Copper Fox Announces 2026 Schaft Creek Program
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COPPER FOX ANNOUNCES 2026 SCHAFT CREEK PROGRAM
Calgary, Alberta – April 06, 2026. Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU)
(“Copper Fox” or the “Company”) is pleased to provide an overview of the planned 2026 program at Schaft
Creek, focused on addressing key aspects required in transitioning the project to the Pre-Feasibility Stage. The
Schaft Creek project is managed through the Schaft Creek Joint Venture (“SCJV”). Teck Resources Limited
(“Teck”) is the Operator of the SCJV and holds a 75% interest with Copper Fox holding the remaining 25% interest.
The Schaft Creek deposit, located in northwestern British Columbia , is one of the largest undeveloped porphyry
copper deposits in North America that contains significant gold-molybdenum-silver by-products. Highlights of the
2026 program are:
Highlights
• Planned expenditures in 2026 of C$9.1 million.
• Addresses key aspects of the Scoping Study review including a technical review of the geological model,
metallurgical testwork, tailings and mine plan options analysis and access road trade-off studies.
• Preparation for the Pre-Feasibility Study.
• Limited camp maintenance and environmental sampling field program.
• BC Hydro System Impact Study.
Elmer B. Stewart, President and CEO of Copper Fox, stated, “Copper Fox is pleased with the scope and direction
of the 2026 budget and program. The emphasis on the project is transitioning from data collection to assessing the
technical status of the project and is forward-looking in terms of energy requirements. The close out of the Scoping
Stage review is a critical aspect of project development in preparation for entering the Pre-Feasibility Stage.”
Technical Reviews
Since completion of the 2021 Preliminary Economic Assessment, the SCJV has conducted a series of investigations
designed to advance key project parameters of the project. The reviews planned in 2026 are focused on assessing
the status of each of these key project parameters and identifying possible data gaps to determine if additional
studies are required to meet the threshold for a Pre-Feasibility Study for the Schaft Creek project in accordance with
industry standards.
System Impact Study
A major component of project planning is to determine its energy requirements and to ensure access to the energy
required to meet operating requirements. The SCJV has retained BC Hydro to complete a System Impact Study to
better understand the energy requirements of the Schaft Creek project and its impact on the British Columbia
electrical grid. The study is expected to take several years to complete.
Field Program
The 2026 field program is focused on completing maintenance and upgrades to the camp for future programs and
conducting limited environmental data collection.
Qualified Person
Elmer B. Stewart, MSc. P. Geol., President and CEO of Copper Fox, is the Company’s non-independent, nominated
Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, has
reviewed and approved the scientific and technical information disclosed in this news release.
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About Copper Fox
Copper Fox is a Canadian resource company focused on copper development and exploration in the United States
and Canada. Copper Fox and its subsidiaries own 100% of the Van Dyke ISCR project, a development stage,
potential near term, mid -size copper mine in Arizona and a 25% interest in the Schaft Creek Joint Venture with
Teck Resources Limited (75% interest and Operator) which hosts the Schaft Creek copper-gold-molybdenum-silver
project in British Columbia’s Golden Triangle. In addition, Copper Fox owns 100% of the resource stage
Eaglehead polymetallic porphyry copper project in northwestern British Columbia and the Sombrero Butte and
Mineral Mountain advanced exploration stage porphyry copper projects located in the prolific Laramide age copper
province in Arizona. For more information on Copper Fox’s mineral properties and investments visit the
Company’s website at www.copperfoxmetals.com.
For additional information contact: Lynn Ball at 1-844-464-2820 or [email protected].
On behalf of the Board of Directors
Elmer B. Stewart
President and 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 contains “forward -looking information” within the meaning of the Canadian securities laws.
Forward-looking information is generally identifiable by use of the words “believes,” “may,” “plans,” “will,”
“anticipates,” “intends,” “budgets”, “could”, “estimates”, “expects”, “forecasts”, “projects” and similar expressions,
and the negative of such expressions. Forward-looking information in this news release includes statements
regarding the 2026 budget and program; reviewing key project parameters; preparation for a Pre-Feasibility Study;
camp upgrades and Baseline Environmental Program; and a Systems Impact Study.
In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries
have made numerous assumptions , regarding, among other things: th e geological, metallurgical, engineering,
financial and economic advice that Copp er Fox has received is reliable and is based upon practices and
methodologies which are consistent with industry standards. While Copper Fox considers these assumptions to be
reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
Additionally, there are known and unknown risk factors which could cause Copper Fox’s actual results,
performance, or achievements to be materially different from any future results, performance or achievements
expressed or implied by the forward -looking information contained herein. Known risk factors include, among
others: the 2026 budget and program may not be completed as planned or at all; the key project parameters may not
be reviewed as planned or at all; preparation for a Pre-Feasibility Study may not be completed as planned or at all;
camp upgrades and Baseline Environmental Program may not be completed as planned or at all; the Systems Impact
Study may not be completed as planned or at al l; the need to obtain additional financing; uncertainty as to the
availability and terms of future financing.
A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's
continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward -
looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any
obligation to revise or update any such forward -looking information or to publicly announce the result of any
revisions to any of the forward -looking information contained herein to reflect future results, events, or
developments, except as required by law.