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RMO.V ·

Winter Exploration Program to Commence on the Brunswick Gold Property, Ontario

Exploration Programs

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

Trading symbols: TSX-V: RMO

Frankfurt: EK7N-FF

News Release No. 17-31

Winter Exploration Program to Commence on the Brunswick Gold Property, Ontario

West Vancouver, British Columbia – November 30, 2017 – Rainy Mountain Royalty Corp .

(the “Company” or “Rainy Mountain”) announces that, with funds previously raised, the

Company intends to begin a winter exploration program on the east side of its optioned gold

exploration property (the “ Brunswick Property” or “ Property”) located in Brunswick Twp .,

Ontario. The initial phase of the exploration program will include a 20 to 22 km induced

polarization (“IP”) grid covering the remaining 1.6 to 1.8 km portion of the east side of the

Property not already surveyed. These lines will be completed in an effort to trace the extension

of the original gold zone and host shear structure, as well as four other IP trends already known.

The IP grid is expected to be completed in the month of December, 2017 and, upon completion

of the Company ’s more recently announced financing (see news release dated November 7,

2017), the Company intends to follow up with a drill program (planned for January 2018). This

drill program is intended to begin testing existing IP anomalies and shears exposed by trenching

completed by the Company in August 2017 (see the Company’s news release of September 12,

2017 for additional details ). A s previously indicated, a nomalous gold values were obtained

along these shears in soil and in bedrock corresponding to the shears. High arsenic pathfinders

were also seen in one particular shear extending from drill hole BE17-04, and as a result, step

out drill holes are planned (see the Company’s news release of October 12, 2017 for additional

information).

The next phase of the exploration program is expected to include an additional 26 km grid on

the west side of the Property , which will be surveyed with IP . Following the IP survey, a drill

program is planned to continue testing the remaining IP anomalies and showings on the east

side of the Property, before moving to test an IP trend adjacent to highly anomalous gold values

(6.6 gm, 4.05gm, 2.58 gm) found along a 900m IP trend o n the west side of the Property (see

the Company’s news releases of July 12, 17 and August 23, 2017 for additional information).

The Brunswick Property covers a full 6 miles (9.6 km) of a set of shear zones that parallel the

Ridout Fault system, which is interpreted to be the continuation of the Larder Lake Break. Five

shears have been defined by IP-Resistivity surveys and initial drilling has tested each shear with

just one hole to confirm that these anomalies were in fact sericite -iron carbonate (ankerit e)

altered shears with quartz - pyrite. The Property is located 140 km south of Timmins, Ontario

and is road accessible from H ighway 560 that links H ighway 144 to Shiningtree and Kirkland

Lake.

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 gold project, in accordance with

regulations under NI 43-101.

For further information, con tact 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

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 the Company’s planned exploration program on the Brunswick Property, as well as future exploration, 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 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.

Factors that could cause actual results to differ materially from those in for ward-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 qualifie d 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 descr ibed herein

in the United States. The securities described herein have not been and will not be registered under the United States

Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit

of a U.S. person absent an exemption from the registration requirements of such Act.