Copper Fox Metals Inc. provided an overview of project activities including the Schaft Creek project. The Schaft Creek project is managed through the Schaft Creek Joint Venture ("SCJV") where Teck Resources Limited is the Operator of the SCJV holding a 75% interest with Copper Fox holding the remaining 25% interest. The Schaft Creek copper-gold-molybdenum-silver deposit, located in northwestern British Columbia, is one of the largest undeveloped porphyry copper deposits in North America.

The Schaft Creek program budgeted at $17.2 million is fully funded by Teck, pursuant to the SCJV Agreement. Schaft Creek. The SCJV completed the 2023 field program in October.

The multi-faceted program focused on geotechnical drilling to improve the pit design, life of mine strip ratio, and hydrogeological model of the proposed mine site. The metallurgical portion of the program is designed to better inform metal recoveries, process, comminution, concentrate quality and tailings characterization. On successful completion of these activities, six hydrogeological monitoring and three water sampling stations would have been established to allow collection of hydrogeological data and sampling to monitor changes in water quality over time.

Eaglehead. The 2023 pit constrained mineral resource estimation on the Eaglehead project outlined an "at surface" deposit and resulted in a combination of Indicated and Inferred resources. This resource estimate demonstrated a significant increase in tonnes and copper-gold-molyssdenum-silver content and the open-ended nature of the mineralization.

The study also indicated that approximately 50% of the chargeability anomaly (both laterally and horizontally) hosting the mineralization in the Bornite and East zones has been tested by drilling. The deep penetrating geophysical survey in combination with lithology, alteration and copper-molybdenum mineralization identified a near surface drill target that measures approximately 1,200 meters ('m') by 900 m within a deeper, northeast trending open-ended positive (>18mrad) chargeability/resistivity anomaly measuring approximately 3,200 m by 1,200 m. The result of the geophysical survey suggests that the porphyry footprint could extend up to 3,000 m to the northeast into an area hosting several Laramide age quartz monzonite and granodioritic stocks and dikes containing porphyry style mineralization in oxidized, leached, quartz veins and veinlets. To protect the interpreted extension of the porphyry footprint, 80 additional BLM mining claims, and one Arizona Exploration Permit (610.5 ha) has been acquired along the northeast portion of the project.ombrero Butte.

Interpretation of the results of the 2023 hyperspectral survey and incorporation of these results into the project database is ongoing. Results of the compilation will be announced when completed. Corporate.

The Company formed a new wholly owned subsidiary, Desert Fox Mineral Mountain Co., in May to hold its interest in the Mineral Mountain project. The Company is currently assessing its Investor Relations plans which will be announced when finalized. Known risk factors include among others: the results of the 2023 Schaft Creek program may not yield the expected result; the mineral solubility/mineralogically testwork may not be accurate and the proposed activities at Van Dyke may not be completed as planned or at all; the interpretation of the geophysical survey results at Mineral Mountain may not be accurate; the chargeability/mineralogically test work at Mineral Mountain may not be accuracy; the chargeability/min mineralization at Mineral Mountain may not be reliable; the chargeability/min Mineral Mountain may not be accurate.