Running Fox Resource Corp.: Brett Gold Project Progress Update

Steven Schurman, P. Geol. (US) Director, reports: 

Running Fox Resource Corp. (TSX VENTURE:RUN); (PINKSHEETS:RFXRF) is pleased to
provide a progress update for its Brett Gold Project. The Brett Gold Project is
an advanced stage exploration property located in southwestern B.C. To date,
over 111 exploration and development drill holes have tested the epithermal gold
veins found at the Brett property.  


A drill program was permitted and implemented after Running Fox completed the
transaction to acquire 100% ownership of the Project. In the past, the majority
of the Brett drill holes were located on the south end of the approximately 60
square kilometer Brett property. For the 2011 drill project, Running Fox
Resources made the decision to test a number of gold-in-soil anomalies that were
located on the north, undrilled portion of the Brett property. The Program
included 13 core drill holes for a total of 1,218 meters of drilling.  


While the 2011 Brett core holes tested several geologic structures, the most
significant discovery was the presence of a 75 meter wide, gold-bearing breccia
zone that was heavily silicified and pyritized. Eight drill holes into this
newly discovered breccia zone tested the zone to approximately a depth of 90 m
and encountered gold mineralization to 3.2 grams/tonne. This new discovery
expands the Brett gold mineralizing system approximately 1 km to the north of
the original Brett discovery and validates the numerous gold-in-soil anomalies
that are located between the north and south gold discoveries.  


The discovery of the new breccia zone and analysis of the 2011 program by
outside geologic consultants suggests that in addition to epithermal vein
deposits that have been the subject of past exploration projects, a larger,
porphyry-type exploration target may also exist beneath the Brett property. 


Running Fox is now permitting for a 2012 drill program that will be designed to
expand the existing ore-grade gold zones that have been identified by past
drilling in the south as well as test the gold-in-soil anomalies and mineralized
trenches that are located south of the 2011 drill holes. It is Running Fox's
2012 goal to identify enough gold mineralization in the south discovery area
with the 2012 drilling to justify re-opening the Brett mine adit, commence an
underground exploration program and recover enough gold mineralization so the
company can begin to study gold mill recovery options. 


Steven Schurman, P. Geol. (US), Director, is the Qualified Person for the
technical content of this news release.

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