News Releases

April 19, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) announces that  it has increased the size of the non-brokered private placement previously announced in its April 9, 2024 news release from US$750,000 to US$1,000,000 through the issuance of up to 10,526,316 units (each a “Unit”) at a price of US$0. 0.095 per Unit (~CDN$0.128 per Unit), with each Unit comprising one share of common stock (a “Share”) and one-half of one share purchase warrant (the “Private Placement”). Each whole warrant (a “Warrant”) entitles the holder to acquire one Share at an exercise price of US$0.158 for a period of three years from the date of issuance.

Rise Gold will use the proceeds from the Private Placement for general working capital. All securities issued pursuant to the Offering will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.

Certain directors and/or officers of the Company, directly, through entities controlled by them, or through entities for which they exercise control or direction over investment decisions, may participate in the Private Placement. The participation of each of such insiders in the Private Placement would constitute a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”).  The Company will be relying on exemptions from the formal valuation requirements of section 5.4 of MI 61-101 and minority shareholder approval requirements of section 5.6 of MI 61-101. As the fair market value of the related party’s participation is not more than 25% of the Company’s market capitalization, the related party transactions are exempt from the formal valuation requirements pursuant to subsection 5.5(a) of MI 61-101 and from the minority approval requirements pursuant to subsection 5.7(1)(a) of MI 61-101. It is anticipated that some or all of the funds received from certain directors will be used to pay accrued and unpaid debt owed by the Corporation to the respective director, such debts totalling, in aggregate, approximately US$100,000.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Joseph Mullin
President and CEO
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 600, 345 Crown Point Circle
Grass Valley, CA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

April 9, 2024 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) announces that it has increased the size of the non-brokered private placement previously announced in its April 3, 2024 news release from US$500,000 up to US$750,000 through the issuance of up to 7,894,736 units (each a “Unit”) at a price of US$0.095 per Unit (~CDN$0.128 per Unit), with each Unit comprising one share of common stock (a “Share”) and one-half of one share purchase warrant (the “Private Placement”). Each whole warrant (a “Warrant”) entitles the holder to acquire one Share at an exercise price of US$0.158 (~CDN$0.21) for a period of three years from the date of issuance. The Company further announces it has completed the first tranche of the non-brokered private placement.

In this first tranche, the Company raised a total of US$545,902 through the sale of 5,746,341 units. Warrants issued may be exercised until April 9, 2027. The Company has paid finders fees in accordance with CSE policies of US$885 and issued a total of 9,000 finder’s warrants, where each finder’s warrant entitles the holder to acquire one Share at a price of US$0.158 until April 9, 2026.

A director and an officer of Rise Gold, directly, or through entities for which they exercise control or direction over investment decisions, purchased an aggregate of 2,910,527 Units for gross proceeds of US$276,500. The participation of this director and this officer in the Private Placement constitutes “related party transactions” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Rise Gold is relying on exemptions from the formal valuation requirements of section 5.4 of MI 61-101 and minority shareholder approval requirements of section 5.6 of MI 61-101. As the fair market value of the related party’s participation is not more than 25% of Rise Gold’s market capitalization, the related party transactions are exempt from the formal valuation requirements pursuant to subsection 5.5(a) of MI 61-101 and from the minority approval requirements pursuant to subsection 5.7(1)(a) of MI 61-101. A material change report, as contemplated by the related party transaction requirements under MI 61-101, was not filed more than 21 days prior to closing as the extent of related party participation in the Private Placement was not known until shortly prior to the closing.

All securities issued pursuant to the Private Placement are subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. Under Canadian securities laws the securities are subject to a hold period expiring on August 10, 2024. Rise Gold will use the proceeds from the Private Placement for general working capital, debt repayment, and settlement of related party fees.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Joseph Mullin
President and CEO
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 600, 345 Crown Point Circle
Grass Valley, CA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-
looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

April 3, 2024 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) announces that it intends to raise up to US$500,000 through the issuance of up to 5,263,158 units (each a “Unit”) at a price of US$0.095 per Unit (~CDN$0.128 per Unit), with each Unit comprising one share of common stock (a “Share”) and one-half of one share purchase warrant (the “Private Placement”). Each whole warrant (a “Warrant”) entitles the holder to acquire one Share at an exercise price of US$0.158 (~CDN$0.21) for a period of three (3) years from the date of issuance. The Company may pay finder’s fees to eligible persons in accordance with applicable securities laws and regulatory policies.

Rise Gold will use the proceeds from the Private Placement for general working capital. All securities issued pursuant to the Offering will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.

Certain directors and/or officers of the Company, directly, through entities controlled by them, or through entities for which they exercise control or direction over investment decisions, may participate in the Private Placement. The participation of each of such insiders in the Private Placement would constitute a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company will be relying on exemptions from the formal valuation requirements of section 5.4 of MI 61-101 and minority shareholder approval requirements of section 5.6 of MI 61-101. As the fair market value of the related party’s participation is not more than 25% of the Company’s market capitalization, the related party transactions are exempt from the formal valuation requirements pursuant to subsection 5.5(a) of MI 61-101 and from the minority approval requirements pursuant to subsection 5.7(1)(a) of MI 61-101. It is anticipated that some or all of the funds received from certain directors will be used to pay accrued and unpaid debt owed by the Corporation to the respective director, such debts totalling, in aggregate, approximately US$100,000.

The Company anticipates a first closing in early April 2024.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Joseph Mullin
President and CEO
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 215, 333 Crown Point Circle
Grass Valley, CA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.
Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

February 20, 2024 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company” or “Rise”) announces that the Nevada County Board of Supervisors (the “Supervisors”) adopted a resolution (“Resolution”), in a public hearing on Friday, February 16, 2024 (the “Hearing”), denying the Company’s application for a Use Permit to allow the re-opening of the Idaho Maryland Gold Mine and not certifying the Final Environmental Impact Report (the “FEIR”).

The Supervisors cited undefined mining disasters, impacts to water wells, noise, vibrations, and other concerns as reasons for the denial. Importantly, these risks were analyzed extensively by the County’s FEIR, which concluded that there would be no significant impacts from them to the County. During the Hearing the Supervisors own consultant, Nick Pappani of Raney Planning and Management, stated “the level of technical analysis and peer review through this process in my professional opinion has been exceptional.”

As previously disclosed by news release, on December 14, 2023, the Supervisors of Nevada County (the “County”) adopted a resolution denying Rise’s petition for confirmation of its vested rights to operate the Idaho-Maryland mine, relying on a County staff report riddled with factual errors to reach a conclusion that inverted the legal principles of vested rights established by the Supreme Court of California

The Company has a wide array of legal options which are being discussed with its litigation attorney, Cooper & Kirk PLCC. Cooper & Kirk has won courtroom victories worth more than USD$10 billion for its clients and hires top graduates from the best law schools in the United States.

Cooper & Kirk has assigned Charles Cooper, Michael Kirk, and Megan Wold to Rise’s matter. Mr. Cooper has argued nine cases before the United States Supreme Court. Mr. Kirk appears regularly in cases brought against the federal government. Current clients include Chevron Corporation, Shell Oil Company, and Texaco; previous clients include Ford Motor Company and Boeing. Ms. Wold served as a law clerk to Justice Samuel A. Alito of the U.S. Supreme Court and frequently represents clients in regulatory disputes with state and federal agencies.

A general outline of legal options under consideration by the Company are as follows;

1) A taking of its mineral estate by County of Nevada under the United States and California Constitutions. The 5th Amendment of the US Constitution requires just compensation be paid when private property is taken for public use. The Supervisors clearly articulated their intention of precluding any possibility of mining the Company’s mineral estate during the Hearing. The Company would seek just compensation for the value of the mineral property along with compound interest from the time of the taking on February 17, 2024.

2) A violation of the Company’s due process rights under the United State Constitution. The 14th Amendment of the US Constitution requires due process of law in the deprivation of property. The Company believes violations of due process occurred in both the Use Permit and Vested Rights process as discussed in the Company’s previous news releases on June 5 and December 14, 2023. The Company would seek financial damages which could include loss of income from future operations at the Idaho-Maryland Mine and litigation costs.

3) A Writ of Mandamus asking the Court to overturn the County of Nevada’s decision on the Company’s Vested Mining Rights. A successful outcome would result in the vested right to mine at the Idaho-Maryland and the project would not be subject to any of the County’s General Plan or Zoning requirements. The County would not have any ability to restrict mining due to domestic water wells impacts, traffic, aesthetics, vibrations, or noise which complies with county code requirements. As stated in the Company new release on December 14, the Company believes it has a strong case for the court to grant these vested rights.

4) If a Writ of Mandamus is pursued and successful, a temporary taking of its vested rights from December 14, 2023 to the date of the courts decision. The Company would seek cash damages equivalent to the estimated income from commercial mining during the time period of the takings along with compound interest.

Rise Gold CEO Joe Mullin commented: “We will be carefully considering the best path to protect our shareholders’ interests. The Company has strong legal grounds, a first-class litigation team, and intends to vigorously defend its property rights. I look forward to further updating our shareholders in due course and appreciate their continued support.”

About the Idaho Maryland Mine

The Mine operated from 1866 to 1956, producing 2.4 million ounces of gold at a mill head grade of 17 grams per tonne. When the War Department ordered all gold mines closed in 1941, the Mine was the second-largest in the United States, producing 120,000 ounces per year, and was in the process of doubling throughput. The Mine and the adjoining Empire Mine closed in 1956 because the Bretton Woods monetary agreement fixed gold at $35 per ounce while inflation pushed costs higher.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Joseph Mullin
President and CEO
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 215, 333 Crown Point Circle
Grass Valley, CA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law

February 6, 2024 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company” or “Rise”) The Company announces it has entered into a credit facility arrangement (the “Arrangement”) with an arm’s length lender (the “Lender”) that also provides services to the Company. Pursuant to the Arrangement, each month the Lender will advance to the Company an amount equal to half of the fees billed by the Lender up to US$1,000,000. Amounts advanced will bear interest at a rate of 12% compounding annually and will be due four years from the date of the Arrangement. The Company may repay any amounts owing under the facility at any time without penalty.

In connection with making the credit facility available, the Company has agreed to issue 1,000,000 non‐transferable share purchase warrants (each, a “Bonus Warrant") to the Lender. Each Bonus Warrant will be exercisable into one share of common stock of the Company at a price of US$0.16 for a period of four years from the date of issuance. In addition, for each US$100,000 advanced under the Arrangement, the Company has agreed to issue to the Lender 200,000 additional non‑transferable warrants (each, an “Additional Warrant”). Each Additional Warrant will be exercisable into one share of common stock of the Company at any time within a four‑year period from the date of issuance at a price equal to the market price of the shares of the Company as determined in accordance with the terms of the Arrangement.

The securities offered under the Arrangement have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. All securities issued pursuant to the Arrangement will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Joseph Mullin
President and CEO
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 215, 333 Crown Point Circle
Grass Valley, CA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

December 14, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) announces that the Board of Supervisors of Nevada County, California (the “Board”) voted to adopt a resolution (the “Resolution”) rejecting the Company’s vested rights petition (the “Petition”) to operate the Idaho-Maryland Mine (the “IM Mine”).

To establish a vested right, California law requires the Company to show by a preponderance of the evidence that mining was occurring at the IM Mine at the time that Nevada County first required a use permit in 1954. The Resolution held that “the Petitioner failed to present sufficient evidence to support an affirmative conclusion regarding the scope of Petitioner’s alleged vested right….” The Company presented approximately 2,000 pages of documents to demonstrate that the IM Mine was in production through 1956, including aerial photographs, maps, production flow sheets, lists of reagents used, gold production records, lists of equipment, exploration results, first-hand accounts of miners working at the mine, and annual reports.

Vested rights are protected under the constitutions of both the United States and California. Once the Company established that it has a vested right, the seminal case on vested rights in California, Hansen Brothers, requires that any opponent prove by clear and convincing evidence that the constitutionally-protected right has been abandoned. Abandonment may be shown only by proving both “(1) An intention to abandon; and (2) an overt act, or failure to act, which carries the implication the owner does not claim or retain any interest in the right to the nonconforming use.”

The Resolution held that “under Hansen, there must be an objective manifestation of an intent to mine,” which is clearly the opposite legal standard. The Resolution concluded further that “the subsequent owners understood that no vested right existed because they all requested permission via use permits for each of the uses.” California case law clearly demonstrates that applying for a use permit does not negate a vested right, which runs with the land and is protected by the Constitution. David Watkinson, CEO of Emgold Mining Corp., which spent over twenty years developing the IM Mine, testified that Emgold’s development plan exceeded historical production and therefore was ineligible for a vested right.

Megan M. Wold, Partner at the litigation firm Cooper & Kirk that the Company has hired to protect its property interests, commented: “Rise has clearly demonstrated a constitutionally-protected right to operate the IM Mine. Unfortunately, the Board received a biased staff report that was riddled with legal and factual errors. Despite the fact that Rise made the Board aware of these clear errors both in letters submitted before the hearing and in its presentation during the hearing, the Board relied on them to reach an outcome that is clearly not based in facts or law. A core function of the courts is to uphold constitutional rights, and we are confident that Nevada County’s rejection of the Company’s vested rights Petition will be set aside by the courts.”

During deliberations, Supervisor Hoek remarked about the proceedings: “I feel like this is above my paygrade.” Supervisor Scofield commented: “Since all of the points will apparently be argued to a higher authority, I am comfortable following the recommendations of the Nevada County staff.” Supervisor Hall commented: “It is very unfortunate and difficult for us because we’re not lawyers, this isn’t a courtroom, and we’re not judges, that we are depending on the Hansen case.”

Supervisor Hall was a founding director of the anti-mining group Citizens Looking at Impact of Mining in Grass Valley (CLAIM-GV), which was formed for the specific purpose of opposing the re-opening of the IM Mine. Hall also testified at a prior vested rights hearing and called the existence of the constitutional right a “loophole”: “You can deny the vested rights and ask this miner to come in and get use permit like everyone else has to.” Hall refused to recuse herself from the proceedings. An impartial tribunal is a basic requirement of administrative procedural due process, guaranteed under both the United States and California constitutions.

