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RAIN.CN ·

Rain City Consolidates Share Capital

Corporate Updates

RAIN CITY RESOURCES INC.

#3043 – 595 Burrard Street, Vancouver, BC V7X 1J1

______________________________________________________________________________

RAIN CITY CONSOLIDATES SHARE CAPITAL

May 13, 2022 CSE Trading Symbol: RAIN

Vancouver, BC - Rain City Resources Inc. (the “Company”) announces that further to its news

release of May 6, 2022, effective at the opening for trading on May 17, 2022 (the “Effective Date”)

the shares of the Company will commence trading on the Canadian Securities Exchange (the

“Exchange”) on a consolidated basis, with one (1) new common share being issued for every three

(3) pre-consolidated shares (the “Consoli dation”). All shareholders of record on May 18, 2022

(the “Record Date”) will be entitled to the Consolidation.

As a result of the Consolidation, on the Effective Date, a total of 15,931,867 common shares will

be issued and outstanding, subject to adjustm ents for rounding, with 5,042,286 warrants

outstanding. No fractional shares will be issued. The name of the Company has not been changed,

and the trading symbol remains as “ RAIN”. A new CUSIP number has been issued, being

75080K209.

Following completion of the Consolidation, shareholders of the Company who hold Shares

represented by a physical certificate or DRS statement will receive a letter of transmittal from the

transfer agent for the Company, Endeavor Trust Corporation, with instructions on how to exchange

their existing certificates or DRS statements for post-Consolidation certificates or DRS statements.

FOR FURTHER INFORMATION CONTACT:

Justin Corinella

President

Rain City Resources Inc.

Telephone: 778-819-3792

[email protected]

Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is

defined in the policies of the Canadian Securities Exchange) accepts responsibility for the

adequacy of accuracy of this news release.