News Release

News Release

• Rainy Mountain Royalty
• October 20, 2010

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

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”. 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. Although the Company 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 forward-looking statements. 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.