For best results when printing this announcement, please click on the linkbelow: https://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20111017:nCNWC4669aIP survey significantly expands potential and locates new zone at Schaft CreekCanada NewsWireVANCOUVER, Oct. 17, 2011VANCOUVER, Oct. 17, 2011 /CNW/ - Copper Fox Metals Inc. (TSX-Venture: CUU) isvery pleased to provide the results and interpretation of the Quantec Titan-24DCIP and MT geophysical survey, ("the Survey") completed during 2011on theSchaft Creek copper-gold-molybdenum-silver project located in Northwest BritishColumbia.Highlights:* The 3D solids model shows that a previously unknown chargeability anomalyexists west of the Liard zone. The last three samples in DDH-HAS16, a shallowhole, drilled into the top of this anomaly averaged 1.03% copper over a 10minterval,* The chargeability anomaly in the Paramount zone has been extended 1,800m tothe north and is between 400m and 1,000m wide,* The chargeability anomaly in the Mike zone has been extended 600m to the northand is between 500 and 600m wide,* The chargeability anomalies in the Mike zone and the Paramount zone appear todefine a circular feature, * The ES zone contains two moderate chargeability anomalies, one of whichcorresponds to the mineralized zone outlined on surface, and* Only the western portion of the GK zone could be surveyed due to terrainissues. A 1,000m long by 200m wide weak chargeability anomaly has been detectedalong the western side of the mineralized zone exposed on surface.Mr. Elmer Stewart, President of Copper Fox stated "The results of the Titan-24survey and the 3D modeling double the potential strike length of the Paramountzone and located four other chargeability targets. These chargeabilityanomalies, the favorable geology, two zones of mineralization in outcrop, thealteration exposed in outcrop and copper occurrences over a six kilometer strikelength support the concept of an emerging porphyry district. These targetsconsiderably upgrade the potential to locate another porphyry stylecopper-gold-molybdenum-silver deposit within the boundaries of the Schaft Creekproject. Subject to weather conditions, the testing of one or more of theseanomalies is expected to be completed before the end of the 2011 fieldprogram".Quantec Titan-24 DCIP and MT Survey:Quantec Geosciences Limited (Quantec) completed the Titan-24 DCIP&MT survey overan area extending from the north end of the Paramount zone to the ES zone (adistance of 3.0 kilometres) and an 800m long portion of the GK zone. The surveylines were spaced at 400m intervals. In order to better interpret thechargeability anomalies lithologies, sulphide content and metal grades obtainedfrom the diamond drilling (where possible) were used in the interpretation ofthe geophysical responses obtained by the Survey.To view the plan view of chargeability at 300m below surface and the3Dimensional solid chargeability model of the Titan-24 survey; go to the CopperFox website at www.copperfoxmetals.com. A brief discussion of the IP anomaliesdefined for each zone is presented below:Paramount Zone:The survey extended the zone of high chargeability (with corresponding lowresistivity) an additional distance of 1,800m to the north of the currentdrilling. This chargeability anomaly in conjunction with the high chargeabilityanomaly identified on the Mike Zone defines an interpreted circular feature thatcoincides with a large circular shaped resistivity low. The south side of thiscircular feature corresponds to the higher-grade zone ofcopper-gold-molybdenum-silver mineralization intersected by the drillingcompleted in 2010 and 2011. The northern side of this anomaly has not beentested by diamond drilling. This chargeability anomaly shows excellentcorrelation with the zone of argillic alteration within the Shaft Creek MineralTrend.Mike Zone:This zone of high chargeability anomaly that is approximately 1,000m long by500m wide and appears to be a separate anomaly that defines the northeastportion of the interpreted circular feature noted above. It appears that thisfeature is cut by several north-south oriented faults that exhibit a goodcorrelation with the 20km long, linear positive magnetic feature defined by theairborne magnetic survey completed in early 2011. This chargeability targetappears to be truncated by a strong northwest trending interpreted fault.ES Zone:Two moderate chargeability anomalies have been located on this zone. The firstanomaly (with associated moderate-strong resistivity) measures 600m long by 400mwide and correlates with the southern end of