Rise Gold CEO Joe Mullin reacted: “While we are disappointed by the Board’s decision, we are proud of the presentation our team made to the supervisors and look forward to having our rights vindicated by the courts.” The Board has told the Company that it will hold a hearing for a final vote on the Company’s use permit application. Cooper & Kirk has written the County that if it should deny both the Petition and the use permit, “Rise will have suffered a compensable, unconstitutional taking…. The remedy for an unconstitutional taking is the payment of just compensation, which is the fair market value of the property taken. Based on comparable mines and historic yield at the Idaho-Maryland Mine, Rise’s mineral estate is conservatively estimated to be worth at least $400 million.”

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Joseph Mullin
President and CEO
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle
Grass Valley, CA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

 The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

 This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

 Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

December 12, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company” or “Rise Gold”) announces that it has granted a total of 707,752 stock options to directors of the Company pursuant to the terms of the Company’s Stock Option Plan. The stock options are exercisable at a price of US$0.25 per share until December 12, 2028.

About Rise Gold Corp.
Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Joseph Mullin
President and CEO
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 215, 333 Crown Point Circle
Grass Valley, CA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

December 7, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company” or “Rise Gold”) announces that it has completed the second and final tranche of the non-brokered private placement announced in its October 31 and November 8, 2023 news releases (the “Financing”). The Company raised a total of US$967,957 through the sale of 5,377,541 Units.

The Company previously announced the first closing of the Financing on November 7, 2023, for a total of US$584,358 through the sale of 3,246,431 units.

The Company has closed a second tranche of the Financing. In this tranche, the Company raised a total of US$383,600 through the sale of 2,131,110 units (each a “Unit”) at a price of US$0.18 per Unit (~CDN$0.25 per Unit), with each Unit comprising one share of common stock (a “Share”) and one-half of one share purchase warrant. Each whole warrant (a “Warrant”) entitles the holder to acquire one Share at an exercise price of US$0.26 (~CDN$0.36) until December 7, 2025.

A director of Rise Gold, through an entity for which he exercises control or direction over investment decisions, purchased an aggregate of 280,000 Units for gross proceeds of US$50,400. The participation of this director in the Private Placement constitutes a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions MI 61-101(“”). Rise Gold is relying on exemptions from the formal valuation requirements of section 5.4 of MI 61-101 and minority shareholder approval requirements of section 5.6 of MI 61-101. As the fair market value of the related party’s participation is not more than 25% of Rise Gold’s market capitalization, the related party transaction is exempt from the formal valuation requirements pursuant to subsection 5.5(a) of MI 61-101 and from the minority approval requirements pursuant to subsection 5.7(1)(a) of MI 61-101. A material change report, as contemplated by the related party transaction requirements under MI 61-101, was not filed more than 21 days prior to closing as the extent of related party participation in the Private Placement was not known until shortly prior to the closing.

All securities issued pursuant to the Financing are subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. Under Canadian securities laws the securities are subject to a hold period expiring on April 8, 2024. Rise Gold will use the proceeds from the Financing for general working capital.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.
Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Joseph Mullin
President and CEO
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 215, 333 Crown Point Circle
Grass Valley, CA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to, among other things, its ongoing business operations. These risks are related to a number of factors including, without limitation, obtaining all necessary regulatory approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. The Company undertakes no obligation to update forward-looking statements or information except as required by law.

November 29, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) announces that the legal staff of Nevada County has released a Staff Report analyzing the Company’s Petition to the County of Nevada asserting its vested right to mine at the Idaho-Maryland-Brunswick Mine (the “IM Mine”). A decision whether to confirm the vested right will be made by the elected Board of Supervisors in a public hearing on December 13th. The Supervisors’ decision is not discretionary; they must apply the relevant legal principles as determined by the California Supreme Court to the historical facts.

Under the U.S. Constitution, Nevada County cannot require the Company to obtain a use permit to operate the IM Mine if the Company can show that operations were occurring at the time that the zoning ordinance was passed in 1954, unless the County can prove by clear and convincing evidence that the right to mine was abandoned.

The seminal case interpreting the law of vested rights in California is Hansen Brothers, which concerned Nevada County’s previous attempt to deny the vested rights of a mining operator on the basis that operations had ceased for more than the time period proscribed in Nevada County’s zoning code and that only continuity of operations is relevant to the analysis of abandonment, not owner intent. The California Supreme Court overruled both of Nevada County’s arguments and held for the miner, stating that “cessation of use alone does not constitute abandonment” and that abandonment requires both “(1) An intention to abandon; and (2) an overt act, or failure to act, which carries the implication the owner does not claim or retain any interest in the right to the nonconforming use.”

It is indisputable that mining was occurring at the IM Mine in 1954, and the Company submitted 2,000 pages of exhibits to show that each of the predecessor owners of the mine either attempted to reopen it or marketed the property for sale as a mine to demonstrate that there was never an intent to abandon the right to mine.
Nevada County’s legal staff opine that the any vested right to operate the IM Mine was abandoned. Their Report argues that the petitioner must prove “continuity of intent to mine” to avoid a finding of abandonment, whereas the Hansen decision clearly states that there must be “intent to abandon” demonstrated by “overt acts,” the completely opposite standard. The Report did not cite a single overt act that would constitute abandonment, as is required by California law.

The legal staff also assert that the County can deem the Constitutionally-protected vested right abandoned if operations cease for a sufficient period: “Petitioner fails to cite any case where a court has held that a nonconforming use was not abandoned after such a lengthy period when the nonconforming use had ceased.”
In its letter to the County, the Company cited the decision in Hardesty v. State Mining which involved similar questions of law: “The question in such cases is whether there is an intent to abandon or permanently cease operations, or instead a business judgment that a temporary—even if prolonged—hiatus should be made. Otherwise, as Hardesty suggests, an operator might be forced to continue operations at a loss—perhaps for decades—in order to await market recovery at some unknowable future point.”

Operating in accordance with California law, Merced County in 2019 recognized the vested right of a mining operation that ceased in 1950. San Bernardino County also in 2019 recognized the vested right of a mining operation that ceased in 1954.

Rise Gold CEO Joe Mullin reacted: “It is unfortunate that Nevada County’s legal staff think the County should relitigate the Hansen case, which they lost badly. We invite the County Supervisors to avoid a costly legal battle by adhering to California law and voting to recognize the Company’s vested right to operate the IM Mine at the hearing on December 13.”

Rise Gold has retained the litigation firm of Cooper & Kirk to defend its property interests. Our attorney, Chuck Cooper, has argued nine cases before the U.S. Supreme Court; Michael Kirk has represented companies such as Shell Oil, Boeing, Texaco, and Ford Motor Company. Their firm has won over $10 billion for its clients.
In a letter to the County, Cooper stated: “we have concluded that Rise Grass Valley, Inc. has a vested right to operate the Idaho-Maryland Mine, and we expect that right to be vindicated in court, should it be necessary to do so.” The firm also warned that: “Rise will have suffered a compensable, unconstitutional taking if the County denies both the vested rights petition and the use permit…. The remedy for an unconstitutional taking is the payment of just compensation, which is the fair market value of the property taken. Based on comparable mines and historic yield at the Idaho-Maryland Mine, Rise’s mineral estate is conservatively estimated to be worth at least $400 million.”

Documents related to the Company's vested rights Petition may be found on Nevada County's website at the following link <https://www.nevadacountyca.gov/3195/Idaho-Maryland-Mine---Rise-Grass-Valley>.

About Rise Gold Corp.
Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:
Joseph Mullin
President and CEO
Rise Gold Corp.

For further information, please contact:
RISE GOLD CORP.
Suite 215, 333 Crown Point Circle
Grass Valley, CA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

November 8, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) announces that it has completed the first tranche of the non-brokered private placement announced in its October 31, 2023 news release.

In this tranche, the Company raised a total of US$584,358 through the sale of 3,246,431 units (each a “Unit”) at a price of US$0.18 per Unit (~CDN$0.25 per Unit), with each Unit comprising one share of common stock (a “Share”) and one-half of one share purchase warrant (the “Private Placement”). Each whole warrant (a “Warrant”) entitles the holder to acquire one Share at an exercise price of US$0.26 (~CDN$0.36) until November 7, 2025. The Company paid a total of US$6,480 in finder’s fees and issued a total of 36,000 finder’s warrants, where each finder’s warrant entitles the holder to acquire one Share at a price of US$0.26 until November 7, 2025.

Certain directors of Rise Gold, directly, through entities controlled by them, or through entities for which they exercise control or direction over investment decisions, purchased an aggregate of 2,113,332 Units for gross proceeds of US$380,400. The participation of each of these directors in the Private Placement constitutes a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Rise Gold is relying on exemptions from the formal valuation requirements of section 5.4 of MI 61-101 and minority shareholder approval requirements of section 5.6 of MI 61-101. As the fair market value of the related parties participation is not more than 25% of Rise Gold’s market capitalization, the related party transactions are exempt from the formal valuation requirements pursuant to subsection 5.5(a) of MI 61-101 and from the minority approval requirements pursuant to subsection 5.7(1)(a) of MI 61-101. A material change report, as contemplated by the related party transaction requirements under MI 61-101, was not filed more than 21 days prior to closing as the extent of related party participation in the Private Placement was not known until shortly prior to the closing.

All securities issued pursuant to the Private Placement are subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. Under Canadian securities laws the securities are subject to a hold period expiring on March 8, 2024. Rise Gold will use the proceeds from the Private Placement for general working capital.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Joseph Mullin
President and CEO
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 215, 333 Crown Point Circle
Grass Valley, CA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.
Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

October 31, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) announces that it intends to raise up to US$750,000 through the issuance of up to 4,166,667 units (each a “Unit”) at a price of US$0.18 per Unit (~CDN$0.25 per Unit), with each Unit comprising one share of common stock (a “Share”) and one-half of one share purchase warrant (the “Private Placement”). Each whole warrant (a “Warrant”) entitles the holder to acquire one Share at an exercise price of US$0.26 for a period of two years from the date of issuance. The Company may pay finder’s fees to eligible persons in accordance with applicable securities laws and regulatory policies. This proposed financing supersedes the financing announced on September 26, 2023.

The Company will use the proceeds from the Private Placement for general working capital. All securities issued pursuant to the Private Placement will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.

Certain directors and/or officers of the Company, directly, through entities controlled by them, or through entities for which they exercise control or direction over investment decisions, may participate in the Private Placement. The participation of each of such insiders in the Private Placement would constitute a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company will be relying on exemptions from the formal valuation requirements of section 5.4 of MI 61- 101 and minority shareholder approval requirements of section 5.6 of MI 61-101. As the fair market value of the related party’s participation is not more than 25% of the Company’s market capitalization, the related party transactions are exempt from the formal valuation requirements pursuant to subsection 5.5(a) of MI 61-101 and from the minority approval requirements pursuant to subsection 5.7(1)(a) of MI 61-101.

The Company anticipates a first closing in early November 2023.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration  requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Joseph Mullin
President and CEO
Rise Gold Corp.
For further information, please contact:

RISE GOLD CORP.
Suite 215, 333 Crown Point Circle
Grass Valley, CA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

September 29, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) reports that Nevada County (the “County”) has announced that its Board of Supervisors will hold its public hearing on the Company’s Vested Rights Petition (the “Petition”) on the Idaho-Maryland Mine Project (the “IMM Project”), previously scheduled for late October, on December 13 and 14, 2023.

The County explained the delay by pointing to “2,000 pages submitted with the petition for recognition of vested rights, which far exceeds most other known petitions for vested rights.” The Company’s Petition includes comprehensive records to demonstrate that all of the property owners of each of the parcels of land that comprise the IMM Project either intended to reestablish mining themselves or marketed their properties to mining companies.

Mining operations at the IMM Project were continuous before, during, and after the County first required a permit to mine in 1954, establishing a vested right to continue mining. Vested rights do not expire unless there is evidence that a property owner intended to abandon the right and also took an overt act demonstrating such an intent. Under California law, the burden of proof to show abandonment lies with the County.

Joe Mullin, CEO of Rise Gold Corp. commented: “The Company looks forward to the hearing before the Nevada County Board of Supervisors on its Petition asserting grandfathered rights to mine in Nevada County. The hearing is an important step as we continue our efforts to advance the IMM Project.”

A decision on the Petition is not discretionary, rather the Board of Supervisors must decide whether to confirm the vested rights by reviewing the historical facts in light of how the California Supreme Court has interpreted the relevant legal principles.

A link to the news release from the County is here:
https://nevadacountyca.gov/CivicAlerts.aspx?AID=6991

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Joseph Mullin
President and CEO
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 215, 333 Crown Point Circle
Grass Valley, CA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

September 26, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company” or “Rise Gold”) announces that it has granted a total of 397,780 stock options to officers and directors of the Company pursuant to the terms of the Company’s Stock Option Plan. The stock options are exercisable at a price of US$0.26 per share until September 22, 2028.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Joseph Mullin
President and CEO
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 215, 333 Crown Point Circle
Grass Valley, CA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

September 26, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) announces that it intends to raise up to US$500,000 through the issuance of up to 2,500,000 units (each a “Unit”) at a price of US$0.20 per Unit (~CDN$0.26928 per Unit), with each Unit comprising one share of common stock (a “Share”) and one-half of one share purchase warrant (the “Private Placement”). Each whole warrant (a “Warrant”) entitles the holder to acquire one Share at an exercise price of US$0.30 for a period of two years from the date of issuance.

Joe Mullin, CEO of the Company commented: “Having submitted our vested rights petition (ie. asserting grandfathered rights) in advance of our hearing by the County Board of Supervisors on October 27, the Company anticipates continuing along the permitting pathway while also planning for renewed surface exploration activity and project advancement.”

Rise Gold will use the proceeds from the Private Placement for general working capital. All securities issued pursuant to the Private Placement will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Certain directors and/or officers of the Company, directly, through entities controlled by them, or through entities for which they exercise control or direction over investment decisions, may participate in the Private Placement. The participation of each of such insiders in the Private Placement would constitute a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company will be relying on exemptions from the formal valuation requirements of section 5.4 of MI 61-101 and minority shareholder approval requirements of section 5.6 of MI 61-101. As the fair market value of the related party’s participation is not more than 25% of the Company’s market capitalization, the related party transactions are exempt from the formal valuation requirements pursuant to subsection 5.5(a) of MI 61-101 and from the minority approval requirements pursuant to subsection 5.7(1)(a) of MI 61-101.

