Copper Fox Metals Inc.

Holding Teck's feet to the fire is no way to negotiate at the beginning of a discussion. CUU has the contractual agreement to turn the screws as needed but it's not necessary to commence from this position.

That`s exactly my thinking. If both parties are negotiating in good faith there is no need to wave the 120 day clause in Teck`s face, nor demand that the Liard shares be handed over asap. I am sure Teck is aware of these conditions and do not need to be reminded.

As for Teck pulling a fast one on us by declaring that the BFS didn`t meet their criteria how would that make them look to other juniors they have partnerships with? What kind of message would that send to them? It would tell them don`t do business with us because we will screw you with our legal loopholes. I don`t think Teck wants to jeopordize their working relationships with other partners now nor in the future. We acted in good faith by accepting Teck`s advice and guidance in producing this BFS and so should Teck also respond in kind. Quid pro quo.