P:/astrid/2017/RMO/NR/RMO-NR0314

P:/astrid/2017/RMO/NR/RMO-NR0314

Trading symbols: TSX-V: RMO

Frankfurt: EK7N-FF

News Release No. 17-08

Rainy Mountain Announces TSX Venture Exchange Approves

Rights Offering Warrants for Listing

West Vancouver, British Columbia - March 14, 2017 - Rainy Mountain Royalty Corp. (the

“Company” or “RMO”) is pleased to announce that, further to its news releases of February 27,

2017 and March 2 , 2017 with respect to the completion of its rights offering (the “Rights

Offering”), the TSX Venture Exchange (the “Exchange”) has approved the listing of 6,773,528

common share purchase warrants (the “Warrants”) of the Company. Under the Rights Offering,

13,547,056 units of the Company (the “Units”) were issued to subscribers, with each Unit being

comprised of one common share of the Company and one-half of one Warrant.

The Warrants will be listed on the Exchange under the symbol “RMO.WT” and will commence

trading effective at the opening of the market on Thursday, March 16, 2017. Each Warrant entitles

the holder to purchase one common share of the Company for a period of 24 months from March

1, 2017 (being the closing date of the rights offering) at a price of $0.15 for a period of 12 months

from March 1, 2017 and at a price of $0.25 thereafter.

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 includes 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, including the listing of

the warrants and the anticipated date on which the warrants will commence trading, are forward-looking statements and, as such,

are subject to risks, uncertainties and other factors 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. Any 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 obligation to update publicly or to revise any 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 Act of 19 33, 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.