Running Fox First Six Months Revenues $3.56 Million

Running Fox Resource Corp. TSX-V "RUN" , OTC "RFXRF", Frankfurt "C8Q"
 
Running Fox First Six Months Revenues $3.56 Million
Thursday  July 31, 2008
 
Trent Moore, Vice President, reports:
 
Running Fox management is pleased to release 2008 first six months
financial statements on SEDAR, ending May 31, 2008.
 
For the six period ended 31 May 2008, the Company's revenues were
$3,568,772 and earnings (EBITDA) were $106,732.
This compares favorably to 2007 revenues of $2,986,631 and an EBITDA
loss of  $440,037 for the 2007 comparative period. The second quarter
three months are typically the Company's slowest revenue generating
period due to the annual spring thaw breakup road bans on the
movement of heavy equipment.
 
The revenues were generated from natural gas and condensate
production and from oilfield services. The improvement was mainly due
to the increase in oilfield services being offered by the Company's
subsidiaries, and to increased natural gas prices.
 
Overall, during the period and compared to the prior period, field
service labour and expenses have decreased.
 
On the technology side, the  Company has tested its Version3 Wire
Dryers, its largest drill-fluid recyclers utilizing proprietary
technology. These units were recently out on a field test in Northern
BC with a large international energy company to demonstrate the
technology.  Further third-party electrical and hydraulic component
modifications will be installed prior to the next commercial
demonstration, although recent improvements in concept were
validated.
 
Running  Fox is a Canadian growth-oriented small cap company that
also owns oil and gas, uranium, and high grade gold projects.
 
The Company has 41.2 million shares issued and outstanding after
recent acquisitions.
 
On behalf of the Board  of Directors:  Trent Moore, VP, Running Fox
Resource Corp.
403 742 0527  www.foxgold.ca
 
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.