SOURCE: Fox Petroleum, Inc.

Fox Petroleum, Inc.

October 22, 2010 11:15 ET

Fox Petroleum Green Recycling Subsidiary to Focus on Circular Processing With Fortune 500 Companies

NEW YORK, NY--(Marketwire - October 22, 2010) -  Fox Petroleum Inc. (PINKSHEETS: FXPT) announced today that Resource Polymers Inc., its Canadian operating subsidiary, sold its initial first load to a leading recycling manufacturer and the company intends to have its recycled plastics compounds move into the circular processing streams of the leading bottling manufacturers.

"Initial tests with the new processing line have been very positive averaging just over 2,500 pounds per hour," said William Lieberman, President of Fox Petroleum. He added, "With the large consumer name companies like Coca Cola and Pepsi Bottling and the leading water bottle companies moving to develop circular recycling streams where recycled and washed plastics move back into bottling operations we feel we will have a terrific advantage for our products. Speaking about being green is no longer common or acceptable, large companies today are re-engineering their design, and manufacturing abilities in order to play an environmentally positive and leading role. Our processing capabilities will reduce at a minimum 350,000 cubic yards of landfill space each year and the energy savings are in the millions," he added.

The company expects that this subsidiary will process up to 30 Million pounds of post industrial and post consumer scrap plastics per year with revenues approaching 5 million dollars per year at these processing levels. Fox Petroleum is aggressively seeking additional acquisition targets in the plastics recycling market place to increase its processing capacity.

Resource Polymers Inc. is involved in the processing and facilitating of plastic scrap compounds and its principals have been recycling in various capacities for close to twenty-five years. Resource Polymers recycles to the automotive suppliers located throughout Ontario and Michigan. With a focus on its proprietary wash line, Resource Polymers handles different waste streams including polyethylene terephthalate (PET water bottles), Agricultural scrap (polystyrene), low and high density polyethylene and other assorted plastic compounds. 

About Fox Petroleum Inc. (PINKSHEETS:

Fox Petroleum Inc. is focused on acquiring, developing and operating plastic recycling operations throughout North America. With a focus on plastic waste compounds and the aggregating of plastic scrap products for manufactures. Fox Petroleum's goal is to become an important partner for leading recycling companies who need proficient services.

Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission.

These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

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