Rainy River Further Increases Land Position
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Jun 18, 2008 04:12PM
NI 43-101 Resources of 3.42M oz. Au Indicated and 3.17M oz. Au Inferred (Feb. 2011)
Rainy River Further Increases Land Position
17:53 EDT Wednesday, June 18, 2008
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 18, 2008) - Nelson W. Baker, President and CEO of Rainy River Resources Ltd. (TSX VENTURE:RR) is pleased to report that the Company has added one additional parcel to its sizable land package in the Rainy River district of northwestern Ontario.
The Company has entered into an option agreement to earn a 100% interest in certain patented mineral rights totalling approximately 326 acres in Potts Township. In consideration, the vendors will receive total cash payments of $100,000 and will be issued a total of 50,000 shares over a five year period. This option agreement is subject to acceptance by the TSX Venture Exchange.
Nelson W. Baker, President
This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management 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 the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, including market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.
FOR FURTHER INFORMATION PLEASE CONTACT:
Rainy River Resources Ltd.
Brad Baker
(604) 731-6900 ext. 248
(604) 731-6999 (FAX)
Email: bwb@rainyriverresources.com
Website: www.rainyriverresources.com