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Newversiondddradrfdraftdtd Copper Fox Extends Warrant Expiry Dates

Share Capital & Compensation

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COPPER FOX EXTENDS WARRANT EXPIRY DATES

Calgary, Alberta – May 21, 2020 - Copper Fox Metals Inc. (“Copper Fox” or the “Company”)

(TSX-V: CUU) is pleased to announce that it intends to extend, subject to the approval of the TSX

Venture Exchange, the expiry dates of 24,549,665 outstanding warrants as detailed below. The subject

warrants were originally issued on June 30, 2016, July 27, 2017 and June 14, 2018 respectively, with an

original expiry date of two (2) years, and subsequent extensions of one (1) year, in connection with

private placements of units consisting of common shares and warrants of the Company. The new expiry

dates provide a n additional one-year extension. These warrants continue to be exercisable a t their

original exercise price.

Exercise Price Original (and amended) Expiry Date (Further) Amended Expiry Date

$0.17 June 30, 2018 (amended to June 30, 2020) June 30, 2021

$0.17 July 27, 2019 (amended to July 27, 2020) July 27, 2021

$0.15 June 14, 2020 June 14, 2021

About Copper Fox

Copper Fox is a Tier 1 Canadian resource company listed on the TSX Venture Exchange (TSX-V: 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 Sta tes 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 a 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 http://www.copperfoxmetals.com.

On behalf of the Board of Directors

Elmer B. Stewart

President and Chief Executive Officer

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.

For additional information contact:

Copper Fox Metals Inc.

Lynn Ball: [email protected]

(844) 464-2820 or (403) 264-2820

www.copperfoxmetals.com