Dec 4, 2012 - Rainbow Intersects Mineralized Zones in All Drill Holes at Jewel Ridge, Acquires Patented Claims

RBW Exploration Update Highlights:

-Drilling at Jewel Ridge intersects favorable mineralized zones in all six holes

-Assay results pending from Jewel Ridge, geological modeling in progress

-Rainbow acquires past producing Croesus Mine at Jewel Ridge

-Gold Viking and International assays show near-surface mineralization

-Assays from 10 additional Gold Viking drill holes pending

TORONTO, ONTARIO, December 4, 2012:  Rainbow Resources Inc. (TSX VENTURE: RBW) ("Rainbow" or the "Company") is pleased to report that it has acquired 100% ownership of 19 strategic patented claims within and contiguous to the Jewel Ridge Property in Nevada following completion of a Phase 1 drill program that has intersected favourable mineralized zones at the past producing property.  Assay results are expected anytime this month.  Meanwhile, preliminary assays show near-surface silver and gold mineralization in the first two holes ever drilled at Rainbow's Gold Viking property in the West Kootenay region of British Columbia with results pending from 10 more holes.  Drilling has also intersected near-surface silver mineralization at the International Property which also forms part of the Company's 100% owned 13,000-hectare Big Strike Project in southeast B.C.   

Jewel Ridge

A Phase 1 reverse circulation drill program has been completed at Jewel Ridge along the prolific Battle Mountain-Eureka Trend in Nevada.  All six holes showed significant mineralized intersections with continuous silicic alteration including considerable jasperoid content, hydrothermal breccia, and quartz-carbonate replacement textures. Samples were taken every 1.5 metres along the entire length of each drill hole.   Multi-element ICP analysis is being completed on all 756 samples with initial results expected

 

in the near future from ALS Chemex Labs Ltd. in Reno.  In addition, numerous rock samples have been submitted to the lab from prospecting over a wide area of the property.

Based on a review of extensive historical data (mostly from pre-2000) as well as Rainbow's exploration work carried out last spring and again in November, mineralization at Jewel Ridge appears to be continuous along multiple contacts over a north-south trend of at least four kilometres. A large tonnage sediment-hosted gold deposit is the exploration target.   The area is also prospective for carbonate replacement type deposits (Au-Ag-Pb-Zn).

All 6 Holes Intercept Mineralized Zones

JR-12-04 was drilled on the north side of the past producing Hamburg Pit in order to intersect and traverse the mineralized zone discovered in the historical hole (HRC-11, 2004) that returned an impressive 2.1 g/t Au over 39.6 metres (94.5 to 134.1 metres). Several mineralized intervals were intercepted in JR-12-04 to a depth of 152.4 metres including intense silicic alteration with considerable jasperoid content from a depth of 20 metres to 38 metres. 

JR-12-06, drilled 120 metres north of JR-12-04 and toward the east to cross-cut HRC-11, intercepted an altered zone with strong affinities to HRC-11 including intense silicic alteration with abundant jasperoid at various intervals from a depth of 38 metres to the end of the hole (152.4 metres). 

The target formations (Hamburg Dolomite and Dunderberg Shale) were intersected in each of the six holes drilled over a total distance of 200 metres in the past producing Hamburg Pit.  Rainbow geologists also collected rock samples from a discontinuous margin of strongly silicified outcrop extending 630 metres immediately north and along strike of the mineralized contact drilled at the Hamburg Pit.

Meanwhile, the patented claims Rainbow has acquired (these are not part of the Company's joint-venture Jewel Ridge option agreement with Greencastle Resources Ltd., TSX.V: VGN) total 35 hectares and are in the immediate vicinity of an area approximately three kilometres north of the Hamburg Pit where Rainbow geologists have outlined a minimum 500-metre-long altered zone, along trend with old workings, featuring strong oxide staining and heavily silicified rock.  The patented claims cover the former producing Croesus Mine (gold, silver, lead and zinc) and were acquired from the DePaoli family for total cash consideration of $75,000 and 500,000 shares payable in three instalments ($25,000 and 200,000 shares upon signing, $25,000 and 150,000 shares April 1, 2013, and $25,000 and 150,000 shares July 1, 2013).    The agreement is subject to the approval of the TSX Venture Exchange. 

A more extensive Phase 2 drill program is planned at Jewel Ridge during the upcoming first quarter.  Moose Mountain Technical Services, Rainbow's resource consultants, are currently organizing extensive historical drill hole data for Jewel Ridge from various sources going back to the 1970's - the first time such information for the property has been assembled into one common data base.  This data, along with results from the just-completed program, are being used to create a conceptual Jewel Ridge geological model that will play an important role in advancing the project, in part through defining a multitude of additional high-priority exploration and drill targets. 

Barrick Gold's Ruby Hill Mine is contiguous to the northern border of Jewel Ridge.  Their 2011 Annual Report stated that, as of Dec. 31, 2011, proven and probable gold reserves at Ruby Hill include 16.8 million tons at an average grade of 1.99 g/t Au, containing approximately 978,000 ounces. Barrick estimates additional mineralization of 107.6 million tons at a grade of 0.72 g/t Au.  Total production in 2011 was 127,000 ounces.

Timberline Resources' Lookout Mountain project, immediately to the south of Jewel Ridge, contains 390,000 ounces of measured and indicated gold resources (18,838,000 tonnes at 0.65 g/t Au) and 221,000 ounces of inferred resources (16,679,000 tonnes at 0.41 g/t Au) as reported by Timberline on April 19, 2012.

Gold Viking

Rainbow has intersected silver and gold mineralization very close to surface in the first two holes ever drilled at the Gold Viking Property immediately adjacent to the Village of Slocan (assays are pending for 10 additional holes, see Nov. 8 news release for more details on drill program). 

Preliminary assays show that GV-12-02 returned 45 g/t Ag, in addition to 0.6 g/t Au, from 7.1 metres to 11.7 metres.  This 4.6-metre interval included two 1-metre intercepts that assayed >100 g/t Ag through ICP analysis (the grade was beyond the accuracy of the ICP method that was used to assay the silver content).  Samples are being re-submitted for fire assay analysis to determine the precise silver and gold content. Meanwhile, GV-12-01 intersected 18.4 g/t Ag over 1 metre directly beneath the collar of the hole in addition to anomalous silver and gold values in several other short sections.  Both holes were drilled in the southern portion of the property immediately next to a road.  Four additional holes were drilled in that area as well as six holes approximately 1,000 metres to the north in the central portion of Gold Viking.  The Company is eagerly anticipating the balance of the assay results, including any high-grade re-checks, which will be reported once they are received, analyzed and validated.   

International Property

Initial shallow drilling at Rainbow's International Property in August and September has confirmed the presence of a mineralized quartz vein over an 80-metre section (the "Cabin showing") approximately one kilometre south of the original high-grade silver and lead discovery reported at the "Forgotten" claims in the early 1900's.  The vein was intercepted in each of the 15 holes and ranged in width from 1.5 metres to 6 metres (drilled widths).  Best results included CB-12-12 which returned 14.4 g/t Ag over 1.7 metres, and CB-12-09 which graded 10 g/t Ag over 2.4 metres.  Each intercept also included lead values of greater than 1%.  A total of 773 metres was drilled with holes ranging in depth from 9.1 metres to 130.5 metres.  The Cabin showing is a quartz vein up to 2.5 metres thick with mineralization in the vein occurring as irregular massive sulphide bodies of galena, pyrite and sphalerite.  The exposed vein appears to be conformable to the layering of the host schists with a strike of approximately 290 degrees and dips ranging from 5 to 20 degrees to the north. 

While these assays returned lower values than grab samples collected in this area and elsewhere, drilling tested just a fraction (less than 7%) of the vein structure that historically has been surveyed over a distance of at least 1200 metres.  The Forgotten showing, where grab samples have returned assays as high as 1,148 g/t Ag (33.5 oz/t) and 68% Pb, was not able to be accessed this season but will be a top priority for 2013.  In addition, a Fugro electromagnetic survey has outlined a series of promising targets over a potential strike length of 7 kilometres. 

"We're still in the early stages of exploration at the International which covers 40 square kilometres and has never been drilled until now," explained Mr. Jim Decker, Rainbow's Vice-President - Operations & Technical Services.  "We're looking forward to testing the original discovery area as we remain convinced the International has excellent potential for hosting a near-surface deposit or series of deposits.  We need to continue to look for the source of the high-grade surface showings and the material that historical reports state was extracted from several adits on the property."   

Big Strike Project

In addition to continued exploration at the International and Gold Viking properties in 2013, Rainbow is also focusing on its Referendum and Whitewater properties south ofNelson following productive site visits this summer as reported by the Company October 19, 2012.  Rainbow considers the Referendum and Whitewater properties to be high priority assets in the 13,000-hectare, 8-property Big Strike land package, and the Company is currently finalizing plans to strategically advance these important properties in 2013. 

"This has been an extremely valuable initial year for us in terms of broadening our understanding of our West Kootenay project," explained Mr. Decker.  "We have assembled a first-rate property package that offers exceptional opportunities for an important discovery, especially after what we've learned over the last 12 months through two drill programs and extensive prospecting.  We're much further ahead now than we were a year ago."

Rainbow Expands Slocan Valley Flake Graphite Presence

Rainbow is pleased to report that it has more than doubled the size of its land package in the flake graphite region of the Slocan Valley, south and west of the Big Strike Project, and is now the second largest landholder in this area which hosts the only producing flake graphite mine in western North America, operated by privately-held Eagle Graphite.  Rainbow has staked claims covering more than 5,500 additional hectares based on favorable geology and location, beyond the original 4,200 hectares in two large claim blocks announced last spring.  Rainbow is examining options to unlock the value of this asset while maintaining its focus on gold and silver exploration through Jewel Ridge and its highest priority Big Strike properties.

Rainbow's Total Kootenay Land Package At 225 Sq. Km 

After assembling a combined land position of 225 square kilometres (Big Strike plus Flake Graphite Project) over the past year, Rainbow has established itself as an exploration leader in the West Kootenay district with some of the most highly prospective properties in the region for the potential discovery of major new mineral deposits.  Together with the more advanced exploration project in Nevada, which will be a major focus of attention during the upcoming first quarter, Rainbow believes it is in an ideal position to build shareholder value in the year ahead. 

For further information:  President David W. Johnston -  (403) 701-2781. 

Visit our website at www.RainbowResourcesInc.com

Qualified Person

Rainbow's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Robert Morris, P.Geo., of Moose Mountain Technical Services, who serves as a Qualified Person under the definition of National Instrument 43-101. 

