Arctic Fox Ventures Inc. reported results of its 457.4 m, two hole drill program on its Spius copper porphyry project ("Spius" or the "Property"). The Property is located 40 km southwest of Merritt, British Columbia, and is currently under option from Pacific Ridge Exploration Ltd. ("Pacific Ridge"). The first hole encountered broken ground conditions and was terminated at 77.3 m, short of its target depth of 150 m. From a depth of 35.85 m to the bottom of the hole it encountered porphyry style mineralization, averaging 0.114% Cu, 23.5 ppm Mo and 0.7 ppm Ag over 41.45 m. The hole encountered one interval of higher-grade copper: 0.886% Cu over 1.3 m (66.05 to 67.35 m) The second hole was terminated at 380.1 m due to difficult ground conditions, just shy of its 400 m target depth. It encountered porphyry style mineralization throughout its length, including 0.155% Cu, 71 ppm Mo and 0.8 ppm Ag over 15.2 m (341.25 to 356.45 m). The hole encountered two intervals of higher-grade copper: 0.832% Cu over 0.65 m (257.5 to 258.4 m) and 0.658% Cu over 1.32 m (346.18 to 347.5 m). These higher-grade intervals occur within zones of quartz- sericite-pyrite veins with potassium feldspar altered selvages, with chalcopyrite and traces of molybdenite, and they show the potential for more robust copper mineralization in other parts of the Spius porphyry system. The Company will be further evaluating the results of its 2021 Spius drill program before determining what further steps it will take in exploring the property.