... Similar Signatures for Mineralized Zones, Diamond Drilling Underway, Resource Estimate Tables Received from AMEC

Press Release Source: Copper Fox Metals Inc. On Tuesday June 21, 2011, 1:28 pm

VANCOUVER, June 21, 2011 /CNW/ - ("Copper Fox" or the "Company") (TSXV:CUU.V) is pleased to provide its shareholders an interpretation of the results of the high resolution airborne magnetic survey over the Schaft Creek project and an update on diamond drilling activities at the Schaft Creek project.

Highlights:

a) Copper Fox has received from AMEC Americas Limited the tables setting out at various copper cutoff grades the tonnes and average metal grades in each resource category for the Updated Resource Estimate and Block Model. Copper Fox is currently reviewing the data with a view of releasing the results of the Updated Resource Estimate as soon as possible,

b) The airborne magnetic survey has identified a linear positive magnetic feature with a 20 kilometre (km) strike length. The Schaft Creek deposit, the recently acquired ES and GK zones of copper mineralization occur immediately adjacent to this positive magnetic feature,

c) The airborne magnetic survey has identified three distinct positive magnetic signatures that correlate with the Schaft Creek deposit and the ES and GK zones of copper mineralization,

d) The airborne magnetic signature over the Schaft Creek deposit correlates well with the Quantec Titan-24 DCIP and MT survey results (see news release dated November 16, 2010) and suggests that the Schaft Creek deposit could extend for an additional 1,000 metres (m) to the south, and

e) Diamond drill DDHCF407-2011 located in the Paramount zone has been shut down at a depth of 735m in propylitic altered volcanics. DDHCF407-2011 intersected visible copper mineralization in the core from 5.3m to a depth of 653m. The second drill has arrived on the property and is currently drilling on the Paramount zone.

Elmer B. Stewart President and CEO of Copper Fox stated, "The results of the airborne survey identified a previously unknown 20km long positive magnetic feature that is associated with the Schaft Creek deposit and the ES and GK zones of copper mineralization. This feature is of considerable interest from an exploration/mineral potential for the Schaft Creek project. The survey identified three positive magnetic signatures that correlate with the Schaft Creek deposit and the zones of copper mineralization and has much better defined the limits of Schaft Creek mineral trend. The copper mineralization observed in DDHCF407-2011 has extended the mineralized zone an additional 125m to the east and a further 136m below the mineralized interval [517m] intersected in DDHCF399-2010. The drilling on the Paramount zone has the objective of expanding the limits of the mineralization of the Schaft Creek deposit by testing the large chargeability anomaly located to the east under Mount LaCasse."

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