SCHAFT CREEK PROJECT. Moving A Giant Porphyry Deposit Towards Production TSX.V:CUU OCTOBER February 2012

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1 SCHAFT CREEK PROJECT Moving A Giant Porphyry Deposit Towards Production February 2012 OCTOBER 2011

2 FORWARD LOOKING STATEMENT This presentation includes forward-looking information within the meaning of the Canadian securities laws. Statements, other than statements of historical fact, may constitute forward-looking information and include, without limitation: anticipated timing and content of upcoming work programs, geological interpretations, receipt of property titles, and potential mineral recovery processes, anticipated dates for receipt of permits, approvals and other milestones, anticipated results of drilling programs, feasibility studies and other analyses, anticipated availability and terms of future financing; future production, operating and capital costs; and operating or financial performance. Information concerning mineral reserve and resource estimates also may be deemed to be forward-looking information in that it reflects a predication of the mineralization that would be encountered if a mineral deposit were developed and mined. For any forward-looking information given, management has assumed that the assay results it has received are reliable, and has applied geological interpretation methodologies which are consistent with industry standards. Forward-looking information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Important factors that could cause actual results to differ materially from management s expectations include: fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for co-operation of government agencies in the exploration and development of properties and the issuance of required permits; 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; and other risks and uncertainties disclosed in the company s other filings with Canadian securities regulatory authorities at The forward-looking information in this presentation is based on management s current expectations and Copper Fox assumes no obligations to update such information to reflect later events or developments, except as required by law. On July 26, 2011 AMEC Americas Limited ( AMEC ) completed an Updated Resource Estimate for the Schaft Creek Project, which is contained in a NI technical report. The AMEC technical report supercedes the Resource and Reserve Estimates set out in the technical report referred to as the Preliminary Feasibility Study. Copper Fox is currently working on the feasibility study for the Schaft Creek Project and there is no certainty that results of the Preliminary Feasibility Study will be realized. Until the feasibility study is completed, there are no current mineral reserves for the Schaft Creek Project. Readers are cautioned that actual results on the Schaft Creek Project may differ materially from the Preliminary Feasibility Study. For a more complete discussion of the risk and uncertainties facing Copper Fox, please refer to Copper Fox s continuous disclosure filings with the Canadian securities regulators at Mr. Elmer Stewart, the President of Copper Fox is Copper Fox s Qualified Person and has reviewed and prepared the disclosure contained in this presentation.

3 WHAT IS COPPER FOX? Copper Fox is a Canadian based resource company listed on the Toronto Stock Exchange Venture (CUU) focused on developing the Giant Porphyry Copper, Gold Molybdenum & Silver Schaft Creek mineral deposit Copper Fox acquired title to the Schaft Creek deposit from Teck Resources Limited, the largest integrated mining company in Canada, who have an earn back option on the project Copper Fox achieved an important milestone in the development of the project with the release of an Updated Resource Estimate, prepared by AMEC Americas Limited Copper Fox retained Tetra Tech WEI Inc. to complete the feasibility study and it is expected to be completed during the 1 st quarter of 2012

4 COPPER FOX 2011 ACTIVITIES Purchased mineral claims located adjacent to the Schaft Creek property totaling 9, hectares which host two large zones of copper-gold mineralization in outcrop Received confirmation from the BC Environmental Assessment Office and the Canadian Environmental Assessment Agency that its Application Information Requirements (AIR) for the proposed Schaft Creek mine has been approved Acquired a direct minority interest in Liard Copper, which holds a 30% Net Proceeds Interest in the Schaft Creek Project Secured shipping requirements for storage and loading of concentrate received from the proposed Schaft Creek mine through the Port of Stewart, British Columbia Completed a drill program (9,660 metres), a High Resolution Aeromagnetic Survey and a Titan-24 Geophysical Survey to expand the resource and explore targets Completed an Updated Resource Estimate Advanced feasibility study - projected completion - 1 st quarter 2012

5 MINERAL RESOURCE ESTIMATE RESOURCE CATEGORY MINERAL RESOURCE ESTIMATE SCHAFT CREEK DEPOSIT (DAVID THOMAS P. GEO., EFFECTIVE DATE: MAY 1, 2011) TONNAGE COPPER MOLYBDENUM GOLD Cu Eq. CONTAINED METAL (MILLION TONNES) (%) (%) G/T (%) Cu (MLBS) Mo (MLBS) Au (MOZ) MEASURED INDICATED , MEASURED AND INDICATED 1, , INFERRED , MLBS = POUNDS EXPRESSED IN MILLIONS MOZ = OUNCES EXPRESSED IN MILLION Cu Eq. = COPPER EQUIVALENT GRADE *The copper equivalent ( Cu Eq. ) cut-off calculation is based on metal prices of 1,200 $/oz gold, 2.95 $/lb of copper and $/lb of molybdenum, a mining cost of $1.35 $/t mined and a processing cost of 5.12 $/t milled. The Mineral Resource is reported at a cut-off grade of 0.20 % Cu Eq. contained within a Lerchs-Grossman resource pit shell optimized on copper, gold and molybdenum grades. The contained metal figures shown are in situ. All figures have been rounded to reflect accuracy and to comply with securities regulatory requirements following best practice principles. AMEC undertook quality assurance and quality control studies on the mineral resource data and concludes that the collar, survey, assay and lithology data are adequate to support resource estimation. This presentation uses the terms resources, measured resources, indicated resources and inferred resources. United States investors are advised that, such terms are recognized and required by Canadian securities laws, the United States Securities and Exchange Commission (the SEC ) does not recognize them. Under United States standards, mineralization may not be classified as a reserve unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time a reserve determination is made. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

