Running Fox Resource Corp.
TSX VENTURE : RUN
FRANKFURT : C8Q
PINK SHEETS : RFXRF

Running Fox Resource Corp.

October 30, 2009 19:15 ET

Running Fox Nine Month Revenues, EBITDA Earnings Up

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 30, 2009) - Steven Schurman, CEO, U.S. Professional Geologist, reports:

Running Fox (TSX VENTURE:RUN) (PINK SHEETS:RXFRF) (FRANKFURT:C8Q) has released its 2009 nine month results:

Revenues

Total revenues were $5,115,349 for the nine months which was a 3% increase over the prior year's nine months revenue of $4,978,617.

EBITDA - Earnings Up 170 %

For the nine months ended August 31, 2009, the Company's earnings before interest and amortization and depletion were $451,130.

This is an increase of 170 % from $265,483 for the comparative period in 2008.

The Company also booked an accounting amount for amortization and depletion of $473,717 for the 9 months.

(i) Where the Company provides "Non-GAAP Financial Measures", readers should note that the Non-GAAP Financial Measures do not have a standardized meaning prescribed by GAAP and is therefore unlikely to be comparable to similar measures presented by other issuers. Management feels this information is useful to readers of the financial statements to evaluate the income on an operational basis.

The Company welcomes Mr. Jeffrey Love, CGA as its new Chief Financial Officer, assuming duties from Mr. Robert Matheson who will stay on as an independent Director.

Running Fox has 41.7 million shares outstanding, with positive exposure to energy, uranium, and gold.

Visit www.foxgold.ca for more information.

On behalf of the Board of Directors: Steven Schurman, CEO, U.S. Prof. Geologist.

The Company relies on legislation applicable to forward looking statements, seeking safe harbour.

Contact Information

  • Running Fox Resource Corp.
    Steven Schurman
    CEO
    (403) 742-0527
    www.foxgold.ca