Copper Fox Metals Inc

MINERAL EXPLORATION COMPANY

COPPER FOX METALS

Copper Fox Metals Inc.

650-340 12 Ave. SW, Calgary, AB T2R 1L5

copperfoxmetals.com

Below: Eaglehead location map.

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6510000 PROPERTY LOCATION & ACQUISITION DATE

Eaglehead, 52 km east of Dease Lake, was acquired in April 2021. Schaft Creek, 60 km south to Telegraph Creek, Option Agreement with Teck Resources Limited (Teck) in 2005 followed up with a joint venture (Schaft Creek Joint Venture, "SCJV") in July 2013.

PROJECT ACTIVITIES IN THE 2021 SEASON

Eaglehead – 21.6-line km of IP survey, 21.8 km of brushing, relogging and sampling of historical drill core, established water sampling location points. Schaft Creek – 3,500 metres of drilling.

COMPANY OVERVIEW & UPDATE

Any successes or challenges you’d like to share?

Successes – Eaglehead – The relogging program at Eaglehead went smoothly and provided further insight to the extent of the mineralized footprint on the property. Data collected from a portion of the IP program also improved our understanding of the chargeability characteristics at Eaglehead. Schaft Creek – Teck completed 835 metres of a planned 3,500 metres drilling program.

Challenges – Weather presented a challenge towards the end of the season for both projects resulting in deteriorating conditions to the point where it became unsafe to continue. Equipment failures and performance issues during the IP survey were a factor at Eaglehead that lead to early termination of the program as well.

Number of employees working on your project(s)?

Three for Eaglehead and one of the three for Schaft Creek.

Where does the majority of your financing come from year to year? What’s the breakdown of who owns your company and what’s your company’s market cap?

Existing shareholders of the company, either by participating in private placements or exercising with warrants from previous private placements. Copper Fox is a publicly traded company and currently the management and board of directors of the company own 58% of the common shares with the remaining 42% held by 4,000 shareholders. Market cap is currently $141 million.

491000 541000 Tentative plans and hopes for the 2022 season?

Eaglehead – We are planning to complete ~2,500 metres ^ _Project Location of drilling and potentially extend the geophysical grid out towards the far east zone. Schaft Creek – The 2022 program has not been presented to Copper Fox from Sources: National Geographic, Esri, DeLorme, HERE, UNEP-WCMC, USGS, NASA, ESA, METI, NRCAN, GEBCO, NOAA, increment P Corp. the Operator (Teck). The 2022 program is expected to Location of the be delivered around the end of February 2022.Eaglehead Exploration Site

RELATIONSHIP WITH THE TCG & TAHLTAN NATION

6460000 Dease Lake

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Eaglehead Project

Map ID: GE-Eagle-012 Basemap Sources: National Geographic, Esri, DeLorme, HERE, UNEP-WCMC, USGS, NASA, ESA, METI, NRCAN, GEBCO, NOAA, increment P Corp. Kutcho Exploration Project

During the 2021 season, what involvement did TCG personnel and departments have with your company? If they were not involved, why not?

Eaglehead – The TCG provided insight and consult, specifically the Employment & Contracting

Department, regarding contractors for 2021. 1:575,000 0 Eaglehead and Schaft Creek news releases are 10 20 forwarded to TCG Management which keeps them Kilometres

Coordinate System:

NAD 1983 CSRS BC Environment Albers apprised of our activities.

In 2021, how many Tahltans did you employ? What positions did they hold in your company and what percentage of Tahltans did you employ compared to others?

Eaglehead engaged a Tahltan company, Metsantan Development Corporation to provide camp maintenance, head cook and cooks helper for the 2021 season. Metsantan Development Corporation provided 34% of the 2021 person days.

What employment opportunities, now and in the future, are available to Tahltan members?

We need skilled geological technicians and core cutters, preparatory line cutting may also be needed for more IP work on the Eaglehead project as well as camp support. As for Schaft Creek, Teck will need to provide this information.

Why should Tahltan members want to work for you?

Copper Fox encourages Tahltan members to apply at both our Eaglehead and Schaft Creek projects. We have built a strong cultural and social relationship with the Tahltan Nation since 2005 and Copper Fox wishes to continue and further strengthen this partnership. We are excited to once again be an operator (Eaglehead) in Tahltan Territory and look forward to working with Tahltan members as the company strongly believes that communication and community participation are beneficial to both the company and Tahltan Nation. The mineral exploration industry requires a variety of skilled and general labour workers and we believe our projects can provide opportunities to Tahltan members interested in working in the industry, including onsite training.

Did you have any Tahltan contractors working for your company? What percentage of your contracting dollars went to Tahltan companies, including TNDC and their joint ventures?

Yes. Eaglehead – Metsantan Development Corporation (Dina Quock). 27% of contracting dollars went to Metsantan. Schaft Creek – Teck to provide this information.

Top-Right: Fuel drop from A-Star B2 this morning before mobilizing crews.

Right: Cutters clearing a line for IP grid transmitters.

Do you have any outside contractors working for you? If so, who are they? Who were the primary contractors you utilized? Do they offer employment opportunities to Tahltan members?

Eaglehead – Quantec Geoscience (146 Sparks Ave., Toronto, ON). They may have a need for a helper to assist with carrying and dispersing IP survey equipment.

CJL Enterprises (3155 Tatlow Rd., Smithers, BC). In conjunction with Metsantan Development Corporation were the primary contractors used in 2021. Positions available were cook/cook's helper, line cutter/saw help, maintenance and general labour positions.

Anything else you would like to share with the Tahltan Nation?

As stated above Copper Fox would like to encourage any Tahltan members with a desire to learn a career in the mineral exploration industry to contact us. Contractors in the industry are always looking for reliable expediting/ core cutting/camp management/drilling/cooking/ catering and first aid/CSO personnel and should any Tahltan members wish to work at any of our projects we strongly encourage them to reach out. CONTACTS

GENERAL INQUIRIES

Lynn Ball

Office Manager 403 264 2820 lynn.ball @copperfoxmetals.com

LEADERSHIP

Elmer Stewart

President and CEO 403 264 2820 elmerbstewart @copperfoxmetals.com

CONTRACTING, EMPLOYMENT & ENVIRONMENT

Josh Morales

Project Geologist 403 264 2820 josh.morales @copperfoxmetals.com