Rainy River Resources Ltd.
TSX VENTURE : RR

Rainy River Resources Ltd.

July 07, 2005 11:52 ET

Rainy River Resources Announces Management Appointments

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 7, 2005) - The Board of Directors of RAINY RIVER RESOURCES LTD. (the "Company") (TSX VENTURE:RR) is pleased to announce the following corporate appointments, effective July 6, 2005:

Charles M. Raymond, a Director and formerly President of the Company, has been appointed Chairman of the Board of Directors and CEO. Mr. Raymond has over 30 years of senior management and venture capital experience in various industries including retail, real estate, mining exploration, oil and gas, publishing, entertainment, information technology and insurance. Of particular relevance, he served as President and Director of St. Phillips Resources Inc. from August 1988 to February 1993 during which time St. Phillips partnered with Rio Algom Limited and El Condor Resources to develop the Kemess Mine in northwestern BC.

Nelson W. Baker, P. Eng., a Director of the Company, has been appointed President and Chief Operating Officer of the Company. Mr. Baker graduated from the South Dakota School of Mines with a degree in geological engineering in 1969. He possesses over 40 years of successful experience in all aspects of mineral exploration and development in Canada and internationally. He served on the board of several public companies both as director and officer and now actively serves on the board of Boulder Mining Corp. Temex Resources Corp and Rampart Ventures Ltd.

Marshall R. Bertram has been appointed Chief Financial Officer of the Company. Mr. Bertram has more than 40 years of experience as a director, officer and senior administrator of venture capital in the exploration and mining business.

Elizabeth R. Monger has been appointed Compliance and Communications Manager and Assistant Corporate Secretary of the Company. Ms. Monger has a Bachelor of Arts degree from the University of British Columbia and has completed the Canadian Securities Course and other corporate governance and compliance courses. She is a member of the Canadian Society of Corporate Secretaries and has over nine years of experience in the mineral exploration industry.

The change in Management and new appointments are subject to acceptance by the TSX Venture Exchange.

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. As part of the Company's due diligence, a reverse circulation till and bedrock sampling program consisting of approximately 83 holes has commenced in the vicinity of the #17 Gold Zone.

ON BEHALF OF THE BOARD OF DIRECTORS OF

RAINY RIVER RESOURCES LTD.

Charles Raymond, Chairman and CEO


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. Charles Raymond
    Chairman and CEO
    (604) 731-6900
    (604) 731-6999 (FAX)
    or
    Rainy River Resources Ltd.
    Mr. Nelson Baker
    (604) 731-6900
    (604) 731-6999 (FAX)