West Vancouver, British Columbia--(Newsfile Corp. - October 12, 2017) - Rainy Mountain Royalty Corp. (TSXV: RMO) (FSE: EK7N)
(the "Company" or "Rainy Mountain") announces that it has completed an analysis of the assay data and results of the Company's
trenching program completed in August 2017 (see the Company's news release of August 28, 2017) at the Company's Brunswick gold
project. As a result, Rainy Mountain is proposing to move forward with a 1500m drill program of approximately 11-13 holes in order
to test three features that were exposed during the summer exploration program.
Trenching completed west of the original gold showing has located a distinct deformation zone (see photos of the trenching
program on the Company's web site at www.rmroyalty.com), which is flanked by an intense iron carbonate zone with sulphides. An
anomalous gold value of 0.388 g/t was obtained from this deformation zone with folded quartz veins 800m west of the original gold
showing. As such, approximately 4-5 drill holes are proposed in the zone to test this anomalous site and other locations along the
deformation zone where anomalous gold in soils have been observed. In addition, the section 300m west of the original gold showing
where a 32.9 g/t gold value was obtained in the original trenching conducted by Michael Tremblay (one of the optionors of the
Brunswick Property) will also be tested.
Trenching also exposed strong veining 200m west of hole BE17-04 with chalcopyrite and anomalous gold values of 0.322 g/t, and
0.172g/t Au associated with anomalous arsenic (As). Four more holes are proposed along this shear.
On the east part of the West Grid, three gold values of 6.6 g/t, 4.05 g/t, and 2.56 g/t were found on the east end of a 900m
long Induced Polarization ("IP") trend which may require 2-3 holes, as well as one hole to test a parallel IP trend that cannot be
reached by trenching equipment.
Budget permitting, additional lines are proposed on the east extension of the east grid to trace the extension of the original
gold zone and, if possible, additional lines will be cut and read with IP to the west tracing the anomalous arsenic and gold values
observed in the Company's June exploration efforts.
This news release has been reviewed and approved by Robert Middleton, P.Eng., who is acting as the Company's Qualified Person
for the Brunswick gold project, in accordance with regulations under NI 43-101.
For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922-2030, or visit the Company's website
at www.rmroyalty.com.
Rainy Mountain Royalty Corp.
"Douglas L. Mason"
Douglas L. Mason, Chief Executive Officer
Neither the 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 this release
This news release includes certain statements that may be deemed "forward-looking statements" within the meaning of
applicable securities legislation. All statements, other than statements of historical facts, that address such matters as future
exploration, drilling, exploration activities, potential mineralization and resources and events or developments that the Company
expects, are forward looking statements and, as such, are subject to risks, uncertainties and other factors of which are beyond the
reasonable control of the Company. Such statements are not guarantees of future performance and actual results or developments may
differ materially from those expressed in, or implied by, this forward-looking information. Factors that could cause actual results
to differ materially from those in forward-looking statements include such matters as market prices, exploitation and exploration
results, continued availability of capital and financing, and general economic, market or business conditions. Any forward-looking
statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of
the current date and subject to change after that date and the Company does not undertake any obligation to update publicly or to
revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be
required by applicable securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein
in the United States. The securities described herein have not been and will not be registered under the United States Securities
Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent
an exemption from the registration requirements of such Act.
