Rainy River Resources Conditionally Approved to Graduate to the TSX

Rainy River Resources Ltd. ("Rainy River" or the "Company") (TSX VENTURE:RR) is
pleased to announce that it has received conditional approval to list its common
shares on the Toronto Stock Exchange (the "TSX"). The listing remains subject to
certain conditions including, without limitation, final approval of the TSX.
Rainy River is coordinating the arrangements for listing on the TSX and
de-listing from the TSX Venture Exchange. The Company will advise further about
the timing of the graduation, which is anticipated to occur by early October
2011.


Raymond Threlkeld, President and CEO commented: "The Rainy River Resources team
is proud of our anticipated graduation to the TSX, the premier stock exchange
for mining companies. A listing on the main board will increase our visibility
to investors globally. I would like to thank the Rainy River team and all those
involved in our development for their hard work and support, which has enabled
the Company to reach this important juncture."


Following graduation to the TSX, Rainy River's common shares will continue to
trade under the stock symbol"RR". 


About Rainy River

Rainy River is a Canadian precious metals exploration company whose key asset is
the Rainy River Gold Project. With approximately $115million in cash and
securities, the Company is well funded to conduct a dual-focused drilling
program consisting of: 1) definition diamond drilling of the main gold resources
in preparation for scoping and prefeasibility studies, and 2) selective diamond
drill testing of high-priority gold targets defined primarily by RC drilling
within the large gold system centred in Richardson Township. The Company's
property is extremely well located in the southwestern corner of Northern
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 in Canada. The Company is also working to advance the early-stage
discoveries at its TPK Joint Venture Property, also in Ontario, where it can
earn a 51% interest in the property from Northern Superior Resources. 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.


RAINY RIVER RESOURCES LTD.

Raymond Threlkeld, President & 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. 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.

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