ainy River Resources Ltd. Repricing - 10 Feb 2009

Rainy River Resources Ltd. (TSX VENTURE:RR) (the Company) announces
that it has granted options to acquire a total of 1,900,000 common
shares of the Company to directors, officers, employees and consultants
of the Company at the exercise price of $2.00 per share for a period of
5 years.


The Company also announces that it has amended the terms of options
to acquire a total of 575,000 incentive stock options granted to
non-insiders in 2007 and 2008 at exercise prices ranging from $3.00 to
$5.25 per share. The exercise price has been reduced to $2.00 and the
term has been extended by a period of 5 years. The amendments to these
options are subject to regulatory approval.


RAINY RIVER RESOURCES LTD.


Nelson W. Baker, President


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 Company expects, 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 Company undertakes 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 Company at www.sedar.com for further information.