A CANADIAN BASED RESOURCE DEVELOPMENT COMPANY

AUGUST 15, 2013

Schaft Creek Copper-Gold-Molybdenum-Silver Deposit

Forward Looking Statements

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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 Power Point presentation 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 formation, terms and future activities of the Schaft Creek Joint Venture; further exploration and development of the Schaft Creek project; direct cash payments to Copper Fox upon a Production Decision and upon the completion date of a mine; the timing, scope and objectives for the 2013 summer drilling program; financing to advance the Schaft Creek project, including project equity and debt financing for projected capital costs of construction of a mining operation; the timing and scope of drilling for the 2013 summer program at Schaft Creek; and the Facilities Study Agreement with BC Hydro.

In connection with the forward-looking information contained in this news release, Copper Fox has made numerous assumptions. 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: the Schaft Creek Joint Venture may not result in a Production Decision being made, or the construction of a mine; further exploration and development of the Schaft Creek property may not occur as expected; cash payments to Copper Fox may not be paid by Teck in the quantum or timing expected, or at all; financing commitments may not be sufficient to advance the Schaft Creek project as expected, or at all; the timing and scope of the 2013 summer drilling program may not be initiated or completed as expected; and the Facilities Study Agreement with BC Hydro may not result in the connection of the Schaft Creek project to the forthcoming BC Hydro Bob Quinn electrical substation as currently anticipated.

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.

• Copper Fox is a Canadian based resource development company listed on the TSX-Venture Exchange (TSX-V: CUU). Copper Fox holds its United States assets in its wholly-owned subsidiary, Desert Fox Copper Inc.

• Copper Fox holds a 25% interest in the Schaft Creek Joint Venture with Teck Resources Limited (Feasibility Study completed)

• Copper Fox owns (through its subsidiary) the Van Dyke Project including the

Van Dyke copper deposit in Miami, Arizona.

• Copper Fox owns (through its subsidiary) the Sombrero Butte copper project located 44 miles northeast of Tucson adjoining Redhawk Resources Copper Creek project (see July 9, 2012 and April 12, 2013 news releases on the Company’s website at www.copperfoxmetals.com.

• Copper Fox intends to acquire additional poly-metallic copper projects in North America

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What is Copper Fox?

Schaft Creek Joint Venture

• Copper Fox (25%), Teck Resources Limited (75%) dated July 15, 2013 under which Teck will:

• Pay a total $60 million in three cash payments to Copper Fox: $20 million upon signing the Joint Venture, $20 million upon a production decision, and $20 million on completion of the mine facility.

• In addition, Teck will fund 100% of the joint venture costs incurred prior to a production decision up to $60 million,

• Copper Fox’s pro rata share of any pre-production costs in excess of $60 million will be funded by Teck and the subsequent two cash payments payable to Copper Fox (see above) will be reduced by an equivalent amount,

• Teck will fund any additional costs prior to a production decision, if required by way of a loan to Copper Fox to the extent of its pro rata share without dilution to Copper Fox’s 25% JV interest.

• Teck has agreed to use all reasonable commercial efforts to arrange project financing for Capital Costs upon a production decision being made including Copper Fox’s pro rata share of the Capital Costs without dilution to Copper Fox.

Schaft Creek Feasibility Study Highlights

• Initial mine life of 21 years at milling rate of 130,000 tonne per day - open pit mine at 2:1 strip ratio;

• Initial Capital Cost totals $3.256 billion, which includes contingencies of $374 million;

• Sustaining Capex $1.240 billion over 21 year mine life, including $200 million for BC Hydro tariff;

• 5 years pre-production period (includes permitting, road, power line and facilities construction);

• Proven and Probable Mineral Reserves total 940.8 million tonnes containing: 5.6 billion pounds of copper, 5.7 million ounces of gold, 363.5 million pounds of molybdenum and 51.7 million ounces of silver;

• The feasibility study identified at least three areas that could enhance the economics of the Schaft Creek project;

• Within the pit shell there is a total of 171.16 million tonnes of inferred resource grading: 0.25% copper, 0.164 grams per tonne gold, 0.018% molybdenum and 1.58 grams per tonne silver which for purposes of the feasibility study must be treated as waste rock;

Note: The Schaft Creek feasibility study is a NI 43-101 Technical Report dated January 23, 2013 and was completed by Tetra Tech under the direction of Copper Fox. Subsequent to the date of the Schaft Creek feasibility study, Teck Resources Limited has exercised its “earn-back” rights in the Schaft Creek project and has assumed operatorship.

