Copper Fox Metals Inc.

Here is what I would have liked to have seen happen:

1. Let Ernesto's warrants expire rather then extending him. This move would have lowered our share count by 5.2M shares. There is no need to appease our largest shareholder like this. Focus on moving the share price up and all shareholders will be happy.

2. Let the incentive options expire. They are called incentive options because they are meant as a reward for hitting deadlines and for adding shareholder value. Neither of these were achieved so these rewards should not be given. This would save us another 1M shares.

3. Raise required funds on the public markets, AFTER the feasibility document is complete and we have some positive share price movement. I'm sure we could get a better price than $0.85 with a full warrant at $1.00