Rainy Mountain Receives Final TSXV Approval ON Loan

RAINY MOUNTAIN ROYALTY CORP.

(TSXV: RMO) (Frankfurt: EK7N-FF)

FOR IMMEDIATE RELEASE March 2, 2022

RAINY MOUNTAIN RECEIVES FINAL TSXV APPROVAL ON LOAN

Vancouver, British Columbia (March 2, 2022) – Rainy Mountain Royalty Corp. (TSXV: RMO) (Frankfurt:

EK7N-FF) (“Rainy Mountain” or the “Company”) announces that it has received final approval from the

TSX Venture Exchange (“TSXV”) for the loan agreement referenced in its press release dated January 6,

2022.

As consideration for providing the loan, David Schmidt (“the Lender”) will receive an aggregate of

2,272,727 common shares purchase warrants with an exercise price of $0.22 for one year. The bonus

warrants will be subject to a hold period of four months and one day from the date of issuance.

As previously announced, the Lender has provided an aggregate loan of $500,000. The loan has a 12

month term and bears interest at a rate of 10 per cent per annum. The loan may, in whole or in part, be

prepaid at the discretion of the Company without bonus or penalty.

On behalf of the Board of Directors,

Sean Charland

604 681-1568

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

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 fiom 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.