareholders an outline of the 2017 program on the Schaft Creek Joint Venture, a copper-gold-molybdenum project located in northwestern British Columbia.

Highlights of the program are outlined below.

Highlights:

1. Estimated budget for the 2017 program is approximately $0.9 million,
2. Completion of the Resource re-modelling of the Schaft Creek deposit,
3. Desktop Engineering and Trade-Off Studies,
4. Collection of Environmental data, and
5. Permitting and Social aspects of the project.

Elmer B. Stewart, President and CEO of Copper Fox, stated, "We are very pleased with the progress of the Schaft Creek project. The 2017 work program includes completion of the resource remodeling of the Schaft Creek deposit as well as other work related to project development, engineering and collection of additional environmental data. The work completed on the Schaft Creek project over the past four years as well as that planned for 2017 provides the Schaft Creek Joint Venture the opportunity to update many aspects of the Schaft Creek project."

2016 Program:

Resource Model:

This aspect of the 2017 work program includes completing the work that commenced in 2016. This phase of the program will update the major parameters of the Schaft Creek project including long term metal pricing and FOREX and previously estimated Operating and Capital costs. The results of the reviews on the geotechnical, comminution and infrastructure aspects of the project completed since 2013 as well as the results of the 2013 drilling program will be included in the re-modelling.

Environmental:

The collection of environmental baseline data (including humidity cell tests, field sampling) will continue in 2017. External consultants will be used to complete the majority of this work.

Permitting/Social:

The application for a Multi-Year Area Based Permit ("MYAB") is planned to replace the expired permit which is related to exploration. The main activities covered pursuant to a MYAB permit include approval for up to 50 diamond drill holes, 5 kms of new drill road and 20 kms of line cutting; none of which are planned at this stage. The 2017 program also includes ongoing consultation with the Tahltan First Nations on social and cultural matters.

Current Activities:

Resource Re-modelling:

The work to complete the remodel of the Schaft Creek resource is progressing. This work was expected to be completed by the end of the first quarter, but due to technical issues related to the complexity of the database the completion date has been extended by several weeks.

One of the objectives of the re-modelling work is to better understand the structural controls on the content and distribution of mineralization in the deposit. The QA/QC reviews of the data base as well as defining the mineralized domains have been completed. Input parameters (metal prices, FOREX, Operating and Capital costs) required to complete the remodeling work should be selected over the next several weeks. The decision on if an updated resource estimate for the Schaft Creek deposit is required will be made on completion of the re-modelling work.

Elmer B. Stewart, MSc. P. Geol., President of Copper Fox, is the Company's non-independent, nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, and has reviewed and approves the scientific and technical information disclosed in this news release.

About Copper Fox:

Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSX VENTURE:CUU) focused on copper exploration and development in Canada and the United States. Copper Fox and its wholly owned Canadian and United States subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc. hold the assets listed below:

1. 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia.
2. 100% ownership of the Van Dyke oxide copper project located in Miami, Arizona.
3. 65.4% of the shares of Carmax Mining Corp. who in turn own 100% of the Eaglehead copper-molybdenum-gold project located in northwestern British Columbia.
4. 100% ownership of the Sombrero Butte copper project located east of Mammoth, Arizona.
5. 100% ownership of the Mineral Mountain copper project located east of Florence, Arizona.

On behalf of the Board of Directors

Elmer B. Stewart, President and Chief Executive Officer