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RMO.V ·

Rainy Mountain Announces Results of AGM and Board Changes

Management Changes Shareholder Meetings

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

Trading symbol: TSX-V: RMO News Release No. 19-02

Frankfurt: EK7N-FF

Rainy Mountain Announces Results of AGM and Board Changes

West Vancouver, British Columbia – December 10, 2019 – Rainy Mountain Royalty Corp.

(the “Company” or “Rainy Mountai n”) is pleased to report that all matters submitted to

shareholders for approval as set out in the Company’s notice of meeting and management

information circular dated October 25, 2019 were approved by the requisite majority of votes

cast at the annual gen eral meeting of the shareholders held on November 29, 2019 (the

“AGM”).

At the AGM, neither Douglas Mason nor Sead Hamzagic stood for re -election as directors and

ceased to be directors of the Company effective as of November 29, 2019. The Company

thanks Mssrs. Mason and Hamzagic for their long- standing services and contributions to the

Company. Mr. Sean Charland was elected as a director of the Company on November 29 ,

2019. The Company’s board of directors now comprises Shawn Smith, David Speck and Sean

Charland.

Mr. Sean Charland is a seasoned communications professional with experience in raising

capital and marketing resource exploration companies. His network of contacts within the

financial community extends across North America and Europe. Mr. Char land also serves as a

Director of Maple Gold Mines Ltd., Zimtu Capital Corp., Arctic Star Exploration Corp., Eyecarrot

Innovations Corp. and Voltaic Minerals Corp.

Following the AGM, the directors approved the appointment of Mr. Charland as interim Chief

Executive Officer following the resignation of Mr. Mason. S ead Hamzagic remains as the

Company’s Chief Financial Officer and Corporate Secretary.

For further information, contact Sean Charland at 647.926.7326 or visit the Company’s website

at www.rmroyalty.com.

Rainy Mountain Royalty Corp.

“Sean Charland”

_______________________________________

Sean Charland, Interim Chief Executive Officer

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 from 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.