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Rainy River Resources Provides Update on 2013 Planned Activities


TORONTO, Feb. 11, 2013 /CNW/ - Rainy River Resources Ltd. ("Rainy River" or the "Company" (RR.TSX)) is pleased to provide an update on its planned activities for 2013.


The feasibility study and permitting process respecting the Rainy River Gold Project (the "RRGP") are progressing according to schedule. Exploration drilling re-commenced in mid-January with the intent to add to the RRGP's existing gold resource of 6.2 million and 2.3 million ounces in the Measured & Indicated and Inferred categories, respectively.

The Company is well funded to complete its 2013 activities, with approximately $102 million in cash and equivalents as of December 31, 2012.


Rainy River plans approximately 75,000 metres of drilling in 2013, with a budget allocation of approximately $18 million. Four diamond drill rigs were mobilized at the RRGP in January. Three of the rigs are working to expand known mineralization as well as conduct infill drilling at the newly discovered Intrepid Zone.  With 51 drill holes completed to date, Intrepid now has a 335-metre strike length and measures 450 metres down dip. The Company aims to gather enough drill information to form the first mineral resource on Intrepid by the middle of this year.

The fourth rig is working at the BP Zone. Drill results from the Company's 2013 program will be released as they become available.

Feasibility Study

Work continues on the RRGP feasibility study, which is targeted for release during the first half of 2013. In August of 2012, the Company released an Updated Preliminary Economic Assessment, which outlined a robust project producing 308,000 ounces of gold and 478,000 ounces of silver annually over the first 10 years, with an IRR of 21% and NPV of $846 million, at $1,250 per ounce gold and $25 per ounce silver price assumptions. The feasibility study will incorporate the latest gold and silver resource estimate, which was released in October 2012.

Summary of 2013 Plans

1H Feasibility Study

    Continue exploration at Intrepid Zone
    Continue exploration along prominent magnetic low trend hosting the
    majority of gold mineralization
    Submission of Environmental Assessment report

2H  Detailed engineering
    Intrepid Zone Resource Statement
    Secure long lead time items

Upcoming Events
Rainy River will be presenting at the following events:
    --  NBF Conference in London, UK: Wednesday, February 13 at 9:25
        a.m. local time.
    --  BMO Conference in Hollywood, Florida:  Wednesday, February 27
        at 9:00 a.m. local time.
    --  PDAC 2013 Corporate Presentation in Toronto: Tuesday, March 5
        at 4:00 p.m. local time, Metro Toronto Convention Centre, South
        Building, Room 801B.

Qualified persons
Rainy River's exploration program in Richardson Township is being supervised 
by Kerry Sparkes, P.Geo., Vice-President Exploration, a Qualified Person as 
defined by National Instrument 43-101.  Mr. Sparkes, P.Geo., is also the 
person responsible for the content of this news release. The Company has a 
rigorous QA/QC program in place to ensure best practices in sampling and 
analysis of drill core.  All drill core is marked for sampling and then split 
in half with a diamond saw blade.  Samples are placed in sealed bags with 
security tags.  All samples were assayed using a standard fire assay, 30 gram 
nominal sample weight with an AA finish.  Over-limit samples were re-assayed 
with a gravimetric finish.  Samples with visible gold were automatically 
analyzed for Ore Grade by 1000 g screen fire assay, with coarse and fine 
fractions being combined proportionately and the fine fraction being assayed 
twice.  Standards, blanks and duplicates are inserted every 25 metres.  ALS 
Canada Ltd. performed primary assaying, with duplicates being analyzed at 
Activation Laboratories Ltd.  ALS Canada Ltd. and Activation Laboratories 
Ltd. implements independent QA/QC protocols that include the insertion of 
certified blanks and standards as part of their routine analysis.

About Rainy River
Rainy River Resources Ltd. is a Canadian precious metals exploration company 
whose key asset is the Rainy River Gold Project, a large gold system centred 
in Richardson Township (part of Chapple Township). As of December 31, 2012, 
the Company had approximately $102 million in cash and cash equivalents and 
short-term investments, and remains well funded for its ongoing activities, 
including 1) completion of a feasibility level study on the RRGP; 2) 
continuing to grow the existing resource through exploration; 3) conducting a 
condemnation program in areas identified for potential mine facilities; and 4) 
continuing regional exploration. RRGP is very well located in northwestern 
Ontario. 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 in Canada. 
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.


Raymond W. Threlkeld
President and CEO

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. These 
statements include the possible conversion of inferred resources into higher 
confidence categories of resources. 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 for further 
information.   Page of 3


Indi Gopinathan Director, Investor Relations  Telephone:  416-645-7289 

SOURCE: Rainy River Resources

To view this news release in HTML formatting, please use the following URL:

CO: Rainy River Resources
ST: Ontario

-0- Feb/11/2013 11:00 GMT

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