Rainy River Resources Ltd.
TSX VENTURE : RR

Rainy River Resources Ltd.

October 26, 2007 17:22 ET

Rainy River Further Increases Land Position

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2007) - Nelson W. Baker, President and CEO of Rainy River Resources Ltd. (TSX VENTURE:RR), is pleased to report that the Company has added nine additional parcels to its sizable land package in the Rainy River district of northwestern Ontario.

The Company has entered into five option agreements to earn a 100% interest in certain patented mineral rights totalling approximately 840 acres in the Richardson and Sifton Townships. In consideration, the vendors will receive total cash payments of $710,000 and will be issued a total of 355,000 shares over a five year period. This option agreement is subject to acceptance by the TSX Venture Exchange.

In August 2006 the Company entered into an option agreement for three parcels in Tait Township which was approved by the TSX Venture Exchange. This agreement was for $100,000 and 50,000 shares over five years for all three parcels. The Company recently amended this agreement in order to be in line with other similar agreements. The amending agreements now have consideration of $100,000 and 50,000 per parcel and takes into consideration option payments already made ($30,000 and 20,000 shares) under the original agreement. The amending agreements are subject to acceptance by the TSX Venture Exchange.

Nelson W. Baker, President

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, including market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

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

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