Rainy Mountain Royalty Corp. Makes Application to Amend Term of Share Purchase Warrants

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

Trading symbol: TSX-V: RMO

Frankfurt: EK7N-FF

News Release No. 18-06

Rainy Mountain Royalty Corp. Makes Application to Amend

Term of Share Purchase Warrants

West Vancouver, British Columbia – October 11, 2018 – Rainy Mountain Royalty Corp. (the

“Company” or “Rainy Moun tain”) wishes to announce that, subject to regulatory ap proval, the

Company intends to amend the term of certain previously issued share purchase warrants.

In connection with a private placement that the Company completed on October 26 , 2016 ,

7,651,916 share purchase warrants (the “Warrants”) were issued with an exercise price of $0.10

per share and an expiry date of October 26, 2018. The Company intends to file an application

with the TSX Venture Exchange (the “Exchange”) to extend the term for exercising the Warrants

by two additional years to October 26, 2020 with the exercise price of $0.10 per share remaining

unchanged.

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

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