Rainy Mountain Announces Non-Brokered Private Placement

News Release No. 13-01

Trading symbol: TSX-V: RMO

Rainy Mountain Announces Non-Brokered Private Placement

West Vancouver, British Columbia – January 16, 2013 – Rainy Mountain Royalty Corp. (the “Company” or “Rainy Mountain”) announces that, subject to regulatory approval, the Company intends to proceed with a non-brokered private placement to raise up to $400,000 by the issuance of 8,000,000 non-flow through units (the “Units”) at $0.05 per Unit. Each Unit will consist of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share for a period of five years at an exercise price of $0.10. With respect to this private placement, the Company may pay finders’ fees in the amount of 10% (payable in cash or Units), with 10% finders’ warrants based on the sale of the Units purchased by subscribers introduced to the Company by such finders.

The Company intends to use the proceeds from this private placement for exploration expenditures and for general working capital purposes.

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.

2489 Bellevue Avenue, West Vancouver, BC V7V 1E1 Tel 604 922 2030 Fax 604 922 2037