News Release

News Release

• Rainy Mountain Royalty
• May 22, 2013

Review of Exceptional Drill Results to Date for Marshall Lake Property, Ontario

West Vancouver, British Columbia – May 22, 2013 – Rainy Mountain Royalty Corp. (the “Company” or “Rainy Mountain”) is pleased to announce that its joint venture partner, White Tiger Mining Corp. (“White Tiger” – TSX-V: WTC) has provided its first comprehensive review of drill results to date for the Marshall Lake property in Ontario. The Marshall Lake property is an advanced exploration stage copper, silver and gold project located 120 km north of Geraldton, Ontario (via a good all weather gravel road from Hwy 11/Trans Canada Hwy, and just 22 km north of the main CNR rail line).

Selected highlights of certain assay results from White Tiger’s and Rainy Mountain’s drill programs on the Marshall Lake property (from 2006 to present) for the “RM Zone” (and adjacent zones) are summarized in the following table:

Hole Number	From (metres)	To (metres)	Width (metres)	Copper (Cu) (%)	Silver (Ag) (g/tonne)	Gold (Au) (g/tonne)
RMZ 11-21	149	182	33	1.53	6.8	0.127
RMZ 11-23	269	293	24	1.01	4.0	0.090
RMZ 13-40	144	187	43	1.38	5.4	0.040
GAZ-06-02	3	30	27	2.03	37.9	0.305
GAZ-06-04	2	31	29	1.30	24.7	0.290

Note: a complete summary of assay result highlights is found in the pages that follow and on White Tiger’s and the Company’s websites and in previous news releases.

As indicated by White Tiger, most recently updated 3-D modeling of the RM Zone continues to refine and improve its understanding of the geometry and dimensions of the overall RM Zone. Using a 0.3% copper cutoff, the current model identifies a cylinder-shaped, near-horizontal zone of disseminated and stringer-type copper mineralization with the long axis oriented toward azimuth 215 degrees. According to White Tiger, the RM Zone geometry, as characterized above, has been traced for 250 metres and currently remains open to the southwest. Additionally, 3-D modeling of the significant copper and silver mineralization near surface within the “Gazooma Zone” (located 150 metres southeast of the “RM Zone”) is now underway by White Tiger.

With continued drilling success targeting the first of four recently identified IP geophysical targets, further drilling plans are now underway by White Tiger in an effort to infill and further substantiate the anticipated mineralization between the “RM South Zone” and the RM Zone. Following that, White Tiger then intends to drill the other three identified priority IP geophysical targets.

As well, White Tiger reports that planning is underway for a second phase of geophysical surveys (deep IP) to produce a high resolution 3-D response (chargeability and conductivity) on potential sulphide targets to a depth of investigation of at least 500 metres below surface (400 metres beneath the current geophysical IP depth of investigation). The initial geophysical area of interest embraces five copper zones within close proximity to one another (ie. the RM Zone, the Jewel Box Zone, the Gazooma Zone, the Cherry Hill Zone and the Teck Hill Zone), encompassing a total surface area of 3.5 square kilometres. Accordingly to White Tiger, this will, for the first time, potentially identify significant new targets (within the 12 km by 10 km Marshall Lake property) beneath some of the numerous near surface copper occurrences.

Highlights of assay results from White Tiger’s and Rainy Mountain’s drill programs on the Marshall Lake property (from 2006 to present) for the RM Zone (and adjacent zones) can be found in the following tables (as extracted from previous news releases):

