Rainy Hollow Ventures Inc. Announces Termination of Letter of Intent with Reciprocity Corp.

Vancouver, British Columbia--(Newsfile Corp. - September 4, 2020) - Rainy Hollow Ventures Inc. (TSXV: RHV.P) ("Rainy Hollow" or the "Corporation"), a capital pool company pursuant to TSX Venture Exchange ("TSXV") Policy 2.4 - Capital Pool Companies ("Policy 2.4"), wishes to announce that its letter of intent with Reciprocity Corp. ("Reciprocity") as previously announced on February 27, 2020 (the "LOI") has been mutually terminated pursuant to its term.

The Corporation is continuing to identify and evaluate assets and businesses with a view to completing its "Qualifying Transaction" (as such term is defined in TSXV Policy 2.4).

The Corporation's common shares are listed on the TSXV under the symbol "RHV.P". Trading in the common shares of the Corporation has been halted since February 26, 2020. Trading will remain halted until, among other things, the Corporation completes a "Qualifying Transaction" in accordance with the policies of the TSXV.

For further information, please contact:

Rainy Hollow Ventures Inc.
Michael Atkinson - Chief Executive Officer, Chief Financial Officer, Corporate Secretary, and Director
Phone: (604) 689-1428

Forward-Looking Information

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Certain statements contained in this press release constitute forward-looking information. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. More particularly, this press release contains statements concerning the Corporation identifying and evaluating assets or businesses to complete a Qualifying Transaction. Although the Corporation believes in light of the experience of its directors and officers, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Corporation can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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