Rainy River Resources Ltd. announced further assay results from the Intrepid Zone at the Rainy River Gold Project in northwestern Ontario. With the addition of 52 new diamond drill holes released, a total of 154 holes have now defined the core of the Intrepid Zone over a 410-metre strike length, and have traced the mineralization down-dip for 450 metres. The Zone remains open at depth, and deeper targets will be drilled later in 2013. The latest assay results are consistent with previous results and continue to demonstrate excellent continuity within the Intrepid Zone, with its margins now much better defined. Drilling continues to define a high grade corridor that could potentially be exploited via underground mining early in the life of the RRGP. This corridor is currently being modeled with several different gold-equivalent cut-off grades. From the work to date, Intrepid clearly hosts parallel and plunging high grade shoots of mineralized material, similar to those observed in the ODM Zone, at the heart of the Rainy River Gold Project. Work has now resumed following the spring thaw, with four diamond drill rigs deployed and targeted to expand the thickest portions of Intrepid in the plunge direction and better define the Zone. The Company plans to release a National Instrument 43-101-compliant mineral resource estimate for the Intrepid Zone in the third quarter of 2013. Infill drill hole NR131525 intersected 3.2 grams per tonne ("g/t") gold and 16.0 g/t silver over 25.5 metres, at a vertical depth of 274 metres, including 14.8 g/t gold and 51.5 g/t silver over 3 metres. Drill hole NR131542 intersected 2.6 g/t gold and 35.0 g/t silver over 28.5 metres, at a vertical depth of 235 metres, including 4.7 g/t gold and 56.5 g/t silver over 13.5 metres. Drill hole NR131512 intersected 1.3 g/t gold and 8.8 g/t silver over 42.0 metres, at a vertical depth of 208 metres, including 8.7 g/t gold and 24.3 g/t silver over 3.0 metres. Drill hole NR131534 intersected 8.0 g/t gold and 28.3 g/t silver over 6.9 metres, at a vertical depth of 262 metres, including 15.2 g/t gold and 36.3 g/t silver over 3.0 metres at a vertical depth of 262 metres. Drill hole NR131532 intersected 11.4 g/t gold and 63.7 g/t silver over 7.4 metres at a vertical depth of 257 metres.

To discuss the feasibility study for its 100% owned Rainy River Gold Project in northwestern Ontario, Canada

Rainy River Resources Ltd. announced further assay results from the Intrepid Zone at the Rainy River Gold Project (RRGP) in northwestern Ontario. Infill drill hole NR131523 intersected 15.5 grams per tonne gold and 86.6 grams per tonne silver over 9.0 metres, at a vertical depth of 245 metres, including 21.9 grams per tonne gold and 119.2 grams per tonne silver over 6.0 metres. Infill drill hole NR131506 intersected 12.7 grams per tonne gold and 38.6 grams per tonne silver over 5.1 metres, at a vertical depth of 204 metres. On the eastern side of the Intrepid Zone, drill hole NR131494 intersected 2.24 grams per tonne gold and 12.28 grams per tonne silver over 36.0 metres, at a vertical depth of 152 metres, including 7.2 grams per tonne gold and 32.8 grams per tonne silver over 7.5 metres. Drill hole NR131495 is located on the same section as NR131494, and intersected 3.14 grams per tonne gold and 19.8 grams per tonne silver over 24.0 metres, at a vertical depth of 167 metres, including 9.6 grams per tonne gold and 36.1 grams per tonne silver over 6.0 metres. Both of these holes have expanded the Intrepid Zone by almost 50 metres along its dip, on the eastern side of the zone. With the addition of 20 new diamond drill holes released, 102 holes have now penetrated the Intrepid Zone over a 410-metre strike length, and have traced the mineralization down-dip for 450 metres. The Intrepid Zone continues to expand in size, while infill drilling demonstrates excellent continuity within the zone. From the work to date, Intrepid appears to host parallel and plunging high-grade ore shoots, similar to those observed in the ODM Zone, at the heart of the Rainy River Gold Project. Four diamond drill rigs will continue to focus on expanding the thickest portions of Intrepid in the plunge direction, and on better defining the zone, in preparation for the release of a National Instrument 43-101-compliant mineral resource estimate, expected in mid-2013. The rigs are currently paused for the spring thaw, and will resume work in late April.