Copper Fox Metals Inc. (TSX-V: CUU) is pleased to announce that it has closed its previously announced non-brokered private placement for a total of 4,286,000 shares at a price of $0.60 per Share for aggregate gross proceeds of $2,571,600. There were no finder’s fees paid in this private placement. In accordance with applicable securities legislation, securities issued pursuant to the Offering are subject to a hold period of four months plus one day from the date of the completion of the Offering.

With the closing of this financing, Copper Fox has raised over $5.5 million in 2026 to advance its portfolio of copper projects in Arizona and British Columbia. With Pre-Production Costs at Schaft Creek fully carried by our joint venture partner Teck Resources Limited, the net proceeds raised from the Offering will be used to continue exploration and development activities on Copper Fox’s 100% owned projects. Work continues on the updated Preliminary Economic Assessment for our Van Dyke ISCR project, along with exploration activities at our Mineral Mountain and Sombrero Butte porphyry copper projects located in the prolific Laramide copper province in Arizona. With the recent receipt of the five-year Multi-Year Area Based exploration permit for the Eaglehead project, it allows Copper Fox the ability to complete early works in preparation for a possible 2027 exploration program. The net proceeds will also be used for general corporate and administrative purposes of the Company.

The Offering included subscriptions by four insiders of the Company totalling 3,140,000 Shares. Mr. Ernesto Echavarria, a director, insider and a control person of the Company (as defined by the policies of the TSX Venture Exchange) purchased 3,000,000 Shares.

Subscriptions completed by insiders in the Offering, including the subscription by Mr. Echavarria, constituted a “Related Party Transaction” under Policy 5.9 of the TSX Venture Exchange which adopts Multilateral Instrument 61-101 as a policy of the TSX Venture Exchange. In completing such transactions, Copper Fox relied on the applicable exemptions from the valuation requirement and minority security holder approval requirements available under Sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that the participation in the private placement by insiders did not exceed 25% of the Company’s market capitalization. The Company did not file a material change report at least 21 days prior to the completion of the Offering, as the details of the related party participation were not determined at that time, allowing the Company to complete the Offering, which it considers reasonable under the circumstances.

About Copper Fox

Copper Fox is a Canadian resource company focused on copper development and exploration in the United States and Canada. Copper Fox and its subsidiaries own 100% of the Van Dyke ISCR project, a development stage, potential near term, mid-size copper mine in Arizona and a 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited (75% interest and Operator) which hosts the Schaft Creek copper-gold-molybdenum-silver project in British Columbia’s Golden Triangle. In addition, Copper Fox owns 100% of the resource stage Eaglehead polymetallic porphyry copper project in northwestern British Columbia and the Sombrero Butte and Mineral Mountain advanced exploration stage porphyry copper projects located in the prolific Laramide age copper province in Arizona.