Rainy River Resources Ltd.

Rainy River Resources Ltd.

June 07, 2007 17:54 ET

Rainy River Appoints New CEO and Chairman

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 7, 2007) - Rainy River Resources Ltd. (TSX VENTURE:RR) ("Rainy River" or "the Company") announces that Mr. Nelson Baker has been appointed Chief Executive Officer of the Company. Mr. Baker, a professional geological engineer, joined the Company upon the completion of the acquisition of the Rainy River property. He has served as President for the past two years and will continue to serve in that position as well assuming the role of CEO. Mr. Baker succeeds Mr. Charles Raymond, who is no longer involved in management of the Company.

The Company also announces that Mr. Leo Berezan has been appointed Chair of the Board of Directors. Mr. Berezan, a Vancouver-based independent businessman, is a long-serving director and a major shareholder of the Company. Mr. Berezan succeeds Mr. Raymond as Chair. The appointment of Mr. Berezan, a non-management director, to the position of Chair reflects the Company's continuing commitment to sound corporate governance with oversight by a majority of directors who are independent of management.

The Board wishes to thank Mr. Raymond for his long years of service to the Company and wishes him well in his future endeavours.

The statements contained in this release that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from targeted results. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The Company relies upon litigation protection for forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.

Contact Information