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File: RMO-NR1023.doc








News Release No. 14-07


Trading symbol: TSX-V: RMO

   
Rainy Mountain Announces Appointment of Qualified Person for Ontario Properties


West Vancouver, British Columbia - October 23, 2014 - Rainy Mountain Royalty Corp. (the "Company" or "Rainy Mountain")
---> is pleased to report that it has appointed Robert Middleton, P.Eng., as the Qualified Person and geological consultan
--->t for the Company's Ontario properties.

Mr. Middleton's contributions to developing Ontario's mineral wealth are not insignificant. In 1979, he led the Rosari
--->o Resources team that discovered the Bell Creek Mine in Timmins, Ontario and, in 1982, he played a role in drilling th
--->e discovery hole at the Goliath Mine in Hemlo, Ontario. He is also credited with discovering the Cross Lake zinc depos
--->it near Timmins, Ontario in 1997 and conducted exploration in the Nipigon Plate that led to the discovery of the Seagu
--->ll PGE deposits. 

"Mr. Middleton has had many significant achievements over his 40+ years in the mineral exploration industry.  He has g
--->ained a wealth of knowledge from his impressive past and we look forward to working with him as we move forward with o
--->ur Ontario property interests," said Douglas Mason, CEO and President, Rainy Mountain Royalty Corp.

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, 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.