Rainy Mountain Royality Corp. Brunswick Project Optioned to Pursuit GOLD Corp.
Trading symbol: TSX-V: RMO
Frankfurt: EK7N-FF
News Release No. 20-03
RAINY MOUNTAIN ROYALITY CORP. BRUNSWICK PROJECT OPTIONED TO PURSUIT GOLD CORP.
Vancouver, British Columbia - January 26, 2021 – Rainy Mountain Royalty Corp. (‘RMO -TSXV’ or
“Rainy”) has entered into an Option agreement with Pursuit Gold Corp. (“Pursuit” or the “Optionee”),
whereby Pursuit has the right to earn up to a 90 percent interest in the Brunswick, 173 claim cell property,
by completing the following steps and obligations. The Property is subject to a 2 percent NSR held by the
underlying vendors M. Tremblay and F. Santamaria (“Original Vendors”).
TERMS
1. Payment to Rainy of $30,000, (completed).
2. Payment of $25,000 by September 15, 2021
3. Payment of $25,000 by September 15, 2022
4. A firm expenditure commitment of $100,000, as part of completing an expenditure of $200,000
by Sept. 30, 2021
5. A further expenditure of $350,000 f or a cumulative total of $550,000 by September 30, 2022,
which will earn Pursuit a 51% interest in the Property.
6. In order to earn an additional 29%, for a total of 80% interest in the Property, the optionee must
pay $50,000 by September 30, 2023 and a further $50,000 by September 30, 2024 and make
exploration expenditures of $400,000 by September 30, 2023 and a further $500,000 by
September 30, 2024 for a cumulative total of 1.450.000. Upon Pursuit earning an 80% interest in
the property, Rainy will be gran ted a 1.5% Net Smelter Return (“NSR”) which shall be under the
same terms as the Underlying Royalty to the original vendors, save that Pursuit shall have the
right to reduce said NSR to 0.5% by the payment of $1,000,000.
7. An additional 10 percent interest may be earned by the optionee by completing a bankable
feasibility study. This would then leave Rainy with a 10 percent carried interest and the NSR.
The Brunswick property is 6 miles long or 9.6 kms and 3.5 km wide and fills the total distance from the
east to west boundary of Brunswick Twp. The Ridout Fault and parallel structures extend across the full
length of the property and numerous gold showings occur in the carbonate altered mafic volcanics.
Conglomerate marker beds of Timiskaming Age follow the Ridout Fault which is an extension of the Larder
Lake Break extending west from the Kirkland Lake area and Larder Lake gold camp. The future exploration
plan is to complete IP surveys and lines to cover the remaining 3.2 km of strike length not previously
covered and to continue follow up on untested gold showings and their extensions.
This news release has been reviewed and approved by the company’s QP Robert S. Middleton, PEng.
RAINY MOUNTAIN
ROYALTY CORP.
ON BEHALF OF THE BOARD OF DIRECTORS
For further information, contact Sean Charl and at 604- 681-1568, 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 fi-
om 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 requir ed 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.