Copper Fox Metals Inc. provided the analytical results for the ten (10) geotechnical drillholes completed at the Schaft Creek project in 2023. The Schaft Creek project is managed through the Schaft Creek Joint Venture (?SCJV?). Teck Resources Limited (?Teck?) is the Operator of the SCJV and holds a 75% interest with Copper Fox holding the remaining 25% interest.

The Schaft Creek deposit, located in northwestern British Columbia, is one of the largest undeveloped porphyry copper deposits in North America that contains significant gold-molybdenum-silver by-products. In 2023, the SCJV approved a CAD 17.2 million budget to advance key project activities including the collection of geotechnical, metallurgical, engineering, and environmental data and community engagement. The geotechnical drillholes were designed to collect geotechnical, downhole geophysical, structural, and hydrogeological data to be used to generate deposit scale hydrogeological and slope stability models.

Five of the ten geotechnical drillholes intersected significant intervals of mineralization. Highlights and analytical results for the geotechnical drilling program: Eight of the ten geotechnical drillholes (totaling 3,288m) were completed along the east side of the Paramount zone referred to as the `highwall'. Five of the eight geotechnical drillholes completed along the highwall portion of the Paramount zone intersected significant intervals of porphyry style copper-molybdenum-gold-silver mineralization.

Analytical highlights include DDH SCK-23-468, located in the Paramount zone intersecting: From 295.10 to 461.50m; a core interval of 166.40m that averaged 0.308% copper, 0.019% molybdenum, 0.117 g/t gold and 0.82g/t silver that included a 33.68m interval (427.82 to 461.50m) that averaged 0.602% copper, 0.033% molybdenum, 0.228g/t gold and 1.28 g/t silver, and From 481.80 to 687.94m a core interval of 206.14m that averaged 0.494% copper, 0.029% molybdenum, 0.282g/t gold and 1.79g/t silver that included a 90.70m core interval (481.80 to 572.50m) that averaged 0.710 % copper, 0.042% molybdenum, 0.305 g/t gold and 2.09 g/t silver. Geotechnical drilling intersected from surface to a core depth of 180m, a zone of intensely fractured and broken rock. Additional surveys completed as part of the geotechnical program included down hole geophysical surveys (2,327m) in five holes and packer tests and installation of Vibrating Wire Piezometers for hydrogeological testing purposes.

A Pit Slope Stability study is in progress, the results of which will be reported when completed. Analytical Results from 2023 Geotechnical Drilling Program: Five of the eight geotechnical drillholes completed along the highwall portion of the Paramount zone intersected porphyry style mineralization. The mineralized intervals reported in this news release were calculated using a 0.10% copper equivalent (CuEq) cut-off grade.

Samples lower than the 0.10% CuEq cut-off were included in the weighted average interval provided that the sample interval below the cut-off did not exceed 10.0m in core length. Discussion of Mineralized Drill Hole Results: DDH SCK-23-461 was drilled to the east and is located on the edge of the proposed five-year pit set out in the 2021 Preliminary Economic Assessment. The hole intersected low-grade mineralization that demonstrates continuity of the mineralization between two widely spaced historical drillholes.

DDH SCK-23-462 was drilled to the west and intersected significant mineralization at surface that continued to a core depth of 312.00m averaging 0.228% CuEq. DDH SCK-23-463 was drilled to the east and is located upslope of DDH SCK-23-462. This hole intersected three intervals of mineralization that suggests continuity of the mineralization in the Paramount zone to the east into the highwall.

DDH SCK-23-465 was drilled to the west and is located at the same drill collar as DDH SCK-23-464. This hole was completed to a core depth of 390.15m and intersected several narrow intervals of low-grade mineralization at the bottom of the drillhole. The mineralized intervals occur within a broad area of extensive core loss.

DDH SCK-23-468 was drilled to the west and intersected a broad interval of mineralization from 295.10 to 687.94m. The mineralized interval was split into two intervals for reporting purposes due to the 100% loss of core in the interval from 461.50 to 481.80m. The higher-grade mineralization at the bottom of the upper mineralized zone (461.50m) and the start of the lower interval (481.80m) suggests continuity of the mineralization between the two intervals.

The positioning of the mineralized interval suggests an extension of the mineralization in this portion of the Paramount zone to the east by approximately 60m. Diamond Drilling and Sampling Procedures: The diamond drilling was completed using PQ and HQ diameter core. Overall core recovery was estimated to be greater than 90%.

After cutting with a diamond saw, one half of the core was collected for sample preparation and analysis and the other half was retained for future reference. Sample intervals were selected to not cross major lithological or hydrothermal alteration changes and ranged from 1.0 to 2.54m in length, with most intervals being an average of 2.0m. A total of 1,234 core samples analyzed at ALS Canada Ltd.(?ALS?) located in Vancouver, British Columbia are reported in this news release.

Base metal and silver concentrations were determined by ALS MEMS61 package and a 4-acid digestion. Gold concentrations were determined using ALS Au_ICP21 package. ALS has a 9001:2008 International Standard Organization rating.

ALS has an ISO/IEC 17025:2017 UKAS (ref 4028) accreditation.