CALGARY, Oct. 25 /CNW/ - Guillermo Salazar S, President and CEO of Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V CUU) is pleased to announce that further to its news releases of August 16 and October 2, 2006 the Company has completed the second and final phase of a non brokered Private Placement Financing with MTAX 2006 Mineral Limited Partnership. This tranche raised an aggregate of $500,000 for which the Company issued an aggregate 943,397 flow-through shares at a price of $0.53 per share. The Company paid a finders fee of $40,000 and issued an aggregate 94,340 broker warrants. The warrants are exercisable at a price of $0.53 over one year from issue date. Funds generated from this financing will be used by the Company to advance its world class copper-gold-molybdenum project located at Schaft Creek, North West B.C. About Copper Fox Metals Inc. Copper Fox is a Canadian-based Junior Natural Resource mining company listed on the TSX-Venture exchange trading under the symbol (CUU). The Company is focused on the acquisition of advanced exploration and or near production precious and base metal deposits. The Company holds an option agreement with Teck Cominco Limited to acquire up to a 93.4% direct and indirect (carried) interest in the Schaft Creek copper-gold-molybdenum property in North West British Columbia, Canada. The TSX Venture exchange has not reviewed the contents of this news release and accepts no responsibility for the accuracy thereof. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming events, work programs, receipt of geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those anticipated in such statements.