Rainy River Resources Ltd.

Rainy River Resources Ltd.

November 05, 2007 08:00 ET

Rainy River Intersects a 4.0-Metre Wide Semi-Massive Sulphide Horizon Grading 25.67 g/t Au and 184.14 g/t Ag in Step Out Hole South of ODM Zone

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 5, 2007) - Nelson W. Baker, President and CEO of Rainy River Resources Ltd. (TSX VENTURE:RR) is pleased to report that partial assays have been received for NR07198, a 2000-metre drill hole which is currently in progress and is designed to test the ODM/17 Zones and the 433 Zone well down dip from the known gold mineralization. In the upper part of the hole, semi-massive to massive sulphide bands consisting of pyrite-chalcopyrite-sphalerite hosted in sheared metavolcanic rocks were intersected in a new mineralized horizon occurring 400 metres south and stratigraphically above the ODM/17 Zones. This hole was spotted 100 metres west of NR07-121 and is the most southerly hole drilled by the Company on the project to date. The new zone is characterized by unusually high silver values.


- NR07-198 cuts 4.0 metres grading 25.67 g/t Au and 184.14 g/t Ag between 494.5 and 498.5 metres (uncut) including 0.5 m grading 192.72 g/t Au, 1289 g/t Ag and 1.11% Cu between 494.5 and 495.0 metres

- Assays from a wider, lesser mineralized section above and below this interval are pending

Nelson Baker commented, "The occurrence of this new mineralized area 400m south of the known gold zones illustrates that significant mineralization in Richardson Township is not restricted to the 17 Gold Trend. This new discovery significantly impacts the exploration potential of the area. The high silver values are an added bonus."

It is projected that NR07198 will intersect the 17 Gold Trend hosting the ODM Zone at approximately 1000 metres down hole. So far, the 6 km2 Richardson Township gold anomaly hosts eight significant gold zones with several high priority targets remaining to be tested.

Nelson W. Baker, P.Eng., is the Qualified Person for the project and the person responsible for the contents of this news release.

Quality Control

Rainy River has implemented a quality control program to ensure best practice in sampling and analysis of the drill core. The procedures of the QA/QC program are detailed in Rainy's website at www.rainyriverresources.com.

About Rainy River Resources Ltd.

Rainy River is an exploration company focused on developing it's 100% owned gold and base metal property which is located 80 km south of Kenora, northwestern Ontario. The property is open to year round exploration, including drilling, and has excellent infrastructure with ready access to railroads, highways and electrical power. To date over $13 million has been spent on the project by the Company. Currently there are four rigs on the property. Rainy River is projecting to spend $10 million by the end of 2008 and currently has more than $38 million dollars in the bank.

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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