Copper Fox Provides Preliminary Results of Geophysical Survey ON the Sombrero Butte Porphyry Copper Project

COPPER FOX PROVIDES PRELIMINARY RESULTS OF GEOPHYSICAL SURVEY ON THE

SOMBRERO BUTTE PORPHYRY COPPER PROJECT

Calgary, Alberta – December 19, 2024. Copper Fox Metals Inc. (“Copper Fox” or the “Company”)

(TSXV:CUU | OTCQX:CPFXF | FRA:HPU) and its 100% owned subsidiary, Desert Fox Sombrero

Butte Co. (“Desert Fox ”), are pleased to provide preliminary results of the recently completed DC

Resistivity - IP Chargeability (DCIP) and Magnetotelluric (MT) geophysical surveys (see news release

dated November 26, 2024) on the Sombrero Butte porphyry copper project. The Sombrero Butte project

is located approximately three kilometers south of the Copper Creek porphyry copper project currently

undergoing exploration/development by Faraday Copper Corp.

The primary objective of geophysical program was to obtain a subsurface chargeability/resistivity model

to be used in conjunction with updated geology and alteration models and distribution of copper-

molybdenum mineralization to transition the project, if possible, to the drilling stage.

Elmer B. Stewart, President & CEO of Copper Fox commented “ The p reliminary resu lts of the

geophysical program identified anomalous chargeability on all seven lines surveyed representing an area

measuring approximately 2,400 meters (m) in an east-west direction and ranging from 500m on L0000E

to 2,500m wide on L0800E in a north-south direction. The spatial correlation between the anomalous

chargeability and the previously announced limonite alteration zone hosted in moderate to intensely

altered Laramide age Glory Hole Volcanics continues to support our interpretation of the presence of a

large porphyry copper system within the Sombrero Butte project . While these preliminary results are

encouraging, receipt of the final geophysical report is required before any conclusions can be made as to

the significance of the anomalous chargeability/resistivity signature.”

Geophysical Survey

In porphyry copper deposits, anomalous chargeability signatures are typically interpreted to indicate zones

of potential mineralization by showing high chargeability values associated with disseminated sulfide

minerals like pyrite and chalcopyrite. Resistivity data is used to interpret various alteration patterns

associated with porphyry copper systems, for example, areas of high chargeability associated with hi gh

resistivity could indicate the presence of sulphide mineralization associated with advanced argill ic

alteration whereas high chargeability associated with moderate to low resistivity could be indicative of

sulphide mineralization associated with phyllic (quartz-sericite-pyrite) alteration. Both styles of alteration

occur within the project based on the 2024 mapping program.

For the purposes of this preliminary interpretation, anomalous chargeability is defined as greater than 20

mrads. Resistivity readings between 30-400 ohms are interpreted to represent low -moderate resistivity

and readings greater than 1,000 ohms represent high resistivity. The transition from low-moderate to high

resistivity generally occurs rapidly over short distances. The depth of exploration (reasonable confidence

in the data) is estimated to be approximately 800m. Results of the MT survey will be released upon receipt

of the final report from Quantec Geoscience USA Inc. All distances in this news release are approximate.

On the east side of the project represented by L1600E (see Figure 1) , L2000E and L2400E , the upper

portion, 200m of the survey lines, is characterized by high chargeability and low-moderate resistivity. At

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a depth of 400m below surface, anomalous chargeability (> 20 mrads) occurs over a distance of 1,700m

on L2400E and increases to 2,500m on L1600E. Similarly, on L2400E the anomalous chargeability is

accompanied by low-moderate resistivity whereas on L2000E and L1600E the anomalous chargeability

is accompanied by zone s of high resistivity (>1,000 ohms) , separated by a zone (estimated to be

approximately 1,000m wide) of low -moderate resistivity. On L1600E and L 2000E anomalous

chargeability and associated high resistivity have been surveyed to a depth of 800m below surface and

remain open at depth. Ground checking on L1600E indicates the anomalous chargeability occurs within

an area of limonite alteration (quartz -sericite-limonite veinlets, limonite filled fractures and pervasive

intense limonite staining) hosted in moderate to intensely altered, Glory Hole Volcanics. In fresh rock,

sporadic quartz-pyrite-chalcopyrite veinlets, pyrite veinlets, chalcopyrite veinlets, and fractures occur.

