West Vancouver, British Columbia--(Newsfile Corp. - June 18, 2018) - Rainy Mountain Royalty Corp. (TSXV: RMO) (FSE: EK7N) (the
"Company" or "Rainy Mountain") has been a successful project generator since 1992, and as summarized below, has a number of active
property projects underway.
Highlights:
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$4 million dollar exploration program completed on "Marshall Lake" copper-zinc-gold-silver (Cu-Zn-Au-Ag) exploration
property, Ontario
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Excellent grades intersected on Marshall Lake Property leads to further exploration recommendations
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Rainy Mountain plans to expand base metal-gold holdings
Marshall Lake Property Project, Ontario
The Company's largest exploration project is the Marshall Lake copper-zinc-silver-gold exploration property, which has been
underway since 2006. Originally, exploration began as a joint venture with Marshall Lake Mining PLC, a UK based company (formerly
Eyeconomy Holdings PLC). Then in 2010, Copper Lake Resources Ltd. ("CPL") (formerly White Tiger Mining Corp.) was granted an option
to acquire an interest in the Marshall Lake Property project by undertaking to incur exploration expenditures of $4 million on the
Property over 5 years and issuing 2 million shares to Rainy Mountain. Two one-year extensions were subsequently granted to CPL by
Rainy Mountain (with the issuance of an additional 1.1 million shares of CPL to Rainy Mountain), providing CPL with additional time
(to July 2018) to complete its cumulative $4 million exploration commitment. Also, in 2016, CPL acquired a 31.25% interest in the
project from Marshall Lake Mining PLC, that then gave CPL 64.75% interest in the Marshall Lake Property. Most recently, CPL has
indicated to Rainy Mountain that it has completed its required $4 million exploration expenditure requirements and has now earned a
75% interest in the Marshall Lake Property project, with Rainy Mountain owning the remaining 25% interest. As well, CPL currently
has the additional option to increase its interest to 87.5% by incurring such additional expenditures as are necessary in order to
take the Marshall Lake Property to bankable feasibility stage.
With respect to exploration results to date, the drill program completed by CPL this year yielded high grade values in the
Billiton Main Zone of 3.2% Cu, 8.35% Zn, 8.01 g/t Au, 367 g/t Ag over 1.0 m suggesting further work be done in this area in an
effort to locate a massive sulphide mound. On the Gazooma Zone, a 25.3 m intersection of 1.07% Cu and 20.1 g/t Ag was located,
suggesting to the Company's VP Exploration, Robert Middleton, that the copper zone in this area could be expanded and linked to the
North Gazooma — RM Zone (1000 m to the north west) and to the Teck Hill Zone (600 m to the south east). Further exploration work
has been recommended (see CPL's news release of May 23, 2018 for more details).
Brunswick Property, Ontario
Rainy Mountain's most recent focus has been on the Company's optioned gold exploration property, the Brunswick Property, a 6
mile long (9.6 km) section of the Ridout Fault located in the Brunswick Twp., 140 km south of Timmins, Ontario. The Company
completed 15 drill holes on the Brunswick Property in February 2018 (see the Company's news release of March 1, 2018). A number of
anomalous gold intersections have been located associated with halo pathfinders such as arsenic and antimony within iron carbonate
altered shear zones suggesting the potential presence of a nearby gold zone. This setting is similar to shears in the Porcupine
Camp in Timmins, Ontario. An additional 3 km of the Brunswick Property have yet to be surveyed with lines and geophysics, and
numerous other drill targets remain to be tested on the west side of this very large property. Having spent over $1,100,000 since
2016, making the Brunswick Property a property of merit, the Company is presently considering whether to invite a potential joint
venture partner to participate in continuing exploration efforts on the Brunswick Property.
Rainy Mountain's Future Plans
Rainy Mountain will continue to advance itself as a project generator in the field of base metal (Copper-Zinc-Nickel-Cobalt) and
precious metal (gold—silver) exploration and development. In addition to the Marshall Lake and Brunswick Properties referred to
above, Rainy Mountain has ownership interests in a number of mineral resource properties in Ontario that may be optioned out or
joint ventured in the future.
Opportunities to acquire more advanced projects outside of Canada have also been considered by the Company, and in particular, a
potential transaction to acquire a large land position in Namibia (former South West Africa) covering old copper-gold-silver mine
producers, has been recently investigated.
This news release has been reviewed and approved by Robert S. Middleton, PEng, who is acting as the Qualified Person for the
Company's exploration property projects 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
FORWARD LOOKING STATEMENTS
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 the
Company's property projects, exploration results to date and plans related thereto, as well 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.
