Mr. Elmer Stewart reports

COPPER FOX ANNOUNCES SECOND QUARTER RESULTS

Copper Fox Metals Inc. has provided its consolidated second quarter operating and financial results. Copper Fox had a net loss for the quarter of $350,360 (nil per share). The company incurred $385,590 in expenditures toward furthering the development of its Van Dyke copper project in Arizona. Copies of the financial statements, notes, and related management's discussion and analysis may be obtained on SEDAR,, the company website or by contacting the company directly. All references to planned activities and technical information contained in this news release have been previously announced by way of news releases by the company. (All amounts are expressed in Canadian dollars unless otherwise stated.)

Highlights:

• The 2015 work plan for the Schaft Creek joint venture budgeted at $4.8-million to continue the optimization studies and to diamond drill test the copper-gold mineralization located in the LaCasse zone was approved. Mobilization for the 2015 Schaft Creek field program was completed in early June.
• The company commenced a preliminary economic assessment on the Van Dyke in situ leach oxide copper deposit located in Arizona.
• Copper Fox increased its equity ownership in Carmax Mining Corp. to 50.97 per cent by way of a $550,000 private placement.
• The 2015 exploration program for Carmax's Eaglehead project has commenced. The program consists of relogging and resampling of previously sampled sections and sampling of previously unsampled sections of the historical drill cores and approximately 1,200 metres of diamond drilling.

Elmer B. Stewart, president and chief executive officer of Copper Fox, stated: "We are very pleased with the overall scope and level of activities of the company in 2015. This year, Copper Fox will be exposed to approximately $6.2-million in optimization and exploration work, which includes the Schaft Creek joint venture and our equity ownership in Carmax while limiting our financial exposure to approximately $750,000 at the Van Dyke project."

Mr. Stewart, MSc, PGeol, president of Copper Fox, is the company's non-independent, nominated qualified person pursuant to National Instrument 43-101 (standards for disclosure for mineral projects), and has reviewed the scientific and technical information disclosed in this news release.

Outlook

The company's focus in the next quarter is working with its partners to implement the optimization and exploration activities outlined to date on three of its four copper projects. Major activities include working with Teck Resources Ltd. to advance the optimization studies and completing the field program at the SCJV, completion of the PEA at the Van Dyke ISL copper project, and completing the work necessary to incorporate the legacy data into the project database, as well as 1,200 metres of diamond drilling at the Eaglehead project with Carmax. The working capital position of the company is such that the company should not require additional working capital to continue as a going concern for the next year.

                        SELECTED FINANCIAL INFORMATION
                                                           Net (loss)/income
                                                          per share -- basic
                                      Net (loss)/income          and diluted
2015
Second quarter                         $       (854,264)  $             0.00
First quarter                          $        509,648   $             0.00
2014
Fourth quarter                         $        696,685   $             0.00
Third quarter                          $       (951,334)  $             0.00
Second quarter                         $       (613,970)  $             0.00
First quarter                          $       (469,429)  $             0.00
2013
Fourth quarter                         $       (439,695)  $             0.00
Third quarter                          $      3,117,445   $             0.01

Liquidity and capital resources

At April 30, 2015, the company had working capital of $4,983,118 and an accumulated deficit of $17,959,001 and had comprehensive loss of $339,570 for the six months ended April 30, 2015.

Fixed costs to maintain operations, pay taxes and upkeep the Arizona properties are approximately $220,000 per annum. This includes an annual payment to Silver Nickel for Sombrero Butte of approximately $157,000. Corporate and general costs have been approximately $1.2-million in 2013 and 2014.

As at April 30, 2015, the company's cash and cash equivalents were $3.6-million. The company has access to sufficient funds to meet its current overhead and planned capital expenditures.

We seek Safe Harbor.