Rainy Mountain Adds Non-Flow Through Offering to Recently Announced Private Placement

2489 Bellevue Avenue, West Vancouver, BC V7V 1E1 Tel 604 922 2030 Fax 604 922 2037

News Release No. 17-32

Trading symbol: TSX-V: RMO

Frankfurt: EK7N-FF

Rainy Mountain Adds Non-Flow Through Offering to Recently Announced Private Placement

West Vancouver, British Columbia, December 6, 2017 – By news release dated November

7, 201 7, Rainy Mountain Royalty Corp. (the “Company” or “Rainy Mountain” ) announced,

subject to regulatory approval, that it is proceeding with a flow through non-brokered private

placement to raise up to $ 250,000 by the issuance of 5,000,000 flow through units (the “FT

Units”) at $0.0 5 per FT Unit (the “FT Offering”). Each FT Unit will consist of one flow through

common share and one non-flow through share purchase warrant, with each warrant entitling

the holder to purchase an additional non-flow through common share for a period of two years

at an exercise price of $0.10.

The Company now intends, subject to regulatory approval, to add a non-flow through offering

(the “NFT Offering”) to the private placement. Under the NFT Offering, Rainy Mountain intends

to raise up to an additional $5 0,000 by the issuance of 1,000,000 non-flow through units (the

“NFT Units”) at $0.05 per NFT Unit. Each NFT Unit will consist of one non-flow through

common share and one non-flow through share purchase warrant, wi th each warrant entitling

the holder to purchase an additional non -flow through common share for a period of five years

at an exercise price of $0.07.

With respect to the NFT and FT Offerings, the Company may pay finders’ fees in the amount of

10% (paya ble in cash or NFT Units), based on the sale of NFT Units and the FT Units

purchased by the subscriber introduced to the Company by such finders.

The Company intends to use the proceeds from this private placement for furthering exploration

on its optioned gold exploration Brunswick Property in Ontario, and for general working capital

purposes.

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, President & 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.

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 his torical facts, that address such matters

as future exploration, drilling, exploration activities, potential mineralization and resources and events or

developments that the Company expects , including the finders’ fees that may be paid by the Company and th e

intended use of proceeds of this private placement , 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 materially from those in

forward-looking statements include su ch matters as market prices, exploitation and exploration results, continued

availability of capital and financing, and general economic, market or business conditions. Any forward -looking

statements are expressly qualified in their entirety by this cautio nary 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 re sult 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 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.