Rainy River Resources Ltd.

Rainy River Resources Ltd.

October 27, 2006 16:55 ET

Rainy Grants Options

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 27, 2006) - The Board of Directors of Rainy River Resources (TSX VENTURE:RR) announces that it has granted a total of 700,000 Director, Employee and Consultant stock options exercisable at a price of $2.12 per share until October 27th, 2008. The options were granted in accordance with the Company's Stock Option Plan and have a four month hold period, expiring February 28th, 2006.

Charles M. Raymond, Chairman of the Board

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

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