VISIBLE GOLD MINES ADDS (CDNX:VGD.V) A SECOND DRILL RIG IN NORANDA CADILLAC-LUCKY BREAK PROJECTS

ROUYN-NORANDA, QC - February 25, 2011 (Investorideas.com Mining stocks newswire) - Visible Gold Mines Inc. (CDNX:VGD.V) (Frankfurt: 3V4) is pleased to announce that it has received the drilling permits and will initiate a proposed 8,900 metres NQ-sized drilling campaign to its Cadillac-Lucky Break projects.
Martin Dallaire, President and CEO of Visible Gold Mines stated, "We are eager to initiate this drilling program and to test these highly prospective targets on the Cadillac fault."
See map: http://www.visiblegoldmines.com/images/property/CadillacMiningLocationMap.pdf
Cadillac-Lucky Break projects
The properties comprising the Break projects were staked in 2002 by the founders of Cadillac Mining. Exploration to date has included a projectwide airborne geophysical survey, extensive lithogeochemical sampling and diamond drilling. All of the claims making up the Break projects are subject to a 1.5-per-cent net smelter return royalty on production greater than 100,000 ounces of gold, or its equivalent, in favour of the aforesaid Cadillac Mining founders and insiders. Visible Gold Mines has acquired an exclusive option to earn a 60-per-cent interest in 217 of Cadillac Mining's 228 claims in its Break projects, covering approximately 7,423 hectares, in Rouyn, Beauchastel and Dasserat townships, west of Rouyn-Noranda, Quebec.

Silidor Gold Mine project update
Ten diamond drill holes have been drilled to date on the Silidor Gold Mine project, representing an aggregate of 2,001 metres. Results from SI-10-01 to SI-11-04 will be communicated next week when the re-assayed samples results will be confirmed by the laboratory. Holes SI-11-06 to SI-11-10 are drilled and logged and the samples have been sent to the laboratory for assaying. Delays in the Silidor Gold Mine project drilling schedule have been encountered due to very cold weather during the month of January.
Qualified Person
This project is under the supervision of Robert Sansfa�on, geologist and Visible Gold Mines' vice-president exploration, a qualified person as per National Instrument 43-101.
Quality Assurance / Quality Control
Visible Gold Mines has implemented and adheres to a strict Quality Assurance/Quality Control program which includes mineralized standards, duplicata and blanks for each batch of samples. Assay samples are taken from drill core sawed in half with one half sent to a commercial laboratory and the other half retained for future reference. Analyses are performed by ALS Chemex, Val-d'Or, an accredited laboratory.
ABOUT VISIBLE GOLD MINES INC.
Visible Gold Mines is a corporation focused on gold in the prolific Abitibi Gold Belt in Canada. There are currently 47,451,179 common shares of Visible Gold Mines issued and outstanding. Visible Gold Mines has no debt and cash liquidity of approximately $9 million.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.

Gold Stocks News; Running Fox Resource (TSX.V: RUN) Reports Toronto Stock Exchange - Venture approval for Agreement to Acquire Remaining 50% of the its High Grade Brett Gold Project

VANCOUVER, BRITISH COLUMBIA - February 23, 2011 (Investorideas.com newswire) Steven Schurman, P. Geol (US), CEO, Director, reports:
Mining company Running Fox Resources (TSX VENTURE:RUN; PINK SHEETS:RFXRF; FRANKFURT:C8Q),reports it has received formal Toronto Stock Exchange - Venture approval for its agreement to acquire the remaining 50% of the its high grade Brett Gold Project, Running Fox will then own 100%.
The Teck Cominco smelter receipts for the net recovered grades for the whole bulk sample proved ore averaged 28 grams per tonne gold plus 64 grams per tonne silver.
A review of drilling results at the Brett Gold Project includes 16 metres of 35 grams per ton gold.

Brett Gold Property - from 43-101 Technical Report Table of Significant Intersections selected intercepts all over minimum width/grade, Gold values only, Silver To Be Determined