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Schaft Creek Infrastructure (Plan View)

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Schaft Creek Infrastructure (3D View)

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AREA OF 2013

DRILLING PROGRAM

Feasibility Study Production Summary

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Parameter Unit Life of Mine

Tonnes ore milled 000t 940,800

Strip ratio 2

Grade:

Copper % 0.27

Gold gpt 0.19

Silver gpt 1.72

Molybdenum % 0.018

Schaft Creek Mine Production Summary

Description Unit Year 1-5 Year 1-10 LOM LOM Total

Annual Avg. Annual Avg. Annual Avg.

Copper in Concentrate million lbs 274 259 232 4,875

Copper in Concentrate tonnes (000's) 124 118 105 2,211

Gold in Concentrate oz. (000's) 237 237 201 4,213

Silver in Concentrate oz. (000's) 1,229 1,280 1,195 25,100

Molybdenum in Concentrate lbs (000's) 9,281 9,873 10,234 214,914

Schaft Creek Metal Production

Feasibility Study Economic Results

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Item Unit Base Case 3-Y Ave* Case Spot Price** Case Real Options Case

Metal Price

Copper US$/lb 3.25 3.63 3.69 3.25

Gold US$/oz 1,445.00 1,445.00 1,736.00 1,445.00

Silver US$/oz 27.74 27.74 32.71 27.74

Molybdenum US$/lb 14.64 14.64 11.34 14.64

Exchange Rate US:CDN 0.97 0.99 1.02 0.97

Pre-tax Economic Results

Operating Cash Flow CDN$ M 10,746 12,065 12,161 11,284

NPV (at 5%) CDN$ M 1,694 2,348 2,419 2,665

NPV (at 8%) CDN$ M 513 967 1,024 1,382

NPV (at 10%) CDN$ M 25 388 437 836

IRR % 10.13 11.9 12.14 15.4

Payback Years 6.48 5.81 5.7 4.9

Cash Cost/lb Cu (net of other metal credits) CDN$/lb 1.15 1.19 1.12 1.15

Total Cost/lb Cu CDN$/lb 2.09 2.14 2.07 2.09

Avg Annual operating Cash Flow*** Millions 371 414 425 640

*between October 15, 2009 - 2012; **On October 15, 2012; ***Years 1-5

Summary of Economic Results

The Project NPV is most sensitive to foreign exchange and copper prices

Mineral Reserve & Resource Estimates

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MLBS = POUNDS EXPRESSED IN MILLIONS MOZ = OUNCES EXPRESSED IN MILLIONS

MINERAL RESERVE ESTIMATE – SCHAFT CREEK DEPOSIT – GREG TROUT, P.Eng. MOOSE MOUNTAIN TECHNICAL SERVICES

MINERAL RESERVE ESTIMATE - SCHAFT CREEK DEPOSIT

RESERVE ROM COPPER MOLYBDENUM GOLD SILVER CONTAINED METAL

CATEGORY (MILLION TONNES) (%) (%) G/T G/T Cu (MLBS) Mo (MLBS) Au (MOZ) Ag (MOZ)

PROVEN 135.4 0.31 0.018 0.25 1.81 923.0 52.1 1.1 7.9

PROBABLE 805.4 0.27 0.018 0.18 1.70 4,688.8 311.4 4.7 43.9

PROVEN AND 940.8 0.27 0.018 0.19 1.72 5,611.7 363.5 5.8 51.7

PROBABLE

MINERAL RESOURCE ESTIMATE - SCHAFT CREEK DEPOSIT

RESOURCE TONNAGE COPPER MOLYBDENUM GOLD SILVER CONTAINED METAL

CATEGORY (MILLION TONNES) (%) (%) G/T G/T Cu (MLBS) Mo (MLBS) Au (MOZ) Ag (MOZ)

MEASURED 146.6 0.31 0.017 0.24 1.78 1,001.8 55.6 1.1 8.4

INDICATED 1081.9 0.26 0.017 0.18 1.68 6,104.4 399.7 6.2 58.3

PROVEN AND 1228.6 0.26 0.017 0.19 1.69 7,106.2 455.3 7.4 66.7

PROBABLE

INFERRED 597.2 0.22 0.016 0.17 1.65 2,872.0 206.3 3.4 31.6

@ 0.15% COPPER EQUIVALENT CUT-OFF

MLBS = POUNDS EXPRESSED IN MILLIONS MOZ = OUNCES EXPRESSED IN MILLIONS

MINERAL RESOURCE ESTIMATE – SCHAFT CREEK DEPOSIT – ROBERT MORRISON, Ph.D., MAusIMM (CP), P.Geo., EFFECTIVE DATE: MAY 23, 2012

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.

