Quellaveco:

Planned copper mine in Peru
Quellaveco, a large copper mining project in southern Peru that Anglo has been developing for more than 15 years, has been strongly criticized by environmental groups. Friends of the Earth International (FoEI) has warned that local agriculture and cattle raising in the highly arid area could be seriously harmed by the enormous amount of water the mine would require. FoEI’s critique was based on an independent environmental impact assessment conducted by Robert Moran titled The Quellaveco Mine: Free Water for Mining in Peru’s Driest Desert? Moran took issue with the company environmental impact assessment claim there would be no significant impacts. Instead, he concluded that the project “is likely to have numerous long-term, negative impacts on water quality and quantity in the operational and waste disposal areas, but most importantly, will assuredly aggravate the already contentious competition for water in one of the driest irrigated regions of the world.”

Schaft Creek:

(see new Feb presentation)

http://www.copperfoxmetals.com/i/pdf/CUU_PP_Feb_2012.pdf

* Low annual precipitation (1 metre / year)

* Low environmental Impact <5% pag rock, very low compared to other projects)

* No fish habitat in Vicinity of mine site

* Minimal Impact on wildlife (numerous wildlife studies completed)

* Small Footprint

February 14, 2011
Milestone In Environmental Assessment Of Schaft Creek Achieved

* Shaft Creek has an estimate of 3.6% to 5.1% of the total waste rock mined could potentially be net acid generating, a very low percentage compared to other porphyry copper deposits.

The watershed areas around the Schaft Creek deposit are non fish bearing

Mr. Stewart, President of Copper Fox stated that "I am pleased that the fish habitat portion of the environmental studies on the Schaft Creek deposit concluded that no fish species have been found from 1 to 6 kilometer radius of the deposit. The lack of fish habitat and low acid generating potential of the waste rock to be mined are very positive environmental features of the Schaft Creek deposit.

Environmental Assessment Update:

Copper Fox is working with the Tahltan Heritage Resources Environmental Assessment Team and provincial and federal regulators to submit an Environmental Assessment (EA) Application for the Schaft Creek deposit in the fourth quarter of 2010. One aspect of the EA Application will require authorizations under the Canadian Fisheries Act. The exhaustive studies completed by Copper Fox show that the tailings storage facility, the open pit and the waste rock storage areas, all three of which are major components of the feasibility study and the proposed mine site are not located within fish bearing waters. Naturally occurring barriers prevent fish from accessing to within 1, 2.5 and 6 kilometers of the tailings storage facility, waste rock storage area and open pit.

Due to the absence of fish, approval under the British Columbia Environmental Assessment Act, the Canadian Environmental Assessment Act and the Canadian Fisheries Act will not be contingent upon the reclassification of fish habitat as mine waste disposal facilities. Copper Fox expects that due to the absence of fish in the area around the proposed mine site, a Schedule 2 Amendment under the Fisheries Act would not be required.

Copper Fox has selected the tailings and waste rock storage areas based on consultation with the regulatory agencies with the goal of minimizing impacts on the environment and is working with provincial, federal and Tahltan Heritage Resources Environmental Assessment Team representatives to develop the Schaft Creek Project in an environmentally responsible manner.