Hole # number	Grade oz Au/t	from feet	to feet	length feet	from meters	to meters	length in meters	Gold grade gms Au/mt
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86-04	0.253	34.51	39.01	4.49	10.52	11.89	1.37	8.66
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86-09	0.290	154.99	160.01	5.02	47.24	48.77	1.53	9.93
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86-10	0.125	146.00	150.98	4.99	44.50	46.02	1.52	4.28
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86-15	0.284	135.01	141.01	6.00	41.15	42.98	1.83	9.73
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86-16	0.175	185.99	197.01	11.02	56.69	60.05	3.36	5.99
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87-29	0.166	137.80	141.08	3.28	42.00	43.00	1.00	5.68
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87-29	0.737	149.77	178.05	28.28	45.65	54.27	8.62	25.24
--------------------------------------------------------------------------------------------------------------------------------
87-29	0.274	170.90	178.00	7.10	52.09	54.25	2.16	9.38
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87-30	0.144	263.00	273.00	10.00	80.16	83.21	3.05	4.93
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87-30	0.127	296.26	301.51	5.25	90.30	91.90	1.60	4.35
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87-30	0.092	311.90	329.00	17.10	95.07	100.28	5.21	3.15
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87-36	0.063	149.93	175.03	25.10	45.70	53.35	7.65	2.16
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87-37	0.104	212.90	234.60	21.70	64.89	71.51	6.61	3.56
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87-42	0.991	256.70	265.70	9.00	78.24	80.99	2.74	33.94
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87-45	0.169	216.50	221.50	5.00	65.99	67.51	1.52	5.79
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87-45	0.125	226.40	232.90	6.50	69.01	70.99	1.98	4.28
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7-46	0.119	93.40	98.10	4.70	28.47	29.90	1.43	4.08
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87-46	0.107	105.00	119.80	14.80	32.00	36.52	4.51	3.66
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87-46	0.074	137.96	188.98	51.02	42.05	57.60	15.55	2.53
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87-46	0.111	170.90	186.00	15.10	52.09	56.69	4.60	3.80
--------------------------------------------------------------------------------------------------------------------------------
87-46	0.133	259.19	279.04	19.85	79.00	85.05	6.05	4.55
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87-47	0.110	221.10	226.70	5.60	67.39	69.10	1.71	3.77
--------------------------------------------------------------------------------------------------------------------------------
87-47	0.980	245.10	248.10	3.00	74.71	75.62	0.91	33.56
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88-51	0.540	125.00	132.20	7.20	38.10	40.29	2.19	18.49
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88-61	0.082	148.29	153.22	4.92	45.20	46.70	1.50	2.81
--------------------------------------------------------------------------------------------------------------------------------
88-61	0.278	233.90	236.90	3.00	71.29	72.21	0.91	9.52
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--------------------------------------------------------------------------------------------------------------------------------
88-62	0.119	356.60	366.50	9.90	108.69	111.71	3.02	4.08
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88-67	0.091	332.19	337.11	4.92	101.25	102.75	1.50	3.12
--------------------------------------------------------------------------------------------------------------------------------
88-69	0.107	373.40	378.80	5.40	113.81	115.46	1.65	3.66
--------------------------------------------------------------------------------------------------------------------------------
88-73	0.168	505.25	509.84	4.59	154.00	155.40	1.40	5.75
--------------------------------------------------------------------------------------------------------------------------------
89-76	0.118	395.01	401.05	6.04	120.40	122.24	1.84	4.04
--------------------------------------------------------------------------------------------------------------------------------
89-78	0.041	235.89	257.48	21.59	71.90	78.48	6.58	1.40
--------------------------------------------------------------------------------------------------------------------------------
89-80	0.211	262.93	268.01	5.09	80.14	81.69	1.55	7.23
--------------------------------------------------------------------------------------------------------------------------------
89-80	0.197	322.87	325.69	2.82	98.41	99.27	0.86	6.75
--------------------------------------------------------------------------------------------------------------------------------
89-80	0.202	343.34	347.83	4.49	104.65	106.02	1.37	6.92
--------------------------------------------------------------------------------------------------------------------------------
89-82	0.185	323.00	332.41	9.42	98.45	101.32	2.87	6.34
--------------------------------------------------------------------------------------------------------------------------------
89-89	0.720	615.72	618.01	2.30	187.67	188.37	0.70	24.66
--------------------------------------------------------------------------------------------------------------------------------
89-89	0.280	611.61	618.01	6.40	186.42	188.37	1.95	9.59
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89-91	1.256	441.31	445.41	4.10	134.51	135.76	1.25	43.01
--------------------------------------------------------------------------------------------------------------------------------
89-91	0.726	441.31	450.66	9.35	134.51	137.36	2.85	24.86
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89-92	1.590	427.00	430.74	3.74	130.15	131.29	1.14	54.45
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89-97	0.224	462.60	470.90	8.30	141.00	143.53	2.53	7.67
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R88-02	0.076	102.03	136.98	34.94	31.10	41.75	10.65	2.60
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R88-02	0.049	247.00	332.00	85.00	75.29	101.19	25.91	1.68
--------------------------------------------------------------------------------------------------------------------------------
R88-03	0.100	73.00	77.92	4.92	22.25	23.75	1.50	3.42
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R88-04	0.027	19.72	34.94	15.22	6.01	10.65	4.64	0.92
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R88-07	0.503	88.90	104.00	15.10	27.10	31.70	4.60	17.23
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R88-09	0.089	52.99	58.07	5.09	16.15	17.70	1.55	3.05
--------------------------------------------------------------------------------------------------------------------------------
R88-15	0.100	145.01	155.02	10.01	44.20	47.25	3.05	3.42
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R88-15	0.101	149.93	155.02	5.09	45.70	47.25	1.55	3.46
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R88-15	0.108	274.93	284.94	10.01	83.80	86.85	3.05	3.70
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--------------------------------------------------------------------------------------------------------------------------------
R88-17	0.224	55.00	80.00	25.00	16.76	24.38	7.62	7.67
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R88-17	0.462	385.01	405.02	20.01	117.35	123.45	6.10	15.82
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R88-16	0.074	75.00	185.00	110.00	22.86	56.39	33.53	2.53
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R88-18	0.165	221.46	225.07	3.61	67.50	68.60	1.10	5.65
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R88-18	0.228	245.08	254.92	9.84	74.70	77.70	3.00	7.81
--------------------------------------------------------------------------------------------------------------------------------
R88-18	0.088	294.95	304.95	10.01	89.90	92.95	3.05	3.01
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R88-19	0.270	135.00	140.00	5.00	41.15	42.67	1.52	9.25
--------------------------------------------------------------------------------------------------------------------------------
R88-19	0.113	135.01	149.93	14.93	41.15	45.70	4.55	3.87
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R88-19	0.110	195.05	199.97	4.92	59.45	60.95	1.50	3.77
--------------------------------------------------------------------------------------------------------------------------------
R88-21	0.124	50.03	54.95	4.92	15.25	16.75	1.50	4.25
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R88-22	0.244	314.96	330.05	15.09	96.00	100.60	4.60	8.36
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R88-22	0.084	315.00	406.00	91.00	96.01	123.75	27.74	2.88
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R88-22	0.106	364.17	383.86	19.69	111.00	117.00	6.00	3.63
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R88-23	0.042	183.73	209.97	26.25	56.00	64.00	8.00	1.44
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R88-24	0.097	34.94	40.03	5.09	10.65	12.20	1.55	3.32
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R88-24	0.087	60.04	64.96	4.92	18.30	19.80	1.50	2.98
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R88-24	0.030	98.43	144.36	45.93	30.00	44.00	14.00	1.03
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R88-24	0.054	225.00	320.00	95.00	68.58	97.54	28.96	1.85
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R88-24	0.102	260.01	264.93	4.92	79.25	80.75	1.50	3.49
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R88-24	0.072	274.93	280.02	5.09	83.80	85.35	1.55	2.47
--------------------------------------------------------------------------------------------------------------------------------
R88-24	0.089	280.02	284.94	4.92	85.35	86.85	1.50	3.05
--------------------------------------------------------------------------------------------------------------------------------
R88-24	0.227	288.71	291.99	3.28	88.00	89.00	1.00	7.77
--------------------------------------------------------------------------------------------------------------------------------
R88-24	0.112	305.12	310.04	4.92	93.00	94.50	1.50	3.84
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R88-25	0.050	324.80	360.89	36.09	99.00	110.00	11.00	1.71
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R88-30	0.124	80.05	84.97	4.92	24.40	25.90	1.50	4.25
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R88-31	0.058	62.34	101.71	39.37	19.00	31.00	12.00	1.99
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R88-32	0.136	65.00	120.00	55.00	19.81	36.58	16.76	4.66
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R88-32	0.171	70.05	74.97	4.92	21.35	22.85	1.50	5.86
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R88-33	0.113	20.01	24.93	4.92	6.10	7.60	1.50	3.87
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R88-33	0.050	104.99	129.92	24.93	32.00	39.60	7.60	1.71
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R88-33	0.088	399.93	405.02	5.09	121.9	123.45	1.55	3.01
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R88-34	0.083	400.26	410.10	9.84	122.00	125.00	3.00	2.84
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R93-11	0.197	130.00	140.00	10.00	39.62	42.67	3.05	6.75
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R93-12	1.840	115.00	120.00	5.00	35.05	36.58	1.52	63.01
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R93-12	1.210	140.00	145.00	5.00	42.67	44.20	1.52	41.44
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R93-12	0.382	130.00	150.00	20.00	39.62	45.72	6.10	13.09
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R93-12	0.208	200.00	210.00	10.00	60.96	64.01	3.05	7.12
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R93-12	0.113	175.00	210.00	35.00	53.34	64.01	10.67	3.87
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R93-16	0.692	120.00	125.00	5.00	36.58	38.10	1.52	23.70
--------------------------------------------------------------------------------------------------------------------------------
R93-17	0.408	105.00	110.00	5.00	32.00	33.53	1.52	13.97
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R93-17	2.750	125.00	130.00	5.00	38.10	39.62	1.52	94.18
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R93-17	1.640	125.00	135.00	10.00	38.10	41.15	3.05	56.16
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R93-19	1.045	100.00	155.00	55.00	30.48	47.24	16.76	35.79
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R93-19	0.283	175.00	180.00	5.00	53.34	54.86	1.52	9.69
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87-TR4	1.840	6.40	10.99	4.59	1.95	3.35	1.40	63.01
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87-TR21	2.052	0.00	7.87	7.87	0.00	2.40	2.40	70.27
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87-TR21	0.372	0.00	7.87	7.87	0.00	2.40	2.40	12.74
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87-TR22	0.110	37.07	54.13	17.06	11.30	16.50	5.20	3.77
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93-TR770	0.370	0.00	18.24	18.24	0.00	5.56	5.56	12.67
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93-TR946	0.980	10.89	13.52	2.62	3.32	4.12	0.80	33.56
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93-TR957	2.650	19.23	20.77	1.54	5.86	6.33	0.47	90.75
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93-TR957	0.696	18.57	24.70	6.14	5.66	7.53	1.87	23.84
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93-TR988	0.549	54.49	57.28	2.79	16.61	17.46	0.85	18.80
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2004 Program
In addition to the intercepts in the table above, the 2004 drilling program intersected significant gold bearing intersections in 15 of the 17 holes drilled, notably:
DDH# 04-01 intersected 10.2 meters grading 5.28 grams per ton including 1.6 meters grading 29.6 grams per ton gold, and,
DDH# 04-02 intersected 11.6 meters grading 10.39 grams gold per ton including 3.1 meters grading 34.02 grams per ton gold; and,
Importantly, DDH# 04-12 intercepted 1.3 meters grading 176 grams per ton gold in a new shear zone.
This new zone, located on a tuffaceous bed, is located 53 metres east of the main shear zone and represents a totally new zone as none of the previous drill holes went as far east as this hole. The zone is cut off by several postmineral dikes in the core, possibly indicating the presence of a second parallel shear structure. If so, this would be the first confirmation of bonanza high-grade gold values (greater than one ounce per ton gold) on a parallel shear structure, opening the possibility that similar high-grade zones may be present, along the numerous other shears identified during surface work. The entire strike length of the new shear structure is unexplored as none of the previous drill holes were near its projection.
Also See "Top 40 Gold Intercepts" at http://www.foxgold.ca/images/40holes.jpg
The 2004 soil geochemical survey identified numerous and as yet untested gold in soil anomalies as much as 2,000 meters north of the Main Shear Zone drilling which appear to trend in the same northeast and northwest direction as the gold mineralization found in the shear zones around the Main Shear Zone. Gold mineralization found in a road cut 3,000 meters north of the Main Shear Zone drilling assayed 9.5 grams per ton gold.

