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Running Fox Nine Month Revenues, EBITDA Earnings Up

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  Published in House and Home on Friday, October 30th 2009 at 16:10 GMT by Market Wire
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VANCOUVER, BC--(Marketwire - October 30, 2009) -

Running Fox Nine Month Revenues, EBITDA Earnings Up RUNNING FOX RESOURCE CORP.

TSX-V "RUN" U.S. OTC "RFXRF" Frankfurt "C8Q"

Friday October 30, 2009

Running Fox Nine Month Revenues, EBITDA Earnings Up

Steven Schurman, CEO, U.S. Professional Geologist, reports:

Running Fox has released its 2009 nine month results:

Revenues

Total revenues were $5,115,349 for the nine months which was a 3% increase over the prior year's nine months revenue of $4,978,617.

EBITDA - Earnings Up 170 %

For the nine months ended August 31, 2009, the Company's earnings before interest and amortization and depletion were $451,130. This is an increase of 170 % from $265,483 for the comparative period in 2008.

The Company also booked an accounting amount for amortization and depletion of $473,717 for the 9 months.

* 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.

The Company welcomes Mr. Jeffrey Love, CGA as its new Chief Financial Officer, assuming duties from Mr. Robert Matheson who will stay on as an independent Director.

Running Fox has 41.7 million shares outstanding, with positive exposure to energy, uranium, and gold.

Visit [ www.foxgold.ca ] for more information.

On behalf of the Board of Directors: Steven Schurman, CEO, U.S. Prof. Geologist.

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 © Hugin AS 2009. All rights reserved.