THE RM ZONE

Hole Number	From (metres)	To (metres)	Width (metres)	Copper (Cu) (%)	Silver (Ag) (g/tonne)	Gold (Au) (g/tonne)
RMZ 07-02	40.7	72.6	31.9	0.71	3.1	0.108
Including	40.7	51.0	10.3	1.09	4.7	0.108
Including	40.7	43.1	2.4	2.13	8.6	0.156
Including	45.95	48.95	3	1.34	6.4	0.189
Including	62.75	65.6	2.85	1.97	8.8	0.434
RMZ 08-06	70	94	24	1.74	8.9	0.323
Including	81.5	83.5	2	3.67	18.1	0.605
Including	85	90	5	3.36	17.1	0.684
RMZ 08-07	11.8	25.6	13.8	0.41	1.5	0.043
And	87	102	15	0.51	3.3	0.116
RMZ 08-08	46.26	100	53.74	0.32	1.5	0.057
RMZ 10-09	159	163	4	0.20	0.7	0.068
RMZ 10-10	38	116	78	0.42	2.1	0.086
Including	111	116	5	1.89	12.0	0.702
RMZ 10-11	82	143	61	0.69	3.4	0.107
Including	110.4	143	32.6	1.04	5.1	0.146
Including	117	122	5	3.53	18.2	0.524
Including	120	121	1	9.32	49.8	1.195
RMZ 10-12	37	44	7	0.21	0.8	0.038
And	127	131	4	0.25	1.5	0.105
RMZ 10-13	91	155	64	0.37	1.9	0.133
Including	91	105	14	0.43	1.8	0.074
Including	123.5	155	31.5	0.44	2.5	0.201
Including	123.5	130	6.5	0.81	4.6	0.114
Including	123.5	124	0.5	3.35	20.0	0.181
Including	152	153	1	1.05	8.0	4.040
RMZ 10-14	117	173	56	0.41	2.5	0.103
Including	117	136	19	0.71	4.4	0.189
RMZ 10-15	149	172	23.0	1.34	6.7	0.285
Including	155	160	5.0	4.08	20.6	1.116
Including	157	159	2	7.25	35.9	2.033
RMZ 10-16	11	12	1	0.91	4.2	0.234
And	16	19	3	0.61	3.2	0.085
And	159	171	12	0.44	2.4	0.044
Including	163	166	3	0.97	5.6	0.095
Including	164	165	1	1.80	11.2	0.221
RMZ 10-17	99	136	37.0	0.48	2.1	0.043
Including	128.8	136	7.2	1.12	5.9	0.127
RMZ 10-18	166	167	1	0.90	2.1	0.220
And	173	178	5	0.59	3.1	0.050
And	200	210	10	0.86	4.8	0.085
Including	201	207.13	6.13	1.27	7.0	0.112

RMZ 10-19		31	59		28	0.39		2.0		0.071
Including		40	59		19	0.49		2.5		0.079
Including		44	49		5	0.65		2.9		0.104
Including		51	57		6	0.59		3.3		0.092
RMZ 11-20	No significant mineralization
RMZ 11-21	12		95	83			0.30		1.3		0.037
Including	12		72	60			0.37		1.7		0.045
Including	12		30	18			0.59		2.8		0.091
Including	19		25	6			1.08		5.4		0.183
Including	68		72	4			1.30		5.7		0.081
And	132		190	58			1.00		4.4		0.084
Including	149		182	33			1.53		6.8		0.127
Including	155		160	5			3.73		16.4		0.308
Including	158		160	2			6.25		28.6		0.540
Including	159		160	1			8.85		38.6		0.826
RMZ 11-22	6		17	11			0.70		1.8		0.014
RMZ 11-23	40		150	110			0.30		1.5		0.031
Including	50		57	7			1.45		6.5		0.159
Including	71		91	20			0.44		2.0		0.044
And	221		241	20			0.62		2.3		0.045
Including	233		237	4			1.76		6.8		0.115
Including	232		241	9			1.02		4.0		0.080
And	269		331.5	62.5			0.60		2.7		0.064
Including	269		310	41			0.80		3.5		0.070
Including	269		293	24			1.01		4.0		0.090
Including	278		282	4			2.87		9.5		0.242
Including	278		279	1			6.71		18.3		0.601
RMZ 11-24	19		41	22			0.44		1.9		0.029
Including	27		32	5			1.06		4.2		0.101
And	56.46		66	9.54			0.28		1.4		0.037
And	78		106	28			0.32		1.5		0.038
Including	82		103	21			0.38		1.7		0.046
RMZ 11-25	5		105	100			0.24		0.9		0.012
Including	9		23	14			0.39		1.4		0.020
And	55		75	20			0.59		2.6		0.035
Including	59		68	9			1.14		5.1		0.058
And	249		276	27			0.32		1.2		0.013
Including	258		259	1			1.01		3.1		0.028
Including	272		274	2			1.98		8.3		0.112
RMZ 11-26	58		71	13			0.20		0.9		0.005
And	80		96	16			0.43		0.7		0.008
RMZ 11-27	109		113	4			0.57		1.6		0.024
RMZ 11-28	28		65	37			0.69		2.4		0.016
Including	28		35	7			2.50		8.9		0.067
Including	28		30	2			3.38		11.8		0.148
Including	32		34	2			4.00		14.7		0.064
And	76		89	13			0.32		1.0		0.005
RMZ11-29	155		182	27			0.45		1.7		0.016
RMZ 11-30/12-30	112		179	67			0.24		1.5		0.039
Including	115		119	4			0.50		3.9		0.166
Including	145		149	4			0.44		2.3		0.019
Including	176		179	3			0.59		3.1		0.023

