Rainy River Resources Ltd.
TSX VENTURE : RR

Rainy River Resources Ltd.

August 23, 2005 14:09 ET

Rainy River Inreases Land Position

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 23, 2005) - Nelson W. Baker, President of RAINY RIVER RESOURCES LTD. (TSX VENTURE:RR), is pleased to announce that the Company has signed two option agreements, further adding to the Company's land package in the Rainy River district of Northwestern Ontario.

The Company has acquired an option to earn a 100% interest in the two parcels, located in Richardson Township, in consideration for aggregate cash payments of $75,000 and the issuance of a total of 37,000 shares over a five year period.

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.

ON BEHALF OF THE BOARD OF DIRECTORS OF RAINY RIVER RESOURCES LTD.

Nelson W. Baker, President


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
    (604) 731-6900
    (604) 731-6999 (FAX)