Drilling Continues on Marshall Lake
Copper-Silver-Gold Property, Ontario
West Vancouver, British Columbia - September 12, 2012 -
Rainy Mountain Royalty Corp. (the "Company" or "Rainy
Mountain") is pleased to announce that its joint venture
partner, White Tiger Mining Corp. ("White Tiger" - TSX-V:
WTC), has reported that successful results are continuing
from the Marshall Lake copper, silver and gold exploration
property. White Tiger has indicated that it has completed
the first portion of its planned 4,000 metre drill program
on the Property, which drilling program is expected to
continue for a further 4 to 5 weeks. The Marshall Lake
Property is located 30 km west of Nakina, Ontario, and is
accessible via a good all weather gravel road from Hwy 11
and is 22 km north of the main CNR rail line.
As reported by White Tiger, the first drill hole (drill
hole RMZ-12-31) was drilled at an azimuth of 205 degrees
and dip of -45 degrees and intersected copper
mineralization near surface from 49 metres to 98 metres.
This first drill hole was collared 110 metres due north of
RMZ-12-28, on nearly the opposing azimuth in an effort to
further evaluate mineralization intersected in RMZ-12-28,
as previously drilled by White Tiger. Drill hole RMZ-12-31
was advanced to a depth of 270 metres. Copper
mineralization was intersected from 222 metres to 265
metres, which White Tiger believes may be the indication of
a new zone of mineralization. Drill hole RMZ-12-31 ended
approximately 190 metres vertically below surface.
White Tiger has indicated that the drill core is being
sampled and prepared for shipping to ALS Minerals in
Thunder Bay, Ontario and assays will be reported by White
Tiger once received and reviewed.
This news release has been reviewed and approved by Mr.
Gordon Gibson, P.Geo., who is acting as the Company's
Qualified Person for the Marshall Lake property project, in
accordance with regulations under NI 43-101.
White Tiger has the option to earn a 50% interest in the
Marshall Lake property project from Rainy Mountain and
Marshall Lake Mining PLC ("MLM") by spending $4 million in
exploration expenditures over 5 years and issuing 2 million
shares over 4 years to Rainy Mountain. As well, White Tiger
has the additional option to increase its interest to 75%
by incurring such additional expenditures as are necessary
to take the project to bankable feasibility stage.
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.
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 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 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.