RMZ 12-31	49	69	20	0.34	0.9	0.005
Including	49	52	3	0.54	1.6	0.014
Including	60	63	3	0.99	2.4	0.018
And	178	183	5	0.22	0.5	0.003
And	220	234	14	0.40	1.2	0.013
And	241	265	24	0.45	1.2	0.013
Including	244	250	6	0.86	2.9	0.030
Including	244	245	1	2.17	8.2	0.103
Including	264	265	1	2.08	3.0	0.071
RMZ 12-32	68	106	38	0.45	2.2	0.064
Including	71	77	6	0.97	3.8	0.155
And	211	213	2	0.72	5.5	0.180
And	252	259	7	0.27	1.6	0.076
And	271	274	3	0.45	2.6	0.020
And	285	297	12	0.25	1.2	0.006
And	302	307	5	0.18	0.8	0.004
And	318	322	4	0.30	1.5	0.039
RMZ 12-33	10	23	13	0.24	0.1	0.006
Including	10	16	6	0.44	1.3	0.125
Including	12	16	4	0.62	1.9	0.019
And	147	199	52	0.33	1.2	0.016
Including	147	169	22	0.54	2.3	0.024
Including	149	154	5	1.57	6.1	0.088
RMZ 12-34	No significant mineralization
RMZ 12-35	114	119	5	0.93	5.1	0.093
And	167	173	6	0.46	2.2	0.074
And	179	182	3	0.51	3.2	0.082
And	189	193	4	0.58	2.9	0.071
RMZ 12-36	109	112	3	0.52	1.8	0.041
And	130	132	2	0.52	0.8	0.025
RMZ 12-37	142	164	22	0.19	0.9	0.028
RMZ 12-38	8	21	13	0.28	0.88	0.018
Including	12	21	9	0.33	1.03	0.023
RMZ 12-39	58	76	18	0.25	1.17	0.015
Including	58	68	10	0.26	1.21	0.014
Including	72	76	4	0.40	1.82	0.031
And	239	243	4	0.41	1.83	0.183
RMZ 13-40	144	187	43	1.38	5.40	0.040
Including	144	177	33	1.66	6.17	0.047
Including	145	155	10	2.52	9.40	0.065
RMZ 13-41	84	154	70	0.54	2.07	0.031
Including	123	153	30	0.85	3.02	0.032
Including	137	153	16	1.34	4.72	0.055

Note: The “GAZN” drill hole prefix labeling (previously used for the Gazooma North Zone) has since been renamed “RMZ” for the renamed RM Zone.