Quality/Assurance Control & Assaying Procedures

Rainbow's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Robert Morris, P.Geo., of Moose Mountain Technical Services, who serves as a Qualified Person under the definition of National Instrument 43-101.  MMTS follows a strict QA/QC protocol with a certified reference material (CRM), blanks and duplicate samples inserted with every 25 samples.  Two CRM types were used, one as a gold reference, and as a high base metal reference. The blank samples are also certified blank material.  Duplicate samples each represent  1/4  core with the  1/2  core retained in the core box for future reference.  Acme Analytical completed the analytical work for International and Gold Viking samples at their lab in Vancouver.  Samples were weighed and crushed before a 250g sub-sample was split out.   The sub-sample was then pulverized to pass 200 mesh and a 15g split digested in 1:1:1 Aqua Regia.  Analysis was by ICP-MS. 

 

About Rainbow Resources 

Rainbow is a newly-listed Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in two favorable and proven mining jurisdictions - the West Kootenays in southeast British Columbia (silver, gold and flake graphite), and Nevada where Rainbow's Jewel Ridge Gold-Silver Project is in

the heart of a major producing district.  Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol RBW.V, and on the OTCQX International under the symbol RIINF.  Rainbow has 41,627,719 common shares issued and outstanding.

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks,(more)uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release. 

Nov 8, 2012 - Drilling Intersects Two Promising Areas at Rainbow's Gold Viking Property

TORONTO, ONTARIO, November 8, 2012:  Rainbow Resources Inc. (TSX VENTURE: RBW) ("Rainbow" or the "Company") is pleased to report that it has completed 12 diamond drill holes over two separate sections, approximately 1,000 metres apart, at its Gold Viking Property in the Slocan Mining District of southeast British Columbia.  This 600-hectare property, part of the Company's 100% owned Big Strike Project, has never been previously drilled and is located along a major structural break.

Drilling over both areas has intersected a potential stockwork vein system, dominated by disseminated to coarse pyrite, and hosted by an intensely altered quartz monzonite intrusive complex.  Breccia zones and mafic dikes have been observed within the intrusive package.  Gold is believed to be associated with the pyrite.  The Company is awaiting results from these holes in order to plan a step-out drilling strategy.

A large coincident geophysical and geochemical anomaly stretches beyond the boundaries (north-south and east-west) of the areas drilled.  The property features numerous historical adits as quantities of gold and silver were mined in the late 1800's and early 1900's, and gold values have been discovered at surface through sampling by Rainbow as previously reported.  The Company is already permitted for additional drilling at Gold Viking which is possible over the winter months. 

Jewel Ridge Property Update

Rainbow has completed the first two holes of a Phase 1 reverse circulation drill program at the Jewel Ridge Property near Eureka, Nevada.  This first phase of drilling is focused on the past-producing Hamburg Pit area.  Each hole, drilled to depths of approximately 150 metres, hit the contact zone between the Hamburg Dolomite and the Dunderberg Shale with intense silicification reported throughout each hole.  Drilling continues as  Rainbow follows up on some highly encouraging near-surface historical drill results in this area of Jewel Ridge including 2.1 g/t Au over 39.6 metres. 

Rainbow's exploration target at Jewel Ridge is a sediment-hosted gold deposit.  Barrick Gold's Ruby Hill Mine is contiguous to the northern border of Jewel Ridge, while Timberline Resources' advanced-stage Lookout Mountain deposit is immediately to the south. 

International Silver Property Update

Moose Mountain Technical Services, Rainbow's resource consultants, continue to receive and compile final data on the Company's recently completed 15-hole drill program at the International Silver Property in the West Kootenays.  Rainbow is eagerly looking forward to imminently receiving assay results and Moose Mountain's review, and a news release will follow accordingly. 

For further information:  President David W. Johnston -  (403) 701-2781. 

Visit our website at www.RainbowResourcesInc.com. 

Qualified Person & Assaying Procedures

Rainbow's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Robert Morris, P.Geo., of Moose Mountain Technical Services, who serves as a Qualified Person under the definition of National Instrument 43-101. 

About Rainbow Resources 

Rainbow is a newly-listed Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in two favorable and proven mining jurisdictions - the West Kootenays in southeast British Columbia (silver, gold and flake graphite), and Nevada where Rainbow's Jewel Ridge Gold-Silver Project is in

the heart of a major producing district.  Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol RBW.V, and on the OTCQX International under the symbol RIINF.  Rainbow has 41,627,719 common shares issued and outstanding.

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks,(more)uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release. 

Oct 19, 2012 - Rainbow Samples 2.51 OZ/T AU, 2.06 OZ/T AU and 0.86 OZ/T AU at Big Strike Project

TORONTO, ONTARIO, October 19, 2012:  Rainbow Resources Inc. (TSX VENTURE: RBW) ("Rainbow" or the "Company") is pleased to report that while its 2012 Big Strike Project drilling is focused on the high priority International and Gold Viking properties, the Company continues to identify highly prospective areas elsewhere throughout its 13,000-hectare land package (100% owned) in the West Kootenay region of southeast British Columbia. 

Two grab samples from a trench exposing numerous quartz veins in a mafic host rock (diorite) at the Whitewater Property near Nelson returned 2.06 oz/t Au (64.1 g/t) and 0.86 oz/t Au (26.9 g/t).  The samples were taken from different veins 30 metres apart and have been re-submitted for total metallics analysis.  This part of the Whitewater property, a former underground producer, has seen little exploration other than an access road and trench.     

Meanwhile, a sample containing quartz with banded tourmaline from a trench at the Referendum Property, also in the Nelson Gold Camp, has returned 2.51 oz/t Au (78.1 g/t).  It too is being reviewed using total metallics analysis.  At another area of this past producing property, a copper stained occurrence discovered recently by a Moose Mountain Technical Services geologist along a deactivated logging road has assayed >10000 ppm Cu (>1% Cu). 

Rainbow cautions that these samples, while highly encouraging, may not necessarily be representative of mineralization on each of the properties.

While drilling proceeds at Gold Viking, extensive prospecting continues at various Big Strike properties including the recently drilled International Silver Property in an effort to uncover additional high priority potential discovery areas.  Results will be released as soon as they are received and reviewed by Moose Mountain Technical Services, Rainbow's resource consultants. 

Meanwhile, drilling preparations are advancing at Jewel Ridge in Nevada, contiguous to Barrick Gold's Ruby Hill Mine.  Rainbow's Phase 1 program will focus on the former producing Hamburg Pit where one of the most recent historical results included 2.1 g/t Au over 39.6 metres near-surface. 

For further information:  President David W. Johnston -  (403) 701-2781. 

Visit our website at www.RainbowResourcesInc.com. 

Qualified Person & Assaying Procedures

Rainbow's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Robert Morris, P.Geo., of Moose Mountain Technical Services, who serves as a Qualified Person under the definition of National Instrument 43-101.  Assaying was carried out by Acme Analytical Laboratories Ltd. of Vancouver, B.C.  Each entire sample was crushed, a 250g split was pulverized to pass a 200 mesh screen, and a 15g sub-sample was leached in hot Aqua Regia.  The detection limit for gold is 0.5ppb though it may be limited by graphitic or refractory materials. 

About Rainbow Resources 

Rainbow is a newly-listed Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in two favorable and proven mining jurisdictions - the West Kootenays in southeast British Columbia (silver, gold and flake graphite), and Nevada where Rainbow's Jewel Ridge Gold-Silver Project is in

the heart of a major producing district.  Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol RBW.V, and on the OTCQX International under the symbol RIINF.  Rainbow has 41,627,719 common shares issued and outstanding.

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks,(more)uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release. 

Oct 15, 2012 - Big Strike Drilling Shifts to Gold Viking Nevada Drilling Set to Follow up on 2.1 G/T Au over 39.6 Metres Near-Surface

TORONTO, ONTARIO, October 15, 2012:  Rainbow Resources Inc. (TSX VENTURE: RBW) ("Rainbow" or the "Company") is pleased to provide the following exploration update as it continues to advance its 13,000-hectare Big Strike Gold-Silver Project in the West Kootenays and its Jewel Ridge Property along the prolific Battle Mountain-Eureka Trend in Nevada.

Highlights:

-A 15-hole Phase 1 drill program has been completed at the International Silver Property and assays are pending;

-Big Strike Project drilling shifts this week to the Gold Viking Property, contiguous to the past producing Ottawa Mines (1.8 million ounces of silver at an average grade of 61.6 opt);

-Fresh historical data magnifies potential of Jewel Ridge Property in Nevada with drilling commencing shortly to follow up on previous near-surface intercept of 2.1 g/t Au over 39.6 metres.

International Silver Property

Rainbow has completed a 15-hole shallow drill program at its International Property near the historic silver mining community of Kaslo in southeast British Columbia, 140 km north of Nelson.  Drilling consistently intersected the International vein system and core is being analyzed for silver, lead, zinc and gold mineralization.  The Company is eagerly anticipating results within the next 2-3 weeks which, along with prospecting efforts in progress, will help guide the next stage of exploration at this previously undrilled 4,000-hectare property.

Drilling Shifts To Gold Viking, Sampling Assay Returns 10 g/t Au

A first-ever drill program begins this week at the Gold Viking Property adjacent to the Village of Slocan, 70 km north of Nelson.  Permits for numerous sites have been received from the B.C. Ministry of Energy & Mines and are valid until November of next year. 

Phase 1 drilling will focus on the central portion of the property where a prominent low resistivity feature (see map on Company web site) is coincident with a multi-element soil geochemical anomaly.  This feature, 1,400 metres long and 320 metres wide, may represent a structural break that could have acted as a conduit for mineralizing hydrothermal fluids. A north-south trending mafic dike is exposed within this same corridor.  Rainbow will be drilling to depths of approximately 200 metres. 

Gold Viking is contiguous to Rainbow's Ottawa Property and the Ottawa Mines, a significant silver producer in the early 1900's (1.8 million oz. at an approximate average historical mined grade of 61.6 opt or 2,113 g/t Ag).  Gold Viking, which has never been previously drilled, features numerous historical adits that traced mineralization in a north-south direction and yielded quantities of silver, gold and lead from mining of high-grade material in the early 1900's.  The Gold Viking and Ottawa properties share many of the characteristics of a felsic-intrusion-associated silver-lead-zinc vein-type deposit. 

While grab samples from adits in the central and southern portions of Gold Viking returned silver values ranging from 1.9 opt to 14.3 opt (66 g/t to 489 g/t) as reported by Rainbow March 15, 2012, a recent re-check of these samples has also yielded some significant gold assays including 3.0 g/t, 4.6 g/t and 10.0 g/t.  A 1-metre channel sample from the upper adit on the south side of Gold Viking returned 1.5 g/t Au.    Rainbow cautions that these samples, while encouraging, may not be representative of mineralization on the property.