Running Fox believes that these untested soil anomalies represent significant exploration targets that are similar in geology and grade of gold mineralization to that found around the Main Shear Zone.
Post transaction, Running Fox will have approx. 49 million shares outstanding.
The Company has recurring cash flow and after recent progress, very little debt.
In addition, the Company owns other assets.
Running Fox will be planning a 2011 exploration campaign at the Brett property that will also include drilling and trenching of soil anomalies, as the prior program opened up large areas for exploration and the development of additional gold bearing zones.
Complete maps, geochem, and drilling history are available for review/download on the Running Fox website.
The project has significant early stage block calculations on a small portion of one shear zone - and there are numerous shear zones, running under large undrilled geochem zones with good gold values over large areas, (see Geochem in Assessment Report).
Following further drilling a new 43-101 Technical Report will be requested that will include all drilling and a qualifying resource calculation.
See the brief 3D Geological and drillhole movie on website www.foxgold.ca.
To view the, 3D image of footwall, please click on the following link: http://media3.marketwire.com/docs/0221run.jpg
Steven Schurman, CEO, Professional Geologist (US), is the named Qualified Person for the technical contents of this news release.
Note: Source for all intercepts are 43-101 Technical Report, and Brett Gold Assessment Report available at www.foxgold.ca and on SEDAR.
On behalf of the Board of Directors: Steven Schurman, P. Geol (US), CEO, Director
The Company relies on legislation applicable to forward looking statements, seeking safe harbour.
Contact:
Steven Schurman, P. Geol (US)
Running Fox Resource Corp.
CEO, Director
1 303 619 5234 or 604 725 8868
www.foxgold.ca

