Running Fox First Six Months Revenues $3.56 Million

* Reuters is not responsible for the content in this press release.

Thu Jul 31, 2008 1:01pm EDT 

  VANCOUVER, BC, Jul 31 (MARKET WIRE) -- 

Running Fox Resource Corp. TSX-V "RUN" , OTC "RFXRF", Frankfurt "C8Q"

    Running Fox First Six Months Revenues $3.56 Million Thursday July 31, 2008

    Trent Moore, Vice President, reports:

    Running Fox management is pleased to release 2008 first six months
financial statements on SEDAR, ending May 31, 2008.

    For the six period ended 31 May 2008, the Company's revenues were
$3,568,772 and earnings (EBITDA) were $106,732. This compares favorably
to 2007 revenues of $2,986,631 and an EBITDA loss of $440,037 for the
2007 comparative period. The second quarter three months are typically
the Company's slowest revenue generating period due to the annual spring
thaw breakup road bans on the movement of heavy equipment.

    The revenues were generated from natural gas and condensate production
and from oilfield services. The improvement was mainly due to the
increase in oilfield services being offered by the Company's
subsidiaries, and to increased natural gas prices.

    Overall, during the period and compared to the prior period, field
service labour and expenses have decreased.

    On the technology side, the Company has tested its Version3 Wire Dryers,
its largest drill-fluid recyclers utilizing proprietary technology. These
units were recently out on a field test in Northern BC with a large
international energy company to demonstrate the technology. Further
third-party electrical and hydraulic component modifications will be
installed prior to the next commercial demonstration, although recent
improvements in concept were validated.

    Running Fox is a Canadian growth-oriented small cap company that also
owns oil and gas, uranium, and high grade gold projects.

    The Company has 41.2 million shares issued and outstanding after recent
acquisitions.


 On behalf of the Board of Directors: Trent Moore, VP,
Running Fox Resource Corp. 403 742 0527 www.foxgold.ca

    The Company relies on legislation applicable to forward looking
statements, and seeks safe harbour. The TSX-V has neither approved nor
disapproved of this news release.


 
 
 
 Copyright Copyright Hugin AS
2008. All rights reserved.

    



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