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Copper Fox Announces Non-Brokered Private Placement Has Been Fully Subscribed

Financings

NEWS RELEASE

COPPER FOX ANNOUNCES NON-BROKERED

PRIVATE PLACEMENT HAS BEEN FULLY SUBSCRIBED

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

OR FOR DISSEMINATION IN THE UNITED STATES

Calgary, Alberta – February 10, 202 6 – Copper Fox Metals Inc. (“Copper Fox” or the

“Company”) (TSXV:CUU | FSE:HPU) is pleased to announce that its recently announced non -

brokered private placement of up to $ 3,000,000 in gross proceeds (the “Offering”) is fully subscribed

and has received conditional approval from the TSX Venture Exchange (“TSXV”) . The Offering

consists of 4,615,384 common shares (“Shares”) at a price of $0. 65 per Share and is expected to close

on February 27, 2026.

In accordance with applicable securities legislation, securities issued pursuant to the Offering are subject

to a hold period of four months plus one day from the date of the completion of the Offering. The net

proceeds raised from the Offering will be used to continue exploration and development activities on

Copper Fox’s 100% owned Van Dyke, Eaglehead, Mineral Mountain and Sombrero Butte projects,

working capital and general corporate and administrative purposes of the Company.

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.

On behalf of the Board of Directors

Elmer B. Stewart

President and Chief Executive Officer

For additional information contact Lynn Ball at 1-844-464-2820, [email protected].

Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in

the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of

this release.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities

described herein in the United States. The securities described in this news release have not been and will not

be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any

state securities laws and may not be offered or sold within the United States or to U.S. Persons unless

registered under the U.S. Securities Act and applicable state securities laws or an exemption from such

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registration is available. This news release is not for distribution in the United States or over United States

newswires.

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 about: the size and terms of the Offering and the use of the

proceeds therefrom; and the approval of the TSXV.

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: the Company will receive

all required approvals, including the final approval of the TSXV for the Offering; the Company will be

able to close the Offering as expected, including the size and terms of the Offering; investor demand will

remain strong; and the Company will not require additional subscriptions for the Offering. 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: final approval for the Offering

will not be obtained from the TSXV; investor demand may weaken; the Offering will not complete at

the time or in the amount expected, or at all, or on the terms as set out in this news release and the news

release of the Company dated February 5, 2026 ; and the exemptions intended to be relied upon by

Copper Fox in completing the Offering may not be available.

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.