Copper Fox Provides Update ON Schaft Creek Project
COPPER FOX PROVIDES UPDATE ON SCHAFT CREEK PROJECT
Calgary, Alberta , May 12, 2025. Copper Fox Metals Inc. (“Copper Fox” or the “Company”)
(TSXV:CUU | OTCQX:CPFXF | FSE:HPU) is pleased to report that it has received from Teck Resources
Limited (“Teck”) reports on Environmental Baseline Studies completed over the past two years for the
Schaft Creek copper -gold-molybdenum-silver project located in northwestern Bri tish Columbia. The
Schaft Creek project is managed through the Schaft Creek Joint Venture (“SCJV”). Teck is the Operator
of the SCJV and holds a 75% interest with Copper Fox holding the remaining 25% interest.
Elmer B. Stewart, President and CEO of Copper Fox, stated, “ The findings of the se studies provide
specific data on the environmental, hydrogeological, and surface water quality parameters of the Schaft
Creek project. These studies were completed by Tahltan ERM Environmental Management, a joint
venture partnership between TNDC and ERM Consultants Canada Ltd., a leading global provider of
environmental resource management services that conducts studies in keeping with the cultural and social
traditions of the Tahltan Nation.”
Archeological and Cultural Heritage Studies
This report summarizes the results of an Archeological Impact Assessment (AIA) completed pursuant to
the Heritage Conservation Act under permit issued by the BC Ministry of Forests. The AIA included an
assessment of revisions to the previously assessed project footprint including within the proposed Rock
Storage areas and Tailing Storage facility and associated infrastructure. The AIA located several new
archeological sites and revisited several previously identified site s. The report included general
recommendations by the Registered Archaeologist , and in consultation with the Tahltan Central
Government, and are expected to be implemented in future programs.
Surface Water and Hydrology Studies
This report reviews the historical results of water sampling programs completed since 2005 and new water
sampling programs completed from 2021 to the end of 2024. The objectives of this report were to compile
the cumulative surface water quality data and characterize the baseline surface water quality for streams
in the project area while comparing this data to provincial and federal water quality guidelines for the
protection of freshwater aquatic life.
Hydrogeological Studies
This report summarizes the results of the cumulative hydrogeological baseline data collection program for
the period of September 2023 to July 2024. Baseline monitoring programs were completed on the project
since 2007 and were used to provide background information for the current baseline monitoring program.
Ground water levels were found to be generally close to surface and flow patterns are largely controlled
by topography. The groundwater quality is characterized as neutral to slightly basic pH levels ( ranging
from 7.0 to 8.5) indicating high alkalinity and potential buffering capacity of the subsurface. Local
exceedances of provincial and federal water quality guidelines for the protection of freshwater aquatic life
were identified in several portions of the study area for fluorine, aluminum, arsenic, and iron.
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Fish and Fish Habitat Studies
This study summarizes the results from the 2023-2024 fish and fish habitat baseline studies . The
objectives of this report were to update fish habitat and fish community data at selected sites to confirm
information gathered in previous years throughout the project area . No fish were observed during the
study period in Skeeter Lake or Snipe Lake, which are in close proximity to proposed infrastructure. The
presence of kokanee was confirmed in Mess Lake located approximately twelve kilometers northeast of
the Schaft Creek deposit.
Meteorological and Glacier Monitoring reports detailing studies completed over the past two years were
also received and are still under review.
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, and has reviewed and approves the scientific and technical information disclosed in this news
release.
About Copper Fox
Copper Fox is a Canadian exploration and development company focused on Tier 1 copper projects 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% ownership of the Van Dyke
oxide copper project located in Miami, AZ, the 100% in terest in the Mineral Mountain and Sombrero
Butte porphyry copper exploration projects 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.
For additional information contact: Lynn Ball at 1-844-464-2820; [email protected]
On behalf of the Board of Directors
Elmer B. Stewart
President and Chief Executive Officer
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 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: archeological and cultural heritage, surface water and hydrology, hydrogeological, and, fish and
fish habitat studies completed for the Schaft Creek project.
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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, metallurgical, engineering,
financial and economic advice that Copper Fox has received is reliable and is based upon practices and
methodologies which are consistent with industry standards; the speed of field studies; and the stability of economic
and market conditions . While Copper Fox considers these assumptions t o 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 finding of these studies may not be as interpreted ; additional studies may yield different results;
uncertainties relating to interpretation of results; the overall economy may dete riorate; uncertainty as to the
availability and terms of future financing; fluctuations in commodity prices and demand; currency exchange rates;
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 a t 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 o f the forward -looking information contained herein to reflect future results, events, or
developments, except as required by law.