COPPER FOX ANNOUNCES A $4,005,000 NON BROKERED PRIVATE PLACEMENT FLOW-THROUGH OFFERING

	    VANCOUVER, Nov. 17 /CNW/ - Copper Fox Metals Inc. (TSX-Venture: CUU) is
pleased to announce that subject to approval of the TSX-Venture Exchange, the
Company intends to complete a non-brokered private placement to raise up to
$4,005,000 in flow-through funds (the "Offering"). The Offering is expected to
consist of 4,450,000 flow-through shares at a purchase price of $0.90 per
share for aggregate gross proceeds of $4,005,000. Each share will be 100%
eligible for Canadian Exploration Expense (CEE) as defined by the Canadian
Income Tax Act.
	    Details of the Financing:
	    The Company will pay a cash finder's fee of 6% of the gross proceeds
raised in the Offering, as well as issue non-transferable warrants (the
"Warrants") equal to 6% of the number of flow-through shares sold under the
Offering.  Each Warrant will entitle the holder to purchase one non-flow
through share at a price of $0.75, exercisable at any time until the close of
business on the expiry of 24 months.
	    Funds generated from this financing will be used to advance the
feasibility study and include drilling programs, metallurgical testing and
engineering studies associated with the development of the Schaft Creek Giant
Porphyry Deposit. 
	    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.  They 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 includes; 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 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 principals".
	    On behalf of the Board of Directors
	    Elmer B. Stewart President & Chief Executive Officer
	    Neither 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 include
statements about the intention to complete and details concerning a flow
through private placement offering; statements regarding the completion of a
Feasibility Study on the Schaft Creek deposit; statements concerning the size
and mineralization contained in the Schaft Creek deposit; statements bout the
stage of development of the Schaft Creek deposit; statement about the results
of the PFS, including tones per day processing; statements on the expected
completion date of the Feasibility Study; statements about Teck's option to
acquire up to 75% of the Schaft Creek project and subsequent funding and
financing.  Information concerning mineral reserve and resource estimates also
may be deemed to be forward-looking information in that it reflects a
prediction of the mineralization that would be encountered if a mineral
deposit were developed and mined.
	    The forward-looking information contained in this news release, Copper
Fox has 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; and the continued
financing of the Feasibility Study.  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 flow through private placement financing may not close or
close on the terms currently contemplated by Copper Fox; the Feasibility Study
may not be completed within the contemplated time frame, or at all; the
possibility that the analytical results from the core sampling does not return
significant grades of copper minerlaization; fluctuations in copper and other
commodity prices and currency exchange rates; uncertainties relating to
interpretation of drill results and the geology, continuity and grade of
mineral deposits; uncertainty of estimates of capital and operating costs,
recovery rates, and estimated economic return; the need to obtain additional
financing to develop properties and uncertainty as to the availability and
terms of future financing; the possibility of delay in exploration or
development programs or in construction projects and uncertainty of meeting
anticipated program milestones; 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.sedar.com.  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.





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	    /For further information:
	    Investor line 1.866.913.1910 or J. Michael Smith, EVP, at 1 604 689 5080
	    /