Running Fox Resources Nine Month Revenues Grow To $4.978 Million

Running Fox Resource Corp. (TSX-V: RUN) (PINKSHEETS: RFXRF) (FRANKFURT: C8Q) - Running Fox management reports the 2008 first nine months financial results, ending August 31, 2008.

For the nine period ended 31 Aug 2008, the Company's revenues were $4,978,617 and the Company's consolidated net earnings (EBITDA) were $265,483.

The revenues were generated primarily from oilfield services and secondly from natural gas and condensate production.

This increased revenue compares favorably to 2007 nine month revenues of $4,570,173 although EBITDA was higher for the 2007 comparative period when the sector was more active and consequently margins were higher.

This revenue improvement was due to the increase in oilfield services being offered by the Company's subsidiaries, and to increased natural gas prices.

Natural gas production volumes were reduced in this reporting period (last half of August) as the Shell-Waterton Gas Plant is being upgraded and modernized.

The Company expects improved efficiencies in throughput processing costs when the upgrade is completed and the production is back online this fall, hopefully enjoying higher natural gas prices in the colder winter season.

Running Fox is a Canadian growth-oriented small cap oilfield service company that also owns oil and gas, uranium, and high grade gold projects.

After the recent private placement, the Company has 41.7 million shares outstanding.

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, seeking safe harbour.

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Copyright Copyright Hugin AS 2008. All rights reserved.

Trent Moore VP, Running Fox Resource Corp. 403 742 0527 www.foxgold.ca

SOURCE: Running Fox Resource Corp.

http://www.foxgold.ca