Historical Data Suggests Potential For Large Mineralized System At Jewel Ridge As Drill Program Launches

Rainbow is pleased to announce that it is launching a Phase 1 reverse circulation drill program by the end of this month at the former producing Jewel Ridge Property along the prolific Battle Mountain-Eureka Trend in Nevada.  Strategically located, Jewel Ridge is contiguous to Barrick Gold's Ruby Hill Mine to the north (127,000 ounces produced last year) while Timberline Resources' growing Lookout Mountain deposit is immediately to the south.  Rainbow optioned Jewel Ridge in March of this year from Greencastle Resources Ltd. (VGN: TSX.V) and completed a successful surface exploration program immediately thereafter. 

A reinterpretation of the geological potential of Jewel Ridge is beginning to emerge given

current gold prices and after Moose Mountain Technical Services recently acquired vast amounts of historical data on the property including hundreds of drill holes (mostly very shallow) going back to the 1970's. A compilation of this historical information from

Jewel Ridge has never been previously carried out and Rainbow looks forward to releasing more details as Moose Mountain continues its review.  With this data, combined with results from upcoming drilling on a southern section of the property, Rainbow's geological and engineering teams will be aided immensely in their efforts to outline a potential deposit. 

Based on an initial review of just some of the Jewel Ridge historical drill data, in addition to previous mining activities, the structural setting and style of mineralization, and the short program carried out in the second quarter, Moose Mountain is of the opinion that Jewel Ridge has strong potential to host a large mineralized system.  Geochemical signatures at Jewel Ridge are also similar to those reported at both Ruby Hill and Lookout Mountain.  A sediment hosted gold deposit and a carbonate replacement-type system (Au-Ag-Pb-Zn) are the exploration targets.    Several past producing pits at Jewel Ridge are lined up on a primary mineralized structure that trends north for at least 3 km toward the Ruby Hill Mine.  Oxidized zones, underground workings and trenching exist over a wide area.   

Rainbow's Phase 1 program will focus on the past-producing and highly prospective Hamburg Pit area, 1,400 metres north of the former Windfall Mine which was Nevada's first heap-leach operation (1975).  Rainbow's initial hole will be drilled from just north of the Hamburg Pit in the immediate vicinity of where Greencastle intersected 2.1 g/t Au over 39.6 metres, near-surface, in 2004.   

Gold mineralization at the Hamburg Pit occurs within the Hamburg Dolomite and at the contact with the overlying Dunderberg Shale.    Gold values are present throughout the Hamburg Dolomite which appears to be at least 200 metres thick.  Northeast trending faults host higher-grade grade gold mineralization.  The Hamburg-Dunderberg contact is a key feature of the Windfall Trend which produced an estimated 200,000 ounces of gold

from several deposits that began with the Windfall Mine and trended north onto Jewel Ridge. 

Recent drilling by Timberline Resources at its Lookout Mountain Project has intercepted high-grade mineralization below the existing historical pit at Lookout Mountain.  Given previous drill data from the Hamburg Pit, and evidence of underground sampling of high

grade zones near the pit, Rainbow believes this part of the Jewel Ridge Property is an ideal starting point for a drill program to depths of 200 metres (there has been very limited drilling below 100 metres) that could produce a significant discovery.  Some historical intercepts at and immediately around the Hamburg Pit include the following (more will be released as additional data is reviewed):

Hamburg Pit Selected Historical Drill Data

 ----------------------------------------------
 |Hole  |From (m)|To (m)|Length (m)|Grade (Au)|
 |--------------------------------------------|
 |N8423 |42.7    |61.0  |18.3      |2.53      |
 |--------------------------------------------|
 |N8422 |54.9    |79.2  |24.4      |1.16      |
 |--------------------------------------------|
 |N8414 |30.5    |36.6  |6.1       |4.11      |
 |--------------------------------------------|
 |HRC-13|79.2    |120.4 |41.1      |0.56      |
 |--------------------------------------------|
 |HRC-11|94.5    |134.1 |39.6      |2.10      |
 |--------------------------------------------|
 |HRC-4 |15.2    |33.5  |18.3      |0.76      |
 ----------------------------------------------

Note: Holes N8423, M8422, N8414 were drilled by Homestake Mining in the 1980's.  Holes HRC-13, HRC-11 and HRC-4 were drilled by Greencastle in 2004.   

Historical exploration results referred to in this release may not be compliant with NI-43-101 standards, and the Company has not independently verified these results. 

For further information:  President David W. Johnston -  (403) 701-2781. 

Visit our website at www.RainbowResourcesInc.com

Qualified Person

Rainbow's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Robert Morris, P.Geo., of Moose Mountain Technical Services, who serves as a Qualified Person under the definition of National Instrument 43-101.  Original samples for Gold Viking assay results were prepared by Loring Labs in Calgary.  Pulp re-runs were completed by Acme Analytical Labs in Vancouver, testing for gold by wet digestion.  Samples, 30g pulps, were digested in Aqua Regia, analyzed by ICP-Mass Spec. and tested for gold only. 

About Rainbow Resources 

Rainbow is a newly-listed Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in two favorable and proven mining jurisdictions - the West Kootenays in southeast British Columbia (silver, gold and flake graphite), and Nevada where Rainbow's Jewel Ridge Gold-Silver Project is in

the heart of a major producing district.  Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol RBW.V, and on the OTCQX International under the symbol RIINF.  Rainbow has 41,627,719 common shares issued and outstanding.

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks,(more)uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.

 

Sept 11, 2012 - Rainbow Starts Trading On OTCQX Sept. 12; Drilling Continues With 10 Holes Completed at International Silver Property

TORONTO, ONTARIO, September 11, 2012:  Rainbow Resources Inc. (TSX VENTURE: RBW) ("Rainbow" or the "Company") is pleased to report that its shares are scheduled to begin trading on the OTCQX, the premier tier of the United States' over-the-counter market, on Wednesday, September 12, 2012, under the symbol "RIINF".

"We're very pleased to be able to provide this additional liquidity for our shareholders, beyond just the OTC Pink Sheet listing, which is part of a broader strategy to significantly increase the awareness of Rainbow in the American market," explained Rainbow President David W. Johnston.   "This is an important and exciting period in our company's development with intense drilling and prospecting activity throughout our 17,000-hectare West Kootenay land package led by the International Property in southeast British Columbia, while a drill program is set to begin soon at our one U.S. project - the Jewel Ridge Gold-Silver Property in Nevada."

In British Columbia, drilling continues at Rainbow's International Silver Property where 10 holes have been completed to date.  Drilling at Gold Viking, 70 kilometres to the south of the International, is scheduled to begin following completion of Phase 1 drilling at the International.

In Nevada, final steps are underway to launch a Phase 1 reverse circulation (RC) drill program at Jewel Ridge, contiguous to Barrick Gold's Ruby Hill Mine, where Rainbow will be following up on encouraging results from a spring field exploration program as well as  historical near-surface drill intercepts including 2.1 g/t Au over 39.6 metres (2004).

For further information:  President David W. Johnston -  (403) 701-2781.

Visit our website at www.RainbowResourcesInc.com.

Qualified Person

Rainbow's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Jim Decker, P.Eng., a director of Rainbow, who serves as a Qualified Person under the definition of National Instrument 43-101.

About Rainbow Resources

Rainbow is a newly-listed Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in two favorable and proven mining jurisdictions - the West Kootenays in southeast British Columbia (silver, gold and flake graphite), and Nevada where Rainbow's Jewel Ridge Gold-Silver Project is in

the heart of a major producing district. Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol RBW.V, and on the OTC Pink Sheets under the symbol RIINF.  Rainbow has 41,227,719 common shares issued and outstanding.

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.

 

Aug 31, 2012 - Rainbow Closes Financing, Continues Drilling at International Silver Property

TORONTO, ONTARIO, August 31, 2012:  Rainbow Resources Inc. (TSX VENTURE: RBW) "Rainbow" or the "Company") is pleased to report that a series of initial angled and vertical diamond drill holes, completed to depths of as much as 130 metres, have intersected the International vein system at a shallow dip from a prominent roadside showing.  The number of drill site locations is being expanded from three to eight, and two separate shipments of core have already been submitted to the lab for assaying using multi-element analysis.

Rainbow's International Silver Property, part of the Company's 13,000 hectare Big Strike Project in the prolific West Kootenay region of southeast British Columbia, has never been previously drilled despite a significant high-grade silver discovery in the early 1900's.  The property features numerous historical adits, and recent Fugro airborne geophysical data shows the northwest trending structure could extend for as long as 7 kilometres.

Rainbow Closes Financing For $1,079,820

Rainbow has completed a non-brokered private placement financing consisting of 2,754,556 units at $0.18 per unit and an additional 2,920,000 flow-through units at $0.20 per unit for total gross proceeds of $1,079,820.

Each of the units and flow-through units comprise one common share and one-half of a share purchase warrant.  Each full warrant will entitle its holder to acquire one additional common share of Rainbow at a price of $0.25 for 24 months.

Rainbow has the option to accelerate the warrant expiry date in the event that the closing price of the Company's shares on the TSX Venture Exchange is greater than $0.50 for a period of 10 consecutive trading days at any time after December 31, 2012, and in such case the warrants will expire at 5:00 pm (Toronto time) on the date which is the earlier of: (a) the 30th day after the date on which such notice is given by the Company; and (b) 24 months from the closing date.

In connection with the financing, Rainbow paid finders' fees totalling $29,080 and issued 152,800 finders' warrants.  Each finder's warrant is exercisable into a common share of the Company for a period of 24 months at an exercise price of $0.25 per share.

The gross proceeds from the sale of the flow-through units will be used for drilling at the Company's Big Strike Project in the West Kootenays. The proceeds from the units will be used for Rainbow's Jewel Ridge Project in Nevada and for general corporate and administrative purposes.

The financing is subject to the final approval of the TSX Venture Exchange.

All securities issued pursuant to the financing will be subject to a four-month hold period.

Decker Appointed Vice-President, Operations & Technical Services

Rainbow is also pleased to report that Mr. Jim Decker (P.Eng.) has been appointed Vice-President, Operations and Technical Services.  Mr. Decker has 40 years of experience in senior management, consulting, mine operations and engineering.  He was also one of the original founders of Grande Cache Coal.  His company, Jim Decker & Associates Inc., provides operations management input (audits, due diligence for sales and acquisitions, and feasibility study reviews) for operating mines and mining projects with major producers throughout the world.

