Copper Fox Metals Inc (CUU:TSXV) - News Alert

Copper Fox Announces the Closing of a $4,025,000 Financing by an Insider and a $4,000,000 Private Placement Unit Offering, Insider Commits to 100% Participation

Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU) is pleased to announce the closing of a financing by an insider for
proceeds of $4,025,000 (the "Financing").

The Financing consisted of the issuance of 3,500,000 units at a purchase
price of $1.15 per unit, for aggregate net proceeds of $4,025,000. Each
unit consists of one common share of Copper Fox and one common share
purchase warrant of Copper Fox. Each warrant entitles the holder
thereof to acquire one common share of Copper Fox at an exercise price
of CDN $1.25 prior to 5:00 PM September 10, 2013.

Monies raised from the Financing will be used to fund costs associated
with completing the feasibility study on the Schaft Creek deposit and
general operating expenses.

In accordance with applicable securities legislation, securities issued
pursuant to the Financing are subject to a hold period of four months
plus one day from the date of completing the Financing.

No fees or commissions were paid as part of this transaction.

Copper Fox is also pleased to announce that subject to the approval of
the TSX-Venture Exchange, the Company intends to complete a
non-brokered private placement to raise up to CDN $4,000,000 (the
"Offering". The Offering is expected to consist of 3,478,261 units at
a purchase price of $1.15 per unit, for aggregate gross proceeds of
$4,000,000. Each unit consists of one common share and one common
share purchase warrant of Copper Fox. Each warrant entitles the holder
thereof to acquire one common share of Copper Fox at an exercise price
of CDN$1.25 prior to 5:00 pm on the one year anniversary of the closing
date of the Offering.

Mr. Ernesto Echavarria, a Director, insider and control person of Copper
Fox as defined by the regulators of the TSX-Venture Exchange, has
committed to participating in 100% of the Offering.

Monies raised from the Offering will be used to fund costs associated
with the recently announced purchase of the Van Dyke and Sombrero Butte
Copper projects in Arizona, the Schaft Creek Feasibility Study and
general operating expenses.