THE GAZOOMA ZONE

Hole Number	From (metres)	To (metres)	Width (metres)	Copper (Cu) (%)	Silver (Ag) (g/tonne)	Gold (Au) (g/tonne)
GAZ-06-01	7.00	35.00	28.00	1.14	22.5	0.174
Including	7.00	22.00	15.00	1.21	23.9	0.195
Including	11.00	18.00	7.00	1.65	32.0	0.241
Including	24.50	35.00	10.50	1.26	24.9	0.180
Including	27.90	32.00	4.10	1.94	36.8	0.323
GAZ-06-02	3.00	30.10	27.10	2.03	37.9	0.305
Including	8.00	25.90	17.90	2.79	51.8	0.377
GAZ-06-04	2.00	30.70	28.70	1.30	24.7	0.290
Including	2.00	24.50	22.50	1.65	31.2	0.369
Including	3.00	14.00	11.00	2.19	40.6	0.289
GAZ-07-05	23.90	38.70	14.80	2.46	47.6	0.336
Including	32.00	38.70	6.70	4.47	86.5	0.621
Including	32.00	36.00	4.00	6.76	130.2	0.971
GAZ-07-06	22.00	26.00	4.00	0.83	17.2	0.050
And	30.70	33.40	2.70	0.64	13.0	0.098
GAZ-07-07	53.86	59.00	5.14	0.57	6.4	0.119
Including	53.86	55.80	1.94	0.34	3.3	0.129
Including	57.28	59.00	1.72	1.30	14.8	0.192
And	70.17	72.37	2.20	0.86	7.3	0.159
And	83.95	87.75	3.80	0.24	1.3	0.037
GAZ-07-08	39.96	57.15	17.19	0.49	8.6	0.052
Including	39.96	42.00	2.04	2.10	37.0	0.274
Including	49.30	57.15	7.85	0.50	8.8	0.041
Including	53.65	55.16	1.51	1.84	31.8	0.136
Including	54.63	55.16	0.53	4.05	68.7	0.244
And	111.00	138.00	27.00	0.23	0.5	0.010
And	153.80	163.65	9.85	0.28	1.0	0.009
GAZ-07-09	59.00	60.70	1.70	0.81	25.0	0.143
And	68.20	71.60	3.40	0.26	5.8	0.011
GAZ-07-10	39.33	50.85	11.52	0.40	7.5	0.018
And	60.00	62.70	2.70	0.29	6.4	0.014
And	77.00	99.00	22.00	0.49	9.9	0.097
Including	78.00	81.85	3.85	0.46	10.0	0.062
Including	89.00	93.00	4.00	1.73	33.5	0.276
And	108.90	110.40	1.50	0.84	7.8	0.339
And	135.20	151.20	16.00	0.27	0.3	0.006
GAZ-07-11	1.50	22.80	21.30	0.83	15.7	0.121
Including	17.60	18.20	0.60	6.74	119.0	1.025
And	84.80	91.80	7.00	0.29	0.4	0.004
And	104.00	113.00	9.00	0.24	0.7	0.004
And	149.00	155.80	6.80	0.20	0.9	0.014
GAZ-08-12	127.00	139.00	12.00	1.01	24.4	0.237
GAZ-08-14	106.00	140.31	34.31	0.21	4.9	0.056
Including	106.00	111.80	5.80	0.63	15.2	0.209
Including	120.50	122.90	2.40	0.35	7.6	0.092
Including	136.27	140.31	4.04	0.39	10.1	0.047
GAZ-10-15	127.00	130.00	3.00	1.89	42.2	0.628

NWT-07-01	20.00	48.70	28.70	0.25	7.3	0.085
Including	47.10	48.70	1.60	0.64	31.3	0.303
And	79.50	88.00	8.50	0.41	12.2	0.180
And	120.70	122.60	1.90	1.01	23.1	0.208

Notes:
The Gazooma Zone is approx. 150 metres southeast of the RM Zone;
The Cherry Hill Zone is approx. 150 metres north of the Gazooma Zone;
The above drill holes with the prefix “NWT” are part of the Gazooma Zone.