"We are delighted to have Jim much more involved with Rainbow, beginning immediately, beyond his role as a director," stated Rainbow President David W. Johnston.  "As we continue to grow this company, his hands-on involvement and expertise will be critical.  Together with Moose Mountain Technical Services, our geological consultants, we have the right people on our team to unlock the value of our silver, gold and flake graphite projects in British Columbia, and our gold-silver project along the Battle Mountain Trend in Nevada."

Stock Options Granted

Rainbow has agreed to issue a total of 1,100,000 stock options to officers, directors and consultants of the company with an expiry date of two to five years at a price of $0.25.

For further information:  President David W. Johnston -  (403) 701-2781.

Visit our website at www.RainbowResourcesInc.com

Qualified Person

Rainbow's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Robert Morris, P.Geo., of Moose Mountain Technical Services, who serves as a Qualified Person under the definition of National Instrument 43-101.

About Rainbow Resources

Rainbow is a newly-listed Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in two favorable and proven mining jurisdictions - the West Kootenays in southeast British Columbia (silver, gold and flake graphite), and Nevada where Rainbow's Jewel Ridge Gold-Silver Project is in

the heart of a major producing district. Rainbow's shares are listed for trading on the TSX

Venture Exchange under the symbol RBW.V, and on the OTC Pink Sheets under the symbol RIINF.  Prior to the just-completed financing, Rainbow had 35,553,163 common shares issued and outstanding.

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.

 

Aug 24, 2012 - Drilling Underway at Rainbow's International Silver Property

TORONTO, ONTARIO, August 24, 2012:  Rainbow Resources Inc. (TSX VENTURE: RBW) ("Rainbow" or the "Company") is pleased to report that a Phase 1 diamond drilling program at the Company's 100%-owned International Silver Property in southeastern British Columbia is reaching targeted depths of 100 to 130 metres, intersecting highly deformed quartz-mica schist/gneiss as expected.  Initial drilling is focused on an exposed quartz dominated structure featuring disseminated to massive galena, pyrite and rare sphalerite.  Drill core is being logged, split and sent in for assaying using multi-element analysis in testing for silver, gold, lead and zinc mineralization.

The number of drill site locations is being increased and an additional drill program update will follow in the near future.  Moose Mountain Technical Services, Rainbow's resource consultants, are overseeing this first-ever drill program at the International Property.

The exploration target at the International is a high-grade, near-surface silver deposit.

For further information:  President David W. Johnston -  (403) 701-2781.

Visit our website at http://www.RainbowResourcesInc.com

Qualified Person

Rainbow's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Robert Morris, P.Geo., of Moose Mountain Technical Services, who serves as a Qualified Person under the definition of National Instrument 43-101.

About Rainbow Resources

Rainbow is a newly-listed Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in two favorable and proven mining jurisdictions - the West Kootenays in southeast British Columbia (silver, gold and flake graphite), and Nevada where Rainbow's Jewel Ridge Gold-Silver Project is in

the heart of a major producing district. Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol RBW.V, and on the OTC Pink Sheets under the symbol RIINF.  Rainbow currently has 35,553,163 common shares issued and outstanding.

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.

 

Aug 9, 2012 - Geophysical Data Outlines New Targets Over a 7-km Trend at International Silver Property

TORONTO, ONTARIO, August 9, 2012:  Rainbow Resources Inc. (TSX VENTURE: RBW) ("Rainbow" or the "Company") is pleased to report that the Company's prospecting and geological teams are immediately following up on freshly interpreted Fugro airborne geophysical data that has greatly expanded the zone of potential mineralization at the 4,000-hectare International Silver Property in the prolific West Kootenay region of southeast British Columbia. The first-ever drill program at the International is ready to begin.

The very prominent "Cabin" showing, a high-grade silver target in the central portion of the property where shallow drilling commences this coming weekend, is along the edge of a resistivity high that trends NW/SE through the property.  Moose Mountain Technical Services, Rainbow's resource consultants, reports that similar geophysical responses to those seen in the Fugro data for the "Cabin" area, and for the "Forgotten" showing 1,000 metres to the north, exist over a substantial portion of the northwest trending structure for a total distance of 7 kilometres.

Following a significant high-grade silver discovery in the early 1900's, the B.C. government surveyed the International vein system in the 1930's over a true strike length of 1.2 kilometres.  Airborne surveys had never been previously carried out over the property, the largest holding in the Company's 13,000-hectare Big Strike Project.

Six high-priority locations along the 7,000-metre-long trend at the International are being investigated as this important new geophysical data is followed up on the ground.

For further information:  President David W. Johnston -  (403) 701-2781.

Visit our website at www.RainbowResourcesInc.com

Qualified Person

Rainbow's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Jim Decker, P.Eng., a Director of Rainbow Resources, who serves as a Qualified Person under the definition of National Instrument 43-101.

About Rainbow Resources

Rainbow is a newly-listed Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in two favorable and proven mining jurisdictions - the West Kootenays in southeast British Columbia (silver, gold and flake graphite), and Nevada where Rainbow's Jewel Ridge Gold-Silver Project is in

the heart of a major producing district. Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol RBW.V, and on the OTC Pink Sheets under the symbol RIINF. Rainbow currently has 35,553,163 common shares issued and outstanding.

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.

 

Aug 2, 2012 - Rainbow Mobilizes Drill Rig to International Silver Property

TORONTO, ONTARIO, August 2, 2012:  Rainbow Resources Inc. (TSX VENTURE: RBW) ("Rainbow" or the "Company") is pleased to report that the Company is mobilizing a drill rig to its 100%-owned International Silver Property in the prolific West Kootenay region of southeast British Columbia following receipt of a drill permit from the British Columbia Ministry of Energy and Mines.

Drilling is expected to commence by the end of next week with a series of initial shallow holes to test for continuity of high-grade mineralization along an exposed structure.

The 4,000-hectare International Property, where silver was first discovered in the early 1900's, has never been previously drilled despite numerous historical workings and highly encouraging showings over a broad area.  Drill targets have been carefully selected, based on historical information and several years of systematic exploration started by privately-held Braveheart Resources Canada Inc. which was acquired by Rainbow in the fall of last year.

For further information:  President David W. Johnston -  (403) 701-2781.

Visit our website at www.RainbowResourcesInc.com

Qualified Person

Rainbow's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Jim Decker, P.Eng., a Director of Rainbow Resources, who serves as a Qualified Person under the definition of National Instrument 43-101.

About Rainbow Resources

Rainbow is a newly-listed Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in two favorable and proven mining jurisdictions - the West Kootenays in southeast British Columbia (silver, gold and flake graphite), and Nevada where Rainbow's Jewel Ridge Gold-Silver Project is in

the heart of a major producing district. Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol RBW.V and on the OTC Pink Sheets under the symbol RIINF. Rainbow currently has 35,553,163 common shares issued and outstanding.

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.

 

May 31, 2012 - Rainbow Planning Surface Bulk Sample For Referendum Property : Jewel Ridge Samples Up To 3.6 G/T Au And 30.4 G/T Ag

TORONTO, ONTARIO, May 31, 2012 - Rainbow Resources Inc. (TSX VENTURE: RBW) ("Rainbow" or the "Company") is pleased to report that the Company is proceeding with a permit application for a surface bulk sample of up to 10,000 tonnes at its Referendum Property near Nelson, B.C., part of the 12,700-hectare Big Strike Project.

The targeted area on the eastern side of the Referendum Property includes a quartz tourmaline stockwork system and hydrothermally altered rock within a zone, open in all directions, measuring approximately 700 metres by 150 metres.  A mini-bulk sample from surface, totalling 240 tons, was carried out in the 1980's from this area near an underground shaft.  Ore with very low sulphide content was processed at the Trail Smelter and returned an average grade of 0.13 oz/ton Au (4.5 g/t) and 0.87 oz/ton Ag (29.8 g/t) for approximately 30 ounces of gold and 210 ounces of silver.

Referendum is one of four high priority properties in the Big Strike package.  Drilling is expected to begin shortly at the Gold Viking Property followed by the flagship International Silver Property, upon receipt of permits which are expected imminently.  The Ottawa Property, the top producer of high-grade silver in the Slocan Valley in the 1900's, is contiguous to Gold Viking and will also be a focus of the Company's exploration efforts this summer.

The International, Gold Viking and Ottawa have never been previously drilled despite high-grade past production from all three.  In addition to its upcoming drill program, Rainbow has already commenced prospecting at its Big Strike Project with the goal of identifying new potential discovery areas throughout this highly prospective and under-explored land package.  Results will be released when they become available.

Jewel Ridge

After an initial site visit, a review of historical data, and receipt of assay results from sampling, Rainbow Resources is pleased to report that it will be proceeding with a Phase 1, 2,000-metre RC drill program at its Jewel Ridge Property in Nevada along the prolific Battle Mountain-Eureka Trend during the third quarter of 2012.

With several past-producing pits lined up on a primary mineralized structure that trends north for at least 3 kilometres toward Barrick Gold's Ruby Hill Mine, contiguous to Jewel Ridge, Moose Mountain Technical Services (Rainbow's resource consultants) believe there is the potential for a large tonnage deposit at Jewel Ridge.  Strong evidence for this also comes from historical drilling results, including 2.1 g/t Au over 39.6 metres near-surface, and the existence of rust zones, underground workings and trenching over a wide area.  Rainbow's drilling strategy will be to extend the shallow pits at depth and follow the north-south geological contact directly toward the Ruby Hill Mine.

Significant results from Moose Mountain's recent site visit included chip samples across 15 metres from the south wall of the Hamburg Pit (southern portion of Jewel Ridge) that assayed 0.98 g/t Au, 14.1 g/t Ag and 3.45% Zn, while another chip sample across 7 metres from the nearby Paroni Pit assayed 0.91 g/t Au and 3.9 g/t Ag.  A hematite float sample, believed to have originated from the Dunderburg Mine area in the northwest section of the property, graded 3.6 g/t Au, 30.4 g/t Ag and 2.2% Pb.

The 607-hectare Jewel Ridge Property is strategically located between Barrick's Ruby Hill Mine and Timberline Resources' advanced-stage Lookout Mountain Project to the south.  Rainbow can earn up to a 75% interest in Jewel Ridge as part of its option agreement with Greencastle Resources Ltd. announced March 29, 2012.

Barrick reported that, as of December 31, 2011, proven and probable reserves at the Ruby Hill Mine include 16.8 million tons at an average grade of 0.058 oz/ton Au (1.99 g/t) containing approximately 978,000 ounces.  Barrick estimates additional mineralization of 107.6 million tons at a grade of 0.021 oz/ton Au (0.72 g/t).  Total production in 2011 was 127,000 ounces.

