VANCOUVER, British Columbia, May 3, 2007 (PRIME NEWSWIRE) -- Running Fox Resource Corp. (the "Company" or "CIVC") (Pink Sheets:RFXRF) (TSX-V:RUN) (Frankfurt:C8Q) announced in a news release dated 18 April 2007 that the Alberta Securities Commission and the British Columbia Securities Commission granted the Company's request for a Management Cease Trade Order in connection with the Company's failure to file its 30 November 2006 audited annual financial statements. The following is the Company's bi-weekly default status report pursuant to Appendix B of CSA Policy 57-301, which is filed on System for Electronic Document Analysis and Retrieval and available at http://www.sedar.com.
Pursuant to CSA Staff Notice 57-301 Appendix B Default Status Report TO: British Columbia Securities Commission Alberta Securities Commission Ontario Securities Commission
Running Fox Resource Corp. ("RUN" or the "Company") is providing an update in accordance with CSA Staff Notice 57-301 Failing to File Financial Statements on Time - Management Cease Trade Orders.
1. The Company advises that there is no material change in the information contained in the Notice of Default dated 18 April 2007 ("Notice of Default").
2. As a result of the factors noted in the Notice of Default, the Company has been unable to complete its audited financial statements for the year ended 30 November 2006 ("Audited Financial Statements"). The Company expects to file the Audited Financial Statements and Interim Financial Statements on or before 30 May 2007.
3. The Company advises that there is no actual or anticipated default of a financial statement filing requirement subsequent to that disclosed in the Notice of Default.
4. The Company advises that there is no other material information concerning the affairs of the Company that has not been generally disclosed.
For further information, please contact the Company.
RUNNING FOX RESOURCE CORP.
"J. C. Loosley" __________________ J. C. Loosley, MBA CFO
This release includes certain forward looking statements which reflect beliefs, expectations, objectives and goals which are believed to be reasonable at the time such statements are made. Actual results could differ materially from anticipated results and may be impacted upon such factors as commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.