Jevin Werbes, President of Carmax commented, "We are excited to welcome Desert Fox, along with its management which has a proven history of developing copper properties in British Columbia, as an equity participant in our Company. Further announcements will be made regarding Desert Fox's proposed nominees to the Board once they are identified."

2014 Field Program

Carmax intends to embark on a field program to advance the Eaglehead project. This will include ground geophysics to better understand the extent of known mineralization and its extensions, 8 to 10 exploration drill holes, 2 drill holes for metallurgical testing, as well as extensive re-logging of historic drill cores. A budget of $1,200,000 is anticipated for the field program.