About Rise Gold Corp.
Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Joseph Mullin
President and CEO
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 215, 333 Crown Point Circle
Grass Valley, CA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

Grass Valley, California --(Newsfile Corp. - September 25, 2023) - Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) (the "Company" or "Rise Gold") is pleased to report that Mr. Joseph Mullin has been appointed as President and CEO of Rise Gold and President of the Company's wholly owned operating subsidiary, Rise Grass Valley Inc.

Mr. Mullin's considerable experience with financial markets will guide the Company to achieve its objectives as it nears the conclusion of the Vested Right hearing on October 27th and moves into a new phase of permitting, exploration, and project development.

Mr. Mullin has over 25 years of experience in corporate finance, private equity, restructuring, and early-stage mineral exploration. He was previously the President of Virginia Energy Resources Inc. and led its sale to Consolidated Uranium Inc. Prior to that Mr. Mullin was the CEO of QuestEx Gold & Copper Ltd. for two and a half years leading up to its sale to Skeena Resources Ltd. He began his career as a Financial Analyst at Goldman Sachs, and subsequently worked at Invesco Ltd. and Millennium Global Investments Ltd. Mr. Mullin is the Managing Member of Mount Arvon Partners LLC, and is currently an Independent Director of FireFox Gold Corp. and Pure Energy Minerals Ltd. Mr. Mullin has been involved in metals and mining in the U.S., Canada, Brazil, and Europe. Mr. Mullin holds an A.B. from Harvard University. "We are excited that Joe has agreed to join Rise Gold Corp. as its President and CEO at this important time in its history," said Dan Oliver, Director of the Company.

Mr. Ben Mossman will continue in his position as Director and will also serve as an advisor to provide his substantial accumulated technical knowledge of the project and the EIR to help with the management during a transition period. The Board of Directors would like to thank Ben for his dedication and commitment to the Company over the past six years.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company's principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Joseph Mullin
President and CEO
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 215, 333 Crown Point Circle
Grass Valley, CA 95945
T: 530.433.0188 |  info@risegoldcorp.com 
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words or statements that certain events or conditions "may" or "will" occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

September 7, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company” or “Rise Gold”) is pleased to report that Mr. Clynton Nauman has been appointed as a director of the Company.

Mr. Clynton Nauman has more than 45 years of diversified operating experience in the mining industry ranging from exploration to mine construction and mine operations as well as business development, mine financing and senior management in the precious metals, base metals and coal sectors. Mr. Nauman also co-founded and grew a successful industrial environmental services company focussed on reclamation of historical mine-related liabilities in Canada and the United States. 

Mr. Nauman was the Chairman and Chief Executive Officer of Alexco Resource Corp., Alexco Environmental Group Inc. and Asset Liability Management Group ULC until September 2022.   He previously served as President of Viceroy Gold Corporation, Viceroy Minerals Corporation and was a director of Viceroy Resource Corporation, positions he held from February 1998 until February 2003. Mr. Nauman also previously served on the Boards of Novagold Resources Inc, Nova Copper Inc (now Trilogy Metals Inc), and Spectrum Gold Inc. Mr. Nauman was a General Manager of Kennecott Minerals from 1993 to 1998 where he oversaw the permitting, redevelopment, startup and operation of the Greens Creek Mine which lies within the Admiralty Island National Monument in Southeast Alaska. Mr. Nauman holds an Honours Bachelor of Science in Geology from Otago University, New Zealand.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland gold mine located in Nevada County, California, USA. To learn more about the company, visit www.risegoldcorp.com.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

September 6, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company” or “Rise Gold”) reports that it has submitted a Petition to the County of Nevada asserting its vested right to mine at the Idaho-Maryland-Brunswick Mine. The Petition was prepared by Mitchell Chadwick LLP and was independently reviewed by Cooper & Kirk, PLLC. As demonstrated in the Petition, mining operations on the Vested Mine Property are a vested use, protected under the California and federal Constitutions, and a use permit is not required for mining operations to continue. The Petition is available on the Nevada County website.

The Company owns the Idaho-Maryland-Brunswick Mine, consisting of 175 acres of surface land and a 2,560-acre mineral estate (the “Vested Mine Property”), located in Nevada County (“County”), California. Before the Vested Mine Property was consolidated into its current configuration in 1941, it existed as multiple historical mines and operations referred to in the Petition as the “Mine Property” or the “Mine.”

For the vested right to be recognized by the County, Rise needs to demonstrate that fact that mine operations were being conducted both before and immediately after the County first required a permit to mine in 1954. The Petition and its exhibits are replete with historical evidence that mining was conducted at the Vested Mine Property prior to, during, and after 1954, when the County first required a use permit.

Once vested, this right to mine endures unless it is abandoned, which has not occurred here. Abandonment only occurs if two conditions are met: (1) there is evidence of a property owner’s actual intent to abandon the vested mining right; and (2) an overt act (or failure to act) demonstrating such intent. The California Supreme Court has held that a vested mining right is not abandoned merely because the mine has been inactive for periods of time, and the Court has found that cessation of use alone does not constitute abandonment of a mine. The evidence set out in the Petition establishes the various previous owners evidenced their intent to retain the vested right to mine by continuously recording mineral reservations, entering into leases, and making plans for resuming mining in the future, even when mining operations were suspended. There is no evidence that any owner of the Vested Mine Property actually intended to abandon the vested mining right or took an overt act demonstrating that intent (let alone both). In addition, the vested right was already confirmed in 1980 by the County itself[1].

The Nevada County Board of Supervisors will hold a public hearing regarding the Company’s Petition on October 27th of this year. A decision on the Petition is not discretionary, rather the Board of Supervisors must decide whether to confirm the vested rights by reviewing the historical facts in light of how the California Supreme Court has interpreted the relevant legal principles.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to, among other things, its ongoing business operations.  These risks are related to a number of factors including, without limitation, obtaining all necessary regulatory approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. The Company undertakes no obligation to update forward-looking statements or information except as required by law.

[1] The County recognized that mining operations on the Vested Mine Property were a legal nonconforming use in 1980 (i.e., a vested right) in its grant of Use Permit U79-41 authorizing the harvesting, crushing, screening, and sale of existing mine rock and tailings at the Centennial Industrial site. The County’s Staff Report explicitly states that the grant of the permit was “an expansion of an existing, non-conforming use.” California courts have ruled that a vested right cannot be broken down to encompass “less than the entire business operation,” and, therefore, under the California law the County vested the right to mine for the entire Vested Mine Property.

August 24, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company” or “Rise Gold”) reports that it intends to assert its vested right to mine at the Idaho-Maryland-Brunswick Mine (the “IM Mine”) which is located on the Company’s private surface land and subsurface mineral estate.  The vested right is for the entire gold production business that was historically operated by the Company’s’ predecessor, the Idaho Maryland Mines Corporation, which produced up to 129,000 oz of gold per year.

 The County of Nevada has publicly announced that the Board of Supervisors will hold a public hearing regarding the Company’s petition asserting its vested right (the “Petition”) in late October of this year. A decision on the Petition is not discretionary, rather the Board of Supervisors must decide whether to confirm the vested rights by reviewing the historical facts in light of how the California Supreme Court has interpreted the relevant legal principles. The Use Permit hearing, previously scheduled for October 2nd and 3rd, will be rescheduled to early December of this year, if necessary. 

 Under California law, a “vested right” is the right to continue an activity that existed lawfully before a zoning restriction became effective even though that use is not in conformity with the ordinance when it continues thereafter. On September 10th, 1954, the County of Nevada approved Ordinance No. 196, the Nevada County Zoning Enabling Ordinance. The mineral production business that was being operated on the property by the Idaho Maryland Mines Corporation became a non-conforming use and vested at that time. Evidence that the IM Mine was in operation in 1954 is clear and indisputable. In addition, the Company’s legal experts are confident, based on the historical evidence and California law, that the vested right to mine has not been abandoned.

The conditions imposed by the Bretton Woods Agreement & System[1], with a fixed price of gold and high cost inflation, resulted in the suspension of mining activity in 1957. Under California law, cessation of use alone does not constitute abandonment of a vested right, and extensive evidence exists showing that the vested right to mine has never been abandoned. This evidence includes a previous determination of a vested mining right for the IM Mine by the County of Nevada in 1980, preservation of mineral rights by previous owners, and over $60 million in capital raised for the purpose of developing and reopening the IM Mine from 1987 to present.

The definitive decision on Vested Mining Rights in California is the California Supreme Court case Hansen Brothers Enterprises, Inc. v. Board of Supervisors of Nevada County (1996) 12 Cal. 4th 540 (“Hanson Brothers”). In Hanson Brothers, the California Supreme Court articulated several key principles relevant to Rise Gold’s vested right.

 1)      In determining the use to which the land was being put at the time the use became nonconforming, the overall business operation must be considered. Unless an independent aspect of the business has been permanently discontinued, the vested use may not be broken down into component parts and a vested rights recognized for less than the entire business operation.

 2)      Cessation of use alone does not constitute abandonment. Abandonment of a nonconforming use ordinarily depends upon a concurrence of two factors: (1) A subjective intent to abandon; and (2) an overt act, or failure to act, which objectively carries the implication the owner does not claim or retain any interest in the right to the nonconforming use.

 3)      A party entitled to a nonconforming use has a right to engage in uses normally incidental and auxiliary to the nonconforming use.  Furthermore, open areas in connection with an improvement existing at the time of the adoption of zoning regulations are exempt from the same regulations as a nonconforming use if the open areas were in use or partially used in connection with the use existing when the regulations were adopted.

 4)      In extractive operations, the right of normal expansion of a nonconforming use includes extending the mining aspect of the business to those other areas of the property owned at the vesting date into which the owners had then objectively manifested an intent to mine in the future.

 5)      A gradual and natural increase in a lawful, nonconforming use of a property would not be considered an impermissible enlargement or intensification of the use.

 The Company is currently finalizing the detailed Petition outlining its vested rights. This Petition will contain extensive evidence and legal analysis and will be provided to the public upon submission to the Board of Supervisors.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

 This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to, among other things, its ongoing business operations.  These risks are related to a number of factors including, without limitation, obtaining all necessary regulatory approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. The Company undertakes no obligation to update forward-looking statements or information except as required by law.

[1] The Bretton Woods Agreement and System fixed the dollar to gold at the existing parity of US$35 per ounce, while all other currencies had fixed, but adjustable, exchange rates to the dollar. Unlike the classical Gold Standard, capital controls were permitted to enable governments to stimulate their economies without suffering from financial market penalties. The result was that, due to cost inflation, the real price of gold fell by approximately 50% from 1941 to 1954.

July 10, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company” or “Rise Gold”) reports that Mr. Daniel Oliver Jr. has been appointed as a director of the Company.

Mr. Oliver manages Myrmikan Gold Fund, which makes investments in the precious metals mining sector. In addition to his finance background, Mr. Oliver brings legal expertise to the board, having graduated from Columbia Law School with honors in 2001 and practiced law at Simpson Thacher & Bartlett in New York as well as at Wallison & Wallison, a boutique law firm specializing in high-dollar business litigation and appeals in the financial sector.

Mr. Oliver obtained an MBA from INSEAD in 2005. After co-founding two venture companies, Mr. Oliver joined Bearing Capital, LLC, a private equity firm in Buenos Aires focused on Latin American commodities investments. He is also a director of Guanajuato Silver Co. Ltd and President of the Committee for Monetary Research & Education, an organization founded by prominent economists and businessmen in 1970 in opposition to the Bretton Woods monetary system.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland gold mine located in Nevada County, California, USA. To learn more about the company, visit www.risegoldcorp.com.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

June 21, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company” or “Rise Gold”) reports that Nevada County announced that the Board of Supervisors hearing for the Idaho-Maryland Mine Project (the “IMM Project”) will take place on October 2nd and October 3rd 2023. The Board of Supervisors hearing is the last major milestone remaining towards approval or denial of the Company’s Use Permit application to reopen the historic past-producing Idaho-Maryland gold mine.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland gold mine located in Nevada County, California, USA. To learn more about the company, visit www.risegoldcorp.com.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

June 5, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company” or “Rise Gold”) reports that it has sent a letter to the Nevada County (the “County”) Board of Supervisors (the “Board”), that highlights significant irregularities with the May 10-11 Planning Commission Hearing (the “Hearing”) regarding the Idaho-Maryland Mine Project (the “IMM Project”). The letter details Brown Act violations, egregious abuses of the Company’s constitutionally protected rights to due process, as well as the Planning Commission’s non-compliance with the County’s ethics training and adopted policies for conducting the business of Board-appointed bodies.

The County’s Final Environmental Impact Report (“FEIR”) concluded that the IMM Project would have no significant impacts to air quality, biological resources, water quality, groundwater, vibration, truck traffic, or noise from operations. In addition, an independent economic study commissioned by the County concluded that the IMM Project would deliver substantial economic benefits, including at least 475 new local jobs, $45.3 million in new local labor income per year, additional tax revenue between $1.4 to $6.4 million per year, and a stronger and more diversified local economy. The Company thanks the many community members who supported the IMM Project with thousands of support letters and attendance at the recent Planning Commission Hearing.

During the Hearing, a number of the County Planning Commissioners (“Commissioners”) made unsupported assertions contradicting the findings of the FEIR without allowing County staff or the Company to respond, called on non-experts to testify without allowing the County’s own technical experts to rebut or correct the misinformation, and introduced materials purported to be new damning information which were, in fact, already part of the FEIR and its analysis of the Project. It is notable that the Commissioners did not ask a single question of the fourteen expert consultants who were present at the Hearing, including those working directly for the County.

One of the Commissioners knowingly presented false and inaccurate evidence and testimony into the deliberations, including from a geotechnical report included in the FEIR that he claimed was new information obtained from “a friend”.  The Commissioner read extensively from a letter from the Northern Sierra Air Quality Management District (”NSAQMD”) dated April 4th 2022  that was already included and analyzed in the FEIR and represented this letter to the County staff and his fellow commissioners as a new letter that had not been addressed. As stated in the FEIR, this unsigned letter was revised and replaced by the NSAQMD. The copy of this letter presented by the Commissioner was modified with the addition of a new date of May 8th, 2023, and a forged agency signature. Social media posts, and records obtained from a Public Records Act Request initiated by Rise Gold reveal that this Commissioner met with numerous Project opponents before the Hearing, attended an evening victory celebration for project opponents after the Hearing concluded, and participated in an anti-Project documentary after the Hearing, demonstrating clear bias against the IMM Project.

