Mr. Douglas Mason of Rainy Mountain reports

RM ZONE' GEOPHYSICAL TARGET YIELDS 43 METRES OF 1.38% COPPER INCLUDING 10 METRES OF 2.52% COPPER AT MARSHALL LAKE PROPERTY, ONTARIO

Rainy Mountain Royalty Corp. joint venture partner, White Tiger Mining Corp., has released drilling assay results for the recently completed core drill holes RMZ 12-39 and RMZ 13-40 on the Marshall Lake property, which are the first two holes to be drilled between the RM zone and RM South zone.

According to White Tiger, drill hole RMZ 13-40 (located 50 metres east of drill hole RMZ 11-29) was designed to test a recently reported IP (induced polarization) 3-D chargeability anomaly positioned midway between the RM zone and RM South zone. Drill hole RMZ 13-40 was drilled to a depth of 221 metres, and the assay results are presented in the associated table.

Hole No.            From            To         Width         Cu           Ag             Au
                 (metres)      (metres)      (metres)        (%)        (g/t)          (g/t)

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

White Tiger has indicated that the exceptional copper mineralization encountered in drill hole RMZ 13-40 provides evidence that the RM zone mineralization (as indicated by drill holes GAZN 10-17 and GAZN 10-19 on its western periphery) may extend along strike 100 metres through drill hole RMZ 13-40 and through drill hole RMZ 11-29 to the previously reported 24 metres of 1.01 per cent copper mineralization intersected in hole RMZ 11-23 within the RM South zone (see news release dated May 3, 2011) and remaining open to the southwest. With these initial successful results, White Tiger has indicated that further drilling of this first of four IP anomalies is being planned (which has the potential to extend the mineralization updip to surface to the north).

Based on the results to date, the aggregate strike length of the RM zone and RM South zone is estimated by White Tiger to be at least 200 metres.

White Tiger has also indicated that it is now in receipt of assay results from drill hole RMZ 13-41, which was collared 25 metres north of RMZ 13-40 and tested the updip extension of copper mineralization in drill hole RMZ 13-40 (as reported above). At the time of this news release, the assay results from drill hole RMZ 13-41 are being reviewed by White Tiger and will be reported once fully analyzed.

Also, upon resumption of White Tiger's recent drilling program, drill hole RMZ 12-39 (collared 25 metres east of drill hole RMZ 11-23 and 125 metres to the south of RMZ 13-40) was continued from a depth of 356 metres down to a total depth of 383 metres. Complete assay results for RMZ 12-39 are presented in the associated table.

Hole                From               To            Width                  Cu                 Ag                 Au
No.              (metres)         (metres)         (metres)                 (%)              (g/t)              (g/t)

RMZ-12-39             58               68               10                0.26               1.21              0.014
                      72               76                4                0.40               1.83              0.031
and                  118              121                3                0.69               2.07              0.018
and                  239              243                4                0.41               1.83              0.183
and                  351              361               10                0.22               1.57              0.023

According to White Tiger, all drill core (as referred to in the above two tables) was split at the Marshall Lake property, and sample preparation was done by ALS Canada in Thunder Bay, Ont. Pulp samples (less than 75 microns) were then sent by secure courier to ALS Canada in North Vancouver, B.C., and analyzed by ICP spectrometer using a 0.5-gram representative pulp dissolved in aqua regia (three-acid) digestion. All samples grading over 1.0 per cent copper were reassayed 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.

The Marshall Lake property is an advanced-exploration-stage copper, silver and gold project located 30 kilometres west of Nakina, Ont. Access is via good all-weather gravel road from Highway 11 and 22 kilometres north of the main Canadian National Railway rail line.

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

This news release has been reviewed and approved by Gordon Gibson, PGeo, who is acting as the company's qualified person for the Marshall Lake property project, in accordance with regulations under National Instrument 43-101.

For further information, contact Clive Shallow, shareholder communications, at 604-922-2030, or visit the company's website.

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