Copper Fox Metals Inc.

How does thier PFS look in terms of #'s when cimpared to Schaft Creek?

PFS Highlights:

• The reported mineral reserve totals 401 million tonnes ("Mt") grading 0.40 % total copper ("Cu") and 0.07 g/t gold ("Au"), and the mine-concentrator as designed is expected to produce 3.1 billion pounds of copper and 484,000 ounces of gold over the 19-year life of the operation.

• Initial capital cost is US$ 1.16 billion and the base case after-tax valuation yields an expected net cash flow of US$ 1.6 billion with a net present value ("NPV") of US$ 496 million at an 8 % discount rate.

• After-tax internal rate of return ("IRR") is 15.9 % and the Project has a 5.1-year payback period from the start of operations.

  Production averages 120,000 tonnes per annum ("tpa") of copper in concentrate over the first 5-year period and 75,000 tpa over the life of the operations