THE EXPIRY DATE OF THE WARRANTS ISSUED WITH THE MARCH 16, 2011 OFFERING

cnw




VANCOUVER, March 31 /CNW/ - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSXV: CUU) announced today that as a result of its shares trading on the
TSX-Venture at a value in excess of $1.65 for 10 consecutive days, the
criteria has been met to trigger the early expiry of the Copper Fox
warrants, issued in connection with the Flow-Through Financing which
closed on March 16, 2011. Accordingly the new expiry date of aforesaid
warrants will be moved forward to April 30, 2011 from December 31,
2011. All shares issued from the exercise of these warrants will be
subject to a hold period expiring on July 17, 2011.


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
24,003.5 hectare (59,311 acre) 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


*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