| February 4, 2009 |
| Rainy River Announces New Management Appointments |
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 4, 2009) - Rainy River Resources Ltd. (TSX VENTURE:RR) (the "Company") announces the following appointments to its management team:
Mr. Stuart A. Averill, P.Geo has been appointed Vice-President Exploration of the Company. Mr. Averill is the founder and owner of Overburden Drilling Management Limited (ODM), a 30-employee heavy mineral laboratory and exploration service Company. Since 1974, Mr. Averill and his staff played critical roles in the discoveries of the Collins Bay "B" uranium mine, Saskatchewan, the Casa Berardi gold district, Quebec and in the original #17 and #433 gold zone discoveries within the Company's Rainy River Project, Ontario. In recognition for his outstanding contribution to the mining industry, the Prospectors and Developers Association of Canada and its members awarded Mr. Averill the Distinguished Service Award in 2003. Mr. Averill is an active member of the Association of Professional Geoscientists of Ontario, the Association of Professional Engineers and Geoscientists of Newfoundland, the Association of Applied Geochemists, Canadian Institute of Mining, Metallurgy and Petroleum and an active, continuous member of the Prospectors and Developers Association of Canada for over thirty years. Mr. Averill has served as a director of the Company since July of 2005.
Mr. Gerald J. Shields, LL.B has been appointed Vice-President Administration of the Company. Mr. Shields is a principal of Providia Investment Group, which is engaged in the business of merchant banking. Prior to joining Providia in November of 2006 Mr. Shields spent approximately 27 years as a practicing lawyer in Calgary and Vancouver. Mr. Shields has extensive experience in advising both public and private companies on a broad range of legal matters including equity financings, acquisitions and mergers, takeovers, commercial lending, commercial leasing, corporate governance and general corporate and securities law. His clients included TSX and TSX-V listed companies as well as owner managed businesses. Mr. Shields was called to the Alberta bar in 1981 and the British Columbia Bar in 1987. He obtained his Bachelor of Laws degree from the University of Western Ontario in 1979. Mr. Shields has served as a director of the Company for the past two years.
RAINY RIVER RESOURCES LTD.
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. |
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