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RMO.V ·

Rainy Mountain Launches 2017 Exploration Program on its Brunswick Property

Exploration Programs

P:Astrid/RMO/2017/NR/RMO-NR0303.doc

Trading symbols: TSX-V: RMO

Frankfurt: EK7N-FF

News Release No. 17-06

Rainy Mountain Launches 2017 Exploration Program on its Brunswick Property

West Vancouver, British Columbia - March 3, 2017 - Rainy Mountain Royalty Corp. (the

“Company” or “RMO”) announces that upon closing of its rights offering (see new release dated

March 2, 2017), RMO is proceeding with a 2017 exploration program on its optioned gold

exploration property (the “Brunswick Property” or “Property”) located in the Timmins area of Ontario.

The 2017 exploration program will begin with the expansion of the Brunswick Property 30 km

gold grid to add an additional 40 km of line, which includes 800 m strike to the east of the gold

showing and a 2.4 km extension to the west. The purpose is to cover two porphyry occurrences

that were found during the geology -prospecting done in November -December, 2016. One

porphyry occurs 600m east of the gold showing (see news release dated December 2, 2016) , and

another occurred on the southwest corner of the grid, aligned with shears that extend west toward

a large arsenic rock geochemical anomaly. The west extension of the grid will cover this arsen ic-

antimony anomaly and the area adjacent to the porphyry along 2-3 parallel shear zones that extend

westward. A deep penetrating IP survey is planned when conditions permit. This will then give

coverage along a 4.5 km portion of this 9.6 km (6 mile) property, following the Ridout Shear and

4 sub parallel shears or splays which are sericite-carbonate altered and similar to the host rocks in

the gold deposits in the Porcupine Camp. The overall setting is similar to the Borden discovery to

the west being in sheared basalts adjacent to Timiskaming sediments and conglomerates.

Upon completion of the grid expansion, Rainy Mountain intends to begin a drill program that will

include a number of drill holes selected based on the IP grid completed to date, and additional drill

targets that are expected to come from the expansion grid work.

The Brunswick Property is accessible year round by bush road connecting to Highway 560 that

links to the west with Highway 144 and then north to Timmins (via Highway 101).

This news release has been reviewed and approved by Robert Middleton, P.Eng., who is acting as the

Company’s Qualified Person for the Brunswick Property project, in accordance with regulations under

NI 43-101.

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

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{4311-002/01473694.DOCX.4}

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 addres s such matters, including the MRCC

Option, 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 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 obligatio n 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 i n the United States or to the account or benefit of a U.S. person absent an exemption

from the registration requirements of such Act.