CUU Copper Fox Metals Inc

Copper Fox Metals Inc. ('Copper Fox' or the 'Company') (TSX VENTURE:CUU) is
pleased to announce its first quarter operating and financial results. Copper
Fox had a net loss for the quarter of $182,095 ($0.00 income per share). The
Company also incurred $769,718 in expenditures toward furthering the development
of its Van Dyke copper project in Arizona. Copies of the financial statements,
notes and related management discussion and analysis may be obtained on SEDAR at
www.sedar.com, the Company web site at www.copperfoxmetals.com or by contacting
the Company directly. All amounts are in Canadian dollars unless otherwise
stated.


Highlights:

Schaft Creek Project

During the quarter, the results for the 2013 program were released. Although the
2013 field program completed fewer metres than planned, the objectives of the
2013 program were essentially achieved. The objectives of this program were to
determine if the mineralization in the Paramount zone continues to the east
under Mount LaCasse and to collect additional data for pit slope stability
studies. The diamond drilling program demonstrated that the mineralization in
the Paramount zone extends at least 300m east of the 2012 resource block model
and also marginally to the west. Results of the pit slope studies were also
positive.


The 2014 plans for the Schaft Creek project are currently under review and
should be finalized by the end of March 2014, well in advance of the time to
complete a field program. Preliminary indications are that the Operator of the
Schaft Creek Joint Venture plan to recommend a program of optimization studies
as well as a field program to update the geological model and better define
certain parameters of the Schaft Creek deposit.


Van Dyke Copper Project

During the quarter, the Company initiated a program to verify the historical
results from the Van Dyke oxide copper deposit that consists of a 5,000m
(approximately nine holes) diamond drilling program to twin seven historical
drill holes, as well as submitting pulps from original drill core samples and
splitting the mineralized core interval for certain historical drill holes.
Results of the analytical work is expected shortly.


The proposed verification drilling program covers an 800m wide by 500m long
section through the deposit. Applications for the various permits required to
conduct a diamond drilling program has commenced and selection of a diamond
drill contractor is complete. The drilling is expected to start in March 2014.


Sombrero Butte Copper Project

Desert Fox's objective on the Sombrero Butte project is to assess its potential
to host a large porphyry copper-molybdenum deposit. The results of the 2013
program were positive and identified the alteration pattern and veinlet and
disseminated copper-molybdenum mineralization characteristic of a porphyry
copper system. Currently, Desert Fox is collecting all the data from the
historical exploration conducted over this area since the mid 1960's. Contingent
on completion and review of this work, Desert Fox plans to complete a deep
penetrating geophysical survey (Induced Polarization) to identify
chargeability/resistivity anomalies indicative of porphyry copper systems. The
Company has received the permit from the State of Arizona to conduct the
Titan-24 Survey.


Selected Financial Results



----------------------------------------------------------------------------
                                                       Net (loss)/income per
                                      Net Loss     share - basic and diluted
----------------------------------------------------------------------------
2014                                                                        
First Quarter            $            (182,095)        $                0.00
2013                                                                        
Fourth Quarter           $            (636,715)        $                0.00
Third Quarter            $           3,117,445         $                0.01
Second Quarter           $            (697,664)        $                0.00
First Quarter            $            (525,595)        $                0.00
2012                                                                        
Fourth Quarter           $            (812,324)        $                0.00
Third Quarter            $          (1,328,328)        $                0.00
Second Quarter           $            (514,292)        $                0.00
----------------------------------------------------------------------------



Liquidity and Capital Resources

At January 31, 2014, the Company had working capital of $12,149,874, a deficit
of $16,017,886 and had a net loss of $182,095 for the three months ended January
31, 2014.


About Copper Fox

Copper Fox is a Canadian resource development company listed on the TSX-Venture
Exchange (TSX VENTURE:CUU) with offices in Calgary, Alberta and through its
wholly owned subsidiary Desert Fox, an office in Miami, Arizona.


Copper Fox holds a 25% interest in the Schaft Creek Joint Venture with Teck
Resources Limited ('Teck') on the Schaft Creek project in northwestern British
Columbia. On January 23, 2013, a National Instrument 43-101 technical report
(feasibility study) was completed on the Schaft Creek
copper-gold-molybdenum-silver project that recommended a 130,000 tonne per day
open pit mine with proven and probable reserves of 940.8 million tonnes grading
0.27% copper, 0.19 g/t gold, 0.018% molybdenum and 1.72 g/t silver with a 21
year mine life. The proven and probable reserves are estimated to contain 5.6
billion pounds of copper, 5.8 million ounces of gold, 363.5 million pounds of
molybdenum and 51.7 million ounces of silver.


