Mr. Steven Schurman reports

REPORT ON 2014 ANNUAL GENERAL MEETING

At Running Fox Resource Corp.'s July 17, 2014, annual and special meeting, all general and special resolutions put forth to the shareholders were approved by the shareholders. Following the meeting, Michael Meyers was reappointed as president and interim chief executive officer, and Chris Loosley was reappointed as chief financial officer.

Resolution voting results:

• Polls were taken for each general and special resolution, and voting was done by proxy rather than by a show of hands.
• Total shares voted were 14,293,514.
• Saturna Group LLC was reappointed as the company's auditor.
• All three incumbent directors were re-elected with the following "for" vote as percentages of the company's total issued and outstanding common shares:
• • A total of 99 per cent of the eligible common voting shares at the meeting voted for each of the three individual directors, with less than 1 per cent voting withheld.
  • A total of 99 per cent of the eligible common voting shares at the meeting voted for the advance notice policy resolution, with less than 1 per cent voting against.
  • A total of 98 per cent of the eligible common voting shares at the meeting voted for the incentive stock option plan, with 1.27 per cent voting against.
  • A total of 99 per cent of the eligible common voting shares at the meeting voted for the share consolidation resolution, with less than 1 per cent voting against.
• Additionally, at the meeting, and following the successful voting results of the share consolidation resolution, a special resolution was proposed for determination and voting by the shareholders to change the company's name as follows:
• • A special resolution authorizing the board to amend the articles of the corporation to change the name of the corporation to any name it deems appropriate in accordance with applicable corporate law and the policies of the TSX Venture Exchange;
  • The name change resolution was approved on a proxy vote count with 100 per cent of the total eligible common voting shares at the meeting voting for the name change resolution, with zero voting against.

The share consolidation, or share rollback, would be in a ratio of one new share for up to 12 old shares.

The number of postconsolidation shares issued and outstanding would be dependent on the specific ratio that the common shares will be consolidated.

The share consolidation will be subject to TSX Venture Exchange approvals if the ratio is one new for greater than 10 old, in any 24-month period.

Specifics of name change will be announced in due course as applicable. Completion of a name change is subject to TSX-V approvals.

Fractional postconsolidation common shares would not be issued, fractional shares resulting from a consolidation would be rounded down to the nearest whole number and no cash consideration will be paid in respect of fractional shares.