The Lookout Mountain Project contains 390,000 ounces of measured and indicated gold resources (18,838,000 tonnes at 0.65 g/t Au) and 221,000 ounces of inferred resources (16,679,000 tonnes at 0.41 g/t Au) as reported by Timberline April 19, 2012.

Corporate Developments

Rainbow filed an application last month (April) to be listed on the OTCQX.  This pending U.S. listing is expected to give the company increased visibility and exposure in the American market and will make it easier for United States-based investors to trade Rainbow stock.

Quality Assurance/Quality Control

Rainbow's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Jim Decker, P.Eng., a director of Rainbow Resources who serves as a qualified person under the definition of National Instrument 43-101. A comprehensive quality assurance/quality control program is in place to monitor precision and accuracy of assay results. Rock samples from Jewel Ridge were submitted to ALS Labs in Elko, Nevada.  Sample preparation included sample weight, crushing to 70% passing 2 mm, riffle splitting, and pulverizing to 85% passing -75um.  Analytical procedures included Agua Regia digestion with a 35 element ICP AES finish.  The gold was determined by fire assay on a 30g sample with an ICP AES finish.

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Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol

RBW.V.  Rainbow currently has 33,923,163 common shares issued and outstanding.

For further information:  President David W. Johnston -  (403) 701-2781.

Visit our website at www.RainbowResourcesInc.com

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news releaseis given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.

 

May 17, 2012 - Rainbow Secures Strategic Position in Slocan Valley Flake Graphite Region

GOLD VIKING DRILLING PREPARATIONS UNDERWAY

TORONTO, ONTARIO, May 17, 2012 -- Rainbow Resources Inc. (TSX VENTURE: RBW) ("Rainbow" or the "Company") is pleased to report that it has acquired, through staking, a strategic land position consisting of two claim blocks covering over 40 square kilometres in the heart of the Valhalla high-grade Metamorphic Complex (see attached map).  This under-explored area in the Slocan Mining Division of southeast British Columbia, west and south of the Company's flagship Big Strike Gold-Silver Project, hosts the only producing natural flake graphite mine in western North America.  The mine is operated by privately-held Eagle Graphite Corporation which has recently added to its large claim holdings in the Valhalla region.

Prospecting has already commenced on Rainbow's graphite claims in conjunction with prospecting on nearby Big Strike areas.  Rainbow is also in possession of historical airborne survey information which will be of immense help in exploration of the graphite claims.

"From Eagle Graphite's potential world-class deposit, 21 km due west of our soon-to-be-drilled Gold Viking Property where we have numerous gold and silver targets, flake graphite occurrences have been reported over a broad area stretching nearly 30 km north-south," stated Rainbow President David W. Johnston.  "It appears that this part of the West Kootenay region has undergone some very unique geological processes that have created extremely favourable conditions for high quality, near-surface flake graphite. The host rocks are ideal.  There is strong potential for additional flake graphite deposits throughout this area, and Eagle Graphite's processing plant is already in place.

"Rainbow has the boots on the ground and the right geological team to take advantage of this graphite opportunity very close to our flagship Big Strike Gold-Silver Project where our near-term focus is on advancing several key holdings - past high-grade producers that have never been previously drilled," continued Johnston. "The strategic steps we've just taken have further solidified our position as an exploration leader in the Slocan Valley-

West Kootenay region with excellent opportunities for significant gold, silver and graphite discoveries."

Rainbow Graphite Claim Block #1

Rainbow holds a strategic 12.5-km-long claim block, totalling 2,100 hectares, beginning 5 km northeast of Eagle Graphite's mill site (14 km southeast of the mine site) and immediately north of Anglo-Swiss Resources' Blu Starr Property.  Anglo-Swiss reported May 9, 2012, that up to 15% graphite has been mapped in outcrop over the northern part of Blu Starr and appears to be associated with a 3-km-long electromagnetic (EM) anomaly identified in an airborne geophysical survey completed in 2010. Less than 25% of the property was covered by the airborne survey.

Rainbow Graphite Claim Block #2

Rainbow holds another strategic claim block, 9-km-wide and also totalling 2,100 hectares, contiguous to the southern boundary of the Blu Starr Property.

Gold Viking and International Property Updates

Ground conditions are now favourable for drilling and initial site preparations are underway for a first-ever drill program at Rainbow's highly prospective Gold Viking Property adjacent to the Village of Slocan.  Gold Viking, one of several Big Strike Project properties that Rainbow will be focusing on over the coming months, is part of the same geological system as the contiguous Ottawa Mines which produced 1.8 million ounces of silver in the 1900's at an average grade of 2,113 g/t or 61.6 ounces per ton.

Rainbow's Gold Viking and Ottawa properties have never been previously drilled despite historical high-grade production from both.  A total of nine drill sites have been proposed for the north side of Springer Creek at Gold Viking to test coincident strong airborne conductors and soil geochemical anomalies across the central portion of the property where a geological contact for silver and gold mineralization trends in a north to northwesterly direction.  Each of the drill sites will allow for multiple holes to be completed.  Drilling will commence immediately upon receipt of permits.

Rainbow has also staked an additional 60 hectares to extend the western boundary of the Gold Viking Property which is situated at the eastern extremity of the Valhalla Metamorphic Complex, 21 km due east of Eagle Graphite's deposit.  Eagle Graphite  holds claims contiguous to the southwest portion of Gold Viking.

Ground conditions are gradually improving at Rainbow's International Silver Property, 70 km north of Gold Viking, where upcoming drilling will explore a potentially rich vein system dominated by quartz with irregular massive sulphide bodies of galena, pyrite and sphalerite that could extend near-surface for several kilometres.

Qualified Person

Rainbow's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Jim Decker, P.Eng., a Director of Rainbow Resources, who serves as a Qualified Person under the definition of National Instrument 43-101.

Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol

RBW.V.  Rainbow currently has 33,923,163 common shares issued and outstanding.

For further information:  President David W. Johnston -  (403) 701-2781.

Visit our website at www.RainbowResourcesInc.com.

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release.

To View Map Image, please copy and paste URL below into a new browser:

http://thenewswire.ca/client_files/2012-05-17-0.pdf

 

May 3, 2012 - Rainbow Expands Big Strike Land Package 4.4% Copper Showing at Referendum

TORONTO, ONTARIO, May 3, 2012-- Rainbow Resources Inc. (TSX VENTURE: RBW) ("Rainbow" or the "Company") is pleased to provide an update on its Big Strike Project in southeast British Columbia where the Company has staked new prospective ground near Nelson to expand its total land package by nearly 50% to 12,700 hectares.  Rainbow is a gold and silver exploration leader in the mineral-rich West Kootenay district and is preparing to launch its 2012 drill program in addition to carrying out aggressive prospecting aimed at identifying new discoveries throughout the Big Strike Project.

Rainbow Stakes Large Area Between Former Mine And Rhea

Based on favourable results from initial field work at Rhea, as reported by the Company March 23, 2012, combined with encouraging new information obtained by its prospecting team, Rainbow has staked almost the entire area between the Rhea Property and the former producing Second Relief Mine immediately to the south.  This 8-kilometre-long, 5-kilometre wide section is hosted by Nelson intrusives while the structurally important Red Mountain Fault cuts across the newly-staked area from north to south.  The Second Relief Mine, in the same Archibald formation as Rhea, was the third-largest gold-enriched skarn producer in British Columbia history (over 100,000 ounces of gold were produced).

International, Gold Viking Properties Drill-Ready

Rainbow's 2012 Big Strike drill program will start at the International and Gold Viking properties immediately upon receipt of permits and as soon as ground conditions allow.

Gold Viking, adjacent to the village of Slocan 70 kilometres north of Nelson, is a south-facing property where ground conditions are now improving rapidly.  Initial drilling will test a geological contact for silver and gold mineralization over a nearly 500-metre distance trending in a north to northwesterly direction.  Strong airborne conductors coincident with geochemical anomalies helped define numerous high-priority drill targets over this central area of the property.

Snow melt is typically slower at the flagship and higher elevation International Silver Property, approximately 70 kilometres to the north of Slocan.  Drilling will explore  a potentially rich vein system dominated by quartz with irregular massive sulphide bodies of galena, pyrite and sphalerite that could extend near-surface for several kilometres.

The Ottawa Property, immediately adjacent to Gold Viking and a former significant silver producer in the 1900's, is another high priority target for Rainbow in 2012.  The Ottawa claims, and an area 350 metres east of these claims, produced a total of 1.8 million ounces of silver in the 1900's at an average grade of 2,118 g/t Ag or 61.6 oz/ton.

The International, Gold Viking and Ottawa properties have never been previously drilled.

Two Major Areas Of Interest Outlined At Referendum Including 4.4% Historical Cu Showing

Rainbow's 2012 Big Strike prospecting program will begin at the Company's recently-optioned Referendum Property where two major areas of interest have been identified based on a review of previous limited exploration work and artisanal mining records.

On the eastern side of the property, Rainbow will be investigating a quartz-tourmaline stockwork system with open-pit potential. Historically, small-scale gold production from at and near-surface has occurred within an alteration zone measuring approximately 700 metres by 150 metres with ore processed at the Trail Smelter.  This zone has never been drill-tested and is open in all directions.

The western portion of the Referendum, meanwhile, has not been systematically explored for the potential of hosting a copper-gold porphyry deposit.  Elevated copper in soil geochemistry and the presence of feldspar porphyry, chloritic shears and malachite staining were reported over a 2 km strike length in 2005.  A 3-metre long chip sample, across the apparent width of one of the malachite stained outcrops, returned an assay value of 4.44% Cu and 13 g/t Ag.  Only three holes totalling just 300 metres have ever been drilled on this western portion of the Referendum Property (by Acrex Ventures Ltd. following the surface discovery in 2005).  Several sections of mineralization were intersected by Acrex with values up to 0.25% Cu and 0.86 g/t Au before the company turned its attention to other properties.

Fugro Airborne Survey Data

Moose Mountain Technical Services, Rainbow's resource consultants, have just received final heliborne electromagnetic survey data on most of the Big Strike properties and will be reviewing this information in the coming days.

Jewel Ridge Update

Moose Mountain Technical Services and Rainbow have completed a site visit and initial field work at the company's recently-optioned Jewel Ridge Property along the prolific Battle Mountain-Eureka Trend in Nevada.  The Company is eagerly anticipating a report on Jewel Ridge, including assay results from last month's sampling program, within the next 7 to 14 days as plans for Phase 1 drilling continue.  Jewel Ridge is along strike and contiguous to Barrick's Ruby Hill Mine to the north and the advanced-stage Lookout Mountain Project to the south.

