COPPER FOX ANNOUNCES the Closing of a $1,500,000 Financing by an Insider

COPPER FOX ANNOUNCES the Closing of a $1,500,000 Financing by an Insider 
VANCOUVER, Jan. 22, 2013 /CNW/ - Copper Fox Metals Inc. ("Copper Fox" or the 
"Company") (TSXV: CUU) is pleased to announce the closing of a financing by an 
insider for proceeds of $1,500,000 (the "Financing"). 
The Financing consisted of the issuance of 1,764,706 units at a purchase price 
of $0.85 per unit, for aggregate net proceeds of $1,500,000. Each unit 
consists of one common share of Copper Fox 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 
PMJanuary 22, 2014. 
Monies raised from the Offering will be used to fund costs associated with the 
Environmental Assessment Application and general operating expenses. 
In accordance with applicable securities legislation, securities issued 
pursuant to the Financing are subject to a hold period of four months plus one 
day from the date of completing the Financing. 
No fees or commissions were paid as part of this transaction. 
About Copper Fox 
Copper Fox is a Canadian-based resource development company listed on the TSX 
Venture Exchange (TSXV: 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 tenures obtained by Copper Fox 
within 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 and 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 statements about the use of proceeds for the recently 
completed Private Placement; 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 potential mineralization in the Schaft Creek deposit; 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 use the proceeds from the recently closed 
Private Placement as disclosed herein; 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; a detailed mine plan may not be 
completed in a timely manner, or 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; 
conditions in the financial markets and overall economy may continue to 
deteriorate; uncertainties relating to interpretation of drill results and the 
geology, continuity and grade of mineral deposits; uncertainty of the 
metallurgical testwork, 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. 
Investor line 1-866-913-1910 or J. Michael Smith, EVP, at  1-604-689-5080. 
SOURCE: Copper Fox Metals Inc. 
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CO: Copper Fox Metals Inc.
ST: British Columbia
NI: MNG LOAN MNA NEWSTK  
-0- Jan/22/2013 17:58 GMT
 
 
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