As consideration for providing the loan, the lender will receive an aggregate of 2,272,727 common shares

RAINY MOUNTAIN ROYALTY CORP.

(TSXV: RMO) (Frankfurt: EK7N-FF)

FOR IMMEDIATE RELEASE January 7, 2022

CORRECTION RE LOAN

Vancouver, British Columbia (January 7, 2022) – Rainy Mountain Royalty Corp. (TSXV: RMO) (Frankfurt:

EK7N-FF) (“Rainy Mountain” or the “Company”) wishes to correct its disclosure regarding the bonus

warrants issuable in relation to the loan agreement referenced in its press release dated January 6, 2022.

As consideration for providing the loan, the lender will receive an aggregate of 2,272,727 common shares

purchase warrants with an exercise price of $0.22 for one year. The bonus warrants will be subject to a

hold period of four months and one day from the date of issuance. The bonus warrants are subject to TSX-

V and regulatory approval.

As previously announced, the lender has provided an aggregate loan of $500,000. The loan has a 12 month

term and bears interest at a rate of 10 per cent per annum. The loan may, in whole or in part, be prepaid

at the discretion of the Company without bonus or penalty.

On behalf of the Board of Directors,

Sean Charland

604 681-1568

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

The information in this news release includes certain information and statements about management's view

of future events, expectations, plans and prospects that constitute forward looking statements. These

statements are based upon assumptions that are subject to significant risks and uncertainties. Because of

these risks and uncertainties and as a result of a variety of factors, the actual results, expectations,

achievements or performance may differ materially from those anticipated and indicated by these forward-

looking statements. Forward-looking statements in this news release include, but are not limited to, the

effective date of the Consolidation. Any number of factors could cause actual results to differ materially

fiom these forward- looking statements as well as future results. Although the Company believes that the

expectations reflected in forward looking statements are reasonable, it can give no assurances that the

expectations of any forward-looking statements will prove to be correct. Except as required by law, the

Company disclaims any intention and assumes no obligation to update or revise any forward -looking

statements to reflect actual results, whether as a result of new information, future events, changes in

assumptions, changes in factors affecting such forward looking statements or otherwise. 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.