Rainbow Resources Inc. has intersected high-grade silver and gold mineralization near-surface in the southern section of the company's 100% owned Gold Viking Property near the Village of Slocan in southeast British Columbia. The property had never been previously drilled and is immediately adjacent to the Ottawa Mines. Drill hole GV-12-04 intersected 17.3 g/t Au (0.51 oz/ton) and preliminary silver value of 65.6 g/t (1.9 oz/ton) over 1.9 meters between a depth of 4.7 and 6.6 meters.

One sample in the interval returned an over-limit silver grade (>100 g/t). A 1:1:1 aqua regia digestion and ICP-ES analysis by Acme Analytical Laboratories Ltd. will provide a precise silver grade as the initial assaying procedure could not determine silver values above 100 g/t. Hole GV-12-04 also included a 1.2-metre intersection between a depth of 29.2 and 30.4 meters (>100 g/t Ag and 1.1 g/t Au) that is being re-assayed for a precise silver grade. Hole GV-12-03 returned 2.4 g/t Au and a preliminary value of 34.1 g/t Ag over 2.7 meters at a depth between 25.9 and 28.6 meters.

Again, this interval included an over- limit sample (>100 g/t Ag) that is being re-assayed. Results from GV-12-01 and GV-12-02 were reported by Rainbow December 4, 2012. A 4.6-metre section in GR-12-02 included two over-limit silver samples (>100 g/t) with a preliminary grade of 45 g/t Ag, and re-assaying results are still pending.

Two other holes were drilled at Gold Viking South (GV-12-05 and GV-12-6) while six holes were drilled approximately 1,000 meters to the north.