GEOPHYSICAL SURVEY INDICATES DEEP POTENTIAL AT SCHAFT CREEK, DRILLING PROGRAM CONTINUES, COMPLETION OF RESOURCE ESTIMATE EXTENDED TO Q1 2011 TO INCLUDE 2010 DRILLING AND RE-ASSAY RESULTS

	    VANCOUVER, Nov. 16 /CNW/ - Copper Fox Metals Inc. (TSX-Venture: CUU;
"Copper Fox", "the Corporation") is very pleased to announce the results for
the recently completed Quantec Titan-24 DCIP and MT survey at Schaft Creek. 
To view the 3D geophysical model of the Schaft Creek deposit, go to the Copper
Fox website at www.copperfoxmetals.com. Copper Fox also advises that it has
extended the expected completion date for the updated resource estimate to
allow inclusion of the assay results for the 2010 diamond drilling and the
re-sampling of selected historical diamond drill holes that is currently
underway. Highlights are as follows:
	    Highlights:
<<

	    --  the chargeability anomaly that reflects the Schaft Creek deposit has
	        been extended an additional 800 metres (m) to the north and 800 m to the
	        south. This anomaly now has a strike length of 3,200 m and significantly
	        increases the potential size of the deposit,
	    --  at a depth of 700 m below surface, the chargeability anomaly located in
	        the center of the Schaft Creek deposit measures 1,000 m long by 500 m
	        wide and is open to depth,
	    --  the diamond drilling program is continuing to prove up a higher grade
	        starter pit, test the depth extent of the chargeability anomaly, and
	        test the higher grade copper-gold mineralization intersected at the
	        bottom of DDH CF398,
	    --  the chargeability anomaly suggests that the majority of the historical
	        drilling was completed on a possible flank of the deposit (Liard Zone)
	        and was too shallow to test the deeper part of the chargeability
	        anomaly, and
	    --  the resource estimate scheduled to be completed in December 2010 has
	        been extended to Quarter 1, 2011 and will include the analytical results
	        of the 2010 diamond drilling program and the re-sampling of historical
	        drill holes.
>>
	    Mr. Elmer Stewart, President of Copper Fox stated, "The recent
geophysical and diamond drilling results suggest that this deposit has
potential to host substantial additional quantities of copper-gold-molybdenum
mineralization at depth and along strike. The geophysical data suggests that
the majority of the drilling, which was completed on the south flank of the
deposit, was too shallow to test the deeper part of the new chargeability
anomaly coincident with the higher copper and gold grades intersected at the
bottom of DDH 398. The positive drill results could have a significant effect
on several key areas of the feasibility study and cannot be excluded if the
real value of the Schaft Creek deposit is to be established."
	    Diamond Drilling Update:
	    The diamond drilling program at Schaft Creek has been extended to
complete at least three more diamond drill holes to test and delineate a
potential higher grade "starter pit" and test the deeper part of the
chargeability anomaly that extends to a depth of greater than 700 m under this
portion of the Schaft Creek deposit. A list of holes completed to date is
shown in Table-1 below:
	    Table-1: 2010 Diamond drill status at Schaft Creek:

<<


	                                                     

