2012 News Releases

TORONTO, Ont. June 8, 2012 – Rainy River Resources Ltd. (“Rainy River” or the “Company” (RR.TSX)) and Northern Superior Resources Inc. (TSX VENTURE: SUP) ("Northern Superior") (together, the "Companies") announce assay results from the 2012 winter diamond drill program. The TPK Joint Venture project is located 190 km northeast of Pickle Lake in Northern Ontario (see Map 1) and is associated with one of the largest gold grain dispersal trains in North America. The diamond drilling is being conducted with the cooperation of Neskantaga First Nation ("Neskantaga").

HIGHLIGHTS

  • TPK-12-030 returns 59.60 g/t gold, 92.3 g/t silver and 3.19% copper over 0.5 m from 225.0 – 225.5 metres.
  • TPK-12-034 intersects 16.15 g/t gold over 1.5 metres from 66.3 to 67.8 metres.
  • TPK-12-040 returns 7.85 g/t gold over 0.8 metres from 50.2 to 51.0 metres.
  • TPK-12-043 returns 8.85 g/t gold over 1.0 metre from 242.0 to 243.0 metres

Target 2

Target 2 (see Map 2) covers a broad area and is defined by strong gold-in-till anomalies from Reverse Circulation (RC) drilling, a significant concentration of gold bearing boulders, and several Induced Polarization (IP) / Resistivity geophysical anomalies. The Target 2 Anomaly outlines a dispersion train of at least 3 kilometres, trending in a NE – SW direction. The anomaly is also associated with anomalous arsenic and zinc, and overlies a broad, shear- fractured leucogranite of the "contact stock". The leucogranite contains both spessartine garnet and fluorite alteration. The winter diamond drill program was designed to test the entire Target 2 anomaly. However, a key portion of the anomaly lies under Crying Boy Lake and was inaccessible due to mild winter conditions, and remains untested. As a result of the weather conditions, all 33 holes targeted the on-land western portion of Target 2.

All 33 drill holes encountered variably mineralized and altered quartz-sericite shears in leucogranite containing disseminated pyrite, pyrrhotite, arsenopyrite and anomalous gold mineralization. Two holes, TPK-12-043 and TPK-12-052 contained sub-millimetre scale specks of visible gold associated with shearing. Shear thicknesses are variable, ranging from 0.1 metres to greater than 40 metres. The results from the drill program explain the anomaly associated with the western half of Target 2.

Target 1

Three holes were drilled in the Target 1 area (see Map 3) to the northeast of Target 2, and northeast of Crying Boy Lake. Target 1 is defined by strong RC drilling anomalies and strong chargeability anomalies. Each hole intersected variably mineralized shear zones in quartz monzonite. One millimetre-size speck of visible gold was observed in drill hole TPK-12-056. Shearing is coincident with the anomalies, and similar to those intersected in Target 2.

COMMENTARY

Raymond Threlkeld, President and CEO of Rainy River Resources Ltd., commented: “The recent drilling confirms some of the high grade nature and potential of the TPK project. We will be reviewing the results of the last two years of exploration at the TPK project to determine the best path forward.”

Thomas Morris, President and CEO of Northern Superior Resources Inc., commented: “This latest drill program has provided invaluable geological information that will assist in directing future drill programs. Northern Superior remains confident in future discoveries as targets are drilled.”

Qualified persons

Rainy River is the operator of the TPK Joint Venture. The exploration program is being supervised by Kerry Sparkes, P.Geo., Vice-President Exploration, a Qualified Person as defined by National Instrument 43-101. Mr. Sparkes, P.Geo., is also the person responsible for the content of this news release. The Company has a rigorous QA/QC program in place to ensure best practices in sampling and analysis of drill core. All drill core is marked for sampling and then split in half with a diamond saw blade. Samples are placed in sealed bags with security tags. All samples were assayed using a standard fire assay, 30 gram nominal sample weight with an AA finish. Over-limit samples were re-assayed with a gravimetric finish. Samples with visible gold were automatically analyzed for Ore Grade by 1000g screen fire assay, with coarse and fine fractions being combined proportionately and the fine fraction being assayed twice. Standards, blanks and duplicates are inserted every 25 metres. ALS Canada Ltd. performed primary assaying, with duplicates being analyzed at Activation Laboratories Ltd. ALS Canada Ltd. and Activation Laboratories Ltd. implements independent QA/QC protocols that include the insertion of certified blanks and standards as part of their routine analysis.

