CALGARY, Feb. 26 /CNW/ - Guillermo Salazar S, President and CEO of Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-Venture CUU) is pleased to announce that the Board of Directors of the Company has approved an incentive stock option plan to Employees, Officers, Consultants and Directors of the Company. The option grants are comprised of two components. The first component is a grant to Contractors for a total purchase of 1,050,000 shares at an exercise price of $0.78 per share,(which represents a 20% discount to the market price on February 23, 2007 of $0.97 and is the maximum allowed pursuant to the rules of the TSX-Venture Exchange) expiring February 25, 2012. The second component is a grant to Officers, Employees and Directors for a total purchase of 1,535,000 shares at an exercise price of $0.97 per share (market price as at February 23, 2007) expiring February 25, 2012. These grants will vest in accordance with the provisions of the Company's Option Plan.

About Copper Fox

Copper Fox is a Canadian based Junior Natural Resource mining company listed on the TSX-Venture exchange trading under the symbol (CUU). The Company is working toward the economic development of the world class copper-gold-molybdenum mineral deposit located at Schaft Creek situated in north west British Columbia, Canada. The Company holds an option agreement with Teck Cominco Limited to acquire up to a 93.4% direct and indirect (carried) interest in the Schaft Creek property.

On behalf of the Board of Directors

Guillermo Salazar S

President & CEO

The TSX Venture Exchange has not reviewed the contents of this news

release and accepts no responsibility for the adequacy or the accuracy

thereof.

This news release may contain forward-looking information including but not limited to comments regarding the timing and content of upcoming financings, work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking information includes disclosure regarding possible future events, or conditions or results of operations that is based on assumptions about future economic conditions and courses of action, and therefore, involves inherent risks and uncertainties. Although management has a reasonable basis for the conclusions drawn, actual results may differ materially from those currently anticipated in such statements.