Aliblaba

I have waited to respond to your question concerning the Brett till I felt for sure the remaining 50% purchase of the Brett was finalized. The Fox is finally in a position to start proving up the Brett Project's high grade Gold / Silver potential by starting a drill program this drilling season.

"So has anyone voiced even a speculative 'guestimate' as to what could be a resource there? You have any thoughts?"

IMHO I believe the Brett property will be a large ( ~ 55 SKLM ) extremely rich Bonanza Grade project with a speculative guestimate of 3 to 5 moz Gold and 6 to 10 moz Silver. The Silver credits should cover a good portion of the mining costs. With positive cash flow from their Oil & Gas group and very little debt I strongly feel that Running Fox is an undervalued Junior. I also believe that later this year the market is going to wake up to just how undervalued The Fox really is. See below NR cut discussion ( Points underlined by me ).

MISH

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 21, 2011) Running Fox Resources (TSX VENTURE:RUN - News; PINK SHEETS:RFXRF - News; FRANKFURT:C8Q - News) is pleased to report that it has received formal Toronto Stock Exchange - Venture approval for its agreement to acquire the remaining 50% of 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 { from simple surface excavated pits } 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.

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.

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.

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.