PLACEMENT FLOW-THROUGH OFFERING

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VANCOUVER, Feb. 17 /CNW/ - Copper Fox Metals Inc. ("Copper Fox" or "the Company") (TSXV: 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 $3,750,000 in flow-through funds (the
"Offering"). The Offering will consist of 3,000,000 flow-through units
at a price of $1.25. Each unit will consist of one flow through common
share and one half of a non-flow through purchase warrant. One full
purchase warrant plus $1.50 entitles the holder to purchase a Copper
Fox common share until expiry on December 31, 2011. In the event Copper
Fox trades above $1.65 for ten (10) consecutive days, the purchase
warrants, if unexercised, will expire 30 days thereafter. The Offering
will have a minimum subscription of 6,000 units ($7,500.00) and 1,000
increments thereafter. The flow-through common shares will be 100%
eligible for Canadian Exploration Expense (CEE) as defined by the
Canadian Income Tax Act.


The Company has agreed to pay a finder's fee of 6.5% payable in cash and
a 6.5% finder's option will be payable to registered dealers and arm's
length third parties. The Finders option will entitle the holder to
acquire that number of common shares equal to 6.5% of the of the number
of flow-through units sold, exercisable at a price of $1.25 per share,
for a period of twelve (12) months following closing date.


Monies raised from this financing will be used toward completing the
updated resource estimate and the Feasibility Study at Schaft Creek.


About Copper Fox

Copper Fox is a Canadian based resource company listed on the
TSX-Venture Exchange (CUU-TSX-V). Copper Fox was recently recognized by
TSX Venture Inc. as a member of the distinguished TSX Venture 50(R) group
where it had the distinction of being ranked first overall for 2010.


The Company is 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.


A Feasibility Study is being led by Wardrop, A Tetra Tech Company on a
minimum 120,000 tpd open pit mine and the study is expected to be
completed by the end of June 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, a 30% carried interest
held by Liard Copper and an earn back option held by Teck Resources
Limited ("Teck"). Copper Fox is currently earning a 78% interest in
Liard Copper from Teck. Teck's earn back option to acquire 20%, 40% or
75% of the Schaft Creek project is triggered upon completion of a
positive Feasibility Study. Should Teck elect to exercise its option
for 75% they are required to fund subsequent property expenditures up
to a total of 400% of those incurred by Copper Fox ($57.2 million as of
December 31, 2010) and arrange for project financing, including the
Copper Fox portion. For full details of the option please refer to the
Company's website http://www.copperfoxmetals.com/">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