I got to thinking about the claim acquisitions and it seems curious that we picked up those 487ha for Teck. We have a lot of mineral rights, 56267ha and change

https://www.mtonline.gov.bc.ca/mtov/searchTenures.do?owner=207046

and only 8334 (plus the 487) are part of the option agreement.Looking back at past NR’s we have been picking up claims over the years in a similar way, e.g abuting the current Schaft Creek mineral claims, but they were ours.Maybe a nice Valentines gift for Teck instead of chocolates?Hmmmm

I also accidently found that we already have some Liard shares outside the Option agreement.Maybe our fox is pretty crafty after all :-)

February 7, 2013 NR

Schaft Creek claims --487.99 hectares (4 mineral tenures) located within the Schaft Creek project. These mineral tenures cover the western side of the projected Schaft Creek Mineral Trend. These mineral tenures are subject to the Option Agreement with Teck Resources Limited

The mineral tenures located within the Schaft Creek project are located along the western side of the projected Schaft Creek Mineral Trend where exploration in 2012 has confirmed the mineralized nature of the large chargeability signature referred to as the Discovery Zone. These mineral tenures may also be important in the location of infrastructure required to develop the Schaft Creek project as contemplated in the recently completed Feasibility Study.

https://www.mtonline.gov.bc.ca/mtov/searchTenures.do?owner=207046

March 24, 2011 NR

Mineral Claim Acquisitions:

Details of the transactions are provided below and the Purchase agreements will be filed on Sedar:

1. The purchase of two mineral claims (2,786.54 hectares) from Charles James Greig and John Bernard Kreft ("Greig/Kreft") are contiguous to the Company's Schaft Creek project. Consideration paid by Copper Fox was $250,000 cash, 1,250,000 common shares of Copper Fox and a 2% net smelter return (NSR) royalty on the mineral claims subject to a "Partial NSR Buyout Option". The Partial NSR Buyout Option allows Copper Fox at any time to purchase half of the NSR for a cash payment of $1.5 million such that the net smelter royalty is reduced from 2% to 1%.
2. The purchase of one mineral claim (192 hectares) from Pembridge Mining Corp. ("Pembridge") that abuts the current Schaft Creek mineral claims owned by Copper Fox. Copper Fox paid Pembridge $350,000 cash and granted Pembridge a 2% net smelter return royalty on the mineral claim subject to a "Partial NSR Buyout Option". The Partial NSR Buyout Option allows Copper Fox to purchase half of the NSR for a cash payment of $1.5 million such that the net smelter royalty is reduced from 2% to 1%.
3. Copper Fox acquired 26,954 shares of Liard Copper Mines Ltd. (Liard), a private company incorporated in BC from Mrs. Mary Elizabeth Dunn for a cash payment of $269,540 and 245,000 common shares of Copper Fox. Liard holds a 30% Net Profits Interest (NPI) royalty in the Schaft Creek project. Teck Resources Limited (Teck) owns 78% of the issued and outstanding shares of Liard. Upon completion of a positive Feasibility Study, Copper Fox will acquire Teck's 78% interest in Liard. The shares acquired by Copper Fox as a result of this transaction with Mrs. Dunn represent approximately 1.47% of the issued and outstanding shares of Liard.