mineralized zone outlined onsurface. It appears that the extension of this anomaly was located on L4800N andextends to the north as an open anomaly. The 300m long area between these twozones of moderate chargeability in the first anomaly is characterized by lowchargeability possibly due to an interpreted northwest trending fault zone. Thesecond anomaly (with associated moderate-strong resistivity) is located 500m tothe west of the mineralized zone measures approximately 1,600m long and 500mwide and is interpreted to be the extension of the chargeability anomaly definedon the Paramount zone.GK Zone:Only a limited portion of this zone was surveyed by the Titan-24 system. Abroad zone (800m wide) of weak to locally moderate chargeability (associatedwith mixed low to moderate resistivity) was located at the interpreted southwestextension of the GK zone. The limited nature of the survey makes a thoroughinterpretation of this zone difficult. Additional surveying of this zone will berequired to provide a better interpretation of the chargeability anomaly and themineralized outcrop on surface.Quantec Titan-24 Survey Parameters:The Quantec Titan-24 DCIP and MT system is a State of the Art geophysical toolused to explore for copper mineralization. The Survey was completed on 10 linessurveyed by differential GPS instrumentation. Survey Sections were completed at100 m station intervals on 400 metre line spacing. Magneto telluric,Resistivity and Chargeability data were collected at 50 metres stations alongeach Section. The Titan-24 survey typically images DC resistivity to depths of500-750 m and the IP typically images to 500-750 m, in sub-vertical tabulargeologic settings and up to 50% more for sub-horizontal settings. The 3Dinversion of the DC and IP data was completed using the UBC3D inversion code andis shown as Null referenced and DC referenced chargeability. In several cases,not all of the line could be surveyed due to hazardous terrain conditions. A 10mRad contour on the UBC smoothed, Null Referenced pseudo-section was used todetermine anomalous chargeability.Elmer B. Stewart, MSc. P. Geol., President of Copper Fox, is the Corporation'snominated Qualified Person pursuant to National Instrument 43-101, Standards forDisclosure for Mineral Projects, has reviewed the technical informationdisclosed in this news release.About Copper FoxCopper Fox is a Canadian based resource company listed on the TSX-VentureExchange (CUU-TSX-V). Copper Fox was recently recognized by TSX Venture ExchangeInc. as a member of the distinguished TSX Venture 50 group where it had thedistinction of being ranked first overall for 2010.The Company is working on completing a feasibility study on the Schaft Creekdeposit, one of the largest undeveloped copper, gold, silver and molybdenumdeposits in North America. The feasibility study is being led by Wardrop, ATetra Tech Company on a minimum 120,000 tpd open pit mine and is expected to becompleted during the fourth quarter 2011.Copper Fox holds title and a 100% working interest in a contiguous 21,024.96hectare (51,954 acre) property which includes the Schaft Creek deposit subjectto certain royalty agreements, a 30% carried interest held by Liard Copper andan earn back option held by Teck Resources Limited ("Teck"). Copper Fox iscurrently earning a 78% interest in Liard Copper from Teck. Teck's earn backoption to acquire 20%, 40% or 75% of the Copper Fox interest in the Schaft Creekproject is triggered upon completion of a positive feasibility study. ShouldTeck elect to exercise its option for 75% they are required to fund subsequentproperty expenditures up to a total of 400% of those incurred by Copper Fox($63.6 million as of July 31, 2011) and arrange for project financing, includingthe Copper Fox portion. For full details of the option please refer to theCompany's website www.copperfoxmetals.com.In March 2011, the Company acquired mineral claims located adjacent to theSchaft Creek property totalling 2,978.32 hectares (7,360 acres) (the "March 2011Mineral Claims") which are subject to a 2% Net Smelter Return ("NSR"). CopperFox has the option to repurchase, at any time, one-half of the NSR on the March2011 Mineral Claims for a total purchase price of $3 million. In September 2011,the Company acquired mineral claims located adjacent to the Schaft Creekproperty totalling 6,115.11 hectares (15,111 acres) (the "September 2011 MineralClaims") which are subject to a 2% NSR. Copper Fox has the option to repurchase,at any time, one-half of the NSR on the September 2011 Mineral Claims for apurchase price of $1 million. The March 2011 Mineral Claims and the September2011 Mineral Claims are subject to inclusion with the Schaft Creek project underthe terms of the Area of Interest provisions of the Teck Option Agreement.Additionally Copper Fox holds mineral claims totaling 3,947.06 hectares (9,753acres) in the Liard Mining District of BC not subject to the Teck earn-back.