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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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news

posted on Jan 27, 2009 05:19AM

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.

About Rainy River Resources Ltd.

Rainy River Resources is a Canadian precious metals exploration company whose key asset is the Rainy River gold project. With $27 million in its treasury, the Company is well funded to continue an aggressive dual-focused program of definition diamond drilling of the main gold resource area with accompanying scoping-style studies and selective diamond drill testing of neighbouring high-priority gold targets. These targets, defined primarily by RC drilling, occur within one of Canada's largest gold systems, a caldera centered in Richardson Township, approximately 55 kilometres northwest of Fort Frances, Ontario. The Company's property is extremely well located in western Ontario near the U.S. border. It is accessed by a network of roads and is close to hydro-electric infrastructure. The Rainy River district has a skilled labour force and is one of the lowest-cost areas for mineral exploration and development. Ontario has low political risk and, according to the annual Fraser Institute global survey of the mining industry, has consistently ranked as one of the top jurisdictions embracing mineral development.

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 include 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.

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.

CONTACT INFORMATION:

Rainy River Resources Ltd.
Brad Baker
(604) 639-4495
Email: bwb@rainyriverresources.com
Website: www.rainyriverresources.com