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Brunswick Property West Grid Identifies Additional Drill Targets

Exploration Programs

P:Astrid/RMO/2017/NR/RMO-NR0504.doc

Trading symbols: TSX-V: RMO

Frankfurt: EK7N-FF

News Release No. 17-14

Brunswick Property West Grid Identifies Additional Drill Targets

West Vancouver, British Columbia – May 4, 2017 - Rainy Mountain Royalty Corp. (the

“Company” or “Rainy Mountain”) reports that it has identified additional drill targets at its

optioned gold exploration property (the “B runswick Property” or “Property”). The Brunswick

Property is accessible year round by bush road connecting to Highway 560 that links to the west

with Highway 144 and then north to Timmins (via Highway 101).

A 2.4 km long grid extension along the central west side of the Brunswick P roperty has been cut

and partly surveyed which has identi fied extensions to the shears occurring on the east grid and

other parallel shears that were mapped in the fall of 2016. Additionally, p rospecting has

resumed, now that the snow has melted sufficiently to expose outcrops. These new outcrops have

exposed carbonate-sericite shear extensions along strike to the area where the arsenic -antimony

(As-Sb) rock geochemical anomaly occurs. As well, a dditional surface samples are being

gathered on the Property and will be submitted for analysis to trace the extent of the arsenic-

antimony zone (in relation to the induced polarization chargeability anomalies). Heavy rains and

wind storms have slowed the progress of the survey work in the last week of April . However,

work is now continuing and will be completed prior to any drilling in an effort to optimiz e the

chances of success in selecting the best drill targets on the Property.

In addition, an induced pola rization (“IP”) survey (with 12.5m station intervals ) has also been

completed on both the east and west grid s. This work has assisted the Company in tracing the

carbonate alteration and fault structures , as well as , locating diabase dikes. T he IP survey

identifies sulphide mineralizat ion within the shear zone that c ould be associated with gold

mineralization.

Thus far, t en high priority drill sites have been selected on the east side grid and an additional

four drill sites are alre ady kn own on the west side grid (with possibly more expected as the

survey and sampling continues).

Of note as well, four shear zone structures can be seen on the west side of the Property (which is

comparable to the east side ), which parallels the Ridout Fault Zone. Two of these shears have

known arsenic-antimony values and the other shears are presently being sampled. IP anomalies

are now known to be associated with the arsenic-antimony geochemical anomaly. These four

shears are the f ault offset of the shears on the east side of the Property . A major northerly

trending fault, called the Nabakwasi River Fault, created this offset of the geology which fault is

much younger in age and unrelated to the mineralization. In particular , the IP chargeability

flanks the arsenic-antimony geochemical anomaly, which envelops those sheared rocks and is

associated with close ly spaced parallel shears , and continues beyond the known geochemical

anomaly towards the porphyry intrusion to the east. The Company believes that t his is an ideal

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setting for a gold deposit which appears to be quite similar to the setting found at the Bel l Creek

Mine in Timmins.

This news release has been reviewed and approved by Robert Middleton, P.Eng., who is acting as the

Company’s Qualified Person for the Brunswick Property project, 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

This news release incl udes 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 fu ture

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 materiall y 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. An y

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 obligati on

to update publicly or to revise a ny 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 Ac t 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.