Rainy Mountain Royalty Corp V.RMO

Alternate Symbol(s): RMNXF

Metals & Mining Industrial Metals & Minerals

Rainy Mountain Royalty Corp. is a Canada-based mineral exploration project generator. The Company is engaged in the acquisition and exploration of mineral resource properties. The Company’s focus is to acquire early-stage exploration opportunities and deliver them drill target ready to joint venture partners. The Company holds multiple property interests in Ontario and is primarily focused on shear hosted gold and base metals properties with associated gold and silver credits. The Company’s projects are Marshall Lake property, and Brunswick Property. Its other properties consist of the Clay/Powell and Norton Lake Properties. The Marshall Lake property is in the Thunder Bay Mining Division, Ontario. Its Brunswick Property consist of 13-claim units located in Brunswick Twp., Ontario. It owns a 100% interest in claims located in the Thunder Bay Mining Division, Ontario. The Company holds a 30.21% interest in the Norton Lake Property.

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Rainy Mountain Royalty Corp

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Post by TERRIBLEon Mar 07, 2010 8:03am

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Post# 16852505

teamwork

(A) East West Resources [now Rainy Mountain Royalty] acquires----

(B) Black Panther Mining to explore----

.

a 234-claim-unit gold property, located approximately 60 kilometres north of Sault Ste. Marie and 48 km east of Batchawana Bay

(A) News Release No. 10-01

East West Resources Acquires Gold Property in Olsen Township,

Sault Ste Marie, Ontario

January 26, 2010

Under the Agreement, the Company is required to pay up to an aggregate of $100,000 over a five year period and issue up to an aggregate of 200,000 post-consolidated shares in four equal installments over an 18 month period.

(B) BLACK PANTHER ACQUIRES OPTION ON GOLD PROPERTY IN OLSEN TOWNSHIP, SAULT STE MARIE, ONTARIO

Black Panther Mining Corp., subject to regulatory approval, has entered into an an option agreement dated March 2, 2010, with Rainy Mountain Royalty Corp. of West Vancouver, B.C., to acquire up to a 50-per-cent interest………… . Under the agreement, the company is required to incur $250,000 in exploration expenditures on the property by March 2, 2011 (to acquire a 30-per-cent interest) and to incur an additional $250,000 in exploration expenditures on the property by March 2, 2012 (to acquire a 50-per-cent interest).