News Release

Rainy Mountain announces Shares for Debt and Grants Stock Options

West Vancouver, British Columbia – March 11, 2010 – Rainy Mountain Royalty Corp. (the “Company”) announces that, in accordance with the terms of the Company’s stock option plan and as part of the Company’s recent reorganization and management changes, the Company has granted 2,975,000 incentive stock options to certain directors, officers, employees and consultants at an exercise price of $0.105 per share for a term of 5 years. As well, subject to regulatory approval, the Company has agreed to issue 754,524 shares (at a deemed price of $0.105 per share) to Robert Middleton, P.Eng., in settlement of previously rendered accounts for services rendered to the Company.

For further information, contact Mr. Clive Shallow, investor communications, at 604-922-2030 or visit the Company’s website at www.rmroyalty.com (an updated Rainy Mountain Royalty Corp. website is currently being developed).

Rainy Mountain Royalty Corp.
"Douglas L. Mason"
Douglas L. Mason, 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.

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