Braveheart Resources Inc. (Formerly Rainbow Resources Inc.) Provides Update on Bulk Sampling Program and Announces Financing

Toronto, Ontario - Braveheart Resources Inc. (TSXV: BHT) (“Braveheart” or, the “Company”) is pleased to announce the progress on its Bulk Sampling project on its Referendum gold property in southeastern British Columbia. Mr. David W Johnston, President, reports that two hundred and fifty (250 tons) of an initial 1000 ton sample has been excavated and hauled to a storage yard on Silver King Road in Nelson BC. Mineralized material will be used to continue testing the metalurgical process. Assaying has started at Met-Solve Ananalytical Services and results will be announced when they become available. Both excavating and hauling work has paused for the winter and will resume in early spring when snow plowing costs will not be a factor. Access on existing Forest Service roads systems have proven to be a valuable asset to the company.

In addition, the Company announces that it is doing a financing of up to $500,000 comprised of units and flow through units at $0.05. Each unit includes one common share and a warrant which entitles the holder to acquire one additional common share at a price of $0.10 for 18 months. The flow through units include one common share and one-half warrant where each warrant entitles the holder to acquire one additional common share at $0.10 for 18 months. The proceeds of the financing will be used to advance the Company’s exploration efforts in British Columbia and for general working capital.

About Braveheart Resources Inc.

Braveheart is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold). Braveheart's shares are listed for trading on the TSX Venture Exchange under the symbol BHT.V. Braveheart (formerly Rainbow Resources Inc) consolidated its shares in November, 2014 on a 1 for 10 basis (see press release November 26, 2014) and has approximately 5,004,705 common shares issued and outstanding.

Qualified Person

Braveheart’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 Braveheart who serves as a qualified person under the definition of National Instrument 43-101.

Contact
Braveheart Resources Inc
David W. Johnston
President
403-701-2781
davidjohnston@shaw.ca

Website: www.braveheartresourcesinc.com (currently under construction)

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 assumptionsthat, 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.

Rainbow Resources Inc. Announces Name Change to Braveheart Resources Inc. and Share Consolidation

Toronto, Ontario - Rainbow Resources Inc. (TSXV: RBW) ("Rainbow" or, the "Company") is pleased to advise that it has completed its previously announced name change and consolidation.

The Company's name has been changed from "Rainbow Resources Inc." to "Braveheart Resources Inc." (the "Name Change"). The articles of the Company were also amended to consolidate the issued and outstanding common shares of the Company (the "Common Shares") on the basis of one (1) post-consolidation Common Share for every ten (10) pre-consolidation Common Shares (the "Consolidation"), resulting in approximately 5,004,705 Common Shares in the capital of the Corporation issued and outstanding. The Name Change and Consolidation were approved by the shareholders of the Company at an annual and special meeting of shareholders held on November 12, 2014.

The Common Shares will commence trading on the TSX Venture Exchange on a consolidated basis and under its new name at the opening of trading on Thursday, November 27, 2014 under the new symbol "BHT".

Letters of transmittal are being mailed to shareholders of the Corporation to be utilized to exchange their Common Shares for new Common Shares on a post-Name Change and post-Consolidation basis.

About Braveheart Resources:

Braveheart is a Canadian based junior exploration company focused on building shareholder value through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver and gold).

Contact:

Braveheart Resources Inc.
David W. Johnston
President
(403) 701-2781
davidwjohnston@shaw.ca

Website: www.braveheartresourcesinc.com (currently under construction)

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 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.

Rainbow to Mine Bulk Sample on Referendum Property

Toronto, Ontario - Rainbow Resources Inc. (TSXV: RBW) ("Rainbow" or the "Company") is pleased to announce that it has received a Notice of Work (NOW) permit from the British Columbia Ministry of Energy and Mines to extract a bulk sample of gold ore at its Referendum Property.

