News Releases: No. 10-15
Rainy Mountain Engages Investor Relations Representative
West Vancouver, British Columbia – October 20, 2010 – Rainy Mountain Royalty Corp. (the “Company” or “Rainy Mountain”) announces that, subject to regulatory approval, it has retained Robert A. Young to provide the Company with investor relations services.
Ronald Coombes, President, commented “We believe that Robert Young will add to Rainy Mountain’s visibility and increase awareness of the Company in the investment community.”
The investor relations services agreement with Robert Young (the “Agreement”) is for an initial term of six months following TSX Venture Exchange acceptance with a right of renewal upon mutual agreement. Pursuant to the Agreement, Robert Young will earn a monthly fee of $2,000 and will be granted 50,000 incentive stock options at $0.12 per share for a term of 2 years. In accordance with TSX Venture Exchange policies, the options granted to Robert Young will vest over 12 months with no more than one quarter of the options vesting in any 3 month period.
For further information, contact Mr. Clive Shallow, investor communications at 604-922-2030 or visit the Company’s new website atwww.rmroyalty.com.
Rainy Mountain Royalty Corp.
"Ronald A. Coombes"
Ronald A. Coombes, President & CEO