Replies to post #26560 on Traders Cooperative

[basserdan]

*** Au/Cu/Ag/Mo related post (CUU.V/CPFXF) ***


Copper Fox announces its request for a trading halt

Monday June 11, 12:12 pm ET

CALGARY, June 11 /CNW/ - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (CUU.V - CPFXF) announces that, as a result of information provided to the Company on June 7, 2007 by its independent Qualified Person, Keith McCandlish, Vice President and General Manager of Associated Geosciences Ltd. (AGL), the Copper Equivalent Values provided to Copper Fox by AGL and reported by Copper Fox in its News Release of May 9, 2007 may be materially understated. As a result, the classification of the resources is understated.

An error in the formula used by AGL to calculate the copper equivalent has been identified. The Company is advised by AGL that the correction to the copper equivalent calculation will not affect the grades of individual resource blocks, tonnes or contained metal of the Schaft Creek deposit.

The resource estimate announced on May 9, 2007 is being reviewed by the Company in detail with its consultants, in conjunction with its review of the copper equivalent values, and the Company will issue a further news release to announce the results of this review. The Company requested the TSX-venture exchange halt trading of the stock until such time as recalculation of the copper equivalent values has been completed.

About Copper Fox

Copper Fox is a Canadian based Junior Natural Resource mining company listed on the TSX-Venture Exchange trading under the symbol CUU. The Company is working toward the economic development of the world class copper-gold-molybdenum mineral deposit located at Schaft Creek situated in north west British Columbia, Canada. The Company is in the process of evaluating the feasibility of developing an open pit mine with a minimum capacity of 65,000 tonnes/day processing rate over a minimum life of 15 years. Copper Fox holds the property pursuant to an option agreement with Teck Cominco Limited whereby Copper Fox may acquire up to a 93.4% direct and indirect interest in the Schaft Creek property.

http://biz.yahoo.com/cnw/070611/copper_fox_trade_halt.html?.v=1