Copper Fox Metals Inc.

Personally,I think the 120 days is irrelevant. This will be more of a gentlemanly business agreement than following some loosely worded document that is 30 years old.

1-Teck and our Managers know that Teck will be in on this project.

2-Teck and our Managers want the same thing. (Project Value)

3-We have Elmer quoted as saying that Teck is very happy.

4-They are already negotiating.

5-There is a gigantic opportunity here for increased value.Teck and our Management already know that.

6- When a company is valued by an auditor .Do they just use the share price on any given day? Wow- I could do that.Share prices of any company can be so unrealistic - for no apparent reason- so often your head would spin tring to figure it all out.

Some day we will be laughing all the way to the bank!