*United States investors are advised that current Mineral Resources are notcurrent Mineral Reserves and do not have demonstrated economic viability. Allfigures are rounded to reflect the relative accuracy of the estimate and inkeeping with "best practice principals".On behalf of the Board of DirectorsElmer B. StewartPresident & Chief Executive OfficerNeither TSX Venture Exchange nor its Regulation Services Provider (as that termis defined in the policies of the TSX Venture Exchange) accepts responsibilityfor the adequacy or accuracy of this release.Cautionary Note Regarding Forward-Looking InformationThis news release contains "forward-looking information" within the meaning ofthe Canadian securities laws. Forward-looking information is generallyidentifiable by use of the words "believes," "may," "plans," "will,""anticipates," "intends," "budgets", "could", "estimates", "expects","forecasts", "projects" and similar expressions, and the negative of suchexpressions. Forward-looking information in this news release includestatements about statements about the interpretation of the results of theQuantec Titan-24 DCIP and MT survey, the dimensions and interpretations of theIP anomalies, the correlation of the Titan-24 DCIP and MT survey with themineralized zones at the Schaft Creek deposit, anticipated timing and results ofthe current drilling program mineralization and the potential to find anotherdeposit to the north of the Schaft Creek deposit; the length of the interpretedSchaft Creek mineralized trend; the timing and scope of the feasibility studyfor the Schaft Creek project; estimated timing and amounts of futureexpenditures and "earn-back" options.In connection with the forward-looking information contained in this newsrelease, Copper Fox has made numerous assumptions, regarding, among otherthings: While Copper Fox considers these assumptions to be reasonable, theseassumptions are inherently subject to significant uncertainties andcontingencies. Additionally, there are known and unknown risk factors whichcould cause Copper Fox's actual results, performance or achievements to bematerially different from any future results, performance or achievementsexpressed or implied by the forward-looking information contained herein. Knownrisk factors include, among others: the interpreted extension that hosts theSchaft Creek deposit may not extend into the recently acquired mineral tenures;another deposit may never be discovered to the north of the Schaft Creekdeposit; the recently acquired mineral claims may not contain anticipatedmineralization, or mineralization of any significance at all; the updatedresource estimate may not be completed as anticipated; the Feasibility Study maynot be completed within the contemplated time frame, or at all; the possibilitythat the analytical results from the core sampling does not return significantgrades of copper mineralization; the possibility that future drilling on theSchaft Creek project may not occur on a timely basis, or at all; fluctuations incopper and other commodity prices and currency exchange rates; uncertaintiesrelating to interpretation of drill results and the geology, continuity andgrade of mineral deposits; uncertainty of estimates of capital and operatingcosts, recovery rates, and estimated economic return; the need to obtainadditional financing to develop properties and uncertainty as to theavailability and terms of future financing; the possibility of delay inexploration or development programs or in construction projects and uncertaintyof meeting anticipated program milestones; uncertainty as to timely availabilityof permits and other governmental approvalsA more complete discussion of the risks and uncertainties facing Copper Fox isdisclosed in Copper Fox's continuous disclosure filings with Canadian securitiesregulatory authorities at www.sedar.com. All forward-looking information hereinis qualified in its entirety by this cautionary statement, and Copper Foxdisclaims any obligation to revise or update any such forward-lookinginformation or to publicly announce the result of any revisions to any of theforward-looking information contained herein to reflect future results, eventsor developments, except as required by law.