THE TECK HILL ZONE

Hole Number	From (metres)	To (metres)	Width (metres)	Copper (Cu) (%)	Silver (Ag) (g/tonne)	Gold (Au) (g/tonne)
TK-07-01	19.00	89.00	70.00	0.18	2.4	0.037
Including	19.00	45.00	26.00	0.30	4.4	0.058
Including	33.70	42.70	9.00	0.45	6.3	0.109
TK-07-02	56.25	84.00	27.75	0.50	4.7	0.056
Including	56.25	61.00	4.75	1.54	15.1	0.231
Including	56.25	58.00	1.75	3.23	31.9	0.584
Including	63.00	78.00	15.00	0.37	3.4	0.025
TK-07-03	148.00	166.00	18.00	0.21	1.4	0.019
TK-08-06	54.00	77.00	23.00	0.32	2.0	0.030
Including	54.00	63.00	9.00	0.50	3.3	0.045
Including	54.00	57.00	3.00	1.07	7.2	0.108
TK-08-07	89.00	120.00	31.00	0.29	2.2	0.051
Including	97.00	104.00	7.00	0.64	5.1	0.113
TK-08-08	46.00	49.00	3.00	0.32	4.5	0.035
TK-08-09	92.00	142.50	50.50	0.84	9.1	0.044
Including	93.25	97.50	4.25	3.79	38.3	0.267
Including	93.25	95.50	2.25	5.96	59.8	0.445
Including	106.50	111.20	4.70	2.34	24.9	0.109

Note: The Teck Hill Zone is approx. 400 metres southeast of the Gazooma Zone.

THE ENZO ZONE

Hole Number	From (metres)	To (metres)	Width (metres)	Copper (Cu) (%)	Zinc (Zn) (%)	Silver (Ag) (g/tonne)	Gold (Au) (g/tonne)
TH-07-01	2.00	42.70	40.70	0.12	0.31	4.2	0.054
Including	2.00	5.00	3.00	0.22	4.01	15.5	0.241
Including	32.00	41.70	9.70	0.26	0.01	8.6	0.074
TH-07-02	12.00	36.00	24.00	0.21	0.00	2.3	0.018
Including	14.00	20.00	6.00	0.45	0.01	4.8	0.051

Note: The Enzo Zone is approx. 500 metres east of the Teck Hill Zone.

A plan map of all of the drill hole collars referred to in the above tables will be posted on White Tiger’s website shortly (www.whitetigermining.com).

As indicated by White Tiger, drill core was split at the Marshall Lake property and sample preparation was done by ALS Canada in Thunder Bay, Ontario. Pulp samples (‹75 microns) were then sent by secure courier to ALS Canada in North Vancouver, British Columbia and analyzed by ICP spectrometre ("ICP") using a 0.5g representative pulp dissolved in Aqua Regia (3 acid) digestion. All samples grading over 1.0% copper were re-assayed with ore grade ICP and Aqua Regia digestion. Gold analysis was done on a 30 gram sample by fire assay extraction with AA ("Atomic Absorption") finish.

White Tiger continues to review and ground proof all known historical data and once this additional information has been fully reviewed and all data digitized, the Company will report on any additional findings.

White Tiger has the option to earn a 50% interest in the Marshall Lake property project from Rainy Mountain and Marshall Lake Mining PLC (“MLM”) by spending $4 million in exploration expenditures over 5 years and issuing 2 million shares over 4 years to Rainy Mountain. As well, White Tiger has the additional option to increase its interest to 75% by incurring such additional expenditures as are necessary to take the project to bankable feasibility stage. As at October 31, 2012, White Tiger has earned a 25% joint venture interest in the Marshall Lake property project.

This news release has been reviewed and approved by Gordon Gibson, P.Geo. who is acting as the Company’s Qualified Person for the Marshall Lake property project, in accordance with regulations under NI 43-101.

For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922-2030, or visit the Company’s website at www.rmroyalty.com.

Rainy Mountain Royalty Corp.

“Douglas L. Mason”
_____________________________________
Douglas L. Mason, Chief Executive Officer

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.

This news release includes certain statements that may be deemed “forward-looking statements” within the meaning of applicable securities legislation. All statements, other than statements of historical facts, that address such matters as future exploration, drilling, exploration activities, potential mineralization and resources and events or developments that the Company expects, are forward looking statements and, as such, are subject to risks, uncertainties and other factors of which are beyond the reasonable control of the Company. Such statements are not guarantees of future performance and actual results or developments may differ materially from those expressed in, or implied by, this forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking statements include such matters as market prices, exploitation and exploration results, continued availability of capital and financing, and general economic, market or business conditions. Any forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.