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A Private Company Incorporated In Alberta

                                                   News Release

RAINIER RESOURCES LTD. ANNOUNCES SALMAN PARTNERS INC. WILL ACT AS AGENT TO RAISE
PRIVATE EQUITY TO DRILL CARDIUM WELLS

Calgary, Alberta-June 27, 2012- Rainier Resources Ltd. (Rainier or The Company) is pleased to announce
it has entered into an engagement letter with Salman Partners Inc. to sell on behalf of Rainier, on a
commercially reasonable effort basis, up to 20 Million dollars of securities in a private placement.

The securities to be offered consists of up to 20,000,000 units(“the Units”)pricedat $1.00,consisting of
one common share(a “Common Share”) and one half non-transferable common share purchase
warrant(a “Warrant”). The warrantis exercisable by the holder thereof to purchase an additional
Common Share at an exercise price of $1.50 (the “Exercise Price”) for a period of eighteen months.

The Offering will have an over-allotment option (the "Overallotment Option") which will allow Salman
Partners Inc.to offer up to an additional $4,000,000 Units at a $1.00 per Unit, to be exercisable in whole
or in part at any time until to the Closing Date of July 31,2012.

The net proceeds from the Offering will be allocated to fund exploration and development activity in the
Companies’ focused area.

Salman Partners Inc. is an independent, research-driven investment dealer serving institutional,
corporate, and individual clients since 1994. Salman Partners' highly skilled and experienced


                     510, 717-7th Avenue S.W., Calgary, AB T2P0Z3 Phone 403 457-5966 Fax 403 457-5964
investment banking professionals offer a long-term commitment to providing investment
banking coverage, by way of institutional research, corporate finance ideas and institutional
sales and trading.

Rainier Resources Ltd. is a juniorexploration and development oil and gas company focused on
oil exploration activities inAlberta and Saskatchewan.The Company is actively seeking further
opportunities.

Forward Looking Statements: This news release contains forward looking statements based on
management's current expectations. The reader is cautioned that assumptions used in the preparation
of such information, although considered reasonable by Rainierat the time of preparation, may prove to
be incorrect. The forward looking statements contained in this news release are made as at the date of
this news release and, Rainier does not undertake any obligation to update publicly or otherwise any
such statements, except as required by applicable laws.

For further information, please contact:

Dave Barlass           work: 403 457- 5966
President & CEO         cell: 403 461- 4570
david.barlass@rainierresources.com


Glenda Kelly            work: 403 457-5966
VP Business Development cell: 403 830-1436
glenda.kelly@rainierresources.com




                     510, 717-7th Avenue S.W., Calgary, AB T2P0Z3 Phone 403 457-5966 Fax 403 457-5964

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Rainier Resources Raises $20M for Cardium Wells

  • 1. A Private Company Incorporated In Alberta News Release RAINIER RESOURCES LTD. ANNOUNCES SALMAN PARTNERS INC. WILL ACT AS AGENT TO RAISE PRIVATE EQUITY TO DRILL CARDIUM WELLS Calgary, Alberta-June 27, 2012- Rainier Resources Ltd. (Rainier or The Company) is pleased to announce it has entered into an engagement letter with Salman Partners Inc. to sell on behalf of Rainier, on a commercially reasonable effort basis, up to 20 Million dollars of securities in a private placement. The securities to be offered consists of up to 20,000,000 units(“the Units”)pricedat $1.00,consisting of one common share(a “Common Share”) and one half non-transferable common share purchase warrant(a “Warrant”). The warrantis exercisable by the holder thereof to purchase an additional Common Share at an exercise price of $1.50 (the “Exercise Price”) for a period of eighteen months. The Offering will have an over-allotment option (the "Overallotment Option") which will allow Salman Partners Inc.to offer up to an additional $4,000,000 Units at a $1.00 per Unit, to be exercisable in whole or in part at any time until to the Closing Date of July 31,2012. The net proceeds from the Offering will be allocated to fund exploration and development activity in the Companies’ focused area. Salman Partners Inc. is an independent, research-driven investment dealer serving institutional, corporate, and individual clients since 1994. Salman Partners' highly skilled and experienced 510, 717-7th Avenue S.W., Calgary, AB T2P0Z3 Phone 403 457-5966 Fax 403 457-5964
  • 2. investment banking professionals offer a long-term commitment to providing investment banking coverage, by way of institutional research, corporate finance ideas and institutional sales and trading. Rainier Resources Ltd. is a juniorexploration and development oil and gas company focused on oil exploration activities inAlberta and Saskatchewan.The Company is actively seeking further opportunities. Forward Looking Statements: This news release contains forward looking statements based on management's current expectations. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by Rainierat the time of preparation, may prove to be incorrect. The forward looking statements contained in this news release are made as at the date of this news release and, Rainier does not undertake any obligation to update publicly or otherwise any such statements, except as required by applicable laws. For further information, please contact: Dave Barlass work: 403 457- 5966 President & CEO cell: 403 461- 4570 david.barlass@rainierresources.com Glenda Kelly work: 403 457-5966 VP Business Development cell: 403 830-1436 glenda.kelly@rainierresources.com 510, 717-7th Avenue S.W., Calgary, AB T2P0Z3 Phone 403 457-5966 Fax 403 457-5964