Running Fox Resource Corp.

Running Fox Resource Corp.

October 26, 2007 20:17 ET

Running Fox Resources: Third Quarter Revenues $1,580,903

CALGARY, ALBERTA--(Marketwire - Oct. 26, 2007) - Running Fox Resource (TSX VENTURE:RUN) (PINK SHEETS:RFXRF) (FRANKFURT:C8Q)

Trent Moore, Vice President, reports:

Running Fox has released its third quarter financial results ending August 31, 2007.

For the three-month period the consolidated revenue was $1,580,903 and the net income was $317,202, prior to depreciation and depletion.

The Company's oilfield services division continues its diversification to keep men and equipment busy, and to further improve its proprietary WireDryer recycling technology.

Further information is expected to be released concerning improvements to the WireDryers, including an explanation of the significant carbon and emissions credits equivalents which WireDryer customers will benefit from, and which will effect the environment in a positive way.

The Company will also update shareholders as to progress in its uranium exploration division when results of the 2007 field program are available, and when new acquisitions are finalized.

Recent changes announced to the Alberta oil and gas royalty regime has increased energy companies' focus on expenses, which makes Running Fox subsidiaries' expertise, products, and services all the more meaningful.

Running Fox is a Canadian growth-oriented small cap company developing four key divisions:

1. Energy Sector Oilfield Services and Technology;

2. Oil and Natural Gas Exploration and Production;

3. Uranium and Gold Exploration Mineral Projects; and

4. Environmental Services: Encapsulation and Remediation.

On behalf of the Board of Directors: Trent Moore, VP, Running Fox Resource Corp.

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

Contact Information

  • Running Fox Resource Corp.
    Trent Moore
    (403) 742-0500