Wednesday, October 15, 2008
Copper Fox Metals Inc. to be featured on The Biography Channel.
Calgary, October 15, 2008: Copper Fox Metals Inc. (CUU-TSX-V, CPFXF-S/P) to be featured on CEO Clips on The Biography Channel.
CEO Clips, a series of two minute corporate profiles on Canadian companies, will feature Copper Fox Metals Inc. on The Biography Channel Monday, October 13 -- November 2nd throughout the day and evenings. It can also be viewed online via this link:
www.ceoclips.com/media/copper_fox.asx. In addition it will be posted on Yahoo Finance Canada,
stockhouse.ca and MSN Finance as well as our website
www.copperfoxmetals.com.
About The Biography Channel:"Over Half of Canadians in digital households watch The Biography Channel," Roper Report 2005. The Biography Channel finished #1 in awareness, viewer ship and importance to the enjoyment of cable in the latest Beta Research Subscriber study of digital cable subscribers and can currently be viewed in
800,000 Canadian homes.
About Copper FoxCopper Fox is a Canadian-based mining company listed on the TSX-Venture Exchange (CUU). The Company's activities are focused exclusively on the Schaft Creek mineral property, one of the largest undeveloped copper, gold, molybdenum and silver deposits in Canada. Schaft Creek comprises 20,932 hectares situated in northwest British Columbia, Canada at 57� 21' N latitude and 130� 59' W longitude on the eastern slopes of the Coastal Mountain ranges. Schaft Creek is situated between the highway and the glaciers in the area, and benefits from a significantly lower average rain and snowfall compared to the Pacific (west) side of these same ranges.
On September 15, 2008 the Company released the results of its preliminary feasibility study on a 100,000 tonne p/d open pit mine based on a minable reserve of 812 million tonnes. The report indicated Schaft Creek could produce 4.762 billion pounds of Copper, 255.1 million pounds of molybdenum, 4.493 million ounces of gold and 32.480 million ounces of silver over a 22.6 year mine life with a pretax NPV of $2.764 billion discounted at 8%. The Company plans to proceed with the completion of a full feasibility study on this project.
For additional information contact: Investor inquiries: Jason Shepherd, Phoenix Communications Group Tel: 1-866-913-1910, E-mail:
investor@copperfoxmetals.comOn behalf of the Board of Directors
Guillermo Salazar S, President and 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.
Cautionary Note Regarding Forward-Looking InformationThis news release includes "forward-looking information" within the meaning of the Canadian securities laws. All statements, other than statements of historical fact, included herein and including, without limitation; anticipated dates for receipt, commencement or completion of permits, approvals, construction, production and other milestones; anticipated results of drilling programs, scoping, prefeasibility and feasibility studies and other analyses; anticipated availability and terms of future financings; estimated timing and amounts of future expenditures; Copper Fox's future production, operating and capital costs; operating or financial performance; geological interpretations and potential mineral recovery processes, are forward-looking statements. Information concerning mineral reserve and resource estimates also may be deemed to be forward-looking information in that it reflects a prediction of the mineralization that would be encountered if a mineral deposit were developed and mined. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, risks and contingencies. For any forward looking information given, management has assumed that the geological, metallurgical, engineering, financial and economic advice it has received is reliable, and is based upon practices and methodologies which are consistent with industry standards. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Important factors that could cause actual results to differ materially from Copper Fox's expectations include: fluctuations in copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for co-operation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs or in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Copper Fox's continuous disclosure filings with Canadian securities regulatory authorities at
www.sedar.com. The forward-looking information in this news release is based on Copper Fox's current expectations and Copper Fox assumes no obligations to update such information to reflect later events or developments, except as required by law.
You can also view this Media Coverage on our website at:
http://www.copperfoxmetals.com/s/NewsReleases.asp?ReportID=323265