Drill Results / Two Deep Holes Intersect High-Grade Gold at Depth in ODM Zone

Rainy River Resources

NI 43-101 Resources of 3.42M oz. Au Indicated and 3.17M oz. Au Inferred (Feb. 2011)

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Drill Results / Two Deep Holes Intersect High-Grade Gold at Depth in ODM Zone

posted on Jan 27, 2009 02:34AM

January 27, 2009

Rainy River Reports Further Drill Results From Main Resource Area; Two Deep Holes Intersect High-Grade Gold at Depth in ODM Zone

NR08-272 intersects 3.0 m grading 18.63 g/t Au at 550 m depth

NR08-275 intersects two intervals: 10.5 m grading 4.18 g/t Au at 440 m depth and 6.0 m grading 8.64 g/t Au at 510 m depth

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 27, 2009) - Nelson W. Baker, President and CEO of Rainy River Resources Ltd. (TSX VENTURE:RR), is pleased to report the final results for six drill holes completed as part of the 2008 drilling program prior to the holiday period, all in the main gold resource area on the Company's 100%-owned Richardson Township property approximately 55 km northwest of Fort Frances, Ontario. Four of the holes (NR08-262, 265, 277 and 309) were designed to infill the 17/ODM, HS and 433 Zones above the 400 m level. The remaining two holes (NR08-272 and 275), collared 200 m apart, were designed to test the down-plunge extension, below the 500 m level, of high-grade gold mineralization previously identified in the ODM Zone. The four infill holes confirm the excellent continuity of the gold mineralization within the three parallel, stacked mineralized horizons that host the 17/ODM, HS and 433 Zones. The two deeper holes confirm that high-grade values over widths typical of those mined by underground methods elsewhere extend down-plunge well below potential open pit limits (up to 350 m) within the main resource area. The high-grade gold mineralization intersected in the deep holes is open laterally and to depth.

Details of the best mineralized intervals from the six holes are highlighted in Table I below and the hole locations will be posted on the Company's website www.rainyriverresources.com.

Table I
SUMMARY OF MAIN INTERSECTIONS

17/ODM, HS, 433 ZONES (INFILL)
---------------------------------------------------------------------
            From      To  Core Length     Au           Vertical Depth
Hole          (m)     (m)          (m)   g/t  Zone                 (m)
---------------------------------------------------------------------
NR08-262  278.00  290.00        12.00  11.10  ODM                 225
---------------------------------------------------------------------
          380.00  383.00         3.00   5.59  HS                  300
---------------------------------------------------------------------
---------------------------------------------------------------------
NR08-265  336.00  339.00         3.00   8.21  HS                  250
---------------------------------------------------------------------
---------------------------------------------------------------------
NR08-277  231.00  238.50         7.50   6.25  ODM WEST            160
---------------------------------------------------------------------
Including 234.00  237.00         3.00  13.85  ODM WEST            160
---------------------------------------------------------------------
NR08-309  521.00  524.00         3.00  29.04  HS                  400
---------------------------------------------------------------------

ODM ZONE (DOWN-PLUNGE)
---------------------------------------------------------------------
NR08-272  716.50  719.50         3.00  18.63  ODM ZONE            550
---------------------------------------------------------------------
NR08-275  545.00  555.50        10.50   4.18  1(st) INTERVAL      440
---------------------------------------------------------------------
Including 545.00  548.00         3.00   8.79
---------------------------------------------------------------------
          630.50  636.50         6.00   8.64  2(nd) INTERVAL      510
---------------------------------------------------------------------

Note: The interval widths quoted above are considered to be close to true
width and all gold grade intervals listed above in Table I are uncut.

Rainy River's exploration program is being managed by Project Manager, Wally Rayner, P. Geo., a Qualified Person within the meaning of NI 43-101. The Company's regional exploration manager, C.J. Baker, M.Sc., is responsible for the supervision of all aspects of the Off Lake drill program. Nelson W. Baker, P.Eng., is the Qualified Person for the project and the person responsible for the contents of this news release. The Company continues to implement a rigorous QA/QC program to ensure best practices in sampling and analysis of drill core. The procedures of the QA/QC program are detailed on Rainy River's website at www.rainyriverresources.com.

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