Frankfurt Listed Stocks

[Arctec]

RUNNING FOX RESOURCES -- URANIUM, GOLD
AND GROWING CASH FLOW FROM OILFIELD SECTOR
Running Fox Resource Corp. (TSX-V: RUN; OTC: RFXRF, Frankfurt: C8Q) is a Canadian small-cap company building three active divisions (plans include spinning off new pubcos):

1. Oil and Natural Gas Exploration and Production;
2. Energy Sector Oilfield Services, Construction and Technology; and
3. Mineral Exploration: Uranium and an Advanced High-Grade Gold Project.

Running Fox first nine months consolidated revenues were $5.150 Million.

More cash-flowing acquisitions being reviewed. Some recent news:

Mar.06/07: Acquires another Oilfield Company with $3.5 Million Past Year Revenue
Running Fox Resource Corp. has completed the acquisition of 100% of a private oilfield services company that will augment and expand Running Fox's Oilfield Services and Technology Division, previously announced on February 8, 2007. The acquired company now operates as a subsidiary of Running Fox and had past year revenues of approx. $3.5 Million, with approx. $1.1 Million EBITDA, excluding one time bonus.

Feb. 12/07: Running Fox: Acquires Four Athabasca Uranium Prospects, Previous Drilling Up To 0.42% U3O8 Over 5 Feet

Running Fox has entered into an agreement to acquire four uranium prospects all located in the Athabasca Uranium District in Northern Saskatchewan, Canada. The four prospects have been entirely encompassed by a 100,000 acre exploration permit. The project area is northwest of Uranium City, Saskatchewan, and about 40 km due north of the Cameco Corporation owned /operated Maurice Bay Uranium Deposit.

The properties were explored by uranium companies in the 1960's and 1970's, with many uranium indicators and uranium occurrences present, with numerous significant chip and grab samples, and up to 15,000 c.p.s. radioactivity readings, all leading to more advanced exploration, including trenching and diamond drilling.

Previous diamond drilling on the prospects encountered significant uranium grades of up to 0.42% U3O8 over 5 feet, and previous trenching grades up to 0.50% U3O8 over 3.3 feet.

The Fox is also tracking down advanced U.S. Uranium projects to be announced.

Company Summary:
Running Fox is a Canadian small cap energy company producing and drilling for oil and natural gas in Alberta. It owns 100% of Claymore Field Services, operating a full service oilfield service company for oilfield development, gas plants, pipelines etc . It also owns 50% of a high-grade gold project in British Columbia, and very prospective Canadian uranium projects.

Cash Flow: Current revenue is produced from natural gas production, fluctuating with natural gas prices and from Claymore subsidiary. We are also working on new producing acquisitions. Combining current natural gas sales and its energy sector field service revenues, Running Fox consolidated gross revenues are anticipated to grow each month, with significant profit margins, all prior to new wells being brought on stream and prior to planned organic growth. Combined first nine month revenues were $5.15 Million, with net income for first 9 months of $884,000, prior to acquisition adjustment.

Claymore Oil Field Service: The Company owns a 100% interest in Claymore Field Services Ltd.. Through this subsidiary, Running Fox can effectively carry out its provision of oilfield development, gas pipelines, tie-in, facilities construction, and servicing of natural gas wells in addition to the construction of field locations, gas plants, oil and gas battery facilities, etc, and to add revenues to Running Fox by contracting out the same services to other energy producers. Claymore offers a full range of oilfield and oil/gas well services Visit www.foxgold.ca for further information on Claymore. More oilfield services acquisitions in progress.

High-Grade Gold Development: Brett Gold Project, Okanagan Valley, British Columbia 50% owned Brett Gold Project, located in the Okanagan in Southwest BC. Work this season should include confirmatory drilling to follow-up on previous drillhole # RC93-19, which returned a significant intersection of 16.76 metres grading 35.79 grams Au/tonne (approx 55 feet of 1.045 oz Au/ton) including 3.048 metres grading 57.88 grams Au/tonne (1.69 oz Au/ton) and 4.57 metres grading 107.88 grams Au/tonne (3.15 oz Au/ton) within the main shear zone. (see 43-101 Technical and Brett Gold Assessment Reports available at Running Fox website, www.foxgold.ca or on www.sedar.com.)

Complete maps, geochem, and drilling history are available for review/download on the website. The project has significant early stage block calculations on a small portion of one shear zone -- and there are many shear/fault zones, running under undrilled geochem zones with good gold values over large areas, see geochem in Assessment Report. One drill intercept in 2004 was a 4.3 foot intercept that assayed 5.1 ounces gold, yes that's ounces. With gold prices rising, the high-grade Brett Gold Project offers significant upside. Industry veterans will be taking notice of the project as the high-grade gold project consolidation in the industry continues. Re the early block calculations for the Brett Gold Project, that is covering a small portion of one shear, and there are about 12 known shears with good gold geochem above. The NW shears are also cutting across NE trending shears, and at one of these intersections was drilled a 5.1 ounce intercept over 4.3 feet. Previous drill intercepts have also returned very high values, including 50 feet of 1 ounce gold. The early block calculations do not include many of these high-grade intercepts as more infill drilling is needed to include them in a calculation. See the Top 40 Drill Results on the Brett Gold Project tab on the website.
Also review the brief 3D geological movie on the website. (It may take a few minutes to load).

Portfolio Building Growth Stock: While building cash flow, Running Fox is also well-leveraged to natural gas prices and to the price of gold. Additionally the recent uranium project acquisitions provide upside to that important commodity. More uranium projects are being reviewed and further acquisitions and long-term cash flow developments will be announced in due course. (Plans include spinning off new pubcos.)

Visit the Running Fox website (updating in progress) at www.foxgold.ca.

Shares Outstanding 34 Million, Fully Reporting in Canada, Audited Financials on www.sedar.com.

(Signed) "Steven Schurman"
Steven Schurman, CEO, US Professional Geologist has reviewed the technical information in this update.

FOR FURTHER INFORMATION:

Phone: [phone]

Email: [e-mail]

Website: www.foxgold.ca