DDH ID Easting Northing Dip Azimuth Total Depth (m)    Status

CF399  379413  6360654  -55    90          517.3     Completed

CF400  379962  6360823  -90    na          239.9     Completed

CF401  379415  6360800  -55    90          495.9     Completed

CF402  379313  6361056  -55    90            na     In progress

CF403  379347  6360502  -80    90          212.5     Completed

CF404  380024  6358546  -80    270         255.1     Completed

CF405  379418  6360908  -60    90            na     In progress


>>
	    Core logging, sawing and sampling of the completed diamond drill holes is
in progress and analytical results will be reported on receipt thereof. DDH
CF402 and DDH CF405 are currently being drilled to test the strike and depth
extension of the copper-gold-molybdenum-silver mineralization intersected in
DDH CF398 and DDH CF399.
	    Quantec Titan-24 DCIP and MT Survey:
	    Quantec Geosciences Limited (Quantec) completed an additional 22.4
kilometers (five lines) of DCIP and MT survey over the Schaft Creek deposit in
late September and October 2010.  The results of both Quantec surveys
completed in 2010 have been combined into a three dimensional (3D) geophysical
model of the Schaft Creek deposit.  To view the 3D geophysical model of the
Schaft Creek deposit, go to the Copper Fox website at www.copperfoxmetals.com.
	    The chargeability anomaly that represents the Schaft Creek deposit (see
About Copper Fox below) has been tested with over 400 diamond drill holes. A
brief discussion of the extensions to the chargeability anomaly outlined by
the recent survey is presented below:
	    Section 6361400N and Section 6361800N:
	    The survey has extended the previously defined chargeability anomaly an
additional 800 m to the north, past the limit of the diamond drilling.  The
anomaly measures 1,400 m wide and extends to a minimum depth of 500 m. The
western 400 m wide portion of the chargeability anomaly corresponds to the
Paramount/West Breccia Zone (see About Copper Fox for resource estimation) of
the Schaft Creek deposit.  The eastern portion of the chargeability anomaly
dips to the east under Mount LaCasse is open at depth and along strike.
	    Section 6359000N and Section 6358600N:
	    The survey has extended the chargeability anomaly an additional 800 m to
the south. The anomaly is approximately 800 m wide and extends to a depth of
at least 500 m below surface.  The historical diamond drilling did not test
this recently identified extension to the chargeability anomaly.  The
chargeability anomaly is open to the south along strike. 
	    Section 379650E:
	    This line was completed in a north-south direction along the strike
length of the Schaft Creek deposit to demonstrate continuity of the
chargeability anomaly between the nine east-west oriented sections surveyed.
	    This section confirms the extension of the anomaly indicated in Sections
6359000N and 6358600N and shows a 900 m long (and open to the south)
chargeability anomaly at a depth of approximately 150 m below surface. The
historical drilling in this area is considered too shallow to intersect this
anomaly. 
	    In the area of the Schaft Creek deposit previously referred to as the
Paramount Zone (see About Copper Fox below), the chargeability anomaly plunges
to the north to a depth of at least 500 m and is open along strike and at
depth. The chargeability anomaly was defined on Sections 6361400N and 6361800N
and confirms the extension of the chargeability anomaly to the north.
	    Quantec Titan-24 Survey Parameters:
	    The Quantec Titan-24 DCIP and MT system is a State of the Art geophysical
tool used to explore for copper sulphide mineralization.  The survey was
completed on five lines surveyed using differential GPS instrumentation. 
Survey sections were completed at 400 m line spacing.  The Titan-24 survey
typically images DC resistivity to depths of 500-750 m and the IP typically
images to 500-750 m, in sub-vertical tabular geologic settings and up to 50%
more for sub-horizontal settings.  The 3D inversion of the DC and IP data was
completed using the UBC3D inversion code.  The 14 mRad contour on the UBC
smoothed, Null Referenced pseudo-section was used to determine anomalous
chargeability.
	    Resource Estimation:
	    The higher grade assay results in DDH CF398, the visible
bornite-chalcopyrite-molybdenite mineralization observed in DDH CF399 and
CF401 and the results of the re-sampling program need to be included in the
current resource estimate to arrive at an accurate estimate of the tonnes and
average grade of the metals in the Schaft Creek deposit. Therefore the
Corporation is extending the completion date of the resource estimate which is
now expected to be completed in the first quarter 2011.
	    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, and has reviewed the
technical information disclosed in this news release.
	    About Copper Fox
	    Copper Fox is a Canadian based resource company listed on the TSX-Venture
Exchange (CUU) focused on completing a Feasibility Study on the Schaft Creek
deposit, one of the largest undeveloped copper, gold, molybdenum and silver
deposits in North America.  Categorized as a "giant porphyry deposit" this
project is at the advanced development stage with a Preliminary Feasibility
Study ("PFS") prepared by Samuel Engineering, Inc. of Denver, Colorado, in
September 2008.  The results of the PFS were extremely "robust" reporting a
NPV @ 8% (before tax) of $2.8 billion dollars over a 23 year mine life.  The
PFS contemplated processing 100,000 tonne per day ("tpd") from an open pit
mine using a standard flotation recovery process.  The PFS estimated the
current Mineral Resources (using a 0.2% copper equivalent cutoff) at Schaft
Creek which included; Measured Resources of 436.5 million tonnes grading 0.30%
copper, 0.23 g/t gold, 0.02% molybdenum and 1.55 g/t silver, Indicated
Resources of 929.8 million tonnes grading 0.23% copper, 0.15 g/t gold, 0.02%
molybdenum and 1.56 g/t silver.  The PFS projected a recovery of 4.8 billion
pounds of copper, 255 million pounds of molybdenum, 4.5 million ounces of gold
and 32.5 million ounces of silver.
	    A Feasibility Study on a minimum 120,000 tpd open pit mine is expected to
be completed in early 2011.
	    Copper Fox holds title and a 100% working interest in a contiguous 21,025
hectares (51,954 acres) property which includes the Schaft Creek deposit
subject to certain royalty agreements and an earn back option.  Teck Resources
Limited ("Teck") has an option to acquire up to 75% of the Schaft Creek
project which is triggered upon completion of the Feasibility Study.  Should
Teck elect to exercise their option for the full amount (75%) they are
required to fund subsequent property expenditures up to a total of 400% of
those incurred by Copper Fox ($55 million to date) and arrange for project
financing, including the Copper Fox portion.  For full details of the option
please refer to the Company's website www.copperfoxmetals.com.
	    *United States investors are advised that current Mineral Resources are
not current Mineral Reserves and do not have demonstrated economic viability.
All figures are rounded to reflect the relative accuracy of the estimate and
in keeping with "best practice principles".
	    On behalf of the Board of Directors
	    Elmer B. Stewart President & Chief Executive Officer