Rainy River Resources Ltd.

Rainy River Resources Ltd.

March 19, 2007 08:30 ET

Rainy River Raises $3.6 Million Through Warrant Exercises

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 19, 2007) - Charles M. Raymond, Chairman of Rainy River Resources Ltd. (TSX VENTURE:RR), is pleased to announce that Rainy River has raised $3.6 million through the exercise of all 4.05 million warrants that were issued on September 16, 2005.

The Company also announces that it has completed its earn-in on its key asset, the Rainy River Property, by making all required cash and share payments to Nuinsco Resources Limited.

Congratulations to Mr. Joe Napoli on winning the Canucks jersey draw at the PDAC 2007 Convention!

Charles M. Raymond, Chairman

The statements contained in this release that are not historical facts are forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from targeted results. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The Company relies upon litigation protection for forward-looking statements.

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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