Copper Fox Announces a $1,500,000 Private Placement Unit Offering, Insider commits to 100% Participation

Copper Fox Announces a $1,500,000 Private Placement Unit Offering, Insider 
commits to 100% Participation 
VANCOUVER, Jan. 16, 2013 /CNW/ - Copper Fox Metals Inc. ("Copper Fox" or the 
"Company") (TSX-V: CUU) is pleased to announce that subject to the approval of 
the TSX-Venture Exchange, the Company intends to complete a non-brokered 
private placement to raise up to CDN $1,500,000 (the 'Offering'). The 
Offering is expected to consist of 1,764,706 units at a purchase price of $.85 
per unit, for aggregate gross proceeds of $1,500,000. Each unit consists of 
one common share and one common share purchase warrant of Copper Fox. Each 
warrant entitles the holder thereof to acquire one common share of Copper Fox 
at an exercise price of CDN$1.00 prior to 5:00 pm on the one year anniversary 
of the closing date of the Offering. 
Mr. Ernesto Echavarria, a Director, insider and control person of Copper Fox 
as defined by the policies of the TSX-Venture Exchange, has committed to 
participating in 100% of the Offering. 
Monies raised from the Offering will be used to fund costs associated with the 
Environmental Assessment Application process, the Schaft Creek Feasibility 
Study and general operating expenses. 
About Copper Fox 
Copper Fox is a Canadian-based resource development company listed on the TSX 
Venture Exchange (TSX-V: CUU) with a corporate office in Calgary, AB and an 
operations office in Vancouver, BC. Its major asset is the Schaft Creek 
copper, gold, molybdenum and silver deposit located in northwestern British 
Columbia, Canada for which a positive Feasibility Study was recently completed. 
Copper Fox holds title and a 100% working interest in the Schaft Creek project 
consisting of 55,779.56 hectares (137,834 acres). Included in this total are 
the "Schedule A" mineral tenures originally conveyed to Copper Fox pursuant to 
the Teck Option Agreement, which consist of 8,334.34 hectares (20,594 acres). 
The "Schedule A" mineral tenures are subject to a 3.5% Net Profits Interest 
held by Royal Gold, Inc., a 30% carried Net Proceeds Interest held by Liard 
and, together with the additional mineral tenuresobtained by Copper 
Foxwithin the "Area of Interest" provided for in the Teck Option Agreement, 
an earn back option held by Teck. On completion of the Feasibility Study, 
Copper Fox earns Teck's 78% interest in Liard. Teck's earn back option to 
acquire either, 20%, 40% or 75%, of Copper Fox's interest in the Schaft Creek 
Project is triggered upon delivery of a "Positive Bankable Feasibility Study" 
(as defined) to Teck after which they have 120 days to make a decision. Should 
Teck elect to exercise its option for 75%, Teck is required to fund subsequent 
property expenditures up to a total of 400% of those incurred by Copper Fox 
($84.3 million to July 31, 2012) and use its best efforts to arrange for 
project financing, including the Copper Fox portion. For full details of the 
Teck earn back option please refer to the Company's website 
www.copperfoxmetals.com. 
The remainder of Copper Fox's registered interests in mineral tenures in 
British Columbia total 47,445.22 hectares (117,240 acres). These interests 
have been acquired by Copper Fox through mineral tenure acquisitions and 
mineral tenure purchase agreements subsequent to Copper Fox entering into the 
Teck Option Agreement. Certain portions of these registered mineral tenures 
are subject to inclusion within the Schaft Creek Project pursuant to the terms 
of the "Area of Interest" provision of the Teck Option Agreement. 
Additionally the Company holds, through wholly-owned subsidiaries, mineral 
tenures located in Pinal County, Arizona (the 'Sombrero Butte Copper Project') 
and in Miami, Arizona (the 'Van Dyke BLM Claims'). 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 & 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 information" within the meaning of 
the Canadian 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 news release includes 
statements about the intention to complete a CAD$1,500,000 Private Placement 
Unit Offering; potential existence and size of mineralization within the 
Schaft Creek project; estimated timing and amounts of future expenditures and 
"earn-back" options; 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. 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, among others: Copper Fox may not complete a $1,500,000 
Private Placement Unit Offering on the terms contemplated, or at all; the 
actual mineralization in the Schaft Creek deposit may not be as favourable as 
suggested; another deposit may never be discovered on Copper Fox's property, 
or contain anticipated mineralization, or mineralization of any significance 
at all; the possibility that future drilling on the Schaft Creek project may 
not occur on a timely basis, or at all; fluctuations in copper, the completed 
drill holes for which analytical results are not available may not return 
significant concentrations of either copper, gold, molybdenum or silver; 
commodity prices and currency exchange rates; uncertainties relating to 
interpretation of drill results and the geology, continuity and grade of 
mineral deposits; the uncertainty of the estimates of capital and operating 
costs, recovery rates, and estimated economic return; the need to obtain 
additional financing to develop properties and uncertainty as to the 
availability and terms of future financing; the possibility of delay in 
exploration or development programs or in construction projects and 
uncertainty of meeting anticipated program milestones; uncertainty as to 
timely availability of permits and other governmental approvals. 
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. 
contact: Investor line 1-866-913-1910 or J. Michael Smith, EVP, at  
1-604-689-5080. 
SOURCE: Copper Fox Metals Inc. 
To view this news release in HTML formatting, please use the following URL: 
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CO: Copper Fox Metals Inc.
ST: British Columbia
NI: MNG PVT NEWSTK LOAN MNA  
-0- Jan/16/2013 19:41 GMT
 
 
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