Copper Fox Provides Update on Schaft Creek Project

Rhea-AI Summary

Copper Fox Metals (OTCQX: CPFXF) has received environmental baseline study reports from Teck Resources for the Schaft Creek copper-gold-molybdenum-silver project in British Columbia. The studies were conducted by Tahltan ERM Environmental Management over the past two years. Key findings include:

The Archeological Impact Assessment identified several new archeological sites and reviewed previously identified locations. Surface water studies compiled data from 2005-2024, while hydrogeological studies revealed groundwater levels close to surface with neutral to slightly basic pH levels (7.0-8.5). Local exceedances were found for fluorine, aluminum, arsenic, and iron.

Fish habitat studies from 2023-2024 confirmed no fish in Skeeter and Snipe Lakes near proposed infrastructure, while kokanee presence was confirmed in Mess Lake. The project is managed through the Schaft Creek Joint Venture, with Teck holding 75% interest and Copper Fox 25%.

Calgary, Alberta--(Newsfile Corp. - May 12, 2025) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) (FSE: HPU) ("Copper Fox" or the "Company") is pleased to report that it has received from Teck Resources Limited ("Teck") reports on Environmental Baseline Studies completed over the past two years for the Schaft Creek copper-gold-molybdenum-silver project located in northwestern British Columbia. The Schaft Creek project is managed through the Schaft Creek Joint Venture ("SCJV"). Teck is the Operator of the SCJV and holds a 75% interest with Copper Fox holding the remaining 25% interest.

Elmer B. Stewart, President and CEO of Copper Fox, stated, "The findings of these studies provide specific data on the environmental, hydrogeological, and surface water quality parameters of the Schaft Creek project. These studies were completed by Tahltan ERM Environmental Management, a joint venture partnership between TNDC and ERM Consultants Canada Ltd., a leading global provider of environmental resource management services that conducts studies in keeping with the cultural and social traditions of the Tahltan Nation."

Archeological and Cultural Heritage Studies
This report summarizes the results of an Archeological Impact Assessment (AIA) completed pursuant to the Heritage Conservation Act under permit issued by the BC Ministry of Forests. The AIA included an assessment of revisions to the previously assessed project footprint including within the proposed Rock Storage areas and Tailing Storage facility and associated infrastructure. The AIA located several new archeological sites and revisited several previously identified sites. The report included general recommendations by the Registered Archaeologist, and in consultation with the Tahltan Central Government, and are expected to be implemented in future programs.

Surface Water and Hydrology Studies
This report reviews the historical results of water sampling programs completed since 2005 and new water sampling programs completed from 2021 to the end of 2024. The objectives of this report were to compile the cumulative surface water quality data and characterize the baseline surface water quality for streams in the project area while comparing this data to provincial and federal water quality guidelines for the protection of freshwater aquatic life.

Hydrogeological Studies
This report summarizes the results of the cumulative hydrogeological baseline data collection program for the period of September 2023 to July 2024. Baseline monitoring programs were completed on the project since 2007 and were used to provide background information for the current baseline monitoring program. Ground water levels were found to be generally close to surface and flow patterns are largely controlled by topography. The groundwater quality is characterized as neutral to slightly basic pH levels (ranging from 7.0 to 8.5) indicating high alkalinity and potential buffering capacity of the subsurface. Local exceedances of provincial and federal water quality guidelines for the protection of freshwater aquatic life were identified in several portions of the study area for fluorine, aluminum, arsenic, and iron.

Fish and Fish Habitat Studies
This study summarizes the results from the 2023-2024 fish and fish habitat baseline studies. The objectives of this report were to update fish habitat and fish community data at selected sites to confirm information gathered in previous years throughout the project area. No fish were observed during the study period in Skeeter Lake or Snipe Lake, which are in close proximity to proposed infrastructure. The presence of kokanee was confirmed in Mess Lake located approximately twelve kilometers northeast of the Schaft Creek deposit.

Meteorological and Glacier Monitoring reports detailing studies completed over the past two years were also received and are still under review.

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

About Copper Fox
Copper Fox is a Canadian exploration and development company focused on Tier 1 copper projects in Canada and the United States. The principal assets of Copper Fox and its wholly owned subsidiaries, being Northern Fox Copper Inc. and Desert Fox Copper Inc., are the 100% ownership of the Van Dyke oxide copper project located in Miami, AZ, the 100% interest in the Mineral Mountain and Sombrero Butte porphyry copper exploration projects located in Arizona, the 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited on the Schaft Creek copper-gold-molybdenum-silver project and the 100% owned Eaglehead polymetallic porphyry copper project each located in northwestern British Columbia. For more information on Copper Fox's mineral properties and investments visit the Company's website at www.copperfoxmetals.com.

For additional information, contact: Lynn Ball at 1-844-464-2820; investor@copperfoxmetals.com

On behalf of the Board of Directors

Elmer B. Stewart
President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of the Canadian securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "budgets," "could," "estimates," "expects," "forecasts," "projects," and similar expressions, and the negative of such expressions. Forward-looking information in this news release includes statements about: archeological and cultural heritage, surface water and hydrology, hydrogeological, and, fish and fish habitat studies completed for the Schaft Creek project.

In connection with the forward-looking information contained in this news release, Copper Fox and its subsidiaries have made numerous assumptions regarding, among other things: the geological, metallurgical, engineering, financial and economic advice that Copper Fox has received is reliable and is based upon practices and methodologies which are consistent with industry standards; the speed of field studies; and the stability of economic and market conditions. While Copper Fox considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.

Additionally, there are known and unknown risk factors which could cause Copper Fox's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include among others: the finding of these studies may not be as interpreted; additional studies may yield different results; uncertainties relating to interpretation of results; the overall economy may deteriorate; uncertainty as to the availability and terms of future financing; fluctuations in commodity prices and demand; currency exchange rates; and uncertainty as to timely availability of permits and other governmental approvals.

A more complete discussion of the risks and uncertainties facing Copper Fox is disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at www.sedarplus.ca. All forward-looking information herein is qualified in its entirety by this cautionary statement, and Copper Fox disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251601

FAQ

What are the key findings from CPFXF's Schaft Creek environmental baseline studies in 2025?

The studies revealed groundwater levels close to surface with pH 7.0-8.5, local exceedances of guidelines for fluorine, aluminum, arsenic, and iron, and confirmed no fish presence in Skeeter and Snipe Lakes near proposed infrastructure.

What is the ownership structure of the Schaft Creek project between Copper Fox and Teck Resources?

The Schaft Creek project is managed through a joint venture where Teck Resources is the operator holding 75% interest, while Copper Fox Metals holds the remaining 25% interest.

What archaeological findings were reported in the Schaft Creek project area?

The Archaeological Impact Assessment identified several new archaeological sites and revisited previously identified sites in the project footprint, including areas near Rock Storage and Tailing Storage facilities.

What water quality characteristics were found in the Schaft Creek project's hydrogeological studies?

The groundwater showed neutral to slightly basic pH levels (7.0-8.5) with high alkalinity and buffering capacity, with some local exceedances of guidelines for fluorine, aluminum, arsenic, and iron.