News Release No. 14-02
Rainy Mountain Discontinues Exploration on its Olsen Property, Ontario
West Vancouver, British Columbia – March 19, 2014 – Rainy Mountain Royalty Corp. (the “Company” or “Rainy Mountain”) wishes to report that it has elected to discontinue further exploration of its Olsen Property as exploration results to date do not warrant additional expenditures under present market conditions. The Olsen Property is a gold exploration property located approximately 60 km north of Sault Ste. Marie and 48 km east of Batchewana Bay, Ontario. The Company originally acquired its option interest in the Olsen Property from Michael Tremblay and Jacques Robert, and subsequently optioned the property to Black Panther Mining Corp. (“Black Panther” – TSX-V: BPC). Black Panther has also indicated that it will not be continuing with any further exploration of the Olsen Property.
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.