Feb 14, 2013 - Rainbow Continues To Advance Jewel Ridge Gold-Silver Project

TORONTO, ONTARIO, February 14, 2013:  Rainbow Resources Inc. (TSX VENTURE: RBW, OTCQX: RIINF) ("Rainbow" or the "Company") is pleased to provide assay results from recent sampling and historical drilling at its Jewel Ridge Gold-Silver Project along the prolific Battle Mountain Trend in Nevada.  These highly encouraging results, combined with data released earlier this month from a 6-hole RC drill program completed by Rainbow last November, underscore the strong potential of Jewel Ridge to host a significant gold system with important silver values over a north-south trend of several kilometres.  

Highlights:

-The most significant grab samples collected up to 2.5 kilometres north of discovery hole JR-12-04 at the recently drilled Hamburg Pit returned 4.8 g/t Au and 384 g/t Ag - exceptionally high grades for this area;

-Rainbow continues to collect historical drill data which includes, among other high-grade results, 4.0 g/t Au from surface to 18.2 metres on the recently acquired Croesus claims, 1500 metres north of the Hamburg Pit and JR-12-04;

-Rainbow has officially completed the Croesus transaction and now holds a 100% interest in the former Croesus mine and adjoining claims (40 hectares), separate from the Rainbow-Greencastle Resources Ltd. (TSX.V: VGN) option agreement.   

Jim Decker, Rainbow's Vice-President Operations & Technical Services, commented:  "Our prospecting, drilling and compilation of historical data continue to accelerate this exciting project.  We recognize the strategic importance of the Croesus claims and we continue to make excellent progress in preparing a conceptual first-ever geological model for Jewel Ridge."

Details - Sampling Results

Grab samples collected from along the Dunderberg/Hamburg contact over a north-south distance of 2.5 kilometres commonly showed intense silicification and exhibited local margins of silicified hydrothermal breccia textures, classic gold host conditions for this part of Nevada.  Pervasive oxidation was most notable along strike length.  A total of 17 samples were collected.  The most significant results were as follows:  

 ----------------------------
 |Sample #|Au (g/t)|Ag (g/t)|
 |--------------------------|
 |5964    |4.8     |159.0   |
 |--------------------------|
 |4382    |4.4     |85.3    |
 |--------------------------|
 |4378    |3.2     |24.7    |
 |--------------------------|
 |4380    |2.5     |8.9     |
 |--------------------------|
 |4383    |1.9     |384.0   |
 |--------------------------|
 |4385    |1.5     |190.0   |
 |--------------------------|
 |4379    |1.4     |12.9    |
 ----------------------------

Ten additional samples returned gold values ranging from trace to 0.28 g/t, and silver values ranging from 0.5 g/t to 4.1 g/t.  Rainbow cautions that the grab samples taken at Jewel Ridge may not be representative of mineralization on the property.

Details - Historical Drill Results

The area north and northeast of discovery hole JR-12-04 drilled by Rainbow and reported February 4, 2013, is highly prospective for additional discoveries given the sampling results above, historical drill data obtained by Rainbow and favorable geology.  Below are selected historical gold drill results that Rainbow will be following up on as exploration continues at Jewel Ridge (the first three results are from the Croesus claims).  Most holes were drilled by Homestake Mining in the 1980's and 1990's:

 ------------------------------------------------
 |Drill Hole|From (m)|To (m)|Length (m)|Au (g/t)|
 |----------------------------------------------|
 |N85-36    |0.0     |18.2  |18.2      |4.0     |
 |----------------------------------------------|
 |N85-31    |15.2    |22.7  |7.5       |3.7     |
 |----------------------------------------------|
 |N84-23    |42.4    |54.5  |12.1      |2.9     |
 |----------------------------------------------|
 |N84-14    |30.3    |36.4  |6.1       |3.5     |
 |----------------------------------------------|
 |HRH-1521  |187.5   |209.3 |21.8      |1.0     |
 |----------------------------------------------|
 |HRH-1465  |121.2   |131.8 |10.6      |4.0     |
 |----------------------------------------------|
 |HRH-834   |22.7    |33.3  |10.6      |4.4     |
 |----------------------------------------------|
 |HRH-833   |93.9    |112.9 |18.1      |3.4     |
 |----------------------------------------------|
 |HRH-831   |24.2    |36.4  |12.2      |4.0     |
 |----------------------------------------------|
 |PL7-15    |4.5     |10.6  |6.1       |4.9     |
 ------------------------------------------------

Rainbow cautions that the drill results reported above are historical in nature and may not be compliant with NI-43-101 standards.  The company has not independently verified these results.  A map showing the locations of these historical holes, along with the locations of the sampling results, is available on the Rainbow web site 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.

Quality/Assurance Control And Assaying Procedures 

Moose Mountain Technical Services 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. Blank samples are also certified blank material. Jewel Ridge rock samples referred to in this news release were assayed by ALS Chemex 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. Analysis for Au was conducted by fire assay and ICP analysis of a 30g pulp. Multi-element analysis was conducted by 4 acid digestion and ICP analysis of a 0.25g pulp.

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

Visit our website at www.RainbowResourcesInc.com.

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 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.