TSX Energy and Resource Stocks Trading Alert; (TSX-V: ARW), (TSX-V: RUN), (TSX: SU), (TSX: CLL)

Point Roberts WA- February 23, 2011 (Investorideas.com Energy Newswire) – www.Investorideas.com reports on TSX resource and energy stocks trading as commodities continue to be market leaders. Oil stocks grab investor attention as it spikes to over $99 today(Oil 99.56 +4.12 +4.32%).

Investorideas.com also reports it has created a new investor group on Linkedin.com for oil and gas stocks as energy stocks are in focus.
Energy stocks ; News and Info on Oil and Gas Stocks
http://www.linkedin.com/e/ez47wj-gkhh3aly-4r/vgh/3799535/
Resource Stocks trading; Gold and Energy Stocks
Trading February 22nd (at time of release)

• Aroway Energy Inc. (TSX.V: ARW) trading at $0.31
• Running Fox Resource Corp. (TSX.V: RUN) trading at $0.31 up 0.04, (12.73%) on over 700,000 shares in volume
• Suncor Energy Inc. (TSX: SU) trading at $46.83, up 1.77 (3.93%) on over 6 Million shares in Volume
• Connacher Oil and Gas Limited (TSX: CLL) trading at $1.42, on over 2Million shares in volume

Market Summary (at time of release)

• Dow 12,101.35 -111.44 -0.91%
• Nasdaq 2,711.65 -44.77 -1.62%
• S&P 500 1,303.56 -11.88 -0.90%
• 10 Yr Bond(%) 3.4420% -0.0190
• Oil 99.56 +4.12 +4.32%
• Gold 1,413.80 +13.30 +0.95%

