Copper Fox Updates Exploration Model - Preparing Plan of Operations FOR Drilling at Sombrero Butte Porphyry Copper Project

COPPER FOX UPDATES EXPLORATION MODEL -

PREPARING PLAN OF OPERATIONS FOR DRILLING AT

SOMBRERO BUTTE PORPHYRY COPPER PROJECT

Calgary, Alberta– July 23, 2025. Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSXV:CUU –

OTCQX:CPFXF – FSE:HPU) and its owned subsidiary, Desert Fox Minerals Co. (“Desert Fox”), are pleased to

present an updated exploration model for its 100% owned Sombrero Butte project. The model integrates data from

the 2024 geophysical and mapping programs, petrographic, mineralogical, geochronological and alteration studies,

whole rock and trace element geochemistry, SWIR and high resolution airborne magnetic and radiometric surveys,

and available public data. The use of trace element ratios and zircon geochemistry was used to distinguish between

prospective (fertile) and non-prospective intrusive phases of the Copper Creek granodiorite.

Elmer B. Stewart, President & CEO of Copper Fox commented: “The data compilation and updating the exploration

model, provides the opportunity to prepare a Plan of Operations to conduct an exploratory drill program to test the

large porphyry target located in the center of the project. The exploration model suggests a “near surface” highly

evolved porphyry copper-molybdenum system exhibiting supergene enrichment of the copper mineralization and

several episodes of high temperature hydrothermal fluids located in the same structural setting as the Copper Creek

porphyry copper deposit to the north.”

Faraday Copper’s Copper Creek porphyry copper deposit and Copper Fox’s Sombrero Butte project are in the

historically productive Copper Creek -Bunker Hill mining district, which contains breccia -pipe-hosted and

porphyry-style copper mineralization, The Copper Creek porphyry copper deposit is located approximately three

kilometers north of the Sombrero Butte project, Figure-1.

Figure-1: Project location map (looking west) showing other porphyry copper deposits in relation to the

exploration target and chargeability anomaly on the Sombrero Butte project.

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Summary

The updated exploration model supports the presence of a large, highly evolved porphyry copper system overlain

by a relatively thin veneer of phyllic-altered andesitic volcanics and volcaniclastic sediment s of the Glory Hole

formation. The Copper Creek intrusive exhibits a diorite to granodiorite evolutionary trend consistent with other

porphyry copper deposits in Arizona with SiO2 contents ranging between 52 to 70% SiO2 consisting primarily of

porphyritic and non -porphyritic phases of hornblende-biotite granodiorite and biotite granodiorite with lesser

amounts of quartz diorite, quartz monzonite and quartz syenite.

The “near surface” porphyry copper target is characterized by quartz vein hosted copper-molybdenum

mineralization that exhibits a strong spatial correlation to a central zone of potassic alteration and laterally

widespread thermal metamorphism and phyllic alteration of the Glory Hole volcanics. The zone of potassic

alteration hosts areas of quartz-magnetite, and magnetite veining (indicative of early potassic alteration) and

prospective hypersaline fluid inclusion s (liquid+vapor+daughter minerals) typically observed in the epizonal

portion of porphyry copper deposits underlain by a coincident strong positive chargeability anomaly hosted in the

Laramide age Copper Creek intrusive (Pb/U zircon ages of 62.97+/-0.01 Ma and 63.08+/-0.01 Ma.) and overlying

Glory Hole volcanics, Figure-2.

Figure-2: Schematic section (looking north-northwest) showing the Updated Exploration Model for the Sombrero

Butte Project. The depth of reliable exploration for the 2024 geophysical survey is limited to 600m below surface.

The anomalous chargeability and low resistivity signatures extend to depth below the 600m depth.

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The updated e xploration model highlights the following features typically seen in Laramide porphyry copper

deposits in Arizona.

• The southern extension of the Copper Creek granodiorite consist s primarily of porphyritic and non -

porphyritic hornblende-biotite granodiorite and biotite granodiorite.

• The porphyry copper target and underl ying 3,200 meter (m) long by 1,300m wide chargeability anomaly

(>25 mrad) occupies the same structural setting as the Copper Creek porphyry copper deposit.

• A central potassic zone surrounded by widespread phyllic ( the Limonite zone ; oxidized quartz-pyrite-

sericite veinlets) and lesser amounts of distal advanced argillic, propylitic and tourmaline alteration.

• Hypogene enrichment (i.e. bornite rimming chalcopyrite) of copper mineralization and magnetite rimming

pyrite indicating several superimposed high temperature hydrothermal events.

• Hypersaline fluid inclusions with liquid + vapor + solid phases of halite, hematite, chalcopyrite and

anhydrite typically observed in epizonal portions of porphyry copper deposits.

• Multiple (120) breccia pipes including magmatic hydrothermal breccia containing high grade copper +/-

molybdenum-gold-silver mineralization.

• Thermal metamorphism of the Glory Hole volcanics suggesting a relatively thin cover of Glory Hole

volcanics overlying the Copper Creek granodiorite intrusive.

General Geology

The geology of the Sombrero Butte project consists of Precambrian age Pinal Schist, Laramide age Glory Hole

volcanics and Copper Creek granodiorite and the Miocene age Galiuro volcanics, Figure-3.

Figure-3: General geology of the Sombrero Butte project and section line for the updated exploration model. The

red line on the map shows line of section for the exploration model shown in Figure-2.

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Structural Setting

The Copper Creek porphyry copper deposit is located between the Holy Joe fault and the Blind Thrust fault.