Background - The Referendum Property is located about 10 km southwest of Nelson, BC. Access is via Highway 3 from Nelson, then onto Blewett Road. The claim block covers an area of approximately 1,300 hectares.

Geology - The Referendum Property consists of multiple generations of quartz veins cutting a schist host rock. The primary orientation of the veins is striking 80 to 85 degrees with a nearly vertical dip. The host rock in the area is an andesite of the Lower Jurassic Rossland Group. Vein exposures at Referendum indicate the presence of an en echelon shear filling mineralized zone. Numerous trenches expose vertical banded quartz veins up to 2m in width and over 400m extent East to West. Visible gold is present in dark banded quartz veins. One of the apparent associations to note is the presence and abundance of tourmaline veining within the quartz, which is believed to influence the gold grades which occur as coarse free gold within the veins.

Technical Information - Artisanal mining has been carried out on the property over decades evidenced by a shaft and rock stockpiles in its vicinity. Previous sampling by Rainbow personnel have yielded results with analyses as high as 78 g/t Au.

Based upon the success of previous field mapping and sampling programs Rainbow has decided to mine a nominal 1,000 tonne bulk sample from an identified high grade zone and process the gold contained. A grab sample from this zone collected on June 16, 2014 returned an assay of 14.3 g/t gold.

The bulk sample material will come from an area approximately 50m long by 5m wide and up to 3m deep. The bedrock is composed of sheared and heavily weathered quartz veins and stringers that can be easily excavated without any need for drilling and blasting. The sample will be mined by a backhoe excavator, loaded into on-highway haul trucks and transported for processing at an aggregate facility close to Nelson. The majority of the gold is expected to be recovered using gravity separation with no chemical treatment involved. Reject material from the processing will be incorporated into some of the aggregates produced by the facility.

Proceeds from the operation will be used to fund further exploration activities on the Nelson properties, including but not limited to diamond drilling and further bulk sampling.

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.

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

Visit our website at www.RainbowResourcesRBW.com

About Rainbow Resources: Rainbow is a Canadian based junior exploration company focused on building shareholder wealth through aggressive exploration in a favourable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver, gold and flake graphite). 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 currently has 50,047,052 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.

Rainbow Resources Inc. Proposes Name Change and Share Consolidation

Toronto, Ontario - Rainbow Resources Inc. (TSXV: RBW) ("Rainbow" or, the "Company") announces that as part of the agenda for its upcoming annual and special shareholder meeting to be held on November 12, 2014 (the "Meeting"), the Company is proposing a name change and a consolidation of its issued and outstanding common shares.

The Company is proposing to change its name from Rainbow Resources Inc. to Braveheart Resources Inc. The consolidation of Rainbow's issued and outstanding common shares will be implemented on the basis of up to one (1) post-consolidation share for ten (10) pre-consolidation shares.

The name change and consolidation are subject to TSX Venture Exchange as well as shareholder approval and will be considered by shareholders at the Meeting.

As of October 3, 2014 the Company had 50,047,052 common shares issued and outstanding. If approved and implemented, the consolidation will occur simultaneously for all of the Company's common shares and will affect all shareholders uniformly. Management expects that the ratio for the consolidation will be fixed and the consolidation implemented as soon as practical following the meeting. Assuming the proposed consolidation occurs at a ratio of 1:10, the Company's outstanding shares will be reduced to approximately 5,004,705 Common Shares. The consolidation will not affect any shareholder's percentage ownership interest in the Company, except to the extent that the consolidation would otherwise result in any shareholder owning a fractional share. No fractional shares will be issued, but instead if the Consolidation would otherwise result in a shareholder holding a fraction of a share, such fractional share, if less than one-half, shall be rounded down to zero and, if equal to or greater than one-half, shall be rounded up to one and added to the number of shares which the shareholder is entitled to receive.

The proposed consolidation and name change are all detailed in the Information Circular that will be made available electronically to all shareholders in connection with the Meeting at www.sedar.com and on the Company's website at www.RainbowResourcesRBW.com.

