Rainy Mountain Announces Non-Brokered Private Placement

P:Astrid/RMO/2017/NR/RMO-NR0306.doc

Trading symbols: TSX-V: RMO

Frankfurt: EK7N-FF

News Release No. 17-07

Rainy Mountain Announces Non-Brokered Private Placement

West Vancouver, British Columbia - March 6, 2017 - Rainy Mountain Royalty Corp. (the

“Company” or “Rainy Mountain”) announces that, subject to regulatory approval, the Company

intends to proceed with a non-brokered private placement to raise up to $500,000 by the issuance

of 5,000,000 non -flow through u nits (the “Units”) at $0.10 per Unit. Each Unit will consist of

one common share and one -half of one common share purchase warrant, with each whole

warrant exercisable into one common share of the Company for a period of 24 months, at a price

of $0.15 for a period of 12 months and at a price of $0.25 thereafter.

With respect to this private placement, the Company may pay finders’ fees in the amount of 8%

(payable in cash or Units), based on the sale of the Units purchased by subscribers introduced to

the Company by such finders.

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

the Brunswick Property 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, 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 includ es 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 addres s such matters, including

the finder’s fees that may be paid by the Company and the intended use of the proceeds of the private placement , are forward-

looking statements and, as such, are subject to risks, uncertainties and other factors which are beyond he 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 b y 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 i n 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.