Recent Energy Stocks News:
Aroway Energy Inc. (TSX-V: ARW)
Oil and Gas Stocks; Aroway Energy Inc. (TSX-V: ARW; PINK: ARWJF) Executes Option on Additional 29 Sections
CALGARY, ALBERTA - AROWAY ENERGY INC. (TSX VENTURE:ARW - News; PINK SHEETS:ARWJF - News; www.arowayenergy.com) (the "Company") is pleased to announce that the Company and its joint venture partner ("Partner") have entered into a rolling farmout agreement ("Agreement") with a private oil and gas company (the "Farmor") with access to 29 sections, of 3D seismically defined land (the "Lands") located within the Company's and its Partner's core area of interest in the Peace River Arch area of Northern Alberta.
The terms of the agreement commit the Partnership to drill 1 well on the Farmor's Lands before February 28, 2011, and a second well on the Lands before August 1st, 2011. Each well drilled on the Lands earns the spacing unit. The Partnership will also have the option to continue the Agreement by committing to drill a well on the undrilled Lands every 90 days from the rig release of the previously drilled well, subject to weather and ground conditions. Together with its partner, the Company also purchased approximately 45 square kms of proprietary 3D data which covers a substantial portion of the Agreement Lands, for $330,000 net to Aroway. The Company's Partner has already identified several drillable prospects within the Agreement Lands.
Full news:http://www.investorideas.com/CO/ARW/news/2011/02141.asp
Connacher Oil and Gas Limited (TSX: CLL)
Connacher Announces Closing of the Sale of its Battrum Properties in Southwestern Saskatchewan
CALGARY , Feb. 15 / - Connacher Oil and Gas Limited (CLL - TSX) announced today the closing of its previously-announced Battrum property sale for $57.5 million, prior to normal closing adjustments. The effective date of the sale was January 1, 2011. Proceeds from the sale of the Battrum properties were added to Connacher's cash balances and working capital, thereby reducing net debt.
Full News at: http://finance.yahoo.com/news/Connacher-Announces-Closing-cnw-2727810981.html?x=0&.v=1
Suncor Energy Inc. (TSX: SU)
About Suncor Energy Inc. (TSX: SU):
Suncor Energy Inc. is Canada's premier integrated energy company. Suncor's operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand. While working to responsibly develop petroleum resources, Suncor is also developing a growing renewable energy portfolio. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.
Recent Resource News;
Gold and Mining Stocks; Running Fox Resource Corp. (TSX.V: RUN) Approves High Grade Gold Project-SEE DRILL TABLE BELOW
Visit this company: www.foxgold.ca
VANCOUVER , BRITISH COLUMBIA - February 23, 2011 (Investorideas.com newswire) Steven Schurman, P. Geol (US), CEO, Director, reports:
Running Fox Resources (TSX VENTURE:RUN; PINK SHEETS:RFXRF; FRANKFURT:C8Q) is pleased to report that it has received formal Toronto Stock Exchange - Venture approval for its agreement to acquire the remaining 50% of the its high grade Brett Gold Project, Running Fox will then own 100%.
The Teck Cominco smelter receipts for the net recovered grades for the whole bulk sample proved ore averaged 28 grams per tonne gold plus 64 grams per tonne silver.
A review of drilling results at the Brett Gold Project includes 16 metres of 35 grams per ton gold.
Full Article: http://www.investorideas.com/news/2011/mining/02231.asp
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Investorideas.com Reports on Gold Stocks and Energy Stocks Online Search Trends

POINT ROBERTS, Wash., February 23, 2011 - www.InvestorIdeas.com, a global investor research portal, specializing in sector investing including gold/mining stocks and energy stocks, reports on online search trends from Google Trends and Investorideas.com site stats.

Gold stocks did not make the top ten this week at Investoideas.com but energy stocks, both natural gas and renewable energy, were dominant in the top searches .
One of the most read articles/pages on Investorideas.com this month featured the number one search phrase at Investorideas.com , electric car manufacturer, Tesla Motors, Inc. (NASDAQ: TSLA).
Electric Car Stocks Investor Alert; Tesla Motors, Inc. (NASDAQ: TSLA) Reports Strong Sequential Revenue Growth
Company Snapshots for Tesla Motors, Inc. (NASDAQ: TSLA), EVCARCO (OTCBB: EVCA)
February 16, 2011 (investorideas.com renewable energy/green news) Investorideas.com a leader in cleantech investor research, reports on electric car stocks and battery stocks trading following better than expected earnings news from Tesla Motors, Inc. (NASDAQ: TSLA).
Full news: http://www.investorideas.com/news/2011/renewable-energy/02162.asp
The Google Trends report on comparing search trends for gold stocks and energy stocks, shows an almost identical mapping pattern from 2005 forward.
Google Trends: Gold Stocks; Energy Stocks
Scale is based on the average worldwide traffic of energy stocks in all years. Learn more

