Mr. Raymond Threlkeld of Rainy River reports

RAINY RIVER RESOURCES AND NORTHERN SUPERIOR RESOURCES ANNOUNCE COMPLETION OF 2012 DRILL PROGRAM AT THE TI-PA-HAA-KAA-NING ("TPK") PROJECT

Rainy River Resources Ltd. and Northern Superior Resources Inc. have released assay results from the 2012 winter diamond drill program. The TPK joint venture project is located 190 kilometres northeast of Pickle Lake in Northern Ontario and is associated with one of the largest gold grain dispersal trains in North America. The diamond drilling program was supported by the Neskantaga First Nation as a result of the positive relationship that has been developed.

Highlights

• TPK-12-030 returned 59.6 grams per tonne gold, 92.3 g/t silver and 3.19 per cent copper over 0.5 metre from 225 to 225.5 metres.
• TPK-12-034 intersected 16.15 g/t gold over 1.5 metres from 66.3 to 67.8 metres.
• TPK-12-040 returned 7.85 g/t gold over 0.8 metre from 50.2 to 51 metres.
• TPK-12-043 returned 8.85 g/t gold over one metre from 242 to 243 metres.

Target 2

Target 2 covers a broad area and is defined by strong gold-in-till anomalies from reverse circulation drilling, a significant concentration of gold-bearing boulders and several induced polarization/resistivity geophysical anomalies. The target 2 anomaly outlines a dispersion train of at least three kilometres, trending in a northeast-southwest direction. The anomaly is also associated with anomalous arsenic and zinc, and overlies a broad, shear-fractured leucogranite of the contact stock. The leucogranite contains both spessartine garnet and fluorite alteration. The winter diamond drill program was designed to test the entire target 2 anomaly. However, a key portion of the anomaly lies under Crying Boy Lake and was inaccessible due to mild winter conditions, and remains untested. As a result of the weather conditions, all 33 holes targeted the on-land western portion of target 2.

All 33 drill holes encountered variably mineralized and altered quartz-sericite shears in leucogranite containing disseminated pyrite, pyrrhotite, arsenopyrite and anomalous gold mineralization. Two holes, TPK-12-043 and TPK-12-052, contained submillimetre-scale specks of visible gold associated with shearing. Shear thicknesses are variable, ranging from 0.1 metre to greater than 40 metres. The results from the drill program explain the anomaly associated with the western half of target 2.

Target 1

Three holes were drilled in the target 1 area to the northeast of target 2, and northeast of Crying Boy Lake. Target 1 is defined by strong RC drilling anomalies and strong chargeability anomalies. Each hole intersected variably mineralized shear zones in quartz monzonite. One millimetre-sized speck of visible gold was observed in drill hole TPK-12-056. Shearing is coincident with the anomalies, and similar to those intersected in target 2.

Commentary

Raymond Threlkeld, president and chief executive officer of Rainy River, commented: "The recent drilling confirms some of the high-grade nature and potential of the TPK project. We will be reviewing the results of the last two years of exploration at the TPK project to determine the best path forward."

Thomas Morris, president and CEO of Northern Superior, commented: "This latest drill program has provided invaluable geological information that will assist in directing future drill programs. Northern Superior remains confident in future discoveries as targets are drilled."

Qualified persons

Rainy River is the operator of the TPK joint venture. The exploration program is being supervised by Kerry Sparkes, PGeo, vice-president of exploration, a qualified person as defined by National Instrument 43-101. Mr. Sparkes is also the person responsible for the content of this news release. The company has a rigorous quality assurance/quality control program in place to ensure best practices in sampling and analysis of drill core. All drill core is marked for sampling and then split in half with a diamond saw blade. Samples are placed in sealed bags with security tags. All samples were assayed using a standard fire assay, 30-gram nominal sample weight with an AA finish. Overlimit samples were reassayed with a gravimetric finish. Samples with visible gold were automatically analyzed for ore grade by 1,000-gram screen fire assay, with coarse and fine fractions being combined proportionately and the fine fraction being assayed twice. Standards, blanks and duplicates are inserted every 25 metres. ALS Canada Ltd. performed primary assaying, with duplicates being analyzed at Activation Laboratories Ltd. ALS Canada Ltd. and Activation Laboratories Ltd. implement independent quality assurance/quality control protocols that include the insertion of certified blanks and standards as part of their routine analysis.

                  SUMMARY OF RESULTS                                                 
Hole              From        To        Length        Au 
                    (m)       (m)           (m)     (g/t)

TPK-12-025       123.0     124.5           1.5      2.41
TPK-12-025       192.0     193.0           1.0      1.52
TPK-12-028       189.0     190.5           1.5      1.69
TPK-12-030       225.0     225.5           0.5     59.60
TPK-12-032       205.0     205.5           0.5      1.86
TPK-12-033       132.0     132.7           0.7      1.54
TPK-12-034        66.3      67.8           1.5     16.15
TPK-12-035       114.8     115.8           1.0      2.14
TPK-12-036       147.3     148.0           0.7      3.12
TPK-12-037       270.5     271.5           1.0      2.29
TPK-12-038       124.5     126.0           1.5      5.34
TPK-12-040        50.2      51.0           0.8      7.85
TPK-12-041       206.9     208.3           1.4      1.92
TPK-12-041       251.0     252.0           1.0      2.04
TPK-12-043       116.0     117.0           1.0      1.82
TPK-12-043       119.0     120.0           1.0      1.75
TPK-12-043       241.0     242.0           1.0      1.17
TPK-12-043       242.0     243.0           1.0      8.85
TPK-12-045        84.0      85.5           1.5      2.63
TPK-12-051       152.3     153.2           0.9      3.09
TPK-12-051       153.2     154.3           1.1      1.67
TPK-12-052       110.4     111.4           1.0      3.83
TPK-12-053       111.0     112.0           1.0      2.79
TPK-12-056       128.2     129.2           1.0      1.77
TPK-12-056       129.2     130.2           1.0      1.82

We seek Safe Harbor.