TMX group

(TSX-V: COF.P)

CALGARY, May 20 /CNW/ - Copper Fox Metals Inc. (the "Corporation") is
filing on SEDAR today the following financial statements on behalf of 955528
Alberta Ltd. ("955528") to address deficiencies in the Corporation's
Management Information Circular dated March 29, 2005 (the "Circular"), which
was filed on SEDAR on April 29, 2005:

1.  955528 audited financial statements for the year ended October 31,
    2004 dated February 17, 2005 (except for note 10, which is as of
    March 23, 2005) (the "Annual Financials");
    and
2.  955528 interim financial statements for the five month period ended
    March 31, 2005 (the "Interim Financials").

The Circular was prepared in connection with the Corporation's upcoming
annual meeting scheduled for May 25, 2005 where shareholders will consider the
amalgamation of the Corporation with 955528 as the Corporation's Qualifying
Transaction. The TSX Venture Exchange (the "Exchange") has provided the
Corporation conditional acceptance of its proposed Qualifying Transaction with
955528, however, the Exchange has not received all of the required
documentation in order to clear the Circular for mailing to the Corporation's
shareholders.
The financial disclosure included in the Circular regarding the 955528
year ended October 31, 2004 was an earlier version dated February 17, 2005 and
did not contain Note 10 that was added as of March 23, 2005. The Corporation
has reviewed both the financial disclosure in the Circular and the Annual
Financials and advises that the only difference between the financial
disclosure in the Circular pertaining to the 955528 year ended October 31,
2004 and the Annual Financials is the addition of note 10, which provides
disclosure of the related party transaction whereby 955528 is considering
amalgamation with the Corporation. The remaining financial information is
identical in the two documents.
The Interim Financials are being provided here to address concerns that
the financial statements included for the 955528 year ended October 31, 2004
may be deemed insufficient based on the mailing date of the Circular and more
current financial disclosure is required. The Corporation can advise that the
Interim Financials do not represent any material differences in 955528's
activities since October 31, 2004.

The Exchange does not accept responsibility for the adequacy or accuracy
of this release.