About Rainbow Resources:

Rainbow is a Canadian based junior exploration company focused on building shareholder value through aggressive exploration in a favorable and proven mining jurisdiction - the West Kootenays in southeast British Columbia (silver, gold and flake graphite). Rainbow's shares are listed on the TSX Venture Exchange under the symbol TSXV: RBW and on the OTC under the symbol RIINF.

Contact:

Rainbow Resources Inc.
David W. Johnston
President
(403) 701-2781
info@rainbowresourcesrbw.com

Website: www.RainbowResourcesRBW.com

Rainbow on Video: http://www.rainbowresourcesrbw.com/video/

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 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.

Rainbow Resources Announces Non-Brokered Private Placement of up to $500,000

Toronto, Ontario - Rainbow Resources Inc. (TSXV: RBW) (OTC: RIINF) ("Rainbow" or the "Company") announces that, subject to TSX Venture Exchange (TSX-V) approval, it is conducting a non-brokered private placement of up to 16,666,667 Units at $0.03 per Unit for gross proceeds of up to $500,000.

Each Unit consists of one (1) common share and one (1) non transferable common share purchase warrant, with each warrant exercisable into one (1) common share of the Company at an exercise price of $0.10, exercisable for a period of 18 months from the date of issuance.

The proceeds of private placement will be used to maintain and preserve Rainbow's existing operations, activities and assets as follows:

  •  Reduce accounts payable$75,000 
  •  Operating overheads for 12 months$75,000 
  •  Bulk sampling program at BC property$300,000 
  •  Commission and other financing costs$50,000 

Included in the 12 month operating amount above are payments totalling $30,000 ($2,500 per month), which will be paid to the President of the Company, as well as any additional out-of-pocket expenses.

In addition to any other exemption available to the Company, participation in the financing is also open to existing shareholders who are not accredited investors under the "existing shareholder" exemption of National Instrument 45-106 as promulgated in Multilateral CSA notice 45-313 in participating jurisdictions. The Company's objective is to close the private placement as soon as possible, so to the extent it is oversubscribed, subscriptions will be accepted on a first received basis.

Finder fees may be payable on a portion of the financing according to the policies of the TSX-V.

About Rainbow Resources:

Rainbow is a Canadian based junior exploration company focused on building shareholder value 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 on the TSX Venture Exchange under the symbol TSXV: RBW and on the OTC under the symbol RIINF.

Contact:

Rainbow Resources Inc.
David W. Johnston
President
(403) 701-2781
info@rainbowresourcesrbw.com

Website: www.RainbowResourcesRBW.com
Rainbow on Video: http://www.rainbowresourcesrbw.com/video/

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.

Rainbow Announces Partnership with Appleton Consulting Inc.

Calgary, March 1, 2014 - Rainbow Resources Inc. (“Rainbow” or “the Company) is pleased to announce that it has entered into a strategic partnership agreement with Kabul-based Appleton Consulting Inc. (“Appleton”) to pursue mining opportunities in North America and Central Asia.

Rainbow’s President, David W. Johnston states "Afghanistan has a vast potential for developing its mineral extraction sector, which will be an engine of self-sustaining economic growth in the near future. The decision to partner with Appleton allows Rainbow to better examine these opportunities in a detailed manner previously not possible for us.  We are very interested in this market and the overall Central Asian region, with an estimated US$1 to 3 trillion of mineral potential in Afghanistan alone. We believe that the approach taken in North America by Rainbow (i.e. identifying smaller, well placed deposits accompanied with total community engagement, is well aligned to the Appleton approach over there".  

"Our company is very pleased to partner with Rainbow", says Stephen Appleton, Founder and President of Appleton. Not only is this a great step forward with respect to implementing a new strategy towards the mining sector in Afghanistan, but Rainbow also benefits from a desire for selected businessmen and companies from the Central Asian region to invest in the activities being undertaken by the Rainbow leadership in North America. In every aspect, this partnering agreement is one of reciprocation."

