Running Fox 09 First Quarter: 3 Month Revenues Up 99 % to $4.381Million EBITDA Earnings Up 324 % to $741,000, Net Income Up 1279 % to$524,486

Donnerstag, 30.04.2009 16:05 von Hugin - Aufrufe: 221

RUNNING FOX RESOURCE CORP.
 
TSX-V "RUN" U.S. OTC "RFXRF" Frankfurt
"C8Q"
 
Thursday April 30, 2009
 
Running Fox 09 First Quarter: 3 Month Revenues Up 99 % to $4.381
Million EBITDA Earnings Up 324 % to $741,000, Net Income Up 1279 % to
$524,486
 
Steven Schurman, CEO, U.S. Professional Geologist, reports:
 
Running Fox has filed its 2009 first quarter financial statements on
SEDAR.
 
Revenues for the 3 month period increased 99 % to $4,381,403. This
compares favorably to $2,195,325 for the comparable 3 month period in
2008.
 
3 month income from operations (EBITDA) increased 324 % to $741,001.
This compares favorably to $228,462 for the comparative period in
2008.
 
* 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.
 
After accounting amounts for amortization and depletion, and costs
for interest and taxes, the net income increased over 1,200 % to
$524,486 for the 3 month period.
This compares favorably to $41,003 for the comparative period in
2008.
 
(The Company booked an accounting amount for amortization and
depletion of $260,669 for the 3 months)
 
Advanced High Grade Gold Project
 
While Running Fox is focused on revenue generation in the energy
sector, rising gold prices have stimulated interest in its high grade
gold project in British Columbia, Canada where diamond drill
intercepts have assayed high grade gold such as 55 feet of 1.04
ounces (see 43-101 and Assesment Reports on SEDAR or on the Running
Fox website, see "Top 40")
 
Diamond Drilling On Running Fox New Mexico Uranium Project
 
Running Fox has been notified of the diamond drilling permit
applications filed by its Joint Venture partner who is earning an
interest in Running Fox's New Mexico Uranium Project located in the
United States.
 
The partner is earning up to a 50% interest by expending $600,000
U.S. in exploration and drilling, and by paying Running Fox up to 3.5
million shares (1.5 million shares having been received to date)
 
Running Fox has 41.7 million shares outstanding, with positive
exposure to energy, uranium, and gold.
 
On behalf of the Board of Directors: Steven Schurman, CEO, U.S. Prof.
Geologist.
Running Fox Resource Corp. 1.403.742.0527 website :
www.foxgold.ca
 
The Company relies on legislation applicable to forward looking
statements, if any, seeking safe harbour.
 
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
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