It is subtle, but I thought the last NR supported the notion that the Teck Option Agreement is still forming the baseline for discussions. Too bad it is a warning that those earn-back options might not happen and not something more positive.

Note too, that the last NR can be easily read to imply that these discussions started soon after the FS was completed (i.e. well before Feb 4th). It is a thin premise I know.

June 05, 2013
Copper Fox Provides Update on Discussions Regarding Schaft Creek

Vancouver, British Columbia - June 5, 2013 - Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU)today provides an update on the Schaft Creek project and reports that discussions are continuing between the Company and Teck Resources Limited ("Teck") regarding Teck's back-in to the Schaft Creek property. Discussions with Teck commenced following the Company's completion of a National Instrument 43-101 technical report pertaining to a feasibility study on the Schaft Creek Mineral Deposit. As disclosed in the Company's news release dated February 4, 2013, the feasibility study has been filed and is available on SEDAR (www.sedar.com). There can be no assurance that the discussions with Teck will lead to Teck exercising any of its earn back options nor that the Company and Teck will enter into a definitive joint venture agreement as contemplated under the Teck Option Agreement.