6 MINERAL RESOURCE BLOCK MODEL

7 IP SURVEY EXPANDS POTENTIAL 3D solids model shows chargeability anomaly exists west of the Liard zone Chargeability anomaly in the Paramount zone extended 1,800m north Chargeability anomaly in the Mike zone extended 600m north Chargeability anomalies in the Mike & Paramount zones appear to define a circular feature ES zone contains two moderate chargeability anomalies

8 INTERPRETED CROSS SECTION

9 2011 DRILLING RESULTS DDH ID Dip Azimuth From (m) To (m) Interval (m) Cu (%) Au (g/t) Ag (g/t) Mo (%) Cu Eq (%) CF including and CF including CF including CF410B and CF including and CF including and CF CF CF and CF and and CF

10 POSITIVE PROJECT PARAMETERS LOW ANNUAL PRECIPITATION (1.0 METRE/YEAR) LOW ENVIRONMENTAL IMPACT ( 5% PAG ROCK, VERY LOW COMPARED TO OTHER PROJECTS) NO FISH HABITAT IN VICINITY OF MINE SITE MINIMAL IMPACT ON WILDLIFE (NUMEROUS WILDLIFE STUDIES COMPLETED) SMALL FOOTPRINT

11 TECK OPTION AGREEMENT Copper Fox holds title and a 100% working interest in a contiguous 21, hectare (51,954 acre) property which includes the Schaft Creek deposit subject to a 3.5% Net Profits Interest held by Royal Gold, Inc., a 30% carried interest held by Liard Copper and an earn back option held by Teck Resources Limited ( Teck ). Copper Fox is currently earning a 78% interest in Liard Copper from Teck. Teck s earn back option to acquire 20%, 40% or 75% of the Copper Fox interest in the Schaft Creek project is triggered upon completion of a positive feasibility study. Should Teck elect to exercise its option for 75% they are required to fund subsequent property expenditures up to a total of 400% of those incurred by Copper Fox ($70.8 million as of October 31, 2011) and arrange for project financing, including the Copper Fox portion. In March 2011, the Company acquired mineral claims located adjacent to the Schaft Creek property totaling 2, hectares (7,360 acres) (the March 2011 Mineral Claims ) which are subject to a 2% Net Smelter Return ( NSR ). Copper Fox has the option to repurchase, at any time, one-half of the NSR on the March 2011 Mineral Claims for a total purchase price of $3 million. In September 2011, the Company acquired mineral claims located adjacent to the Schaft Creek property totaling 6, hectares (15,111 acres) (the September 2011 Mineral Claims ) 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 a purchase price of $1 million. The March 2011 Mineral Claims and the September 2011 Mineral Claims are subject to inclusion with the Schaft Creek project under the terms of the Area of Interest provisions of the Teck Option Agreement. Additionally Copper Fox holds mineral claims totaling 3, hectares (9,753 acres) in the Liard Mining District of BC not subject to the Teck earn-back.

12 COMPANY INFORMATION EXECUTIVE & MANAGEMENT ELMER B. STEWART - CHAIRMAN, PRESIDENT & CEO - MSc. P.Geol. J. MICHAEL SMITH - EXECUTIVE VICE PRESIDENT & DIRECTOR - CBA CATHIE HENDERSON CHIEF FINANCIAL OFFICER CAM B. GRUNDSTROM - VICE PRESIDENT OPERATIONS - BSc. Mining SHANE L. UREN - VICE PRESIDENT ENVIRONMENT & PERMITTING - BSc. Biology SHARES OUTSTANDING: MILLION FULLY DILUTED: MILLION MARKET CAP: $542.0 MILLION SHARE PRICE: $ WEEK RANGE: $ $2.75 INDEPENDENT DIRECTORS ERNESTO ECHAVARRIA, CPA ERIK KOUDSTAAL, CA DAVID M. MACDONALD, CA R. HECTOR MACKAY-DUNN, Q.C. LEGAL COUNSEL FARRIS, VAUGHAN, WILLS & MURPHY LLP VANCOUVER AUDITORS KPMG CALGARY CORPORATE OFFICE OPERATIONS OFFICE 650, TH AVENUE SW 908, 510 BURRARD STREET CALGARY, AB, CANADA T2R 1L5 VANCOUVER, BC, CANADA V6C 3A8 T: F: T: F: info@copperfoxmetals.com