Modelling of high-resolution magnetic data delineated several north-northwest trending, west dipping (55 to 65),

regional scale magnetic features, three of which exhibit a strong correlation to the Range Front fault, the Blind

Thrust fault and the Holy Joe fault . The porphyry exploration target and chargeability anomaly occupy the same

structural setting on the Sombrero Butte project, Figure-4.

Figure-4: Structural setting of the chargeability anomaly and interpreted regional faults underlying the Sombrero

Butte project.

Petrographic/Mineralogical Studies

These studies identified the following mineralogical and alteration features indicative of a porphyry copper system.

• Widespread potassic (K-spar) alteration and quartz -chalcopyrite-bornite veins associated with the K -spar

alteration.

• Hypogene enrichment evidenced by bornite encroaching inward on core zones of chalcopyrite.

• Sulfide mineralization postdates the thermal metamorphism of the Glory Hole Volcanics.

• Samples where the paragenetic sequence shows later stage magnetite rimming and replacing pyrite, an

unusual pattern, in that porphyry-related hydrothermal systems generally evolve from a low oxidation-

low sulfidation state to high oxidation and sulfidation states.

Fluid Inclusion Studies

Fluid-inclusions in porphyry copper deposits are considered to be indicative of epizonal intrusions which are the

most favorable parents for porphyry copper mineralization and provide direct information about the hydrothermal

fluids that transport metals a nd form deposits. The fluid inclusions identified at Sombrero Butte are a) vapor, b)

liquid+vapor and c) liquid+vapor+daughter minerals. The presence of hypersaline inclusions (liquid+ vapor+

daughter minerals) suggests the intrusive source achieved saturation and phase separation (i.e. “boiling”) into a

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vapor-rich phase and a high salinity brine phase. The locations of samples from the Sombrero Butte project with

hypersaline fluid inclusions are shown in Figure-5.

Figure-5: Distribution of samples used in fluid inclusion studies showing locations of samples with Hypersaline

fluid inclusions. Hypersaline fluid inclusions are restricted to the various phases of the Copper Creek

granodiorite.

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Breccia Systems

Five different styles of breccias occur within the porphyry target at Sombrero Butte. These mineralized and non-

mineralized breccias occur as vertically dipping pipes exhibiting different textural, geochemical associations,

alteration patterns, degrees of leaching, and weak to intense argillic alteration. The Breccia pipes at the northwest

end of the proje ct occur within a n 800m by 800m area within potassic and phyllic altered porphyritic and non -

porphyritic hornblende-biotite granodiorite, biotite granodiorite and Glory Hole volcanics. Several of these breccia

pipes were tested by diamond drilling between 2006 -2008. Selected w eighted average grade for mineralized

intervals from these breccias are shown in Table-1.

Table-1: Selected weighted average grades from 2006-2008 diamond drilling at Sombrero Butte as reported in the

NI 43-101 Technical Report of the Sombrero Butte Project , Pinal County, Arizona, USA , dated May 12, 2010,

prepared by Rodney A. Blakestad, J.D., C.P.G.

Breccia DDH ID From (m) To (m) Interval (m) Cu (%) Mo (%) Au (g/t) Ag (g/t)

Magna SB-02 280 368 88 0.663 0.012 0.009 0.561

Campstool SB-03 430 492 62 0.566 0 0.044 0.100

Sunset SB-05 10 40 30 3.570 0.001 0.005 4.050

Audacious SB-14 0 86 86 1.158 0.001 0.007 0.412

Magna SB-23 276 358 82 0.815 0.003 0.020 0.485

Magna SB-23 446 506 60 1.010 0.022 0.067 3.015

Victors SB-33 4 26 22 1.562 0.004 0.124 5.509

Note: The intervals in the above table are based on drill core lengths and do not represent true thickness of the

mineralized intervals.

Analytical Procedures

Age dating (U/Pb zircon, based on 12 determinations) of samples was performed by the Pacific Centre for Isotopic

and Geochemical Research located in Vancouver, British Columbia (CA-TIMS U-Pb isotopic data). Whole rock

and trace element sample preparation and analytical results were completed by ALS Canada Ltd at its facilities in

Vancouver, British Columbia. Sample analyses utilized ALS’s codes ME-MS61L for trace elements, MS61L-REE

for Rare Earth elements and ME-ICP for Whole Rock element analyses. Historical analytical results from the 2006-

2008 drilling preformed by Bell Copper were generated by Activation Laboratories using Instrumental Neutron

Activation Analyses (“INAA”) and Inductively Coupled Plasma mass spectrometry (“ICP”) analytical techniques.

Both Bell Copper and Activation Laboratories employed various standards and blanks in their respective QA/QC

programs. Vancouver Petrographics located in Langley, British Columbia, prepared the thin sections, completed

cobaltinitrite staining of cut block and provided petrographic descriptions of the thin sections.

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

approved the scientific and technical information disclosed in this news release.

About Copper Fox

Copper Fox is a 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 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek copper-gold-

molybdenum-silver project located in northwestern British Columbia and the 100% ownership of the Van Dyke

oxide copper project located in Miami, Arizona. For more information on Copper Fox’s other mineral properties

and investments visit the Company’s website at copperfoxmetals.com.

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On behalf of the Board of Directors

Elmer B. Stewart

President and Chief Executive Officer

For additional information contact: Lynn Ball (844) 484-2820 or (403) 264-2820, [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 similar expressions, and the negative of such

expressions. Forward-looking information in this news release includes statements regarding; an updated

exploration model; preparation of a Plan of Operations to conduct an exploratory drill program; presence of a large,

highly evolved 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 reports . 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 updated exploration model may not be accurate; the Plan of Operations may not get completed or filed

as planned; an exploratory drill program may not happen as planned or at all; the presence of a large highly evolved

porphyry copper system may not be as estimated; 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.