About Rainy River Resources Ltd.

Rainy River Resources Ltd. is a Canadian precious metals exploration company whose key asset is the Rainy River Gold Project, a large gold system centred in Richardson Township (part of Chapple Township). As of March 31, 2012, the Company had approximately $100 million in cash and cash equivalents, and is well funded for its 2012 plans to 1) commence a feasibility level study on the RRGP; 2) continue growing the existing resource through exploration; 3) conduct a condemnation program in areas identified for potential mine facilities; and 4) continue regional exploration. RRGP is very well located in the southwestern corner of northern Ontario, near the U.S. border. It is accessed by a network of roads and is close to hydro-electric infrastructure. The Rainy River district has a skilled labour force and is one of the lowest-cost areas for mineral exploration and development in Canada. The Company is working to advance the early-stage discoveries at its TPK Joint Venture Property, also in Ontario, where it can earn a 51% interest in the property from Northern Superior Resources Inc. Ontario has low political risk and, according to the annual Fraser Institute global survey of the mining industry, has consistently ranked as one of the top jurisdictions embracing mineral development.

About Northern Superior Resources Inc.

Northern Superior is a junior exploration company focused on exploring for gold in the Superior Province of the Canadian Shield. The Company is currently focused on advancing its Croteau Est gold property in Quebec. The Company has a number of 100% owned properties (see Company web site, www.nsuperior.com) within these districts that were identified and developed from the Company’s extensive geoscientific data base and from which additional gold exploration projects are being generated. The Company is currently seeking to option‐out a number of these properties. Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Quebec, and trades on the TSX Venture Exchange under the symbol SUP.

RAINY RIVER RESOURCES LTD.
Raymond W. Threlkeld
President & CEO

NORTHERN SUPERIOR RESOURCES INC.
Thomas F. Morris
President & CEO

For further information, please contact:

Indi Gopinathan
Director, Investor Relations Rainy River Resources Ltd.
Telephone: 416-645-7289
E-mail: igopinathan@RainyRiverResources.com

Thomas F. Morris
President and CEO
Northern Superior Resources Inc.
Telephone: 705-525‐0992
E‐mail: info@nsuperior.com

The TSX and TSX Venture Exchange do not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Companies expect, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Companies undertake no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Companies at www.sedar.com for further information.

 

Table 1: Summary of Results

HOLE-ID

TPK-12-025

FROM (m)

123.0

TO (m)

124.5

LENGTH (m)

1.5

Au g/t

2.41

Target

2

TPK-12-025

192.0

193.0

1.0

1.52

2

TPK-12-028

189.0

190.5

1.5

1.69

2

TPK-12-030

225.0

225.5

0.5

59.60

2

TPK-12-032

205.0

205.5

0.5

1.86

2

TPK-12-033

132.0

132.7

0.7

1.54

2

TPK-12-034

66.3

67.8

1.5

16.15

2

TPK-12-035

114.8

115.8

1.0

2.14

2

TPK-12-036

147.3

148.0

0.7

3.12

2

TPK-12-037

270.5

271.5

1.0

2.29

2

TPK-12-038

124.5

126.0

1.5

5.34

2

TPK-12-040

50.2

51.0

0.8

7.85

2

TPK-12-041

206.9

208.3

1.4

1.92

2

TPK-12-041

251.0

252.0

1.0

2.04

2

TPK-12-043

116.0

117.0

1.0

1.82

2

TPK-12-043

119.0

120.0

1.0

1.75

2

TPK-12-043

241.0

242.0

1.0

1.17

2

TPK-12-043

242.0

243.0

1.0

8.85

2

TPK-12-045

84.0

85.5

1.5

2.63

2

TPK-12-051

152.3

153.2

0.9

3.09

2

TPK-12-051

153.2

154.3

1.1

1.67

2

TPK-12-052

110.4

111.4

1.0

3.83

2

TPK-12-053

111.0

112.0

1.0

2.79

2

TPK-12-056

128.2

129.2

1.0

1.77

1

TPK-12-056

129.2

130.2

1.0

1.82

1