Both the federal and state constitutions guarantee the right to due process of law. This constitutional right to due process requires a fair tribunal and applies to local agencies’ (e.g., the County) decisions on land use permits. A fair tribunal requires that the decision-making process – including all decision-makers – be impartial, non-involved, and unbiased for or against a project proponent and/or project. Where there is a probability of actual bias during the decision-making process, the decision must be vacated.

The Company’s letter dated June 1st, 2023, urges the Board to conduct an independent inquiry into the events surrounding the Hearing and calls on the Board to publicly disavow the Planning Commission’s recommendation to deny the IMM Project and disregard it when the Board deliberates whether to approve the IMM Project. A copy of the letter sent to the Board detailing the nature of the Company’s objections to the Planning Commission hearing is provided on the Company's website at the following link. Download Rise Letter to BOS dated June 1st 2023

A printed copy of the letter and appendices will be provided to interested parties upon request.

The Nevada County Board of Supervisors is the highest decision-making body within the County and has announced it will hold a public hearing to consider and make a final decision on the IMM Project sometime after July 2023.

Rise Gold Corp. and Rise Grass Valley Inc. are American companies and have been members of the Nevada County community for over 6 years and Rise Gold is a significant local property owner and taxpayer. The Company asks for the community’s continued support as it defends its private property and constitutional rights. The Company is committed to continue its mission to re-open the Idaho-Maryland Mine for the benefit of both the Company’s shareholders and the community.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to, among other things, its ongoing business operations.  These risks are related to a number of factors including, without limitation, obtaining all necessary regulatory approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. The Company undertakes no obligation to update forward-looking statements or information except as required by law.

May 12, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company” or “Rise Gold”) announces the result of the Planning Commission hearing on the Idaho-Maryland Mine Project (the “IMM Project”).

The Nevada County Planning Commission held a public hearing on May 10 and May 11, 2023 to consider the Final Environmental Impact Report (the “FEIR”). At the conclusion of the public hearing the Planning Commission recommended to the Nevada County Board of Supervisors that the FEIR not be certified and that the Use Permit be denied.

The remaining milestone in the Use Permit process, including the consideration of the FEIR will take place at a Board of Supervisors public hearing to consider and make a final decision on the IMM Project. A majority vote of the five supervisors is required for approval. The County has stated that the Board of Supervisors hearing will take place no sooner than August 2023.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

March 27, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company” or “Rise Gold”) reports that the Nevada County Planning Department announced that the Planning Commission hearing for the Idaho-Maryland Mine Project (the “IMM Project”) will take place on May 10th and will continue on May 11th as needed. The Planning Commission hearing is one of two major milestones remaining towards approval of the Company’s Use Permit application to reopen the historic past-producing Idaho-Maryland gold mine.

As discussed in the Company’s December 16th, 2022 news release, Nevada County released a favorable Final Environmental Impact Report (the “FEIR”) for the Idaho-Maryland Mine Project.

A general outline of the remaining milestones in the Use Permit application to reopen the historic past-producing Idaho-Maryland gold mine are as follows:

1)      The Nevada County Planning Commission holds a public hearing to consider the FEIR and make a recommendation on project approval to the Nevada County Board of Supervisors.

2)      The Board of Supervisors holds a public hearing to consider and make a final decision on the IMM Project. A majority vote of the five supervisors is required to approve the project.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland gold mine located in Nevada County, California, USA. To learn more about the company, visit www.risegoldcorp.com.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

February 21, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company” or “Rise Gold”) announces that it has granted a total of 1,045,000 stock options to consultants, employees, officers, and directors of the Company pursuant to the terms of the Company’s Stock Option Plan. The stock options are exercisable at a price of US$0.53 per share until February 21, 2028.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

February 21, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company” or “Rise Gold”) announces that it has completed the second and final tranche of the non-brokered private placement announced in its January 18 and 25, 2023 news releases (the “Financing”). The Company raised a total of US$3,000,000 through the sale of 7,500,000 Units.   

The Company previously announced the first closing of the Financing on February 1, 2023, for a total of US$1,779,626 through the sale of 4,449,066 units.

The Company has closed a second tranche of the Financing. In this tranche, the Company raised a total of US$1,220,374 through the sale of 3,050,934 units (each a “Unit”) at a price of US$0.40 per Unit (~CDN$0.55 per Unit), with each Unit comprising one share of common stock (a “Share”) and one-half of one share purchase warrant.  Each whole warrant (a “Warrant”) entitles the holder to acquire one Share at an exercise price of US$0.60 until February 17th, 2025. The Company paid a total of ~US$1,420 in finder’s fees and issued a total of 3,540 finder’s warrants, where each finder’s warrant entitles the holder to acquire one Share at a price of US$0.60 until February 17, 2025.

A corporate entity owned by Michael Gentile subscribed for 462,000 Units of the Financing. Mr. Gentile has an extensive institutional money management background and is an active and strategic investor in the junior mining sector. Mr. Gentile owns significant stakes in over 20 small-cap exploration companies. As a result of the acquisition, Mr. Gentile beneficially owns ~5.3% of Rise Gold’s issued and outstanding Shares.

Certain directors of Rise Gold, directly, through entities controlled by them, or through entities for which they exercise control or direction over investment decisions, purchased an aggregate of 917,936 Units for gross proceeds of US$367,174. The participation of each of these directors in the Financing constitutes a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Rise Gold is relying on exemptions from the formal valuation requirements of section 5.4 of MI 61-101 and minority shareholder approval requirements of section 5.6 of MI 61-101. As the fair market value of the related party’s participation is not more than 25% of Rise Gold’s market capitalization, the related party transactions are exempt from the formal valuation requirements pursuant to subsection 5.5(a) of MI 61-101 and from the minority approval requirements pursuant to subsection 5.7(1)(a) of MI 61-101. A material change report, as contemplated by the related party transaction requirements under MI 61-101, was not filed more than 21 days prior to closing as the extent of related party participation in the Financing was not known until shortly prior to the closing.

All securities issued pursuant to the Financing are subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. Under Canadian securities laws the securities are subject to a hold period expiring on June 18, 2023. Rise Gold will use the proceeds from the Financing for the advancement of the Idaho-Maryland Mine Project, debt repayment, and for general working capital.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Closing of Debt Renegotiation

The Company announces that it has finalized a renegotiated debt agreement with Eridanus Capital LLC (“Eridanus”) as previously announced in its January 27, 2023 news release. The Company has agreed to pay US$250,000 to Eridanus to reduce the outstanding loan and issue 575,000 share purchase warrants (the “Eridanus Warrants”) to Eridanus. The maturity date of the loan has been extended by one year to September 4, 2024 and the interest rate has been reduced to 15% for a period of 12 months following the date of issuance of the Eridanus Warrants. Each Eridanus Warrant entitles the holder to acquire one share at an exercise price of US$0.60 for a period of two years from the date of issuance. The Eridanus Warrants and any shares acquired upon exercise of the Eridanus Warrants will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to, among other things, its ongoing business operations.  These risks are related to a number of factors including, without limitation, obtaining all necessary regulatory approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. The Company undertakes no obligation to update forward-looking statements or information except as required by law.

February 1, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) announces that it has completed the first tranche of the non-brokered private placement announced in its January 18 and 25, 2023 news releases (the “Financing”).  

In this tranche, the Company raised a total of US$1,779,626 through the sale of 4,449,066 units (each a “Unit”) at a price of US$0.40 per Unit (~CDN$0.55 per Unit), with each Unit comprising one share of common stock (a “Share”) and one-half of one share purchase warrant (the “Private Placement”). Each whole warrant (a “Warrant”) entitles the holder to acquire one Share at an exercise price of US$0.60 until January 31st, 2025. The Company paid a total of ~US$2,767 in finder’s fees and issued a total of 6,900 finder’s warrants, where each finder’s warrant entitles the holder to acquire one Share at a price of US$0.60 until January 31, 2025.

Certain directors of Rise Gold, directly, through entities controlled by them, or through entities for which they exercise control or direction over investment decisions, purchased an aggregate of 1,476,363 Units for gross proceeds of US$590,545. The participation of each of these directors in the Private Placement constitutes a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Rise Gold is relying on exemptions from the formal valuation requirements of section 5.4 of MI 61-101 and minority shareholder approval requirements of section 5.6 of MI 61-101. As the fair market value of the related parties participation is not more than 25% of Rise Gold’s market capitalization, the related party transactions are exempt from the formal valuation requirements pursuant to subsection 5.5(a) of MI 61-101 and from the minority approval requirements pursuant to subsection 5.7(1)(a) of MI 61-101. A material change report, as contemplated by the related party transaction requirements under MI 61-101, was not filed more than 21 days prior to closing as the extent of related party participation in the Private Placement was not known until shortly prior to the closing.

All securities issued pursuant to the Private Placement are subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. Under Canadian securities laws the securities are subject to a hold period expiring on June 1st, 2023. Rise Gold will use the proceeds from the Private Placement for the advancement of the Idaho-Maryland Mine Project, debt repayment, and for general working capital.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

January 31, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) announces that all proposed resolutions were passed at the Company’s annual general meeting of shareholders held today’s date. Benjamin Mossman, Thomas Vehrs, Larry Lepard, John Proust, and Murray Flanigan were all elected as directors of the Corporation for the coming year and Davidson & Company LLP were re-appointed as auditors of the Corporation for the ensuing year.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

January 27, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) announces that it has renegotiated its debt agreement with Eridanus Capital LLC (“Eridanus”) previously announced in its September 3rd, 2019 news release. Eridanus is an affiliate of Myrmikan Capital, LLC, which operates in the gold and silver junior mining sector. Eridanus has agreed to extend the maturity date of the loan by one year to September 4th 2024 and reduce the interest rate to 15% for a period of 12 months after closing. The Company has agreed to pay US$250,000 to Eradinus to reduce the outstanding loan and issue 575,000 share purchase warrants (“Warrants”) to Eridanus. Each Warrant entitles the holder to acquire one share at an exercise price of US$0.60 for a period of two years from the date of issuance. The Warrants and any shares acquired upon exercise of the Warrants will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. The transaction is subject to any regulatory approval.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

January 23, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) announces that  it has increased the size of the non-brokered private placement previously announced in its January 18th, 2023 news release from US$1,600,000 to US$2,500,000 through the issuance of up to 6,250,000 units (each a “Unit”) at a price of US$0.40 per Unit (~CDN$0.55 per Unit), with each Unit comprising one share of common stock (a “Share”) and one-half of one share purchase warrant (the “Private Placement”). Each whole warrant (a “Warrant”) entitles the holder to acquire one Share at an exercise price of US$0.60 for a period of two years from the date of issuance.

Rise Gold will use the proceeds from the Private Placement for the advancement of its Idaho-Maryland Mine Project and for general working capital. All securities issued pursuant to the Offering will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

January 19, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) announces it has been named to the 2023 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.

The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market.  The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year.  Companies in the 2023 OTCQX Best 50 were ranked based on their performance in 2022.  For the complete 2023 OTCQX Best 50 ranking, visit https://www.otcmarkets.com/files/2023_OTCQX_Best_50.pdf.

The OTCQX Best Market offers transparent and efficient trading of established, investor-focused U.S. and global companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

January 18, 2023 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) announces that  it intends to raise up to US$1,600,000 through the issuance of up to 4,000,000 units (each a “Unit”) at a price of US$0.40 per Unit (~CDN$0.55 per Unit), with each Unit comprising one share of common stock (a “Share”) and one-half of one share purchase warrant (the “Private Placement”). Each whole warrant (a “Warrant”) entitles the holder to acquire one Share at an exercise price of US$0.60 for a period of two years from the date of issuance.

Rise Gold will use the proceeds from the Private Placement for the advancement of its Idaho-Maryland Mine Project and for general working capital. All securities issued pursuant to the Offering will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

December 16, 2022 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) is pleased to announce that Nevada County has released the Final Environmental Impact Report (the “FEIR”) for the Idaho-Maryland Mine Project (the “IMM Project”). The report’s release represents a major milestone toward approving the Company’s Use Permit application to reopen the historic past-producing Idaho-Maryland Gold Mine.

The independently prepared FEIR is the culmination of three years of intensive study by the Nevada County government with the support of its consultant, Raney Planning & Management Inc., an experienced firm located in Sacramento[1], and contributions from many qualified technical experts and scientists. The FEIR concludes that there are no significant impacts to air quality, biological resources, water quality, groundwater, vibration or noise from operations from the proposed re-opening of the Idaho-Maryland Mine. The FEIR builds upon the Draft EIR issued on January 4, 2022) by responding to comments from the public and government agencies. Through this open, transparent and public process, the Project has been further improved by strengthening several mitigation measures, as well as minor clarifications and corrections.

The FEIR confirms only three significant unavoidable impacts from the project:

·         Temporary construction noise from the installation of a water pipeline

·         Addition of traffic to an intersection already operating at an unacceptable level of service[2]

·         Aesthetics due to noticeable changes to the existing visual character of the project sites

The County’s recently released Independent Economic Study confirms the Project will have substantial economic and community benefits. The Company believes these benefits significantly outweigh the three unavoidable impacts identified in the FEIR.

Preparation of the FEIR as per the California Environmental Quality Act (“CEQA”), is an important approval process milestone. A general outline of the remaining milestones in the Use Permit process are as follows:

1)      The Nevada County Planning Commission holds a public hearing to consider the FEIR and makes a recommendation on project approval to the Nevada County Board of Supervisors;

2)      The Board of Supervisors holds a public hearing to consider and make a final decision on the IMM Project. A majority vote of the five supervisors is required to approve the Project.

The timeline to complete the Use Permit process depends primarily on the Nevada County government. However, the Company believes that the Use Permit process for the IMM Project could be completed over the next several months, likely during the first quarter of 2023.

The Nevada County Board of Supervisors has approved three mining projects in recent years. The Boca Quarry Expansion, a surface aggregate mine with production of up to 1 million tons per year, was approved in 2019. The Greenhorn Creek Mining Expansion, a surface aggregate mine with production of up to 600,000 tons per year, was approved in 2017 and the Blue Lead Gold Mine, a surface placer gold mine with production of up to 400,000 tons per year, was approved in 2015.

