Rainy River Resources Ltd.

Rainy River Resources Ltd.

August 08, 2005 15:08 ET

Rainy River Amends Terms of Stock Options

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 8, 2005) - Marshall Bertram, Chief Financial Officer of RAINY RIVER RESOURCES LTD. (TSX VENTURE:RR), announces that there was an error in the Company's previous news release which announced that the Company granted a total of 860,000 incentive stock options to Directors and employees. The news release incorrectly stated that that the exercise price of the options was $0.50 per share. The correct exercise price is $0.62 per share, which was the market value of the shares on the date of grant. All other terms of the options remain the same.

Rainy River Resources Ltd. is a Canadian mineral exploration company that has recently acquired a 100% interest from Nuinsco Resources Ltd. (TSX:NWI) in the Rainy River gold and base metal property located in northwestern Ontario. The Rainy River Project hosts two "blind" gold-rich volcanogenic massive sulphide occurrences (the #17 Gold Zone and the 433 Zone) and one "blind" small but high grade Ni-Cu-PGE deposit.


Marshall Bertram, Chief Financial Officer

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

Contact Information

  • Rainy River Resources Ltd.
    Mr. Nelson Baker, P.Eng.
    (604) 731-6900
    (604) 731-6999 (FAX)