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
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.
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