Rainbow Corporate Video

The Company is pleased to announce that a corporate video on Rainbow Resources  ("People-Driven.  Discovery-Focused.  Follow The Rainbow") is now available for viewing at the Company's web site, www.RainbowResourcesInc.com, or by clicking on the following link:

http://rainbowresourcesinc.com/RBWCorporateVideoMay2012.php

Qualified Person

Rainbow's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Jim Decker, P.Eng., a Director of Rainbow Resources, who serves as a Qualified Person under the definition of National Instrument 43-101.

Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol

RBW.V.  Rainbow currently has 33,923,163 common shares issued and outstanding.

For further information:  President David W. Johnston -  (403) 701-2781.

Visit our website at www.RainbowResourcesInc.com.

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this news release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

April 11, 2012 - Rainbow Commences Exploration at Jewel Ridge

TORONTO, ONTARIO, April 11, 2012 -- Rainbow Resources Inc. (TSX VENTURE: RBW) ("Rainbow" or the "Company") is pleased to report that it has commenced a field exploration program at its recently-optioned Jewel Ridge Property on the south end of Nevada's prolific Battle Mountain - Eureka Trend.

"This short detailed program, combined with all the historical information we already have on Jewel Ridge including certain proposed drill targets, will enable us to move rapidly to Phase 1 drilling," explained Rainbow President David W. Johnston. "We look forward to the near-term results of this current work which may include the use of our portable backpack drill for near-surface core sampling.

"We expect a quick permitting process for drilling Jewel Ridge and strong news flow in the coming weeks from this exciting new property that holds strong exploration upside," concluded Johnston.

Jewel Ridge, located along strike and contiguous to Barrick Gold's Ruby Hill Mine to the north and the advanced-stage Lookout Mountain Project to the south, contains several past producing open-pits. Rainbow will be following up on encouraging results from previous drilling by Greencastle Resources (TSX.V: VGN) including 2.1 g/t Au over 39.6 metres (94.5 m to 134.1 m) at the old Hamburg Mine workings. Rainbow can earn up to a 75% interest in the project from Greencastle as reported March 29, 2012.

Big Strike Project Update

Initial drill targets have been finalized and notice of work applications have been submitted to the British Columbia Ministry of Energy and Mines for the International and Gold Viking properties at the company's flagship Big Strike Project in the West Kootenays.

Drilling at the International will test a vein system, dominated by quartz with irregular massive sulphide bodies of galena, pyrite and sphalerite, that could extend for several kilometres.  The International has never been previously drilled despite strong showings of silver mineralization over north and central portions of the property.

The Gold Viking and Ottawa properties, adjacent to each other near the village of Slocan, have also never been previously drilled and will be a strong focus of the company's exploration efforts this spring and summer.  Gold Viking and Ottawa have similar geological signatures, so significant past production from the Ottawa Mines makes both properties highly valued exploration targets.

Rainbow's Ottawa claims, and an area up to 350 metres east of these claims, produced 1.8 million ounces of silver in the 1900's at an average grade of 2,118 g/t or 61.6 oz/ton Ag. The workings explored a broad shear/breccia zone within Nelson intrusives, cut by felsites and lamprophyre dykes.  Individual veins within the zone are 0.6 to 6 metres wide, with stopes as much as 2.4 metres wide.  Near parallel veins occur over widths of at least 10-15 metres.

Rainbow's Big Strike land package also includes the Tin City and President properties near the International, approximately 140 kilometres north of Nelson, and three properties in the Nelson Gold Camp - Rhea, Whitewater and Referendum.

Rainbow's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Jim Decker, P.Eng., a Director of Rainbow Resources, who serves as a Qualified Person under the definition of National Instrument 43-101.

Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol

RBW.V.  Rainbow currently has 33,508,6163 common shares issued and outstanding.

For further information: David Johnston (403) 701-2781.

Visit our website at www.RainbowResourcesInc.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

 

Mar 29, 2012 - Rainbow Adds Nevada Gold Property to Gold-Silver Exploration Portfolio

TORONTO, ONTARIO, March 29, 2012 -- Rainbow Resources Inc. (TSX VENTURE: RBW) ("Rainbow" or the "Company") is very pleased to announce that it has entered into an agreement with Greencastle Resources Ltd. ("Greencastle") (TSX VENTURE: VGN) for exploration of Greencastle's Jewel Ridge Gold Property near Eureka, Nevada, in the heart of a major gold producing district.

Jewel Ridge is located on the south end of Nevada's prolific Battle Mountain - Eureka Trend, along strike and contiguous to Barrick Gold's two-million ounce Archimedes/Ruby Hill Mine to the north and Timberline Resources' advanced-stage Lookout Mountain Project to the south.

Jewel Ridge contains several historic small open-pit gold mines which align along a north-south trending stratigraphic contact of Lower Paleozoic sedimentary rocks as well as several other gold mineralized zones with a variety of structural and lithological controls.  One of Rainbow's initial priorities will be to follow-up on encouraging results from Greencastle's previous drilling including 2.1 g/t Au over 39.6 metres (94.5 m to 134.1 m) at the old Hamburg Mine workings.

The property consists of 96 unpatented lode mining claims and 11 patented claims covering approximately 1,510 acres.

"Combined with our flagship Big Strike Project in the West Kootenay region of southeast British Columbia, this strategic entry into Nevada gives Rainbow year-round drilling capability and exciting additional opportunities to build value for our shareholders," stated Rainbow President David W. Johnston.  "Gold mineralization at Jewel Ridge is present in a variety of styles over a wide area and we look forward to unlocking the value of this asset. We're also continuing our due diligence with respect to possibly adding a second Nevada property to our package."

"We are delighted to enter into this agreement with Rainbow," explained Greencastle CEO Anthony Roodenburg. "They have a strong technical team and an aggressive approach to exploration.  We're looking forward to this partnership on Jewel Ridge."

Rainbow can earn a 60% interest in the Jewel Ridge Property by paying Greencastle $250,000 cash, issuing 1,500,000 shares of Rainbow and spending $4.5 million over 4 years.  On earning a 60% interest in the property, Rainbow can elect to increase its interest to 75% by advancing the property to the stage of a bankable feasibility study. A finder's fee may be payable in connection with this transaction.

Rainbow looks forward to releasing more details regarding Jewel Ridge and its immediate exploration plans for the property upon further review by Moose Mountain Technical Services, Rainbow's resource consultants.

Qualified Person

Rainbow's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Robert Morris, P.Geo., of Moose Mountain Technical Services, who serves as a Qualified Person under the definition of National Instrument 43-101.

Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol

RBW.V.  Rainbow currently has 33,508,163 common shares issued and outstanding.

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

For further information: David Johnston (403) 701-2781.

Visit our website at www.RainbowResourcesInc.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Mar 29, 2012 - Rainbow Resources Inc. Announces International Property Returns Samples Of 1,148 g/t Ag and 68% Lead

TORONTO, ONTARIO, March 29, 2012 -- Rainbow Resources Inc. (TSX VENTURE: RBW) ("Rainbow" or the "Company") is pleased to report that initial prospecting, rock and soil sampling carried out by Moose Mountain Technical Services, the Company's resource consultants, and Moose Mountain's extensive review of work completed by Braveheart Resources since 2006, has confirmed historical assay results and the potential for an epigenetic polymetallic deposit (silver, lead, zinc and possibly gold) at the Company's 4,000-hectare International Property near Kaslo in southeast British Columbia.

High-grade silver, lead and zinc, as well as traces of gold, were first discovered at the International in the early 1900's (small-scale mining of high-grade near-surface material took place intermittently until the early 1940's) but access issues have prevented any drilling from ever taking place.  The first road into the property on the eastern shore of Duncan Lake was built in the 1970's.  Privately-held Braveheart Resources, which acquired the nine International crown grants and eight "cell" claims in 2006, upgraded road access, providing easy entry into the International.  Rainbow holds a 100% interest in the property after its acquisition of Braveheart last fall.

Historically, a northwest trending vein system at the International has been traced over a true strike length of more than 1.2 kilometres and has been tested with numerous adits confirmed by Moose Mountain. Mineralization consists of weak to massive galena, pyrite and sphalerite, and is hosted by black, carbonaceous, siliceous schist and decomposed mica schist.  Continuity of the mineralization along strike and at depth, and possible expansion of this system along a 4-kilometre north-south structural corridor, needs to be verified through upcoming additional exploration including a comprehensive drill program with initial targets soon to be finalized.  Results of a recent Fugro heli-borne electromagnetic survey over the entire property are expected sometime in April.

"This project has been several years in the making and started with Braveheart strategically assembling a 40 square kilometre land package that included important crown grants," stated President David Johnston.  "The infrastructure dynamics around the International have changed remarkably since a discovery was first made at this property in the early 1900's, so what's possible now was not achievable historically.  Given areas of impressive mineralization that have been identified at and near the surface, we're evaluating all options and we're eagerly anticipating an aggressive drill program to test this system for continuity and possible extensions in all directions.  With our strong knowledge of the area and Rainbow's focus on defining a deposit, this is going to be a very exciting spring and summer for us.  We believe there is excellent potential to greatly expand the known area of mineralization throughout this land package, and we have an experienced prospecting and geological crew lined up to accomplish that goal. The Duncan Lake district has produced numerous silver-lead-zinc deposits and we believe the geological conditions are ideal for the discovery of a substantial deposit at the International."

Moose Mountain reports that 12 rock samples collected in 2008 by Braveheart Resources from two distinct crown granted claim areas - seven from the "Forgotten"  package on the northern portion of the property, a highly prospective target given historical work by Omo Mines Corporation and Kaslo Mines Corporation from the late 1920's to the early 1940's - and five from the "Cabin Fraction" area approximately 1 kilometre south toward the central part of the property - returned high grades of silver and lead.  The average grades of 562.3 g/t Ag (16.4 oz/ton) and 39.2% Pb are fairly typical of historical assays from old workings going back to the early 1900's.

Eight of the above samples exceeded 590 g/t Ag or 17 oz/ton and 47% Pb with the highest readings being 1,148 g/t Ag or 33.48 oz/ton Ag and 68% Pb.  Moose Mountain recently took one rock sample from the Forgotten area and it assayed 300 g/t Ag (8.75 oz/ton) and 51.7% lead. Rainbow cautions that these grab samples, while encouraging, may not be representative of mineralization on the property.

