Copper Fox Metals Inc (CPFXF)

[Pro-Life]

Copper Fox Completes Land Acquisitions Covering Positive Magnetic Lineament at Schaft Creek Property
Tuesday, March 27, 2012

(via e-mail)

Vancouver, British Columbia -- March 27, 2012 -- Mr. Elmer Stewart, President and CEO of Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU) announced the acquisition of two groups of mineral tenures. One group is located adjacent the Schaft Creek project and the second group is located in the Mess Creek area. Mr. Stewart stated "the purpose for the acquisition of these mineral claims is to provide additional coverage of the interpreted extension of the Schaft Creek mineral trend and its associated positive magnetic feature. The second group of claims expands the Company's acreage in this important mining district and road access".

Highlights:

Group one -- (Marko/Mott) Approximately 4,741 hectares (24 mineral tenures) contiguous to the north and south of the Schaft Creek project have been acquired. These mineral tenures cover the extension of the positive magnetic lineament outlined in 2011 that show a strong correlation to the Schaft Creek deposit and two other zones of copper-gold-molybdenum-silver mineralization exposed on surface. These mineral tenures are subject to the Option Agreement with Teck Resources Limited ("Teck"), and
Group two -- (Ruzo) Approximately 700 hectares (2 mineral tenures) in the Mess Creek area. These mineral tenures are not subject to the Option Agreement with Teck.

Rationale for the Mineral Tenure Acquisitions:
To view the location of the interpreted Schaft Creek Mineral Trend, visit the Copper Fox website at http://www.copperfoxmetalsinc.com.

The Marko/Mott mineral claims are located along strike of the interpreted Schaft Creek Mineral Trend and the positive magnetic lineament located by the high resolution airborne magnetic survey completed by Copper Fox earlier in 2011. The historical exploration data on both groups of land packages shows the presence of elevated concentrations of copper both in soil and in rock samples. The work completed by Copper Fox in 2011 suggests that the positive magnetic feature may represent the main structure that controls the location of the mineralization within the Schaft Creek project.

Mineral Tenure Acquisitions:
Details of the transactions are provided below and the Purchase Agreements will be filed on SEDAR.

Marko/Mott Acquisition:
The two mineral claim blocks (consisting of 24 mineral tenures totaling 4,741.55 hectares) from Randy Marko and Paul Mott ("Marko/Mott") are contiguous to the Company's Schaft Creek project. Consideration paid by Copper Fox was $25,000 cash and a 2% net smelter return (NSR) royalty on the mineral claims subject to a "Partial NSR Buyout Option". The Partial NSR Buyout Option allows Copper Fox at any time to purchase half of the NSR for a cash payment of $1.0 million such that the NSR is reduced from 2% to 1%.

Ruzo Acquisition:
The two mineral tenures totaling 700.52 hectares located east of the Mess Creek mineral claims held by Copper Fox were purchased from V. Ruzo. These mineral tenures are not subject to the Option Agreement with Teck. Consideration paid by Copper Fox was $7,000 cash and a 1% net smelter return (NSR) royalty on the mineral tenures. The NSR Buyout Option allows Copper Fox at any time to purchase the NSR for a cash payment of $0.25 million.

Elmer B. Stewart, MSc. P. Geol., President of Copper Fox, is the Corporation's nominated Qualified Person pursuant to National Instrument 43-101, Standards for Disclosure for Mineral Projects, has reviewed the technical information disclosed in this news release.