Copper Fox Metals Inc.

We've all heard a lot about the potential to find additional mineralization east under Mt Lacasse. What I didn't realize is that it appears that a lot of this potential mineralization is within our current pit limits. That means our feasibility counted it as waste but it will likely be valuable rock. This is different than the "waste" rock that came from the inferred resource (see our presentation, it shows where the inferred is). This could be HUGE for our economics. For scale, I've created a quick image which shows how much "waste" rock is being moved that could be mineralized. The black line shows the shape of our open pit. The dark blue shows how much undrilled area has to be moved as waste. This area is almost 300m thick at points. If this year's drilling program can prove up that mineralization then we are in very good shape.