"Cabin Showing"

As detailed in a National Instrument 43-101 technical report, initial prospecting by Moose Mountain has identified an exposed vein structure - the "Cabin Showing" - approximately 1 kilometre southeast of the Forgotten area.  Mineralization within this vein structure, exposed for approximately 80 metres along strike by a road cut, and up to 2.5 metres thick, occurs as irregular massive sulphide bodies of galena, pyrite and rare sphalerite.  It appears to be conformable to the layering of the host schists with a strike of approximately 290 degrees and dips ranging from 5 degrees to 20 degrees to the north. Three channel samples from this showing, across vein intervals between 0.6 m and 2m, returned an average assay of 10 g/t Ag and 0.85% lead. Below the exposed vein there is mineralized debris in the access road cut and distinctly gossanous soils that are highly anomalous in multiple elements.  Drilling is proposed in this particular area in order to test strata below the showing and investigate the strong potential for multiple vein structures.

Soil samples collected by Braveheart Resources and Moose Mountain, from the Cabin Showing to the Forgotten claims, are highly anomalous in lead, zinc, arsenic and boron, suggesting there are many more prospective areas of mineralization on the property.

Geological Setting/Infrastructure

The International Property, with elevations ranging from 576 metres to 2,133 metres, is situated in the Rocky Mountain Belt near its western edge in the Purcell Mountains, just north of the apex of regional deformation known as the Kootenay Arc.  The Horsethief Creek Group, comprising highly deformed quartz mica shist, underlies the property.

Local resources and infrastructure in the immediate vicinity of the International enhance the attractiveness of a potential mining project.  The Glacier Hydroelectric Plant Project is just a few kilometres south of the crown grants while good paved highways, after a gravel road from Cooper Creek Junction, connect the property to Revelstoke and Nelson as well as the smelter facilities of Trail.

The International is one of eight properties in the Company's "Big Strike" Project covering a total of nearly 9,000 hectares in the prolific West Kootenay region of southeast British Columbia, an area that has accounted for a large proportion of the province's silver, lead and zinc production as well as significant quantities of gold and copper.    Rainbow has received a National Instrument 43-101 technical report on the Big Strike Project and the report is being filed imminently on Sedar.

Tin City Property

The southern portion of Rainbow's 1,000-hectare Tin City Property is attached to the northern tip of the International and is viewed as being a potential extension of a deposit at the International. Historically, the Tin City area was first explored in the 1920's when three short adits, an inclined shaft and some open cuts were driven into galena and sphalerite-bearing quartz veins.  A tin showing, importantly also containing some beryllium and scheelite, was discovered in the 1940's.  Soil geochemistry outlined several copper, lead, zinc and tungsten anomalies.  Exploration since then, including some limited drilling by Newmont, has focused on tungsten with most of that work carried out in the 1980's.  Rainbow believes the property warrants a fresh geological approach, especially considering its proximity to the International.  Moose Mountain continues to review historical data from Tin City, and results from a recent Fugro heli-borne electromagnetic survey over the property are expected sometime in April.

President Property

The President claims are situated on the west side of Duncan Lake, approximately 13 kilometres southwest of the International, and considerable faulting on this under-explored property could have provided a conduit for mineralizing solutions.  The Lardeau Group, comprising quartzite, argillites and altered sill material, underlies the property.

The quartzites are brecciated and chloritic within north-trending shears near faults.  An 8-kilometre long fault trends northwest through the property and follows the contact between the Upper Index and Sharon Creek Formations.  There are some geological similarities between the President Property and the past producing Bluebell Mine (4.82 mllion tonnes grading 5.2% Pb, 6.3% Zn and 45 g/t Ag) approximately 90 kilometres south.  Results are pending from a recently completed Fugro heli-borne electromagnetic survey at President.

Rainbow "Round-Up" March 29 In Calgary

The Company will be hosting a Rainbow "Round-Up" event, an information session regarding corporate developments during this first quarter, Thursday, March 29, 2012, beginning at 2:30 pm in the Sovereign Suite on  the 35th floor of the International Hotel in Calgary, Alberta (220 - 4th Ave. SW, 35).  Rainbow cordially invites all market participants to take advantage of this opportunity to learn more about the Company and its plans for 2012.  The event will be hosted by David W. Johnston.  Please RSVP by email (david@RainbowResourcesInc.com) or phone (403-701-2781).

Quality Assurance/Quality Control

Rainbow's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Robert Morris, P.Geo., of Moose Mountain Technical Services, who serves as a Qualified Person under the definition of National Instrument 43-101.  A comprehensive quality assurance/quality control program is in place to monitor precision and accuracy of assay results. Rock samples from the International Property were shipped to Loring Laboratories in Calgary, AB., for analysis.  Samples were submitted for 30 Element ICP analysis including FA/AA for silver and gold.  Samples were digested with Aqua Regia at 95C for one hour and bulked to 20 ml with distilled water. Dissolution was partial for Al, B, Ba, Ca, Cr, Fe, K, LA, Mg, Mn, Na, P, Sr, T and W.  Assays were 0.5 gram samples digested by a multi acid with a AA finish.

Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol

RBW.V.  Rainbow currently has 33,508,163 common shares issued and outstanding.

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about strategic plans, future work programs and objectives and expected results from such work programs. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information and the risks identified in the Company's continuous disclosure record. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

For further information: David Johnston (403) 701-2781.

Visit our website at www.RainbowResourcesInc.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Mar 23, 2012 - Rainbow Samples 1.6% Copper and 24.5 G/T Silver at Rhea

TORONTO, ONTARIO, March 23, 2012 -- Rainbow Resources Inc. (TSX VENTURE: RBW) ("Rainbow" or the "Company") is pleased to provide additional details on its 1,472-hectare Rhea Property, part of Rainbow's Big Strike Project that now includes a total of eight properties covering approximately 9,000 hectares in the West Kootenay region of southeast British Columbia.  Rhea is 13 kilometres southwest of Nelson and in the immediate vicinity of numerous past producers.  Moose Mountain Technical Services, Rainbow's resource consultants, conducted preliminary rock sampling at Rhea and completed a review of historical information pertaining to the property for a National Instrument 43-101 technical report expected to be filed on Sedar prior to month-end.  A detailed Fugro heli-borne electromagnetic survey was recently carried out over Rhea and results are expected sometime in April.

No systematic drill program has ever been undertaken at Rhea despite encouraging historical reports of significant mineralized zones on the property with showings of gold, silver, lead, zinc and copper. Multiple adits and trenches have been reported in addition to the existence of a strong hydrothermal alteration system.  A large and strong multi-element geochemical anomaly, measuring at least 3,000 metres by 2,000 metres, was located at Rhea in the late 1980's through an extensive soil survey.  A total of 837 sample sites were used.  The soil values suggest the potential for a skarn-type deposit similar to the past producing Second Relief Mine, the third-largest gold-enriched skarn producer in British Columbia, five kilometres to the south of Rhea - on strike and in the same Archibald Formation.

Meanwhile, the former Silver King Mine - the main historic producer (silver and copper) in the Nelson area - is six kilometres to the northeast of the six contiguous Rhea claims.  Two large masses of diorite porphyry, possibly related to the prolific Silver King Porphyry, have been identified at Rhea through historical work.

Due to a complex history of magmatic and tectonic activity in this part of the Kootenay Arc, a variety of mineral deposit types do exist in the area.

Moose Mountain Technical Services is looking forward to carrying out extensive field work at Rhea, in addition to reviewing the pending airborne survey results, in order to verify the above historical information and define precise targets for a proposed Phase 1 drill program.

Moose Mountain did collect a total of eight rock samples from the Rhea Property, during some initial prospecting, which averaged 4.3 g/t Ag. One sample taken from an historic trench assayed 1.6% copper and 24.5 g/t Ag.  Rainbow cautions that the grab samples taken by Moose Mountain may not be representative of mineralization on the property.

"A lot of encouraging information on Rhea collected during the 1980's was simply never followed up on for various factors including depressed metal prices," stated Rainbow President David W. Johnston.  "Rhea is right in between two former significant producers, so we're confident in the possibility of a discovery at this property.  This is why we expanded the size of Rhea late last year by acquiring additional claims, and just recently of course we optioned the Whitewater Property contiguous to Rhea.  Together with the Referendum claims slightly to the north, we have assembled a package of outstanding targets in this rich historical mining camp near Nelson which will give us an exciting and potentially rewarding drill program."

Corporate Developments

Rainbow is pleased to announce that its Annual General Meeting will be held beginning at 10:00 am Thursday, April 19, 2012, at the offices of Fogler Rubinoff, 95 Wellington St. West, in Toronto (12th floor).

Rainbow is committed to building shareholder value by acquiring and exploring high quality gold and silver properties in favorable jurisdictions.

"We are continuing to evaluate opportunities to expand our flagship Big Strike Project in the West Kootenays," stated Johnston, "in addition to adding a potential second project in North America that would give us year-round drilling capability.  We are committed to making 2012 a pivotal year for this young company, and we look forward to providing additional details on our International, Tin City and President properties prior to month-end."

The Company is also pleased to announce that a Rainbow "Round-Up" event, an information session regarding corporate developments during this first quarter, will be held Thursday, March 29, 2012, beginning at 2:30 pm in the Sovereign Suite on the 35th floor of the International Hotel in Calgary, Alberta (220 - 4th Ave. SW).  Rainbow cordially invites all market participants to take advantage of this opportunity to learn more about the Company and its plans for 2012.  David W. Johnston will host the event.  Please RSVP by email (david@RainbowResourcesInc.com) or phone (403-701-2781).

Quality Assurance/Quality Control

Rainbow's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Mr. Robert Morris, P.Geo., of Moose Mountain Technical Services, who serves as a Qualified Person under the definition of National Instrument 43-101.  A comprehensive quality assurance/quality control program is in place to monitor precision and accuracy of assay results. Rock samples from Rhea were shipped to Loring Laboratories in Calgary, AB., for analysis.  Samples along with analytical standards were submitted for 30 Element ICP analysis including FA/AA for silver and gold.  Samples were digested with Aqua Regia at 95C for one hour and bulked to 20 ml with distilled water.  Dissolution was partial for Al, B, Ba, Ca, Cr, Fe, K, LA, Mg, Mn, Na, P, Sr, T and W.  Assays were 0.5 gram samples digested by a multi acid with a AA finish.

Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol RBW.V.  Rainbow currently has 33,508,163 common shares issued and outstanding.

For further information: David Johnston (403) 701-2781.

Visit our website at www.RainbowResourcesInc.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Mar 15, 2012 - Rainbow Expands Exploration Plans for Promising Gold Viking/Ottawa Properties

TORONTO, ONTARIO, March 15, 2012 -- Rainbow Resources Inc. (TSX

VENTURE: RBW) ("Rainbow" or the "Company") is pleased to report that multiple new

prospective exploration targets have been identified well outside of historical workings

over a distinctive 1.4-kilometre north-south trend at its Gold Viking Property near the

village of Slocan in southeast British Columbia, significantly expanding the previously

known mineralization footprint. Gold Viking is immediately adjacent to Rainbow's

Ottawa Property, a robust silver producer in the early 1900's. The two properties form

part of the Company's recently expanded Kootenay Arc Big Strike Project that now

covers 9,000 hectares.

