Running Fox Resource Corp.

Running Fox Resource Corp.

April 17, 2007 14:34 ET

Running Fox- More Progress: New Recycler Technology and Energy Media Interest

CALGARY, ALBERTA--(CCNMatthews - April 17, 2007) -

Trent Moore, VP, reports:

Further to Running Fox (TSX VENTURE:RUN) (PINK SHEETS:RFXRF) (FRANKFURT:C8Q) news announcing that Running Fox's Claymore division has successfully designed and developed a new technology for recycling expensive oil-based drilling fluids, the Company is pleased to announce that the commercial-scale unit has been chosen by a new media company, The Energy for a news production while the recycler was in use on a rig.

The unit, which is designed for both onshore and offshore drilling, is the first commercial scale prototype known to exist anywhere in the world and is patent pending.

The commercial-scale unit compliments conventional drilling rig equipment to make drilling operations cost effective.

Go to to see the news story located in the Tuesday April 17 early Edition, the details on Running Fox start at about 9 minutes into the news. Also located as Top Energy News, click on the play button below the picture of the very photogenic news anchorwoman.

The recycler was mounted within a Precision Drilling Rig system which was drilling a well for Compton Petroleum. While this test was brief, data from the test is assisting our development team to improve the unit,which is environmentally friendly, reducing the volumes of drilling fluids sent to landfills or disposal sites, and reducing the costs associated with oilfield waste.

The application is designed to be suitable everywhere wells are drilled for oil and natural gas using oil-based drill fluids. Running Fox confirms that it intends to bring onstream further broader applications of this technology and other innovative ideas being planned and bench-scale tested.

Delay in Annual Financial Statements

Annual financial statements have been delayed due to an illness, requiring hospitalization, of the Company's independent Auditor, who is now completing the task of auditing a very active 2006 fiscal period.

Running Fox is an energy sector Canadian small cap company with three distinct divisions:

1. Energy Sector Field Services and Technology;

2. Oil and Natural Gas Exploration and Production; and

3. Uranium and Gold Mineral Projects.

First nine months consolidated revenues were $5.150 Million, with net income prior to adjustments of $884,000. Visit for further information.

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

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.

Contact Information

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