Rainy River Resources Ltd.

Rainy River Resources Ltd.

November 28, 2007 08:30 ET

Two Deep Holes Below 400 M level in Rainy's 17/ODM Zone Intersect 22.0 M Grading 4.29 g/t Au and 9.6 M Grading 4.15 g/t Au Within Wide Mineralized Intervals

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 28, 2007) - Nelson W. Baker, President of Rainy River Resources Ltd. (TSX VENTURE:RR) is pleased to provide the final results for two widely spaced holes, NR07-193 and NR07-194, drilled to trace the down dip extension of the 17/ODM gold zone below the 400 m level and beyond the limits of the forthcoming NI43-101 resource estimate. Both holes were successful in intersecting multiple wide, parallel gold intervals demonstrating excellent continuity to the 17/ODM gold system. NR07-193, a 632 metre hole in the central part of the 17/ODM zone, intersected six separate intervals, with the two widest being 26.5 metres grading 1.08 g/t Au and 22.0 metres grading 4.29 g/t Au. Both of these intercepts are below the 400 metre level. NR07-194, an 852 metre hole in the western part of the 17/ODM gold zone, intersected a 9.6 metre interval grading 4.15 g/t Au within a broader interval of 79.5 metres grading 1.12 g/t Au.

The details of all intervals for the two drill holes are highlighted in Table I and an updated location plan will be posted on the Company's website at www.rainyriverresources.com.

Several High Priority Gold Targets Remain To Be Drilled

To date, the Company has drilled over 200 drill holes in the Rainy River project area. Of that total approximately 75% of the drilling has been dedicated to delineating the 17/ODM zone at 30 metre centers for a strike length of 800 metres down to a vertical depth of 350 metres. Going forward, because of the high potential of discovering other gold zones, the Company's principal focus will be to continue with at least four drill rigs up until the end of 2008 tracing the limits of the Company's three sub-parallel gold trends: the Cap Trend (2 km long), the 17 Gold Trend (3 km long) and the 433 Trend (1.5 km long).

A fifth drill rig will be added to the project in late January 2008 to drill in the Off Lake area, 23 kilometres to the northeast where detailed mapping and prospecting have highlighted a number of Au-Ag-Zn-Cu targets.

Titan 24 DCIP and MT Survey Planned

A contract was recently signed with Quantec Geoscience Ltd. to conduct a Titan 24 DCIP and MT survey covering a select portion of the three gold trends including the high grade 34 Nickel Zone. The purpose of this survey is to detect gold and base metal mineralization associated with semi-massive to massive sulfides.

The Quality Assurance and Quality Control (QA/QC) procedures followed by the Rainy River technical team is described in detail on its website at http://www.rainyriverresources.com/s/QualityControl.asp. Nelson W. Baker, P.Eng., is the Qualified Person for the Rainy River Project and the person responsible for the contents of this news release.

About Rainy River Resources Ltd.

Rainy River is an exploration company focused on developing its 100% owned gold and base metal property which is located 80 km south of Kenora, Ontario. The property is open to year round exploration including drilling and has excellent infrastructure with ready access to railroads, highways, electrical power and a strong manpower base. To date over $13 million has been spent on the project by the Company and a NI43-101 resource estimate for the 17/ODM zone is forthcoming. Currently there are four rigs on the property with a fifth rig scheduled for the Off Lake area in January 2008. Rainy River is projecting to spend $10 million by the end of 2008 and currently has more than $38 million dollars in the bank.

Nelson W. Baker, President


17 ZONE (CENTRAL, 60 m south of NR07-180)
From To Interval Gold
Hole (m) (m) (m) (g/t)
NR07-193 98.00 102.00 4.00 1.02
379.00 383.00 4.00 4,15
480.50 507.00 26.50 1.08
535.00 557.00 22.00 4.29

ODM ZONE (WEST, 60 m south of NR06-26)
NR07-194 106.10 151.50 36.00 0.88
162.40 172.50 10.10 0.75
474.00 475.50 1.50 2.99
501.00 580.50 79.50 1.12
Incl. 522.90 532.50 9.60 4.15
775.50 786.00 10.50 0.55

All widths and intervals are true width.

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, including market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

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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