Appleton went on to add that thus far the approach to the mining sector in Afghanistan has been to award huge concessions to large international mining firms, which requires significant capital; this has not stimulated the economy in the way it had been intended. Appleton believes that a direct approach leveraging both local knowledge and western sophistication with small deposits well situated in terms of existing infrastructure is a much more effective way to advance the mining sector. Rainbow uses this same approach in North America.  

Rainbow possesses a unique expertise in the mining sector, with a strong focus on gold and silver. Its Management team has participated in major projects both in North America and internationally over the last 30 years.

ABOUT RAINBOW RESOURCES

Rainbow Resources Inc. is a Canadian based junior exploration company focused on building shareholder wealth through focused 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, and on the OTC under the symbol RIINF.

ABOUT APPLETON

Appleton Consulting Inc. (ACI) is an international business consulting company that focuses on enabling unique business solutions for emerging and developing market sectors. Getting its start in Afghanistan in 2007, Appleton has enabled $410M USD worth of projects with its clients and partners. Appleton has a wide range of services for its local and international clients including project management, design services, and strategic partnership development. It was recently awarded a 300km railway design project from the Asian Development Bank in partnership with CANARAIL from Montreal PQ; Appleton is active in housing development, construction, transportation, and agribusiness with such international firms as Ellis Don International, Tetra Tech, International Home Finance and Development LLC, the Japanese International Cooperation Agency, Agriteam Canada, and Tata Consulting Engineers from India.   

Stephen Brent Appleton, MSM, CD, PEng, MBA, MSS

Founder and President

Appleton Consulting Incorporated ( ACI)

Calgary, Alberta, Canada

www.appletonconsulting.ca

Office: 1-403-477-7329

Rainbow Resources Completes Financing and Arranges Debt Settlement

Rainbow Resources Completes Financing and Arranges Debt Settlement

Toronto, Ontario--(Newsfile Corp. - January 27, 2014) - Rainbow Resources Inc. (TSXV: RBW) (OTC: RIINF) ('Rainbow' or 'the Company') is pleased to announce that it has completed a non-brokered private placement financing consisting of 500,000 units at $0.05 per unit and an additional 450,000 flow-through units at $0.05 per unit for gross proceeds of $47,500. The units are comprised of one common share and one-half of one common share purchase warrant and the flow-through units are comprised of one common share and one common share purchase warrant. Each whole warrant entitles its holder to acquire one additional common share of Rainbow at a price of $0.10 for 18 months.

The gross proceeds from the sale of the flow-through units will be used for continued exploration at the Company's gold-silver-lead properties in southeastern British Colombia. The net proceeds from the sale of the units will be used for exploration of the Company's Nevada properties and potential expansion of the overall land packages, and for general corporate purposes.

All shares issued in connection with the offering will be subject to a hold period of four months and a day. The offering is subject to final approval of the TSX Venture Exchange.

The Company also wishes to announce that, pursuant to a series of debt settlement agreements, it proposes to issue 952,000 common shares to settle an aggregate of $87,729.12 in outstanding debt (the "Debt Settlement"). Any shares issued in connection with the Debt Settlement will be subject to a hold period of four months and a day. The completion of the Debt Settlement remains subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

About Rainbow Resources:

Rainbow is a Canadian based junior exploration company focused on building shareholder value through aggressive exploration in two favourable 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 on the TSX Venture Exchange under the symbol TSX-V:RBW and on the OTC International under the symbol RIINF.

Contact:

Rainbow Resources Inc.
David W. Johnston
President
(403) 701-2781
info@rainbowresourcesrbw.com

Website: www.RainbowResourcesRBW.com
Latest Video: http://www.rainbowresourcesrbw.com/video/

Follow Rainbow:

Twitter: https://twitter.com/RainbowResource
Facebook: https://www.facebook.com/RainbowResources

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.