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RMO.V ·

Rainy Mountain Moves Forward with Brunswick Gold Property Exploration

Corporate Updates

P:Astrid/RMO/2017/NR/RMO-NR0717.doc

Trading symbols: TSX-V: RMO

Frankfurt: EK7N-FF

News Release No. 17-20

Rainy Mountain Moves Forward with Brunswick Gold Property Exploration

West Vancouver, British Columbia – July 17, 2017 - Rainy Mountain Royalty Corp. (the

“Company” or “Rainy Mountain”) announces plans to further exploration on its optioned gold

exploration property (the “Brunswick Property” or “Property”) located 140 km south of Timmins,

Ontario.

Brunswick Property Additional Exploration Plans

• Trenching and sampling on the west grid of the Property to follow up on the d iscovery of

a grab sample that assayed 6.6 gm gold (Au).

• Follow-up step out drilling proposed around drill hole BE17-04 gold-arsenic zone.

• Trenching and proposed drilling on other IP offset zones.

Now that the assaying results from the Company’s recent drill program on the Brunswick Property

have been reviewed and analyzed (see the Company’s news release of July 12, 2017), the

pathfinder elements can be us ed to vector the mineralization and a strategic follow-up program

can start immediately on the Brunswick Property. Drilling of a new sericite schist in a fifth recently

discovered shear zone on the eastern grid of the Prope rty is proposed, as well as , step out drill

holes on site BE17-04 (where anomalous gold and arsenic values were obtained on a 2.1 km long

IP trend).

Trenching and sampling of the recently discovered 6.6 gm gold showing found in pyritic volcanic

tuffs will commence immediately following a 900m long untested Induced Polarization (“ IP”)

trend, as well as , an offset IP anomaly that is believed to be the faulted equivalent to the new

showing. Drilling is proposed after this new pyritic horizon is better understood and has been

exposed and sampled along its length. Mapping and prospecting along the full length of the 6 mile

long Property is warranted given the shears and alteration seen to date. The pathfi nder elements

suggest additional gold mineralized zones could occur along strike and at depth.

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

- 2 -

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 explor ation,

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 reas onable

control of the Company. Such statements are not guarantees of future performance and actual results or developments may diffe r

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 19 33, as

amended, and may not be offered or sold in the United St ates or to the account or benefit of a U.S. person absent an exemption

from the registration requirements of such Act.