Rainy Mountain completes Shares for Debt

Trading symbol: TSX-V: RMO

News Release No. 10-10

Rainy Mountain completes Shares for Debt

West Vancouver, British Columbia – April 14, 2010 – Rainy Mountain Royalty Corp. (the “Company”), reports that, further to its news release of March 11, 2010, the Company has since received regulatory approval to the issuance of 754,524 shares in the settlement of $79,225 as owed to Robert Middleton, P.Eng. Accordingly, the Company has issued the shares to Mr. Middleton and the debt has been extinguished.

For further information, contact Mr. Clive Shallow, investor communications, at 604-922-2030 or visit the Company’s website at www.rmroyalty.com (an updated Rainy Mountain Royalty Corp. website is currently being developed).

RAINY MOUNTAIN ROYALTY CORP.

“Douglas L. Mason”

____________________________ Douglas L. Mason, CEO

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