A recent survey of Nevada County conducted by J. Wallin Opinion Research demonstrates strong local support for the IMM Project. A majority (59%) of respondents supported re-opening the Idaho-Maryland Mine with only 34% of respondents opposed. The majority support for the project is consistent across all the county’s five districts. In addition, a majority of public comments during the Draft EIR comment period expressed support for the project.

Project Design

The Idaho-Maryland Mine is a past producing gold mine which produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955[3].

The Idaho-Maryland Mine was the second largest lode gold producer in the United States before being forced to close under War Production Board Order L-208 during World War II. In the two years before closure, 1940 and 1941, mine production averaged 920 tons per day with an average mill head grade of 0.38 oz per ton (12.9 gpt) and 121,000 oz of gold production per year.

The Company has completed 67,500 feet (20,600 meters) of exploration core drilling at the IMM Project. Numerous high-grade gold intercepts have been encountered, both near the existing mine workings and to depths significantly below historic mining areas. Additional exploration drilling is planned upon approval of the Use Permit.

The Use Permit application proposes underground mining to recommence at an average throughput of 1,000 tons per day. The existing Brunswick Shaft, which extends to ~3400 feet depth below surface, would be used as the primary rock conveyance from the underground workings. A second service shaft would be constructed by raising from underground to provide for the conveyance of personnel, materials, and equipment. Gold processing would be done by gravity and flotation to produce gravity and flotation gold concentrates. Processing equipment and operations would be fully enclosed in attractive modern buildings and numerous mature trees located on the perimeter of the Brunswick Site would be retained to provide visual shielding of aboveground project facilities and operations.

The Company would produce barren rock from underground tunneling and sand tailings as part of the project which would be used for creation of approximately 58 acres of level and useable industrial zoned land for future economic development in Nevada County.

A water treatment plant and pond, using conventional processes, would ensure that groundwater pumped from the mine is treated to regulatory standards before being discharged to the local waterways.

Approximately 300 employees would be required when the mine reaches full production, the majority of which will be drawn from the local Nevada County population.

The Company believes the drilling program has been successful but cautions investors no current mineral resources or mineral reserves have been defined. The Company’s submission of an application for a Use Permit from Nevada County requires information regarding planned throughput and material quantities. The Company cautions investors that no Technical Report has been filed to support that this rate of production will be achieved. The Company has not completed a feasibility study to establish mineral reserves and therefore has not demonstrated economic viability of the IMM Project. The Company has not made a production decision for the IMM Project.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. To learn more about the company, visit www.risegoldcorp.com.

About Rise Grass Valley Inc.

Rise Grass Valley, a subsidiary of Rise Gold Corp., proposes to reinitiate underground mining and gold mineralization processing at the Idaho‐Maryland Mine in unincorporated Nevada County. State-of-the-art facilities utilizing the environmentally friendly technology will be located on the Brunswick Industrial Site. To learn more about the project and community, visit www.risegrassvalley.com.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

[1] Raney has completed over 1,000 CEQA, NEPA, and planning-related projects, ranging from unique and complex projects necessitating the management of multi-disciplinary team of experts to publicly controversial projects requiring involvement and coordination of project stakeholders and concerned citizens. 

[2] Intersection at Brunswick Road and highway SR 174. The project would add ~10 additional vehicles to ~1015 vehicles currently traveling through this intersection during the 3:30 – 4:30 PM time period.

[3] Amec Foster Wheeler, 2017 Technical Report on the Idaho Maryland Project

November 17, 2022 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) reports that on November 15th, 2022, the County of Nevada released a favorable independent report, “Economic Impact of the Proposed Idaho-Maryland Mine Project.”  

The Nevada County Board of Supervisors conducted an independent economic study with Robert D. Niehaus, Inc. (RDN) on the proposed Idaho-Maryland Mine Project. The study estimates the economic and fiscal impacts on local businesses, residential property values, utility providers, public services, and tax revenues and informs the decision-making process regarding the project's significant economic benefits for the community.

Nevada County's independent economic evaluation shows the Idaho-Maryland Mine Project could provide hundreds of jobs and strengthen and diversify the local Nevada County economy. Specifically, the report concludes the following:

·         Creation of approximately 475 new local jobs and approximately $45.3 million per year in new local labor income.

·         Annual local tax revenue from $1.4 to $6.4 million per year, placing the mine as one of or the largest taxpayer in the county. These new revenues would support local towns and cities, schools, fire protection, and other special districts with $200,000 to $912,000 a year going to the County General Fund.

·         RDN performed extensive research and analysis and concluded no impact to local property values, which refutes assertions by local anti-mining groups and some real estate agents that the proposed project would negatively impact property values.

The Company’s submission of an application for a Use Permit from Nevada County requires information regarding planned throughput and material quantities. The Company cautions investors that no Technical Report has been filed to support that this rate of production will be achieved. The Company has not completed a feasibility study to establish mineral reserves and therefore has not demonstrated economic viability of the IMM Project. The Company has not made a production decision for the IMM Project. However, the Company intends to initiate this work and develop these studies upon issuance of the Use Permit.

The County is currently completing the Final Environmental Impact Report (the “Final EIR”) and the County’s diligence in preparing a thorough response to public comments has improved the project and will inform the Board of Supervisors.

An outline of remaining key milestones in the Use Permit Application process is as follows:

·         Nevada County will publish a Final Environmental Impact Report (the “Final EIR”) which will include responses to public comments;

·         The Nevada County Planning Commission will hold a public hearing to consider the Final EIR and make a recommendation on project approval to the Nevada County Board of Supervisors;

·         The Board of Supervisors will hold a public hearing to consider and make a final decision on the IMM Project. A majority vote of the five supervisors is required to approve the project.

The timeline to complete the Use Permit Application process largely depends on the Nevada County government and the completion of the Final EIR. The Company estimates that the Final EIR will be published before the end of 2022 and public hearings and an approval decision on the Use Permit in the first quarter of 2023. 

The Nevada County Board of Supervisors has recently approved three mining projects. The Boca Quarry Expansion, a surface aggregate mine with a production up to 1 million tons per year, was approved in 2019. The Greenhorn Creek Mining Expansion, a surface aggregate mine with a production of up to 600,000 tons per year, was approved in 2017 and the Blue Lead Gold Mine, a surface placer gold mine with a production of up to 400,000 tons per year, was approved in 2015.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. To learn more about the company, visit www.risegoldcorp.com.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

June 29, 2022 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) reports that the County of Nevada is currently preparing the Final Environmental Impact Report (the “Final EIR”) for the Idaho-Maryland Mine Project.

The Nevada County government released the Draft Environmental Impact Report (the “DEIR”) for the Idaho-Maryland Mine Project (the “IMM Project”) on January 4, 2022. The report’s release was a major milestone toward the approval of the Company’s Use Permit Application to reopen the historic past-producing Idaho-Maryland Gold Mine. The 91-day public comment ended on April 4, 2022. The County received approximately 2,850 comment letters during the comment period of which the majority (~1,600 comment letters) expressed support for the Project.  In addition, the Company received over 200 additional support letters after the close of the comment period, which will not be included in the Final EIR. The number of support letters is unprecedented compared to the four recently approved EIRs in Nevada County[1].  The level of support for the Project bolsters last year’s survey results which show a majority (59%) of respondents supporting the reopening of the Idaho-Maryland Mine, with only 34% of respondents opposed.

The independently prepared DEIR was the culmination of two years of intensive study by the Nevada County government with the support of its consultant, Raney Planning & Management Inc., an experienced firm located in Sacramento, and contributions from many qualified technical experts and scientists. The DEIR concluded that there are no significant impacts to air quality, biological resources, water quality, groundwater, vibrations, or noise from operations from the proposed re-opening of the Idaho-Maryland Gold Mine.

A general outline of the remaining milestones in the Use Permit Application process is as follows:

·         Nevada County will publish a Final Environmental Impact Report (the “Final EIR”) which will include responses to public comments;

·         The Nevada County Planning Commission will hold a public hearing to consider the Final EIR and make a recommendation on project approval to the Nevada County Board of Supervisors;

·         The Board of Supervisors will hold a public hearing to consider and make a final decision on the IMM Project. A majority vote of the five supervisors is required to approve the project.

The timeline to complete the Use Permit Application process largely depends on the Nevada County government and the completion of the Final EIR. The Company estimates that the Final EIR will be published in late summer or early fall of 2022 and public hearings and an approval decision on the Use Permit in late fall or early winter of 2022. 

The Nevada County Board of Supervisors has recently approved three mining projects. The Boca Quarry Expansion, a surface aggregate mine with a production up to 1 million tons per year, was approved in 2019. The Greenhorn Creek Mining Expansion, a surface aggregate mine with a production of up to 600,000 tons per year, was approved in 2017 and the Blue Lead Gold Mine, a surface placer gold mine with a production of up to 400,000 tons per year, was approved in 2015.

Project Design

The Idaho-Maryland Mine is a past producing gold mine which produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955.

The Idaho-Maryland Mine was the second largest lode gold producer in the United States before being forced to close under War Production Board Order L-208 during World War II. In the two years before closure, 1940 and 1941, mine production averaged 920 tons per day with an average mill head grade of 0.38 oz per ton (12.9 gpt) and 121,000 oz of gold production per year.

The Use Permit application proposes underground mining to recommence at an average throughput of 1,000 tons per day. The existing Brunswick Shaft, which extends to ~3400 feet depth below surface, would be used as the primary rock conveyance from the underground workings. A second service shaft would be constructed by raising from underground to provide for the conveyance of personnel, materials, and equipment. Gold processing would be done by gravity and flotation to produce gravity and flotation gold concentrates. Processing equipment and operations would be fully enclosed in attractive modern buildings and numerous mature trees located on the perimeter of the Brunswick Site would be retained to provide visual shielding of aboveground project facilities and operations.

The Company would produce barren rock from underground tunneling and sand tailings as part of the project which would be used for creation of approximately 58 acres of level and useable industrial zoned land for future economic development in Nevada County.

A water treatment plant and pond, using conventional processes, would ensure that groundwater pumped from the mine is treated to regulatory standards before being discharged to the local waterways.

Approximately 300 employees would be required when the mine reaches full production, the majority of which will be drawn from the local Nevada County population.

The Company believes the drilling program has been successful but cautions investors no current mineral resources or mineral reserves have been defined. The Company’s submission of an application for a Use Permit from Nevada County requires information regarding planned throughput and material quantities. The Company cautions investors that no Technical Report has been filed to support that this rate of production will be achieved. The Company has not completed a feasibility study to establish mineral reserves and therefore has not demonstrated economic viability of the IMM Project. The Company has not made a production decision for the IMM Project.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. To learn more about the company, visit www.risegoldcorp.com.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

[1] Boca Quarry (2019), Commercial Cannabis Cultivation (2019), Van Norden Spillway (2019), and 2 of 3 Dollar General Stores (2018) approved by Nevada County Board of Supervisors. Total combined comments received on these four projects was approximately 342 of which approximately 25 expressed support for the proposed projects.

June 17, 2022 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) announces its plans to extend the expiry dates of 6,308,310 common share purchase warrants by two years and to include an accelerated expiry provision. 

Between July 3, 2019 and September 21, 2020 the Corporation issued a total of 6,308,310 warrants (the “Warrants”) to purchase shares of common stock in the Corporation in connection with various private placement financings and debt financings.  3,959,727 of these Warrants were granted with an exercise price of CAD $1.00 per share (“CAD Priced Warrants”) with expiry dates ranging from July 3, 2022 to September 9, 2022, and 2,348,583 of these warrants were granted with an exercise price of US$1.00 per share (“USD Priced Warrants”) with expiry dates ranging from July 31, 2022 to September 21, 2022.  None of these warrants have been exercised to date. The proposed amendments shall become effective June 18, 2022.  In accordance with the policies of the Canadian Securities Exchange (the “CSE”), no compensation warrants issued in connection with the prior financings are being extended.

Details of the proposed amendments are set out in the table below:

In addition to extending the expiry date of the Warrants, the Warrants will be amended to include an accelerated expiry provision.  If during the unexpired term of the Warrants, but after the original expiry date of the Warrants has passed:

(a)         in the case of CAD Priced Warrants, the closing price of the Corporation’s shares of common stock on the CSE equals or exceeds CAD$1.50 for any 10 consecutive trading days; or 

(b)        in the case of USD Priced Warrants, the closing price of the Corporation’s shares of common stock on the CSE equals or exceeds CAD$2.00 for any 10 consecutive trading days the Corporation may accelerate the expiry time of the Warrants by giving written notice to the Holder that the Warrants will expire 30 days from the date of providing such notice.

All other terms and conditions of the Warrants remain unchanged. 

655,714 Warrants are held by parties who are considered to be “related parties” of the Corporation.  The amendment of the Warrants constitutes a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”).  The Corporation is relying on exemptions from the formal valuation requirements and minority shareholder approval requirements of MI 61-101 pursuant to subsection 5.5(a) of MI 61-101 and subsection 5.7(1)(a) of MI 61-101 as the fair market value of the transactions do not exceed 25% of the Corporation’s market capitalization. A material change report as contemplated by the related party transaction requirements under MI 61-101 was not filed more than 21 days prior to the closing as the decision to amend the warrants was only made recently.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. To learn more about the company, visit www.risegoldcorp.com.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 215, 333 Crown Point Circle
Grass Valley, CA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) reports that the public comment period for the Draft Environmental Impact Report on the Idaho-Maryland Mine Project is complete.

The Nevada County government released the Draft Environmental Impact Report (the “DEIR”) for the Idaho-Maryland Mine Project (the “IMM Project”) on January 4, 2022. The report’s release was a major milestone toward the approval of the Company’s Use Permit Application to reopen the historic past-producing Idaho-Maryland Gold Mine. The 60-day public comment on the DEIR was extended to 91 days, ending on April 4, 2022. Over 1,000 local residents provided comments to the county in support of the IMM Project. The Company will provide more information on the public comments received by the county as the information becomes available.

