Rainy Mountain Delays Non-Brokered Private Placement

News Release No. 15-03

Trading symbol: TSX-V: RMO

Rainy Mountain Delays Non-Brokered Private Placement

West Vancouver, British Columbia – October 7, 2015 – By news release dated September 2, 2015, Rainy Mountain Royalty Corp. (the “Company” or “Rainy Mountain”) announced that, subject to regulatory approval, the Company intended to proceed with a non-brokered private placement to raise up to $250,000 by the issuance of 5,000,000 non-flow through units (the “Units”) at $0.05 per Unit. The Company is currently investigating and pursuing certain copper exploration properties (with silver and gold by-products) in Namibia, however as yet, the Company has not finalized this anticipated exploration property acquisition/option. Therefore, the Company has determined that it will delay the previously announced private placement until further progress with the Namibia property option has been achieved. Accordingly, the Company intends to re-announce its private placement in near future.

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 historical facts, that address such matters as future 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 materially 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. 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 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.

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