Copper Fox Metals Inc.

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM Copper Fox Metals is a Canadian-based resource company focused on developing the world-class Schaft Creek Project in northwestern British Columbia.

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Re: Option agreement timeframe

over 12 years ago

in response to Riskkee's message

"Incurring $5,000,000 in expenditures on or before December 31, 2006 and aggregate expenditures of $15,000.000 on or before December 31, 2011."

This allows them to acquire the Direct Holding, which they did.

"Further acquire Teck Cominco's 'Indirect Holding' (defined as an indirect 23.4% carried interest through its 78% shareholding in Liard Copper Mines Ltd. who hold a 30% carried interest in the property) by incurring the above described $5,000,000 in expenditures and completing and delivering to Teck Cominco a positive bankable feasibility study."

This refers to the Indirect Holding that we are awaiting, but it doesn't have a deadline. It says Salazar may acquire the Indirect Holding at any time after incurring the $5 million in expenditures mentioned above. The Feasibility has no deadline.