The independently prepared DEIR was the culmination of two years of intensive study by the Nevada County government with the support of its consultant, Raney Planning & Management Inc., an experienced firm located in Sacramento, and contributions from many qualified technical experts and scientists. The DEIR concluded that there are no significant impacts to air quality, biological resources, water quality, groundwater, vibrations, or noise from operations from the proposed re-opening of the Idaho-Maryland Gold Mine.

A general outline of the remaining milestones in the Use Permit Application process are as follows:

·         After review of the DEIR’s public comments, Nevada County will publish a Final Environmental Impact Report (the “FEIR”) which will include responses to public comments;

·         The Nevada County Planning Commission will hold a public hearing to consider the FEIR and make a recommendation on project approval to the Nevada County Board of Supervisors;

·         The Board of Supervisors will hold a public hearing to consider and make a final decision on the IMM Project. A majority vote of the five supervisors is required to approve the project.

The timeline to complete the Use Permit Application process is largely dependant on the Nevada County government and the completion of the FEIR. The Company estimates that the Use Permit for the IMM Project could be granted by late summer or fall of 2022.

The Nevada County Board of Supervisors has approved three mining projects in recent years. The Boca Quarry Expansion, a surface aggregate mine with a production of up to 1 million tons per year, was approved in 2019. In addition, the Greenhorn Creek Mining Expansion, a surface aggregate mine with a production of up to 600,000 tons per year, was approved in 2017 and the Blue Lead Gold Mine, a surface placer gold mine with a production of up to 400,000 tons per year, was approved in 2015.

A recent survey of Nevada County conducted by J. Wallin Opinion Research demonstrates strong local support for the IMM Project. A majority (59%) of respondents supported the re-opening of the Idaho-Maryland Gold Mine, with only 34% of respondents opposed. Majority support for the project is consistent across all the county’s five districts.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. To learn more about the company, visit www.risegoldcorp.com.

About Rise Grass Valley Inc.

Rise Grass Valley, a subsidiary of Rise Gold Corp., proposes to reinitiate underground mining and gold mineralization processing at the Idaho‐Maryland Mine in unincorporated Nevada County. State-of-the-art facilities utilizing environmentally friendly technology will be located on the Brunswick Industrial Site. To learn more about the project and community, visit www.risegrassvalley.com.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

February 22, 2022 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) reports excellent metallurgical gold recoveries using a simple and environmentally friendly reagent scheme.

The Company provided a drill core sample from Drillhole I-19-13A to McClelland Laboratories, Inc. located in Reno, Nevada. The sample composite, taken over a 15.7 m core length was calculated to have a head grade of 8.5 gpt gold. The composite was ground to 80% passing 180 microns and subjected to gravity concentration followed by one stage rougher flotation. Total gold recovery was 98.7% to concentrates averaging 117 gpt gold. Gravity concentration recovered 65.8% of the gold to a concentrate grading 5,180 gpt gold and flotation recovered 32.9% of the gold to a concentrate grading 40 gpt gold. The Company believes that the flotation concentrate grade may be substantially improved with additional test work as the historic mine achieved average flotation concentrate grades of 134 gpt gold.

Gold at the Idaho-Maryland Mine is liberated at a coarse grind size relative to a number of other gold deposits. The historic grind size from the operating mine is believed to have been approximately 190 microns. The current test work has shown excellent gold recoveries at a grind of 80% passing 180 microns. A comparison shows the grind size at Idaho-Maryland to be approximately 3x coarser than a number of other deposits as shown in Table 1. A coarse grind provides benefits including a reduction in power applied per ton of feed to the grinding unit and more efficient dewatering of sand tailings. Important environmental benefits are achieved with a coarser grind due to the sand tailings have improved drainage, less dust generation due to lower silt content, higher geotechnical stability, and less erosion and siltation concerns.

McClelland conducted flotation test work with a variety of reagents and achieved excellent recoveries using only a frother and Aerophine 3418A. Aerophine 3418 promoter is a unique, phosphine-based collector, which has no odor, is biodegradable and is not harmful to fish, aquatic invertebrates or plants. Mineral processing at the Idaho-Maryland is designed as a closed circuit to prevent the possibility of reagents entering local waterbodies and the use of environmentally friendly reagents offers additional environmental protection. The cost of using this reagent would be insignificant at approximately $1.20 per ton processed, based on budgetary quotes and dosages used during test work.

The mineral processing method proposed for the Idaho-Maryland Mine project uses flotation to separate sulphide minerals into a saleable gold concentrate. Consequently, the majority of sulphide minerals (~96%) are removed from the sand tailings, thereby eliminating environmental concerns from trace metals or acid generation.  No naturally occurring asbestos is present in historic mine tailings[2]. Previous test work conducted for the preparation of the Draft Environmental Impact Report (DEIR) has demonstrated that the sand tailings derived from processing of the Idaho-Maryland mineralization have very low metal content and no concerns of metal leaching or acid generation. Arsenic content in the sand tailings is less than 2 parts per million which is the average of earth’s crustal abundance and less than one fifth of typical background values in the local area.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. To learn more about the company, visit www.risegoldcorp.com.

About Rise Grass Valley Inc.

Rise Grass Valley, a subsidiary of Rise Gold Corp., proposes to reinitiate underground mining and gold mineralization processing at the Idaho‐Maryland Mine in unincorporated Nevada County. State-of-the-art facilities utilizing environmentally friendly technology will be located on the Brunswick Industrial Site. To learn more about the project and community, visit www.risegrassvalley.com.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

Table 1 – Grind Size and Gold Recoveries of Select Gold Deposits[1]

 [1]

Alamos Gold Inc. (2020). NI 43-101 Technical Report for the Island Gold Mine, Dubreuilville, Ontario, Canada

Wesdome Gold Mines (2021). NI 43-101 Technical Report Prefeasibility Study for the Kiena Mine Complex Project,   Val-d’Or Quebec, Canada

Eldorado Gold. (2018). Technical Report Lemaque Project Quebec Canada

Kirkland Lake Gold Ltd. (2019). Macassa Property, Ontario, Canada Updated NI 43-101 Technical Report

JDS Energy & Mining Inc. (2019). Madsen Gold Project Technical Report Feasibility Study for the Madsen Deposit Red Lake Ontario, Canada

Goldcorp (2015). Red Lake Operations Ontario, Canada NI 43-101 Technical Report

Osisko Mining (2021). NI 43-101 Technical Report Preliminary Economic Assessment Update for the Windfall Project
[2] The Company’s consultant, NV5, recently collected seven samples from the historic tailings of the Idaho-Maryland Mine, derived from the processing of millions of tons, which were tested by EMSL Analytical in San Leandro, California for naturally occurring asbestos. Testing using Polarized Light Microscopy (PLM) and by Transmission Electron Microscopy (TEM) detected no asbestos whatsoever.

February 14, 2022 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) reports on its initiatives to assist the local Nevada County area with storm restoration and fire protection.

A significant winter storm occurred in Nevada County on December 27th which resulted in fallen trees and loss of power to approximately 33,000 area homes. Electricity was not fully restored until January 11th.  The Company allowed the electricity utility, PG&E, to use its Brunswick Industrial Site to marshal work crews to expedite area power restoration.

The Company has also agreed to allow the use of the Brunswick Industrial Site for the temporary storage and processing of green waste related to the recent storm. The County of Nevada contracted with the Fire Safe Council to offer free storm-related green waste disposal to Nevada County residents. Nine public drop off events are planned in March and April at the Company’s property where green waste will be processed and then hauled to a bio-mass power plant. The community green waste program is designed to help homeowners address the storm debris (tree trunks and branches) on their properties in advance of the fire season. The Company has allowed the Fire Safe Council to use the Brunswick Industrial Site for the previous two years, although the currently planned events are larger in scope than previous programs.

Wildfire is one the most important issues to Nevada County residents. In addition to its assistance with green waste management, Rise Gold previously agreed to support the Ophir Hill Fire Protection District (the “OHFPD”) with new equipment and personnel. On July 26, 2021, the OHFPD board accepted the Company’s proposal to provide a new fully equipped fire engine and three additional full-time firefighters. Under the agreement, the Company would purchase the fire engine for OHFPD upon commencement of mine dewatering. The funding of additional fire-fighters would commence upon achievement of commercial production at the mine. In a letter to the county, Chief Rothenberger of the OHFPD stated: “With the incorporation of Rise Grass Valley’s proposal as a condition of approval for the mining project, Ophir Hill Fire Protection District will have the necessary equipment and staff to serve the project site. Moreover, the new assets offered in the proposal by Rise Grass Valley will significantly enhance the ability of the Ophir Hill Fire Protection District to provide excellent service throughout the entire fire district as well as neighboring districts.”

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. To learn more about the company, visit www.risegoldcorp.com.

About Rise Grass Valley Inc.

Rise Grass Valley, a subsidiary of Rise Gold Corp., proposes to reinitiate underground mining and gold mineralization processing at the Idaho‐Maryland Mine in unincorporated Nevada County. State-of-the-art facilities utilizing environmentally friendly technology will be located on the Brunswick Industrial Site. To learn more about the project and community, visit www.risegrassvalley.com.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

February 10, 2022 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) announces that the Nevada Irrigation District’s (NID) board of directors has approved the Water Supply Assessment (WSA) for the Idaho-Maryland Mine Project. In a meeting on February 9th the board of directors of NID voted to approve the WSA.

The WSA’s purpose is to perform an evaluation as established by California legislation, SB 610, codified at Water Code Section 10910. SB 610 requires detailed information regarding water availability to be provided to county decision-makers prior to approval of land use projects above certain acreage thresholds, including the Idaho-Maryland Mine Project. Today’s approval demonstrated the sufficiency of NID water supplies to satisfy the proposed project’s water demands, while still meeting the water purveyor’s existing and planned future uses under all hydrologic conditions (Normal Years, Single Dry Years and Multiple Dry Years).

The Idaho-Maryland Mine Project is anticipated to receive potable water from NID for dust control, sanitary uses and to provide a reliable water supply to certain nearby residences whose water supply wells could be impacted by mining operations. In the recently issued Draft Environment Impact Report (DEIR), Nevada County concluded that the proposed mining operations could result in adverse effects to seven domestic water supply wells in the East Bennett area during the life of the mining operation. While a total of seven wells are projected to be adversely affected, the Company would connect up to 30 properties in the East Bennett area to the NID potable water system prior to commencement of mine dewatering. The Company would fund the engineering, permitting, construction and installation of main water piping and water meters to each property, as well as pay for any NID water charges for ongoing water supply.

The Idaho-Maryland Mine Project will have a surplus of water from the natural groundwater flow into the underground workings and only 10 percent of the dewatering volume will be needed for operational purposes. The groundwater will be treated to remove iron, manganese and other elements of concern and will meet the strict standards of NPDES permit CAG995002, requiring quality as good or better than drinking water quality, before being discharged to the South Fork of Wolf Creek. The surplus of over 1,200 acre–ft per year will provide a benefit to downstream users and aquatic species.  NID could utilize the excess treated mine water and the mine would add more water to the system than it uses. As the mine water flow is immune from drought years, the mine dewatering would have a positive effect on water supply. NID could adjust its flows upstream to use the extra water available downstream if it desired to do so.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. To learn more about the company, visit www.risegoldcorp.com.

About Rise Grass Valley Inc.

Rise Grass Valley, a subsidiary of Rise Gold Corp., proposes to reinitiate underground mining and gold mineralization processing at the Idaho‐Maryland Mine in unincorporated Nevada County. State-of-the-art facilities utilizing environmentally friendly technology will be located on the Brunswick Industrial Site. To learn more about the project and community, visit www.risegrassvalley.com.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

February 8, 2022 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) announces that Nevada County has received an initial batch of return cards from hundreds of Nevada County residents indicating support for the Idaho-Maryland Mine Project, citing the project’s employment and economic benefits.

The Nevada County Board of Supervisors received 527 return cards representing 621 local individuals or businesses in support of reopening the Idaho-Maryland Mine. This followed the Company mailing a portion of Nevada County residents information that highlighted the Idaho-Maryland Mine Project and its benefits to the community. The mailing included a postage-paid return card that residents or businesses could complete and return to the Company for submission to the Nevada County Board of Supervisors on their behalf.

The number of initial supporters is unprecedented in the context of the four recent DEIR’s processed by Nevada County following which all four projects were approved[1].

Dave Brown, President of Benchmark Resources[2], who prepared the EIR application submittal with Rise Gold, stated: “I have been involved with scores of projects and never seen anywhere near this level of public support.  It’s expected that opponents will participate and be vocal, but project supporters don’t normally see the need to weigh-in.  The level of support given to the Idaho-Maryland Mine Project is an order of magnitude above anything I’ve seen in my career.”

Return card text is as follows:

I support re-opening the Idaho-Maryland Mine

Nevada County is in tremendous need of new, well-paying jobs that can help provide a strong economic future for today and for decades to come. Rise Grass Valley’s plan to build a modern and environmentally sensitive mine that respects neighbors and our natural environment while creating over 600 new local jobs is a once-in-a-generation opportunity to revitalize our local economy.

Re-opening the mine means over 300 new jobs in safe and satisfying careers with an average expected annual salary of more than $90,000 plus benefits. The mine will also spur an additional 300 jobs through related new business in the area. This project will enhance the pride and confidence of Nevada County workers and their families and help build stable and prosperous lives.

Opportunities like this come along rarely. Rise Grass Valley has a responsive, innovative project for Nevada County. I urge the Board of Supervisors and other county officials to jump start our local economy by strongly supporting the re-opening of the Idaho-Maryland Mine.

Update on DEIR Process

The public comment period is currently underway for the Draft Environmental Impact Report (the “DEIR”) for the Idaho-Maryland Mine Project. The report’s release on January 4th represented a major milestone toward the approval of the Company’s Use Permit application to reopen the historic past-producing Idaho-Maryland Gold Mine.

Nevada County officials announced an extension of the public comment period for an additional 30 days to accommodate residents affected by a damaging winter storm that began on December 27 and was eventually deemed a California State Emergency. The public comment period will now end on April 4th. The storm resulted in fallen trees and loss of power to approximately 33,000 Nevada County area homes. Electricity was fully restored on January 11th. The comment period extension is to help ensure greater public participation in the DEIR review process. The county plans to process comments during the public comment period, which may mitigate the impact on the timeline for completion of the Use Permit process.

