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.
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.