In addition to its interest in the Schaft Creek Joint Venture, Copper Fox holds,
through Desert Fox Copper Inc. ('Desert Fox') and its wholly-owned subsidiaries,
the Sombrero Butte copper project located in the Bunker Hill District, Pinal
County, Arizona and the Van Dyke copper project located in the Globe-Miami
District, Gila County, Arizona immediately adjacent to the mining operations of
BHP Billiton and Freeport McMoRan copper mining operations. The Van Dyke oxide
copper deposit is reported to host a Historical Estimate of 112 million tonnes
grading 0.52% copper (approximately 1.2 billion pounds of copper at a 0.2%
copper cut-off). The historical data strongly suggests that the Van Dyke oxide
copper deposit could be exploited using in-situ leaching, a production method
widely used in the mining industry and currently being advanced and used on
other copper projects in Arizona. The Sombrero Butte copper project is located 9
miles east of the San Manuel Mine (14 billion pounds of copper), and 2 miles
south of Redhawk Resources' Copper Creek project (7 billion pounds of copper).


For further information on these mining projects please refer to the Company's
web site at www.copperfoxmetals.com.


On behalf of the Board of Directors

Elmer B. Stewart, President and Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. 


Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking statements" and "forward-looking
information" (collectively, "forward-looking information") within the meaning of
applicable securities laws. Forward-looking information is generally
identifiable by use of the words "believes," "may," "plans," "will,"
"anticipates," "intends," "budgets", "could", "estimates", "expects",
"forecasts", "projects" and similar expressions, and the negative of such
expressions. Forward-looking information in this MD&A includes statements about 


Desert Fox's future exploration/development activities as well as any equity or
working interest acquired in other significant copper projects in North America;
the utilization of unallocated cash to advance Arizona copper assets (with the
majority of effort on the Van Dyke oxide copper deposit); historical data on the
Van Dyke deposit; the efficacy of in-situ leaching method (with respect to the
environment, lower capital costs and low operating costs); Desert Fox's
objective (including timing) to complete the work required to prepare a
Preliminary Economic Assessment technical report on the Van Dyke project to
estimate a preliminary valuation; timing of the finalization of the 2014 plans
for the Schaft Creek project; the recommendation of a program of optimization
studies as well as a field program to update the geological model and better
define certain parameters of the Schaft Creek project; the program to verify the
historical results from the Van Dyke oxide copper deposit and the completion of
a NI 43-101 compliant resource estimation for the Van Dyke copper deposit;
collection of hydro geological and geotechnical data required for a Preliminary
Economic Assessment on the Van Dyke project; a follow-up 25 hole drilling
program for the Van Dyke deposit; timing of the expected drilling program on the
Van Dyke project; the upgrade of the Van Dyke historical estimate as a current
mineral resource; objective on the Sombrero Butte project to assess its
potential to host a large porphyry copper-molybdenum deposit; plans for a deep
penetrating geophysical survey (Induced Polarization) to identify
chargeability/resistivity anomalies indicative of porphyry copper systems at the
Sombrero Butte project; expected capital requirements to continue planned
activities; expected capital requirements to continue planned activities;
expected sources and the adequacy of required capital resources; geological
interpretations and potential mineral recovery processes. 


In connection with the forward-looking information contained in this News
Release, Copper Fox has made numerous assumptions, regarding, among other
things: the geological, metallurgical, engineering, financial and economic
advice that Copper Fox has received is reliable, and is based upon practices and
methodologies which are consistent with industry standards; and the continued
financing of Copper Fox and Desert Fox's operations. While Copper Fox considers
these assumptions to be reasonable, these assumptions are inherently subject to
significant uncertainties and contingencies. Additionally, there are known and
unknown risk factors which could cause Copper Fox's actual results, performance
or achievements to be materially different from any future results, performance
or achievements expressed or implied by the forward-looking information
contained herein. Known risk factors include: the Schaft Creek Joint Venture may
not result in a Production Decision being made, or the construction of a mine;
further exploration and development of the Schaft Creek property may not occur
as expected; cash payments to Copper Fox may not be paid by Teck in the quantum
or timing expected, or at all; financing commitments may not be sufficient to
advance the Schaft Creek project as expected, or at all; proven and probable
reserves at Schaft Creek may not be in the quantum as currently expected, or
result in economic mining thereof; the possibility that future obligations with
respect to the Sombrero Butte property may not be met on a timely basis, or at
all; planned activities for the Van Dyke and Sombrero Butte properties many not
commence as currently planned, or at all; a current (43-101 compliant) resource
estimate, and a Preliminary Economic Assessment may never be obtained by the
Company for the Van Dyke property; fluctuations in metal prices and currency
exchange rates; conditions in the financial markets and overall economy may
continue to deteriorate; uncertainties relating to interpretation of drill
results and the geology, continuity and grade of mineral deposits; uncertainty
of the metallurgical testwork; the uncertainty of the estimates of capital and
operating costs, recovery rates, and estimated economic return; the need to
obtain additional financing and uncertainty as to the availability and terms of
future financing; the possibility of delay in exploration or development
programs; and uncertainty of meeting anticipated program milestones.


A more complete discussion of the risks and uncertainties facing Copper Fox is
disclosed in Copper Fox's continuous disclosure filings with Canadian securities
regulatory authorities at www.sedar.com. All forward-looking information herein
is qualified in its entirety by this cautionary statement, and Copper Fox
disclaims any obligation to revise or update any such forward-looking
information or to publicly announce the result of any revisions to any of the
forward-looking information contained herein to reflect future results, events
or developments, except as required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Copper Fox Metals Inc.
Investor line
1-866-913-1910
www.copperfoxmetals.com

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