Rain City (RAIN) Completes Final Closing of Private Placement

Vancouver, British Columbia--(Newsfile Corp. - April 4, 2025) - Rain City Resources Inc. (CSE: RAIN) (the "Company" or "Rain") is pleased to announce that, further to its news release of February 24, 2025 wherein the Company announced plans to raise up to $500,000 by way of issuance of 6,666,667 common shares, it has closed the final tranche of its non-brokered private placement for gross proceeds of $148,750.05 through the issuance of 1,983,334 common shares at a price of $0.075 per share. All shares issued are subject to a four-month hold period expiring August 4, 2025.

As previously disclosed, US$200,000 in proceeds from this financing have been used to mobilize and fund the operational expenses at the pilot plant located in Pennsylvania (the "Pilot"), as announced on February 12, 2025. The remaining proceeds will be used for general working capital purposes, including third-party analysis of results and reporting to be commissioned by the Company stemming from the Pilot along with advancing Rain's ongoing project discussions in Chile and Argentina.

The Company paid cash of $10,412.50, or 7%, as a finder's fee with respect to proceeds raised in the final tranche of the private placement. No insiders participated in this private placement.

In total the Company raised gross proceeds of $454,450.05 from its anticipated financing of up to $500,000 and issued a total of 6,059,334 common shares.

The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. "United States" and "U.S. person" have the respective meanings assigned in Regulation S under the U.S Securities Act.

About Us
Rain City is an integrated lithium technology and project development company committed to solving the environmental, social, and economic issues associated with extracting lithium from brine.

FOR FURTHER INFORMATION CONTACT:

Benjamin Hill 
Chief Executive Officer

David Shaw
Chairperson

Cautionary Statement Regarding Forward-Looking Information

This news release may include certain "forward-looking statements" under applicable Canadian securities legislation. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. There can be no assurance that proposed operations will be successful or that the anticipated financial, economic or strategic benefits will be realized.

Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247420