Grant of Stock Options

The Company announces it has granted a total of 805,000 stock options to employees, officers, and directors of the Company pursuant to the terms of the Company’s Stock Option Plan. The stock options are exercisable at a price of US$0.65 per share until February 7, 2027.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. To learn more about the company, visit www.risegoldcorp.com.

About Rise Grass Valley Inc.

Rise Grass Valley, a subsidiary of Rise Gold Corp., proposes to reinitiate underground mining and gold mineralization processing at the Idaho‐Maryland Mine in unincorporated Nevada County. State-of-the-art facilities utilizing environmentally friendly technology will be located on the Brunswick Industrial Site. To learn more about the project and community, visit www.risegrassvalley.com.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

Suite 215, 333 Crown Point Circle

Grass Valley, CA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

[1] Boca Quarry (2019), Commercial Cannabis Cultivation (2019), Van Norden Spillway (2019), and 2 of 3 Dollar General Stores (2018) approved by Nevada County Board of Supervisors. Total combined comments received on these four projects was approximately 342 of which approximately 25 expressed support for the proposed projects.
[2] Dave Brown has conducted environmental evaluations on mining projects for nearly 40 years and is the president of Benchmark Resources, a California based planning and environmental consulting firm with substantial experience in the permitting of mining projects. Benchmark’s track record of success has resulted in the development of numerous environmentally sensitive and socially accepted mining projects across the state.

January 31, 2022 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) announces that it has completed the non-brokered private placement announced in its January 13, 2022, news release (the “Private Placement”).

Rise Gold raised a total of US$2,407,000 through the sale of 6,017,500 units (each a “Unit”) at a price of US $0.40 per Unit where each Unit consists of one share of common stock (a “Share”) and one share purchase warrant. Each whole warrant entitles the holder to acquire one additional Share at an exercise price of US$0.60 until January 28, 2024.

A corporate entity owned by Michael Gentile subscribed for 1,680,000 units of the financing. Michael Gentile is considered one of the leading strategic investors in the junior mining sector, owning significant top 5 stakes in over 15 small-cap mining companies. Michael is currently a strategic advisor to Arizona Metals (AMC-V) and a director of Northern Superior Resources (SUP-V), Roscan Gold (ROS-V), Radisson Mining Resources (RDS-V) and Solstice Gold (SGC-V). Michael recently co-founded Bastion Asset Management, an investment management firm based out of Montreal, Quebec.

Ben Mossman, President and CEO, stated: “We are pleased to have Michael make this investment in Rise Gold initiating a strategic relationship that will contribute to the success of the Idaho-Maryland Mine Project.”

Michael Gentile, CFA, added: “I’ve paid close attention to Rise Gold’s exploration and permitting efforts towards the re-opening of the Idaho-Maryland Mine. The historical high-grade gold production from the mine and recent exploration results are outstanding. The Idaho-Maryland Mine has significant untapped exploration upside with potential for high grade discoveries. I look forward to working with Rise as a strategic shareholder to maximize the potential of the Idaho-Maryland Mine for the benefit of all shareholders and stakeholders.”

As a result of the acquisition of 1,680,000 Units, Michael Gentile beneficially owns ~5.1% of Rise Gold’s issued and outstanding Shares and on a partially diluted basis beneficially owns ~9.8% of the Company’s issued and outstanding Shares, assuming full exercise of all of his warrants and there being no other issuance of Shares by the Company.

Certain directors of Rise Gold, directly or through entities controlled by them, purchased an aggregate of 2,075,000 Units for gross proceeds of US$830,000. The participation of each of these directors in the Private Placement constitutes a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Rise Gold is relying on exemptions from the formal valuation requirements of section 5.4 of MI 61-101 and minority shareholder approval requirements requirements of section 5.6 of MI 61-101. As the fair market value of the related parties participation is not more than 25% of Rise Gold’s market capitalization, the related party transactions are exempt from the formal valuation requirements pursuant to subsection 5.5(a) of MI 61-101 and from the minority approval requirements pursuant to subsection 5.7(1)(a) of MI 61-101. A material change report, as contemplated by the related party transaction requirements under MI 61-101, was not filed more than 21 days prior to closing as the extent of related party participation in the Private Placement was not known until shortly prior to the closing.

All securities issued pursuant to the Private Placement are subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. Under Canadian securities laws the securities are subject to a hold period expiring on May 29th, 2022. Rise Gold will use the proceeds from the Private Placement for the advancement of the Idaho-Maryland Mine Project and for general working capital.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 215, 333 Crown Point Circle
Grass Valley, CA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

Download a copy of this Press Release

January 13, 2022 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) announces that  it intends to raise up to US$2,200,000 through the issuance of up to 5,500,000 units (each a “Unit”) at a price of US$0.40 per Unit (~CDN$0.50 per Unit), with each Unit comprising one share of common stock (a “Share”) and one share purchase warrant (the “Private Placement”). Each whole warrant (a “Warrant”) entitles the holder to acquire one Share at an exercise price of US$0.60 for a period of two years from the date of issuance.

Rise Gold will use the proceeds from the Private Placement for the advancement of its Idaho-Maryland Mine Project and for general working capital. All securities issued pursuant to the Offering will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp. 

For further information, please contact:

RISE GOLD CORP
Suite 215, 333 Crown Point Circle
Grass Valley, CA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

Download a copy of this Press Release

• Independent Report by Nevada County concludes no significant air, biologic, water, vibration or noise impacts from the project
• Report represents major milestone towards approval to re-open Idaho-Maryland Mine
• Strong local support: majority of residents support the mine re-opening

January 4, 2022 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) is pleased to announce that the Nevada County government has released a much anticipated and highly favorable Draft Environmental Impact Report (the “DEIR”) for the Idaho-Maryland Mine Project (the “IMM Project”). The report’s release represents a major milestone toward the approval of the Company’s Use Permit application to reopen the historic past-producing Idaho-Maryland Gold Mine.

The independently prepared DEIR is the culmination of two years of intensive study by the Nevada County government with the support of its consultant Raney Planning & Management Inc., an experienced firm located in Sacramento[1], and contributions from many qualified technical experts and scientists. The DEIR concludes that there are no significant impacts to air quality, biological resources, water quality, groundwater, vibrations, or noise from operations from the proposed re-opening of the Idaho-Maryland mine.

The DEIR found only three significant unavoidable impacts from the project:

• Temporary construction noise from the installation of a water pipeline
• Addition of traffic to an intersection currently operating at an unacceptable level of service[2]
• Aesthetics due to noticeable changes to the existing visual character of the project sites

The Company believes that the project’s substantial economic and community benefits significantly outweigh the three unavoidable impacts identified in the DEIR.

• Construction noise from the installation of the water pipeline is a temporary daytime activity and is exempt from Nevada County’s noise regulations. The pipeline’s installation will provide a reliable water source and increased fire protection to 30 properties in the East Bennett area. Construction in public roadways is a common and necessary activity.
• The traffic intersection at Brunswick Road and Highway 174 currently operates at an unacceptable level of service and is not included in a government traffic improvement program. Any addition of traffic would be considered a significant and unavoidable impact. The Company will pay its fair share contribution to improve this intersection which will reduce costs to the county when it decides to include the intersection in its traffic improvement program.
• The County’s DEIR determined that the aesthetics impact to the two sites would be significant and unavoidable due to noticeable changes to the existing visual character of the project sites. Attractive modern buildings are proposed at the Brunswick site and numerous mature trees located on the perimeter of the Brunswick Site would be retained to provide visual shielding of aboveground project facilities and operations. The Company believes that the creation of usable flat land at the Centennial site greatly outweighs any negative aesthetic impact from the placement of engineered fill.

Preparation of the DEIR, in accordance with the California Environmental Quality Act (“CEQA”), is a major approval process milestone. A general outline of remaining milestones in the Use Permit process are as follows:

1. Draft Environmental Impact Report public comment period of 60 days;
2. After review of the public comments on the DEIR, Nevada County publishes a Final Environmental Impact Report (the “FEIR”) which will include responses to public comments;
3. The Nevada County Planning Commission holds a public hearing to consider the FEIR and makes a recommendation on project approval to the Nevada County Board of Supervisors;
4. The Board of Supervisors holds a public hearing to consider and make a final decision on the IMM Project. A majority vote of the five supervisors is required to approve the project.

The timeline to complete the Use Permit process is largely dependant on the Nevada County government. The most recent mining related EIR process completed in 2019 by Nevada County was the Boca Quarry Expansion. In that case, the Nevada County Board of Supervisors approved the project approximately five months from the release of the DEIR. Based on this recent precedent, the Use Permit process for the IMM Project could be completed by June of 2022.

The Nevada County Board of Supervisors have approved three mining projects in recent years. The Boca Quarry Expansion, a surface aggregate mine with production up to 1 million tons per year, was approved in 2019. The Greenhorn Creek Mining Expansion, a surface aggregate mine with production of up to 600,000 tons per year, was approved in 2017 and the Blue Lead Gold Mine, a surface placer gold mine with production of up to 400,000 tons per year, was approved in 2015.

A recent survey of Nevada County conducted by J. Wallin Opinion Research demonstrates strong local support for the IMM Project. A majority (59%) of respondents supported the re-opening of the Idaho-Maryland Mine with only 34% of respondents opposed. Majority support for the project is consistent across all the county’s five districts.

A summary of the Nevada County DEIR for the Idaho-Maryland Mine Project is provided in Table 1 and the entire document is available on the Nevada County website.

TABLE 1 – Summary of IMM Project DEIR

Project Design

The Idaho-Maryland Mine is a past producing gold mine which produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955.

The Idaho-Maryland Mine was the second largest lode gold producer in the United States before being forced to close under War Production Board Order L-208 during World War II. In the two years before closure, 1940 and 1941, mine production averaged 920 tons per day with an average mill head grade of 0.38 oz per ton (12.9 gpt) and 121,000 oz of gold production per year.

The Company has recently completed 67,500 feet (20,600 meters) of exploration core drilling at the IMM Project. Numerous high-grade gold intercepts have been encountered, both near the existing mine workings and to depths significantly below historic mining areas.

The Use Permit application proposes underground mining to recommence at an average throughput of 1,000 tons per day. The existing Brunswick Shaft, which extends to ~3400 feet depth below surface, would be used as the primary rock conveyance from the underground workings. A second service shaft would be constructed by raising from underground to provide for the conveyance of personnel, materials, and equipment. Gold processing would be done by gravity and flotation to produce gravity and flotation gold concentrates. Processing equipment and operations would be fully enclosed in attractive modern buildings and numerous mature trees located on the perimeter of the Brunswick Site would be retained to provide visual shielding of aboveground project facilities and operations.

The Company would produce barren rock from underground tunneling and sand tailings as part of the project which would be used for creation of approximately 58 acres of level and useable industrial zoned land for future economic development in Nevada County.

A water treatment plant and pond, using conventional processes, would ensure that groundwater pumped from the mine is treated to regulatory standards before being discharged to the local waterways.

Approximately 300 employees would be required when the mine reaches full production, the majority of which will be drawn from the local Nevada County population.

The Company believes the drilling program has been successful but cautions investors no current mineral resources or mineral reserves have been defined. The Company’s submission of an application for a Use Permit from Nevada County requires information regarding planned throughput and material quantities. The Company cautions investors that no Technical Report has been filed to support that this rate of production will be achieved. The Company has not completed a feasibility study to establish mineral reserves and therefore has not demonstrated economic viability of the IMM Project. The Company has not made a production decision for the IMM Project.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. To learn more about the company, visit www.risegoldcorp.com.

About Rise Grass Valley Inc.

Rise Grass Valley, a subsidiary of Rise Gold Corp., proposes to reinitiate underground mining and gold mineralization processing at the Idaho‐Maryland Mine in unincorporated Nevada County. State-of-the-art facilities utilizing the environmentally friendly technology will be located on the Brunswick Industrial Site. To learn more about the project and community, visit www.risegrassvalley.com.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 215, 333 Crown Point Circle
Grass Valley, CA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

Download this Press Release

[1] Raney has completed over 1,000 CEQA, NEPA, and planning-related projects, ranging from unique and complex projects necessitating the management of multi-disciplinary team of experts to publicly controversial projects requiring involvement and coordination of project stakeholders and concerned citizens. 

[2] Intersection at Brunswick Road and highway SR 174. The project would add ~10 additional vehicles to ~1015 vehicles currently traveling through this intersection during the 3:30 – 4:30 PM time period.

June 30, 2021 – Grass Valley, California, – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Corporation”) announces that all proposed resolutions were passed at the Corporations’ annual general meeting of shareholders held today’s date. Benjamin Mossman, Thomas Vehrs, Larry Lepard, John Proust, and Murray Flanigan were all elected as directors of the Corporation for the coming year and Davidson & Company LLP were re-appointed as auditors of the Corporation for the ensuing year

About Rise Gold Corp.

The Corporation is an exploration-stage mining company incorporated in Nevada, USA. The Corporation’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

333 Crown Point Circle, Suite 215
Grass Valley, CA, USA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

June 24, 2021 – Grass Valley, California, – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) is pleased to report strong public support from the Nevada County community for the re-opening of the historic Idaho-Maryland gold mine (the “IMM Project”), located on the Company’s private land in Nevada County, California.

A recent survey of Nevada County conducted by J. Wallin Opinion Research demonstrates strong local support for the IMM Project and provides insight into community issues and priorities. A majority (59%) of respondents supporting the re-opening of the Idaho-Maryland Mine with only 34% of respondents opposed. Majority support for the project is consistent across all of the County’s five districts which are each represented by an elected supervisor. According to the survey results, respondents indicated jobs and economy, wildfires, homelessness, and affordable housing were among the top issues facing the community.

Most respondents (66%) had previously heard of the IMM Project proposal. A majority of those surveyed believe that the Nevada County Board of Supervisors should approve the IMM Project (58.4%-Yes: 33.8%-No) with “YES” significantly outweighing “No” responses in all demographic groups, including district, political affiliation, gender and age.

“These survey results indicate consistently high levels of support for the Idaho-Maryland Mine Project” stated Justin Wallin, chief executive officer of J. Wallin Opinion Research. “The fact that a strong level of majority support was maintained after hearing arguments both for and against the proposed re-opening of the mine shows public support is robust and resilient.”

