Copper Fox Provides Update ON 2025 Schaft Creek Program
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COPPER FOX PROVIDES UPDATE ON
2025 SCHAFT CREEK PROGRAM
Calgary, Alberta – July 24, 2025. Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSXV:CUU |
OTCQX:CPFXF | FSE:HPU) is pleased to provide the results of the 2024 geotechnical investigations and an
update on 2025 activities at the Schaft Creek project . 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 75% interest
with Copper Fox holding the remain ing 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.
The 2025 Schaft Creek program is designed to complete a field program consisting of drilling and geophysical
surveys to further investigate the areas designated for the rock storage facility (RSF) , conduct archaeological and
baseline environmental data collection, and complete required upgrades to the field camp facilities. In addition, a
desktop compilation of technical data collected between 2021 and 2024 , including metallurgical, geotechnical,
archeological, and environmental data, will lead to a review to determine project readiness to progress to the
prefeasibility study (PFS) stage (see news release dated January 30, 2025).
Highlights
• Upgrades to the camp facilities including installation of solar array to supply clean , renewable electrical
power are underway.
• The 2025 drilling program has commenced south of the Liard zone and is intended to collect data in an area
proposed for rock storage.
• Archaeological investigations and baseline environmental data collection are in progress.
• The 2024 report on geotechnical drilling and related geophysical and hydrogeological surveys has been
received (see Geotechnical Investigation section below).
• Coarse particle flotation testwork has been added to the geometallurgical studies, to better characterize the
geometallurgical response from the Liard zone.
• Strengthening collaboration and engagement with the Tahltan Nation through the support of educational
opportunities, youth athletics and cultural training is ongoing.
Elmer B. Stewart, President, and CEO of Copper Fox, stated, “ The data from the 2025 program is expected to
provide critical geotechnical data in the area proposed as a rock storage facility and is critical infrastructure for the
Schaft Creek project. The 2024 Geotechnical Investigation Report augments and supports the conclusions of the
2023 Geotechnical Report and makes recommendations for additional drilling to better assess pit slope conditions
ahead of updating the current open pit design. The addition of coarse particle flotation to the geometallurgical study
provides an opportunity to assess the potential of incorporating this process into the milling circuit to reduce power
costs.”
Geotechnical Investigation
Piteau Associates Engineering Ltd. managed the 2023 and 2024 Geotechnical Investigations. The 2024 program
included geomechanical logging of the 202 4 drill core, downhole geophysical surveys, packer testing , vibrating
wire piezometer (VWP) installations, field and laboratory rock mechanics testing, data compilation , analysis and
preliminary design.
Following the recommendation outlined in the 2023 Geotechnical Report, t he 202 4 program support ed the
progression of the geotechnical model for an updated open pit design and provided more confidence in the
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geotechnical domains outlined in the proposed open pit including in the “highwall” along the east and northeast
side of the Schaft Creek deposit. The 2024 geotechnical data support the separate geotechnical domains outlined
in 2023 each with recommended pit slope angles , ranging from 3 9° – 51° and the potential for 30-meter-high
benches in the southwestern portions of the pit . The 2024 report recommends additional drilling to better
characterize the geotechnical variability along the highwall portion of the Schaft Creek deposit and to confirm the
geotechnical design within specific geotechnical domains.
Metallurgical Testwork
The addition of coarse particle flotation testwork to the geometallurgical studies provides an opportunity to
investigate the potential to optimize the milling process and reduce power costs. The work is being completed by
Teck at its facilities located in Trail, British Columbia under the direction of the metallurgical division of Teck.
Qualified Person
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, has
approved the scientific and technical information disclosed in this news release.
About Copper Fox
Copper Fox is a Canadian resource company focused on copper exploration and development in Canada and the
United States. The principal assets of Copper Fox and its wholly owned 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: Lynn Ball at 1-844-464-2820 or [email protected].
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 results and recommendations of the geotechnical drillin g program; collection of geotechnical,
metallurgical, environmental data; advancing community engagement; preliminary results of grinding and copper
recoveries: and continuing studies related to the metallurgical testwork program.
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
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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: results and recommendations of the geotechnical drilling program may not be accurate; the recommendation
from the geotechnical drilling may not be completed; collection of geotechnical, metallurgical, environmental data;
advancing community engagement may not be completed as expected or at all; preliminary results of grinding and
copper recoveries may not be accurate : and the continuing studies related to the metallurgical testwork program
may not be completed as expected or at all.
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.