Mr. Elmer Stewart reports

COPPER FOX ANNOUNCES $3,000,000 NON-BROKERED PRIVATE PLACEMENT

Copper Fox Metals Inc. intends to complete, subject to the approval of the TSX Venture Exchange, a non-brokered private placement to raise up to $3-million in gross proceeds. The offering will consist of up to 4,615,384 common shares at a price of 65 cents per share.

Copper Fox is making the offering available to subscribers under a number of available prospectus exemptions, including the accredited investor exemption, family and close personal friends, and business associates of directors and officers of the company. The offering is also available to all existing shareholders of Copper Fox who, as of the close of business on Feb. 4, 2026, held shares (and who continue to hold such shares as of the closing date) in accordance with the provisions of the existing security holder exemption contained in the various corresponding blanket orders and rules of participating jurisdictions.

The company advises that there are conditions and restrictions when subscribers are relying upon the existing security holder exemption, including, among other criteria: (a) the subscriber must be a shareholder of the company on the record date (and still be a shareholder), (b) be purchasing the shares as a principal -- for his or her own account and not for any other party, and (c) may not purchase more than $15,000 value of securities from the company in any 12-month period. There is an exception to the $15,000 subscription limit. In the event that a subscriber wishes to purchase more than a $15,000 value of securities, then he or she may do so provided that the subscriber received suitability advice from a registered investment dealer, and, in this case, subscribers will be asked to confirm the registered investment dealer's identity and employer. Subscribers purchasing shares using the existing security holder exemption will need to represent in writing that they meet the requirements of the existing security holder exemption. There is no minimum subscription amount. As the existing security holder exemption contains certain restrictions and is only available in certain jurisdictions in Canada, others that do not qualify under the existing security holder exemption may qualify to participate under other prospectus exemptions, such as the accredited investor exemption.

The company retains the right to accept or reject subscriptions. Should the offering be oversubscribed it is possible that a shareholder's subscription may not be accepted by the company. Additionally, in the event of an imbalance of large subscriptions compared to smaller subscriptions, management reserves the right in its discretion to favour large subscriptions over smaller shareholder subscriptions.

The offering is expected to close by Feb. 27, 2026. In accordance with applicable securities legislation, securities issued pursuant to the offering are subject to a hold period of four months plus one day from the date of the completion of the offering. The net proceeds raised from the offering will be used to advance exploration and development activities on Copper Fox's 100-per-cent-owned Van Dyke, Mineral Mountain, Eaglehead and Sombrero Butte copper projects, working capital, and general corporate and administrative purposes of the company.

The offering may include one or more subscriptions by insiders of the company, including a subscription by Ernesto Echavarria, a director, insider and a control person of the company (as defined by the policies of the TSX Venture Exchange) of a minimum of 2,769,230 common shares.

Subscriptions completed by insiders in the offering, including the subscription by Mr. Echavarria, may constitute a related party transaction under Policy 5.9 of the TSX Venture Exchange which adopts Multilateral Instrument 61-101 as a policy of the TSX Venture Exchange. In completing such transactions, Copper Fox intends to rely on the applicable exemptions from the valuation requirement and minority security holder approval requirements available under sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that the participation in the private placement by insiders will not exceed 25 per cent of the company's market capitalization.

About Copper Fox Metals Inc.

Copper Fox is a Canadian resource company focused on copper development and exploration in the United States and Canada. Copper Fox and its subsidiaries own 100 per cent of the Van Dyke ISCR project, a development-stage, potential near_term, mid-size copper mine in Arizona and a 25-per-cent interest in the Schaft Creek joint venture with Teck Resources Ltd. (75-per-cent interest and operator) which hosts the Schaft Creek copper-gold-molybdenum-silver project in British Columbia's Golden Triangle. In addition, Copper Fox owns 100 per cent of the resource stage Eaglehead polymetallic porphyry copper project in northwestern British Columbia, and the Sombrero Butte and Mineral Mountain advanced exploration stage porphyry copper projects located in the prolific Laramide age copper province in Arizona.

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