Top 10 investor searches at Investorideas.com

1. NASDAQ:TSLA -Tesla Motors, Inc.
2. natural gas stocks
3. water stocks
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5. NASDAQ:BPAX -BioSante Pharmaceuticals, Inc.
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10. coal stocks

* source Google analytics
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Gold Stocks News: Running Fox Resource (TSX V:RUN): Approves High Grade Gold Project

VANCOUVER, BRITISH COLUMBIA - February 23, 2011 (Investorideas.com newswire) Steven Schurman, P. Geol (US), CEO, Director, reports:
Running Fox Resources (TSX VENTURE:RUN; PINK SHEETS:RFXRF; FRANKFURT:C8Q) is pleased to report that it has received formal Toronto Stock Exchange - Venture approval for its agreement to acquire the remaining 50% of the its high grade Brett Gold Project, Running Fox will then own 100%.
The Teck Cominco smelter receipts for the net recovered grades for the whole bulk sample proved ore averaged 28 grams per tonne gold plus 64 grams per tonne silver.
A review of drilling results at the Brett Gold Project includes 16 metres of 35 grams per ton gold.

Brett Gold Property - from 43-101 Technical Report Table of Significant Intersections selected intercepts all over minimum width/grade, Gold values only, Silver To Be Determined

Hole # number	Grade oz Au/t	from feet	to feet	length feet	from meters	to meters	length in meters	Gold grade gms Au/mt
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86-04	0.253	34.51	39.01	4.49	10.52	11.89	1.37	8.66
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86-09	0.290	154.99	160.01	5.02	47.24	48.77	1.53	9.93
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86-10	0.125	146.00	150.98	4.99	44.50	46.02	1.52	4.28
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86-15	0.284	135.01	141.01	6.00	41.15	42.98	1.83	9.73
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86-16	0.175	185.99	197.01	11.02	56.69	60.05	3.36	5.99
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87-29	0.166	137.80	141.08	3.28	42.00	43.00	1.00	5.68
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87-29	0.737	149.77	178.05	28.28	45.65	54.27	8.62	25.24
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87-29	0.274	170.90	178.00	7.10	52.09	54.25	2.16	9.38
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87-30	0.144	263.00	273.00	10.00	80.16	83.21	3.05	4.93
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87-30	0.127	296.26	301.51	5.25	90.30	91.90	1.60	4.35
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87-30	0.092	311.90	329.00	17.10	95.07	100.28	5.21	3.15
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87-36	0.063	149.93	175.03	25.10	45.70	53.35	7.65	2.16
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87-37	0.104	212.90	234.60	21.70	64.89	71.51	6.61	3.56
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87-42	0.991	256.70	265.70	9.00	78.24	80.99	2.74	33.94
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87-45	0.169	216.50	221.50	5.00	65.99	67.51	1.52	5.79
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87-45	0.125	226.40	232.90	6.50	69.01	70.99	1.98	4.28
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7-46	0.119	93.40	98.10	4.70	28.47	29.90	1.43	4.08
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87-46	0.107	105.00	119.80	14.80	32.00	36.52	4.51	3.66
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87-46	0.074	137.96	188.98	51.02	42.05	57.60	15.55	2.53
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87-46	0.111	170.90	186.00	15.10	52.09	56.69	4.60	3.80
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87-46	0.133	259.19	279.04	19.85	79.00	85.05	6.05	4.55
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87-47	0.110	221.10	226.70	5.60	67.39	69.10	1.71	3.77
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87-47	0.980	245.10	248.10	3.00	74.71	75.62	0.91	33.56
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88-51	0.540	125.00	132.20	7.20	38.10	40.29	2.19	18.49
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88-61	0.082	148.29	153.22	4.92	45.20	46.70	1.50	2.81
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88-61	0.278	233.90	236.90	3.00	71.29	72.21	0.91	9.52
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88-62	0.119	356.60	366.50	9.90	108.69	111.71	3.02	4.08
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88-67	0.091	332.19	337.11	4.92	101.25	102.75	1.50	3.12
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88-69	0.107	373.40	378.80	5.40	113.81	115.46	1.65	3.66
--------------------------------------------------------------------------------------------------------------------------------
88-73	0.168	505.25	509.84	4.59	154.00	155.40	1.40	5.75
--------------------------------------------------------------------------------------------------------------------------------
89-76	0.118	395.01	401.05	6.04	120.40	122.24	1.84	4.04
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89-78	0.041	235.89	257.48	21.59	71.90	78.48	6.58	1.40
--------------------------------------------------------------------------------------------------------------------------------
89-80	0.211	262.93	268.01	5.09	80.14	81.69	1.55	7.23
--------------------------------------------------------------------------------------------------------------------------------
89-80	0.197	322.87	325.69	2.82	98.41	99.27	0.86	6.75
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89-80	0.202	343.34	347.83	4.49	104.65	106.02	1.37	6.92
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89-82	0.185	323.00	332.41	9.42	98.45	101.32	2.87	6.34
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89-89	0.720	615.72	618.01	2.30	187.67	188.37	0.70	24.66
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89-89	0.280	611.61	618.01	6.40	186.42	188.37	1.95	9.59
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89-91	1.256	441.31	445.41	4.10	134.51	135.76	1.25	43.01
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89-91	0.726	441.31	450.66	9.35	134.51	137.36	2.85	24.86
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--------------------------------------------------------------------------------------------------------------------------------
89-92	1.590	427.00	430.74	3.74	130.15	131.29	1.14	54.45
--------------------------------------------------------------------------------------------------------------------------------
89-97	0.224	462.60	470.90	8.30	141.00	143.53	2.53	7.67
--------------------------------------------------------------------------------------------------------------------------------
R88-02	0.076	102.03	136.98	34.94	31.10	41.75	10.65	2.60
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R88-02	0.049	247.00	332.00	85.00	75.29	101.19	25.91	1.68
--------------------------------------------------------------------------------------------------------------------------------
R88-03	0.100	73.00	77.92	4.92	22.25	23.75	1.50	3.42
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R88-04	0.027	19.72	34.94	15.22	6.01	10.65	4.64	0.92
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R88-07	0.503	88.90	104.00	15.10	27.10	31.70	4.60	17.23
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R88-09	0.089	52.99	58.07	5.09	16.15	17.70	1.55	3.05
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R88-15	0.100	145.01	155.02	10.01	44.20	47.25	3.05	3.42
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R88-15	0.101	149.93	155.02	5.09	45.70	47.25	1.55	3.46
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R88-15	0.108	274.93	284.94	10.01	83.80	86.85	3.05	3.70
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R88-17	0.224	55.00	80.00	25.00	16.76	24.38	7.62	7.67
