News Release No. 11-12
Rainy Mountain Announces Appointment of Director
West Vancouver, British Columbia – October 20, 2011 – Rainy Mountain Royalty Corp. (the “Company” or “Rainy Mountain”) is pleased to announce the appointment of Paul Saxton to its Board of Directors. Mr. Saxton is filling a vacancy on the Board resulting from Robert Buchan’s recent resignation and the Company wishes to thank Mr. Buchan for his assistance to the Company during his term as a director.
Mr. Saxton is currently the President and Chief Executive Officer of Lincoln Mining Corporation, a junior gold exploration company listed on the TSX Venture Exchange. He possesses a degree in mining engineering and a Masters in Business Administration and sits on the board of three other publicly listed mining companies. Mr. Saxton brings over 35 years experience in the mining industry including Cominco (now Teck Resources). Over the years, he has been involved with several mining companies in diverse positions including mining engineer, operations manager and president and has been instrumental in building four operating mines.
In connection with Mr. Saxton’s appointment as director, the Company has granted Mr. Saxton 35,000 incentive stock options at an exercise price of $.10 per share for a term of 5 years.
For further information, contact Mr. Clive Shallow, Shareholder Communications at 604-922-2030, Robert A. Young, Investor Relations, at 604-682-5123 or visit the Company's website at www.rmroyalty.com.
Rainy Mountain Royalty Corp.
“Douglas L. Mason”
Douglas L. Mason, CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.