"Given the high-grade historical near-surface production at the old Ottawa Mines, and the

fact this general area has never been drill-tested or systematically explored, our initial

rock and soil sampling as well as airborne surveys at Gold Viking are extremely

encouraging and confirm that we're on track with our strategy," stated Rainbow President

David W. Johnston. "As a result we are expanding our field exploration and drilling

plans for both of these properties in an effort to further define the extent of mineralization

and determine if they form one large intrusive body due to their close proximity and

similar geological setting."

Moose Mountain Technical Services, Rainbow's resource consultant, reports that

preliminary data from a recently completed Fugro heli-borne electromagnetic survey at

Gold Viking reveals a very low resistivity feature that, importantly, corresponds exactly

to a multi-element soil geochemical anomaly over the central portion of the property.

This feature, 1,400 metres long and 320 metres wide, may represent a structural break

that could have acted as a conduit for mineralizing hydrothermal fluids. A north-south

trending mafic dyke is exposed within this same corridor.

Airborne surveys also revealed a similar low resistivity feature over parts of the northern

and southern sections of Gold Viking that merit additional ground follow-up. Gold

Viking is 3.7 kilometres north to south and stretches 2.7 kilometres east-west at its widest

point.

Gold Viking hosts a few historical adits that traced mineralization in a north-south

direction and yielded quantities of silver, gold and lead from mining of high-grade

material in the early 1900's. Moose Mountain collected a total of six grab samples from

adits in the central and southern parts of the property with five of these samples returning

significant silver values ranging from 66 g/t (1.9 oz/ton) to 489 g/t (14.3 oz/ton).

Ottawa Property Past Production

The eastern edge of the 501-hectare Gold Viking Property is approximately 1,000 metres

from the western boundary of the 229-hectare Ottawa Property. As detailed in a National

Instrument 43-101 compliant technical report just received from Moose Mountain, and

expected to be filed on Sedar within the next 10-14 days, Rainbow's Ottawa claims and

an area up to 350 metres east of these claims produced a total of 55,941,000 grams of

silver (1.8 million oz.), 1,000 grams of gold, 361,000 kg of lead, 12,000 kg of zinc and

800 kg of copper from 26,500 tonnes mined, mostly in the early 1900's but with some

production occurring as late as 1984. The approximate historical average mined

grade for silver at the Ottawa Mines was 2,113 g/t (61.6 oz/ton).

The Gold Viking and Ottawa properties share many of the characteristics of a felsicintrusion-

associated silver-lead-zinc vein-type deposit. There is easy access to both

properties and important infrastructure is nearby.

"We've very pleased with the detailed technical report we've just received from Moose

Mountain covering our entire Big Strike Project, and we will be providing additional

information on our International, Tin City, President and Rhea land packages in the very

near future as we complete our review of this document and exploration data that is

coming in," stated Johnston.

Quality Assurance/Quality Control

Rainbow's disclosure of a technical or scientific nature in this news release has been

reviewed and approved by Mr. Robert Morris, P.Geo., of Moose Mountain Technical

Services, who serves as a Qualified Person under the definition of National Instrument

43-101. A comprehensive quality assurance/quality control program is in place to

monitor precision and accuracy of assay results. Rock and soil samples from Gold Viking

were shipped to Loring Laboratories in Calgary, AB., for analysis. Samples along with

analytical standards were submitted for 30 Element ICP analysis including FA/AA for

silver and gold. Samples were digested with Aqua Regia at 95C for one hour and bulked

to 20 ml with distilled water. Dissolution was partial for Al, B, Ba, Ca, Cr, Fe, K, LA,

Mg, Mn, Na, P, Sr, T and W. Assays were 0.5 gram samples digested by a multi acid

with a AA finish.

Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol

RBW.V. Rainbow currently has 32,895,638 common shares issued and outstanding.

For further information: David Johnston (403) 701-2781.

Visit our website at www.RainbowResourcesInc.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is

defined in the policies of the TSX Venture Exchange) accepts responsibility for the

 

Mar 8, 2012 - Rainbow Expands Big Strike Project In Southeast British Columbia With Acquisition Of Referendum And Whitewater Properties

TORONTO, ONTARIO, March 8, 2012 -- Rainbow Resources Inc. (TSX Venture: RBW) ("Rainbow" or the "Company") is pleased to announce that it has entered into an option agreement to acquire two new gold properties in the West Kootenay region of British Columbia, increasing the size of its "Big Strike" Project by over 20% to nearly 9,000 hectares.

"This acquisition of the Referendum and Whitewater properties immediately southwest of Nelson in a highly favorable geological environment is an ideal fit for Rainbow as we continue our strategy of selectively targeting under-explored gold and silver opportunities in this prolific region and elsewhere in other friendly jurisdictions," explained President David W. Johnston.  "Our prospecting and geological teams are considering fresh interpretations and potential new exploration and development options with regard to these important properties."

The 1,486-hectare Referendum Property is approximately 11 kilometres southwest of Nelson and four kilometres north of Rainbow's recently expanded Rhea Property.  Minor amounts of gold, silver, lead and zinc were recovered at Referendum in the early 1900's from a shallow shaft, and some artisanal mining occurred as recently as the 1980`s, but this potential quartz-tourmaline stockwork system of sedimentary, metamorphic and volcanic rocks has never been systematically explored. Only very limited shallow drilling has historically been undertaken.

Whitewater, immediately south of Referendum, is strategically located near the head of Snowwater Creek and contiguous to claims recently acquired by Rainbow (see December 16 news release) that enlarged its Rhea Property.  Gold-bearing veins were first discovered at Whitewater in the late 1800's and minor production came from short adits between 1890 and 1930.  The property comprises 138 hectares.  Like Referendum, Whitewater has never been aggressively explored.

Meanwhile, Rainbow Resources anticipates receipt of a technical report by early next week from Moose Mountain Technical Services, the Company`s resource consultant, covering the International, Tin City, President, Gold Viking, Ottawa and Rhea properties.

Referendum-Whitewater Deal

A cash payment of $25,000 and 200,000 Rainbow shares are payable to Mr. Tom Cherry (the "optionor") upon receipt of regulatory approval with the balance in cash ($420,000) and shares (800,000) payable in annual installments, on the 12-month anniversary of the agreement, over a five-year period as follows:

  1. 1.$40,000 in cash and 200,000 Rainbow shares after Year 1;
  1. 2.$80,000 in cash and 200,000 Rainbow shares after Year 2;

3.   $105,000 in cash and 200,000 Rainbow shares after Year 3;

4.   $135,000 in cash and 150,000 Rainbow shares after Year 4;

5.   $60,000 in cash and 50,000 Rainbow shares after Year 5.

The optionor will retain a Net Smelter Royalty (NSR) interest of 1% on the properties.  Rainbow will have the right to purchase the NSR at any time for $3,000,000.

Rainbow may earn its 100% interest in the properties at any time as long as it has fulfilled the total commitments with respect to cash and shares.

The option agreement is subject to the approval of the TSX Venture Exchange.

Financing Update

There was an error in the Company's news release February 15, 2012, announcing completion of its private placement of units and flow-through units.  The Company issued 6,762,001 units, not 6,612,001 units as disclosed in the news release, resulting in total gross proceeds of $1,134,300.15.  The disclosure in the original news release with regard to the flow-through units was correct.

Mr. Jim Decker, P. Eng., director of Rainbow Resources Inc. and a Qualified Person as defined by National Instrument 43-101, has reviewed the contents of this news release.

Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol RBW.V.  Rainbow currently has 32,895,638 common shares issued and outstanding.

For further information: David Johnston (403) 701-2781

Visit our website at www.RainbowResourcesInc.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Feb 15, 2012 - Rainbow Resources Completes Private Placement

TORONTO, ONTARIO, February 15, 2012 -- Rainbow Resources Inc. (TSX VENTURE: RBW) ("Rainbow" or the "Company") is pleased to announce that it has closed the second and final tranche of its non-brokered private placement financing (see the Company's news release dated January 5, 2012 for details on the closing of the first tranche).  Together with the first tranche, the Company issued 6,612,001 units at $0.15 per unit and 600,000 flow-through units at $0.20 per unit for total gross proceeds of $1,111,800.15.

Each of the units and flow-through units comprise one common share and one-half of a common share purchase warrant. Each full warrant will entitle its holder to acquire one additional common share of Rainbow at a price of $0.25 for 18 months.

In connection with the offering, the Company paid finder's fees totaling $22,300 and issued 140,000 finder's warrants.  Each finder's warrant is exercisable into a common share at $0.15 for a period of 18 months.

The gross proceeds from the sale of the flow-through units will be used for continued exploration including a drill program at the Company's recently acquired Big Strike Project (gold-silver-lead-zinc) in southeastern British Columbia.  The net proceeds from the sale of the units will be used for the upcoming drill program at the 7,000-hectare land package and for general corporate purposes.

The offering is subject to certain conditions, including but not limited to, the receipt of all necessary approvals, including the TSX Venture Exchange and applicable securities regulatory authorities.

David W. Johnston, Rainbow Resources' President, stated:  "This financing allows Rainbow to enter a new stage in its development as a junior resource company.  We're looking forward to a very busy and exciting 2012 with strong news flow in the weeks and months ahead."

The Company has agreed to issue 1,160,000 options to officers, directors and consultants of the Company with an expiry date of two to five years at a price of $0.25.

Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol RBW.V.  Rainbow currently has 32,138,138 common shares issued and outstanding.

For further information: David W. Johnston (403) 701-2781

Visit our website at www.rainbowresourcesinc.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of his release.

 

Jan 25, 2012 - Rainbow Resources a€“ Financing Update

TORONTO, ONTARIO, January 25, 2012 -- Rainbow Resources Inc. (TSX VENTURE:RBW) ("Rainbow" or the "Company") is pleased to announce that it expects the close the second and final tranche of its previously announced private placement (see the Company news releases dated December 7, 2011 and January 5, 2012) on or before February 7, 2012.

The offering is subject to certain conditions, including but not limited to, the receipt of all necessary approvals, including the TSX Venture Exchange and applicable securities regulatory authorities.

Rainbow's shares are listed for trading on the TSX Venture Exchange under the symbol RBW.V.  Rainbow currently has 26,395,137 common shares issued and outstanding.

For further information: David W. Johnston:  (403) 701-2781

Visit our website at www.rainbowresourcesinc.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.