Copper Fox Metals

Schaft Creek Project

Description: The Schaft Creek Project consists of a large undeveloped porphyry copper-gold-molybdenum-silver deposit (the Schaft Creek deposit) and is located within a contiguous group of mineral claims that cover 21,025 hectares, the ownership of which was recently transferred to Copper Fox by Teck Resources Limited ("Teck"). The mineral claims covering the Schaft Creek deposit are subject to an earn-back right held by Teck pursuant to an Option Agreement dated January 1, 2002 (the "Option Agreement") between Teck and Copper Fox. In addition, Copper Fox owns a 100% working interest in another contiguous group of mineral claims covering 3,947 hectares that is not subject to the Option Agreement.

Location: The Schaft Creek Project is situated 45 kilometers west of the Stewart-Cassiar Highway and approximately 80 kilometres south of Telegraph Creek in north western British Columbia.

History: The Schaft Creek Project was extensively explored and drilled by several mining companies since its discovery in the late 1950's culminating with the completion of a pre-feasibility study by Teck-Cominco Corp. (now Teck Resources Limited) in the early 1980s. In 2002, Copper Fox Metals Inc. secured the rights to acquire a 100% working interest in the project pursuant to an Option Agreement with Teck Resources Limited ("Teck") and related underlying agreements. Copper Fox has since earned a 100% working interest in the project (subject to the terms and conditions of the Option Agreement and an earn-back Option held by Teck) and has incurred expenditures of approximately $43 million to the end of December 2009.

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Elmer B. Stewart, P.Geol, MSc.
Position: Chairperson of the Board, President and CEO
Mr. Stewart has a Masters Degree in Geology and over 32 years of domestic and international experience in mining and mineral exploration. Mr. Stewart has been involved in putting five gold mines into production. Mr. Stewart has approximately 22 years of experience at the senior management level for various companies listed on the Toronto and Toronto Venture Exchange.

    
J. Michael Smith
Position: Executive Vice President and Director
Mr. Smith has been an executive and director of Copper Fox Metals since September 2004. Mr. Smith had a 38 year banking career with RBC Royal Bank, holding senior management positions in Calgary, Edmonton, Montreal and New York. Mr. Smith is a Director and Treasurer of a registered public charity.

    
Catherine Henderson
Position: Chief Financial Officer
Ms. Henderson has nearly 20 years of leadership experience in diverse financial operations, including accounting, corporate tax, financial reporting, internal auditing, labour relations and information systems management. Ms. Henderson has led accounting activities and financial management programs for both private and public companies, building top-caliber financial departments and setting up internal controls that effectively combat error and fraud, while maximizing financial performance and productivity.

Brought on board as the Controller in 2004, Ms. Henderson was promoted to CFO in 2011, and is in charge of providing both operational and programmatic support to the organization. She has input on all strategic matters related to financial forecasting, budgeting and securing new funding, with direct reporting to the company President and Chief Executive Officer. She will be leading Copper Fox's changeover from Canadian GAAP to IFRS

    
Cam Grundstrom, B.Sc. Eng.,
Position: Vice President Operations
Mr. Grundstrom joined Copper Fox Metals in 2007 and brings over 20 years of mine design, development and operations experience. He has been involved with, and responsible for, the development and operation of mines on two continents. Most recently, Mr. Grundstrom was the Mining Coordinator at BHP Billiton's Ekati Diamond Mine, where he was responsible for mine operations. In addition, Mr. Grundstrom was the Mine-General Foreman at Placer Dome's 225,000 tonne-per-day (gold) Porgera Joint Venture in Papua New Guinea.

    
Shane Uren, M.A.Sc., R.P. Bio,
Position: Vice President Environment and Permitting
Mr. Uren is a Registered Professional Biologist in British Columbia who brings with him 10 years of environmental consulting experience in Canada and overseas. His experience includes environmental assessments for BHP Billiton's Ekati Diamond Mine, Cambior's Rosebel Mine, Inco Ltd.'s Goro Project, Novagold's Galore Creek Project and Thompson Creek Metal's Davidson Project. Mr. Uren has considerable experience in the management of environmental assessments of mining projects in British Columbia.

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