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R88-17	0.462	385.01	405.02	20.01	117.35	123.45	6.10	15.82
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R88-16	0.074	75.00	185.00	110.00	22.86	56.39	33.53	2.53
--------------------------------------------------------------------------------------------------------------------------------
R88-18	0.165	221.46	225.07	3.61	67.50	68.60	1.10	5.65
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R88-18	0.228	245.08	254.92	9.84	74.70	77.70	3.00	7.81
--------------------------------------------------------------------------------------------------------------------------------
R88-18	0.088	294.95	304.95	10.01	89.90	92.95	3.05	3.01
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R88-19	0.270	135.00	140.00	5.00	41.15	42.67	1.52	9.25
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R88-19	0.113	135.01	149.93	14.93	41.15	45.70	4.55	3.87
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R88-19	0.110	195.05	199.97	4.92	59.45	60.95	1.50	3.77
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R88-21	0.124	50.03	54.95	4.92	15.25	16.75	1.50	4.25
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R88-22	0.244	314.96	330.05	15.09	96.00	100.60	4.60	8.36
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R88-22	0.084	315.00	406.00	91.00	96.01	123.75	27.74	2.88
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R88-22	0.106	364.17	383.86	19.69	111.00	117.00	6.00	3.63
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R88-23	0.042	183.73	209.97	26.25	56.00	64.00	8.00	1.44
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R88-24	0.097	34.94	40.03	5.09	10.65	12.20	1.55	3.32
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R88-24	0.087	60.04	64.96	4.92	18.30	19.80	1.50	2.98
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R88-24	0.030	98.43	144.36	45.93	30.00	44.00	14.00	1.03
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R88-24	0.054	225.00	320.00	95.00	68.58	97.54	28.96	1.85
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R88-24	0.102	260.01	264.93	4.92	79.25	80.75	1.50	3.49
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R88-24	0.072	274.93	280.02	5.09	83.80	85.35	1.55	2.47
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R88-24	0.089	280.02	284.94	4.92	85.35	86.85	1.50	3.05
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R88-24	0.227	288.71	291.99	3.28	88.00	89.00	1.00	7.77
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R88-24	0.112	305.12	310.04	4.92	93.00	94.50	1.50	3.84
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R88-25	0.050	324.80	360.89	36.09	99.00	110.00	11.00	1.71
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R88-30	0.124	80.05	84.97	4.92	24.40	25.90	1.50	4.25
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R88-31	0.058	62.34	101.71	39.37	19.00	31.00	12.00	1.99
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R88-32	0.136	65.00	120.00	55.00	19.81	36.58	16.76	4.66
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R88-32	0.171	70.05	74.97	4.92	21.35	22.85	1.50	5.86
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R88-33	0.113	20.01	24.93	4.92	6.10	7.60	1.50	3.87
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R88-33	0.050	104.99	129.92	24.93	32.00	39.60	7.60	1.71
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R88-33	0.088	399.93	405.02	5.09	121.9	123.45	1.55	3.01
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R88-34	0.083	400.26	410.10	9.84	122.00	125.00	3.00	2.84
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R93-11	0.197	130.00	140.00	10.00	39.62	42.67	3.05	6.75
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R93-12	1.840	115.00	120.00	5.00	35.05	36.58	1.52	63.01
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R93-12	1.210	140.00	145.00	5.00	42.67	44.20	1.52	41.44
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R93-12	0.382	130.00	150.00	20.00	39.62	45.72	6.10	13.09
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R93-12	0.208	200.00	210.00	10.00	60.96	64.01	3.05	7.12
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R93-12	0.113	175.00	210.00	35.00	53.34	64.01	10.67	3.87
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R93-16	0.692	120.00	125.00	5.00	36.58	38.10	1.52	23.70
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R93-17	0.408	105.00	110.00	5.00	32.00	33.53	1.52	13.97
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R93-17	2.750	125.00	130.00	5.00	38.10	39.62	1.52	94.18
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R93-17	1.640	125.00	135.00	10.00	38.10	41.15	3.05	56.16
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R93-19	1.045	100.00	155.00	55.00	30.48	47.24	16.76	35.79
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R93-19	0.283	175.00	180.00	5.00	53.34	54.86	1.52	9.69
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87-TR4	1.840	6.40	10.99	4.59	1.95	3.35	1.40	63.01
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87-TR21	2.052	0.00	7.87	7.87	0.00	2.40	2.40	70.27
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87-TR21	0.372	0.00	7.87	7.87	0.00	2.40	2.40	12.74
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87-TR22	0.110	37.07	54.13	17.06	11.30	16.50	5.20	3.77
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93-TR770	0.370	0.00	18.24	18.24	0.00	5.56	5.56	12.67
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93-TR946	0.980	10.89	13.52	2.62	3.32	4.12	0.80	33.56
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93-TR957	2.650	19.23	20.77	1.54	5.86	6.33	0.47	90.75
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93-TR957	0.696	18.57	24.70	6.14	5.66	7.53	1.87	23.84
--------------------------------------------------------------------------------------------------------------------------------
93-TR988	0.549	54.49	57.28	2.79	16.61	17.46	0.85	18.80
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2004 Program
In addition to the intercepts in the table above, the 2004 drilling program intersected significant gold bearing intersections in 15 of the 17 holes drilled, notably:
DDH# 04-01 intersected 10.2 meters grading 5.28 grams per ton including 1.6 meters grading 29.6 grams per ton gold, and,
DDH# 04-02 intersected 11.6 meters grading 10.39 grams gold per ton including 3.1 meters grading 34.02 grams per ton gold; and,
Importantly, DDH# 04-12 intercepted 1.3 meters grading 176 grams per ton gold in a new shear zone.
This new zone, located on a tuffaceous bed, is located 53 metres east of the main shear zone and represents a totally new zone as none of the previous drill holes went as far east as this hole. The zone is cut off by several postmineral dikes in the core, possibly indicating the presence of a second parallel shear structure. If so, this would be the first confirmation of bonanza high-grade gold values (greater than one ounce per ton gold) on a parallel shear structure, opening the possibility that similar high-grade zones may be present, along the numerous other shears identified during surface work. The entire strike length of the new shear structure is unexplored as none of the previous drill holes were near its projection.
Also See "Top 40 Gold Intercepts" at http://www.foxgold.ca/images/40holes.jpg
The 2004 soil geochemical survey identified numerous and as yet untested gold in soil anomalies as much as 2,000 meters north of the Main Shear Zone drilling which appear to trend in the same northeast and northwest direction as the gold mineralization found in the shear zones around the Main Shear Zone. Gold mineralization found in a road cut 3,000 meters north of the Main Shear Zone drilling assayed 9.5 grams per ton gold.

