Copper Fox Announces Positive Sampling Results From Mineral Mountain Copper-Molybdenum-Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 18, 2017) - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX VENTURE:CUU)(OTC PINK:CPFXF) is pleased to announce preliminary sampling results (51 samples) from its 100% owned Mineral Mountain porphyry copper project, located in central Arizona. The results for additional samples from the project are pending.

Elmer B. Stewart, President and CEO of Copper Fox, stated, "The preliminary results are defining what looks like a large zone of porphyry style copper-molybdenum-gold-silver mineralization; the extent of which has yet to be defined. These results are encouraging and significantly advance our understanding of the copper potential of the project and will be used to establish the next work program to be completed. An interpretation of the results of the sampling program will be provided when all results are received and reviewed."

Highlights:

1. The average metal concentrations for the samples within the mineralized zone are: 0.884% copper, 0.011% molybdenum, 0.122 g/t gold, and 29.8 g/t silver.
2. The high copper concentration is interpreted to be due to the presence of chalcocite within the seventeen samples that assayed over 1% copper.
3. The mineralized area outlined by these sample results covers approximately 800m by 600m and is open in three directions.
4. Host rocks to the mineralization are Granodiorite, Aplite/Quartz Monzonite dikes, and Hornblende Diorite dikes, all of Laramide age.
5. The mineralized area coincides with the previously reported historical chargeability anomaly.
6. The mineralization exhibits a positive rhenium-tellurium association.

Mineral Mountain Project:

The Mineral Mountain project is located in a northeast trending structural lineament that hosts the porphyry copper deposits at Casa Grande, Resolution and in the Miami-Globe district in Arizona. The program was completed in that area of the project where historical exploration reports indicated the presence of a large area of copper +/- molybdenite mineralization and a coincident positive chargeability anomaly hosted in a Laramide age Granodiorite intrusion.

Analytical results for 51 samples from the area of reported mineralization have been received. The results for an additional 70 samples are pending. The range of values from within the sampled area for the 51 samples is shown below: