Restated First Quarter Revenues of $1,749,839

7/11/2006, 8:30 AM (Source: GlobeNewswire)

Frankfurt "C8Q"

Monday July 10, 2006

Steven Schurman, CEO, reports:

Restated First Quarter Revenues of $1,749,839

Running Fox has filed its Restated First Quarter financials, which
are available on SEDAR.

For the period ended 28 February 2006, the Company had gross revenues
of $ 1,749,839 for the period and achieved a net income of $419,369.
Running Fox is in the business of exploring, developing and producing
oil and natural gas interests in Canada and operating in the oilfield
service sector, earning revenues from gas pipeline tie-in, facilities
construction, and servicing of oil and natural gas wells in addition
to the construction of field locations, gas plants, oil and gas
battery facilities, etc, adding revenues to Running Fox by
contracting out the services to other energy producers. Visit for further information on 100% owned subsidiary,
Claymore Field Services, which continues to operate at full current
capacity, and is building a strong equipment inventory.

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.

Drilling Update, Completion in Gas and Oil Zones
Current drilling operations include drilling a 4,000-metre well on
the prospect at Section 18, Township No. 63, Range No. 4, west of the
sixth meridian, close to the Alberta border with British Columbia.
With drilling by Precision Drilling, the well has been drilled to
total depth, it had been fully cased, and completion operations are
underway. The first goal is to complete in the productive Wabamun
formation, with several secondary zones of interest including
productive oil bearing zones. Infrastructure is comprehensive in the
area, with natural gas sales lines nearby.

Corporate Update
Running Fox has elected Trent Moore and Chris Loosley to the Board of
Appointments: Chris Loosley is appointed as the Chief Financial
Officer, and Steve Schurman as Chair of the Audit Committee, which
also includes Wayne Waters and Trent Moore.

Running Fox is well leveraged to natural gas prices and management
believes that prices will strengthen. Additionally, Running Fox's 50%
interest in the high-grade Brett Gold Project provides upside and
leverage to the gold sector.

Now that the World Cup is finished, management continues work on
further acquisitions and long-term cash flow developments which will
be announced in due course.

On behalf of the Board of Directors;
Steven Schurman, CEO, US Professional Geologist

The Company relies on legislation applicable to forward looking
statements, and seeks safe harbour. The TSX-V has neither approved
nor disapproved of the contents of this news release.

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