Schaft Creek 2013 Drilling Program

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• The Joint Venture is completing a 10,000 metre diamond and geotechnical drilling program.

• The program will include drilling to: • test the extension to the east of Mt LaCasse of the mineralization in the

Paramount zone, and • collect additional geotechnical information for ongoing pit slope stability

studies.

Mineral Resources in Pit Shell

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Schaft Creek Project Potential

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LINE OF SECTION 6361000mN UNTESTED

PORTION OF

GEOPHYSICAL

SIGNATURE

Line of Section 6361000N

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AREA OF 2013

DRILLING PROGRAM

Schaft Creek Exploration Potential

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Positive Project Parameters

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LOW ANNUAL PRECIPITATION (1.0 METRE/YEAR)

LOW ENVIRONMENTAL IMPACT

(≤ 8% PAG ROCK, VERY LOW COMPARED TO OTHER PROJECTS)

NO FISH HABITAT IN VICINITY OF MINE SITE

7 YEARS OF ENVIRONMENTAL BASE LINE STUDIES COMPLETED

NORTHWEST TRANSMISSION LINE UNDER CONSTRUCTION (NTL COMMISSIONED AND IN SERVICE – SPRING 2014)

MINING LOCALE WHICH IS POLITICALLY, ENVIRONMENTALLY AND

GEOGRAPHICALLY HOSPITABLE

PORT FACILITIES FOR CONCENTRATE SHIPMENTS TO ASIA

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Phoenix

Van Dyke

Sombrero Butte

Arizona Projects

Van Dyke & Sombrero Butte Projects

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• Property consists of 1,100 acres of patented ground and BLM claims

• A reported historical estimate* of 112 million tons with an average grade of 0.52% copper (estimated 1.2 billion pounds of copper) prepared by Occidental Minerals Corporation in 1973

• Primary sulphide copper mineralization occurs beneath and to the east of the oxide mineralization in the Van Dyke deposit

• A satellite porphyry area to the west of the Van Dyke deposit (copper oxide mineralization) outcrops over an area measuring 400m X 500m

*The historical estimate reported for the Van Dyke deposit is historical in nature and cannot be relied upon. Copper Fox wishes to clarify that insufficient work has been completed to

verify the reported historical data and that no mineral resource occurs within the Van Dyke property. The reported historical mineralized intersections have not been verified and the

historical data has not been adequately reviewed by an independent Qualified Person and cannot and should not be relied upon.

Van Dyke Project

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Van Dyke Project

Van Dyke Project

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Sombrero Butte Project

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Sombrero Butte 3D Location

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Sombrero Butte Breccia Locations

Sombrero Butte Breccia Model

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AUDACIOUS BRECCIA PIPE

• 1.18% Cu (MINERALIZED ZONES) • 0.82% Cu (BRECCIA) • 0.014% Cu (GRANODIORITE)

Company Information

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EXECUTIVE & MANAGEMENT ELMER B. STEWART – Chairman, President & CEO - PGeol, MSc. J. MICHAEL SMITH – Executive Vice President & Director - CBA CATHERINE A. HENDERSON – Chief Financial Officer CAM B. GRUNDSTROM – VP Operations - BSc. Mining SHANE L. UREN – VP Environment & Permitting - BSc. Biology

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 650, 340 – 12th Avenue SW

Calgary, AB, Canada T2R 1L5

T: 403-264-2820 F: 403-264-2920

OPERATIONS OFFICE 908, 510 Burrard Street

Vancouver, BC, Canada V6C 3A8

T: 604-689-5080 F: 604-689-5762

www.copperfoxmetals.com

info@copperfoxmetals.com

SHARES OUTSTANDING: 402.9 MILLION

FULLY DILUTED: 429.6 MILLION

MARKET CAP: $253.9 MILLION

SHARE PRICE: $0.63

52 WEEK RANGE: $0.49 - $1.29