Figure 1: L1600E Chargeability and Surface Geology Profile

In the central portion of the project represented by lines L1200E (see Figure 2) and L800E anomalous

chargeability occurs over widths that range from 750m to 1,000m at surface that increases to widths of

2,000m on L1200E and to 2,400m on L0800E at depth. The anomalous chargeability on these two lines

remains open at a depth greater than 800m below surface. The anomalous chargeability on L1200E is

accompanied by strong (>1,000 ohms) resistivity that extends for a distance approximately 1,000m on the

north half of the survey line and by a zone of low-moderate (<300 ohms) resistivity on the south half of

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the survey line. On L0800E, the zone of strong resistivity also occurs on the northern portion of the survey

line and is estimated to be approximately 600m wide at the end of the survey line.

Figure 2: L1200E Chargeability and Surface Geology Profile

On the western side of the project, represented by L 0000E and L 0400E the interpreted top of the

anomalous chargeability occurs at an estimated depth of approximately 400m below surface. On L0400E

the anomalous chargeability extends over approximately 1,500m on the northern portion of the survey

line accompanied by a zone of strong resistivity that overlies the anomalous chargeability and a broad

zone approximately 2,000m wide of low -moderate resistivity bordering the anomalous chargeability on

the south side of the survey line. On L0000E, anomalous chargeability occurs over a 500m interval at the

north end of the line . The locations of the high and low-moderate resistivity zone s accompanying the

anomalous chargeability are like that on L0400E. The significant drop in depth to the top of the anomalous

chargeability is interpreted to be due to dismemberment of th e geophysical signature related to either

Miocene age extensional tectonics or the possibility the porphyry system is plunging to the west.

Elmer B. Stewart, MSc., P.Geo., 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, and has reviewed and approves the scientific and technical information disclosed in this news

release.

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About Copper Fox

Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange ( TSXV:CUU)

focused on copper exploration and development in Canada and the United States. The principal assets of

Copper Fox and its wholly owned Canadian and United States subsidiaries, being Northern Fox Copper

Inc. and Desert Fox Copper Inc., are the 100% ownerships of the Van Dyke ISCR project, and the Mineral

Mountain and Sombrero Butte porphyry copper exploration projects all located in Arizona, the 25%

interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek copper-gold-

molybdenum-silver project and the 100% owned Eaglehead polymetallic porphyry copper project each

located in northwestern British Columbia. 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: Fidel Montegu at 1-844-484-2820 or [email protected].

Neither the 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 statements within the meaning of the Section 27A of the Securities Act of 1933

and Section 21E of the Securities Exchange Act of 1934, and forward-looking information within the meaning of the Canadian

securities laws (collectively, “forward-looking information”). Forward-looking information is identifiable by use of the words

“believes,” “may,” “plans,” “will,” “anticipates,” “intends,” “budgets,” “could,” “estimates,” “expects,” “forecasts,” “projects,”

and simi lar expressions, and the negative of such expressions. Forward-looking information in this news release includes

statements regarding interpretation of geophysical data ; limits to anomalous chargeability data ; general comments related to

chargeability and resistivity data; limonite alteration zone; the 2024 mapping program; transitioning the project to the drilling

stage; and the presence of a Laramide age porphyry copper system.

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 geological advice that Copper Fox has received is reliable and is

based upon practices and methodologies which are consistent with industry standards; and the reliability of historical report s.

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: interpretation of geophysical data

may not indicate the presence of a porphyry copper system; limits to anomalous chargeability data may not be accurate; general

comments related to chargeability and resistivity data may not be accurate; the limonite alteration zone may not be correlated

to the chargeability anomaly; the geophysical survey may not provide the expected results; 2024 mapping program may not be

accurate; the geophysical survey results may not provide enough information to transition the project to the drilling stage; the

financial markets and the overall economy may deteriorate; the need to obtain additional financing and uncertainty of meeting

anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals.

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.