Running Fox believes that these untested soil anomalies represent significant exploration targets that are similar in geology and grade of gold mineralization to that found around the Main Shear Zone.
Post transaction, Running Fox will have approx. 49 million shares outstanding.
The Company has recurring cash flow and after recent progress, very little debt.
In addition, the Company owns other assets.
Running Fox will be planning a 2011 exploration campaign at the Brett property that will also include drilling and trenching of soil anomalies, as the prior program opened up large areas for exploration and the development of additional gold bearing zones.
Complete maps, geochem, and drilling history are available for review/download on the Running Fox website.
The project has significant early stage block calculations on a small portion of one shear zone - and there are numerous shear zones, running under large undrilled geochem zones with good gold values over large areas, (see Geochem in Assessment Report).
Following further drilling a new 43-101 Technical Report will be requested that will include all drilling and a qualifying resource calculation.
See the brief 3D Geological and drillhole movie on website www.foxgold.ca.
To view the, 3D image of footwall, please click on the following link: http://media3.marketwire.com/docs/0221run.jpg
Steven Schurman, CEO, Professional Geologist (US), is the named Qualified Person for the technical contents of this news release.
Note: Source for all intercepts are 43-101 Technical Report, and Brett Gold Assessment Report available at www.foxgold.ca and on SEDAR.
On behalf of the Board of Directors: Steven Schurman, P. Geol (US), CEO, Director
The Company relies on legislation applicable to forward looking statements, seeking safe harbour.
Contact:
Steven Schurman, P. Geol (US)
Running Fox Resource Corp.
CEO, Director
1 303 619 5234 or 604 725 8868
www.foxgold.ca