The survey was conducted from June 10 through June 17, 2021 with a sample size of 500 Nevada County voters. The sample was stratified, meaning that the demographic composition of the results matches the demographic composition of the region surveyed.  The survey has a margin of error of +/-4.4%.

Nevada County is currently processing the Company’s Use Permit application to authorize the reopening of the Idaho-Maryland Mine and a majority of the five elected supervisors must ultimately vote to approve the project. The project’s strong constituent support in every supervisorial district is very encouraging. The Company is awaiting the release of the Draft Environmental Impact Report (the “DEIR”) by Nevada County and remains confident that this independent scientific study will be favorable due to the modern environmentally sensitive design of the IMM Project.

The release of the DEIR will be a major milestone in the Use Permit process and the Company anticipates that it will be released this summer. The document will provide analysis and conclusions on the environmental impacts of the project based on numerous technical studies and expert review. 

A general outline of remaining milestones in the Use Permit process is outlined as follows;

1)      Draft Environmental Impact Report is published for public comment;

2)      After review of the public comments on the DEIR, Nevada County publishes a Final Environmental Impact Report (the “FEIR”) which will include responses to public comments;

3)      The Nevada County Planning Commission holds a public hearing to consider the FEIR and makes a recommendation on the IMM Project approval to the Nevada County Board of Supervisors;

4)      The Board of Supervisors holds a public hearing to consider and make a final decision on the IMM Project. A majority vote of the five supervisors is required to approve the project.

The timeline to complete the Use Permit process is largely dependant on the Nevada County government. The most recent EIR process completed in 2019 by Nevada County was the Boca Quarry Expansion. In this case, the Nevada County Board of Supervisors approved the project approximately five months from the release of the DEIR. Based on this recent precedent, the Use Permit process for the IMM Project could be completed by the end of 2021.

Project Background

The IMM Project is a past producing gold mine which produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. The IM Mine was the second largest lode gold producer in the United States before being forced to close under War Production Board Order L-208 during World War II. The mine produced a substantial amount of gold in the years before the forced closure. In the two years before closure, 1940 and 1941, mine production averaged 920 tons per day with a mill head grade of 0.38 oz per ton (12.9 gpt) and 121,000 oz of gold production per year.

The Company recently completed 67,500 feet (20,600 meters) of exploration core drilling at the IM Mine. Numerous high-grade gold intercepts have been encountered, both near the existing mine workings, and to depths significantly below historic mining areas. The Company believes its drilling program has been successful but cautions investors that no current mineral resources or mineral reserves have been defined.

The Company’s submission of an application for a Use Permit from Nevada County requires information regarding planned throughput and material quantities. The Company cautions investors that no technical report has been filed to demonstrate that this rate of production can be achieved. The Company has not completed a feasibility study to establish mineral reserves and therefore has not demonstrated economic viability of the IM Mine. The Company has not made a production decision for the IM Mine.

Project Design

The Use Permit application proposes underground mining to recommence at an average throughput of 1,000 tons per day. The existing Brunswick Shaft, which extends to ~3400 feet depth below surface, would be used as the primary rock conveyance from the underground mine. A second service shaft would be constructed by raising from underground to provide for the conveyance of personnel, materials, and equipment. Gold processing would be done by gravity and flotation to produce gravity and flotation gold concentrates. The Company would produce barren rock from underground tunneling and sand tailings as part of the project which would be used for creation of approximately 58 acres of level and useable industrial zoned land for future economic development in Nevada County. A water treatment plant and pond, using conventional processes, would ensure that groundwater pumped from the mine is treated to regulatory standards before being discharged to the local waterways.

About J. Wallin Research

Justin Wallin is a recognized expert in accurately measuring public opinion and forecasting outcomes with nearly twenty years of experience helping to develop communications strategy through opinion research. Wallin delivers strategic direction to Fortune 500 firms, governments, political candidates and campaigns, non-profit organizations, the media and other entities. Wallin is a regular guest on CNN, Fox News and BBC, has lectured at the University of Southern California, Pepperdine University, Loyola Marymount University, California State Universities and Hillsdale College and has taught both graduate and undergraduate courses. He is a featured speaker throughout the nation on matters of strategy, marketing and messaging.  

Wallin is a Fellow of the Jesse M. Unruh Institute of Politics at USC and received his MBA with an emphasis in marketing and strategy from the University of Southern California.

About Rise Gold Corp.

The Corporation is an exploration-stage mining company incorporated in Nevada, USA. The Corporation’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
333 Crown Point Circle, Suite 215
Grass Valley, CA, USA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. 

Although the Corporation believes that the expectations reflected in any forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, the impact of the COVID-19 virus and amendments to reporting and other applicable requirements as a result thereof, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release.  The Corporation undertakes no obligation to update forward-looking statements or information except as required by law.

View PDF

September 22, 2020 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Corporation”) announces that it has granted a total of 1,338,500 stock options to the Corporation’s President & CEO, Benjamin Mossman. The stock options are excisable at a price of US$0.90 (~C$1.20) per share until September 22, 2025. As announced on July 31, 2020, Mr. Mossman surrendered 1,097,298 previously issued stock options, priced between C$0.70 and C$2.40 per share (average price of C$1.25), in order to provide adequate authorized capital to facilitate the closing of the US$3,300,000 financing previously announced on July 22, 2020. View PDF

About Rise Gold Corp.

The Corporation is an exploration-stage mining company incorporated in Nevada, USA. The Corporation’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

On behalf of the Board of Directors:

Benjamin Mossman President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
333 Crown Point Circle, Suite 215
Grass Valley, CA, USA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Corporation believes that the expectations reflected in any forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, the impact of the COVID-19 virus and amendments to reporting and other applicable requirements as a result thereof, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. The Corporation undertakes no obligation to update forward-looking statements or information except as required by law.

September 22, 2020 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Corporation”) announces that it has completed the non-brokered private placement announced in its August 8, 2020 news release. The Corporation raised a total of US$250,000 through the issuance of 333,333 units (each a “Unit”) at a price of US$0.75 per Unit (CDN$1.02 per Unit), with each Unit comprising one share of common stock (a “Share”) and one-half of one share purchase warrant (the “Offering”). Each whole warrant (a “Warrant”) entitles the holder to acquire one Share at an exercise price of US$1.00 until September 21, 2022.View PDF

The Shares and any shares issued upon the exercise of any Warrants are subject to a hold period until January 22, 2021. All securities issued pursuant to the Offering are also subject to statutory hold periods in accordance with applicable United States securities laws. The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

The Corporation is an exploration-stage mining company incorporated in Nevada, USA. The Corporation’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
333 Crown Point Circle, Suite 215
Grass Valley, CA, USA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Corporation believes that the expectations reflected in any forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, the impact of the COVID-19 virus and amendments to reporting and other applicable requirements as a result thereof, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. The Corporation undertakes no obligation to update forward-looking statements or information except as required by law.

September 18, 2020 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Corporation”) is pleased to announce that its shareholders have approved an increase of the Corporation’s authorized capital, from 40,000,000 shares of common stock to 400,000,000 shares of common stock. Approximately 98% of the votes cast at the meeting were in favour of the motion. The resolution required an affirmative vote by “a majority of the voting power,” being over 50% of the Corporation’s issued and outstanding shares. View PDF

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Corporation’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
333 Crown Point Circle, Suite 215
Grass Valley, CA, USA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Corporation believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, the impact of the COVID-19 virus and amendments to reporting and other applicable requirements as a result thereof, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

September 15, 2020 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Corporation”) announces that it will participate in the 10^th Annual Beaver Creek Precious Metals Summit which will take place over three days starting Tuesday September 15^th and concluding Thursday, September 17^th. Due to the impacts of the COVID-19 pandemic the event will take place as a virtual event. View PDF

Precious Metals Summit offers the premier event that brings together the community of institutional investors, sell-side representative, and corporate executives from senior precious metals companies to meet and network with some of the most prospective producers, explorers, and developers from around the globe.

Rise Gold CEO, Benjamin Mossman, will present Thursday September 17th at 10:45 AM EST and investors can register to view the webcast at the following link.

https://wsw.com/webcast/preciousmetals/rise.cn/

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Corporation’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

On behalf of the Board of Directors:

Benjamin Mossman

President, CEO and Director

Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

333 Crown Point Circle, Suite 215

Grass Valley, CA, USA 95945

T: 530.433.0188

info@risegoldcorp.com

www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Corporation believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, the impact of the COVID-19 virus and amendments to reporting and other applicable requirements as a result thereof, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

August 7, 2020 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Corporation”) announces that a special meeting (the “Meeting”) of holders of shares of common stock of the Corporation (“Shareholders”) will be held at 10:00 a.m. PST on September 18, 2020 at the Corporation’s Vancouver office. View PDF

At the Meeting, Shareholders will be asked to pass an ordinary resolution to approve an increase of the Corporation’s authorized capital, from 40,000,000 shares of common stock with a par value of US$0.001 per share to 400,000,000 shares of common stock with a par value of US$0.001 per share, the same authorized capital as existed prior to the recently conducted reverse share split. The increase in authorized capital is necessary in order for the Corporation to, among other things, continue to raise capital in order to execute its business plan and finance its activities.

Under the Nevada Revised Statutes, pursuant to which the Corporation was incorporated, the vote will require approval of “a majority of the voting power,” being over 50% of the Corporation’s issued and outstanding shares.

The Corporation plans to mail proxy materials to Shareholders on August 28, 2020, which will contain additional details on the Meeting, including how Shareholders can submit their vote.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Corporation’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
333 Crown Point Circle, Suite 215
Grass Valley, CA, USA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Corporation believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, the impact of the COVID-19 virus and amendments to reporting and other applicable requirements as a result thereof, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

August 7, 2020 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Corporation”) announces that it intends to raise US$250,000 through the issuance of an additional 333,333 units (each a “Unit”) upon the same terms as provided for in the recently concluded private placement on July 31, 2020, with each Unit comprising one share of common stock (a “Share”) and one-half of one share purchase warrant at a price of US$0.75 per Unit (the “Private Placement”). Each whole warrant (a “Warrant”) entitles the holder to acquire one Share at an exercise price of US$1.00 for a period of two years from the date of issuance. View PDF

The issuance of the Units is contingent on the approval of an increase to the Corporation’s authorized capital from 40,000,000 shares of common stock with a par value of $0.001 per share to 400,000,000 shares of common stock with a par value of $0.001 per share. The Corporation is holding a special meeting of holders of shares of common stock to approve the increase to its authorized capital on September 18, 2020, as disclosed in a separate news release disseminated August 7, 2020.

All securities issued pursuant to the Private Placement will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Corporation’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
333 Crown Point Circle, Suite 215
Grass Valley, CA, USA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Corporation believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, the impact of the COVID-19 virus and amendments to reporting and other applicable requirements as a result thereof, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

July 31, 2020 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Corporation”) announces that it has completed the non-brokered private placement announced in its July 22, 2020 news release. The Corporation raised a total of US$3,272,875 through the issuance of 4,363,833 units (each a “Unit”) at a price of US$0.75 per Unit (CDN$1.02 per Unit), with each Unit comprising one share of common stock (a “Share”) and one-half of one share purchase warrant (the “Offering”). Each whole warrant (a “Warrant”) entitles the holder to acquire one Share at an exercise price of US$1.00 until July 31, 2022. The Corporation paid a total of US$32,576 in finder’s fees and issued a total of 43,435 finder’s warrants, where each finder’s warrant entitles the holder to acquire one Share at a price of US$1.00 until July 31, 2022. View PDF

Benjamin W. Mossman, a director and the CEO of the Corporation, acquired 40,000 Units and Lawrence W. Lepard, a director of the Corporation, acquired 133,333 Units through EMA Garp Fund, L.P., which constitutes “related party transactions” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The related party transactions are exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to subsection 5.5(a) of MI 61-101, and exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to subsection 5.7(1)(a) of MI 61-101, as the fair market value of the transactions do not exceed 25% of the Corporation’s market capitalization. A material change report as contemplated by the related party transaction requirements under MI 61-101 was not filed more than 21 days prior to the closing as Mr. Mossman’s and Mr. Lepard’s participation was only recently determined.

All securities issued pursuant to the Offering are subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. About Rise Gold Corp.

The Corporation is an exploration-stage mining company incorporated in Nevada, USA. The Corporation’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
333 Crown Point Circle, Suite 215
Grass Valley, CA, USA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Corporation believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, the impact of the COVID-19 virus and amendments to reporting and other applicable requirements as a result thereof, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. The Corporation undertakes no obligation to update forward-looking statements or information except as required by law.

July 31, 2020 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Corporation”) provides a correction to the previous news release today regarding the results of the Corporation’s Annual General Meeting. The Corporation announces that the increase to the authorized number of shares of common stock of the Corporation was not legally affected at today’s Annual General Meeting. Although 90% of shareholder votes approved this amendment to the articles only 39% of the Corporation’s shareholders participated in the annual general meeting. Under Nevada State law, in order to approve an amendment to the authorized number of common shares, a majority of the shareholders must approve the measure. All other proposed resolutions at the Annual General Meeting were passed. The Corporation will convene a special meeting as soon as possible to revote on this item. View PDF

In order to accommodate the lack of authorized capital to facilitate the closing of the US$3,300,000 financing previously announced on July 22, 2020, the Corporation’s President & CEO, Benjamin Mossman, has agreed to surrender 1,097,298 stock options priced between C$0.70 and C$2.40 per share (average price of C$1.25).

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Corporation’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

On behalf of the Board of Directors:

Benjamin Mossman President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
333 Crown Point Circle, Suite 215
Grass Valley, CA, USA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Corporation believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, the impact of the COVID-19 virus and amendments to reporting and other applicable requirements as a result thereof, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

July 31, 2020 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Corporation”) announces that all proposed resolutions were passed at the Corporations’ annual general meeting of shareholders held today’s date. Benjamin Mossman, Thomas Vehrs, Larry Lepard, John Proust, and Murray Flanigan were all elected as directors of the Corporation for the coming year, the authorized number of shares of common stock of the Corporation was increased, and Davidson & Company LLP were re-appointed as auditors of the Corporation for the ensuing year. View PDF

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Corporation’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
333 Crown Point Circle, Suite 215
Grass Valley, CA, USA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Corporation believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, the impact of the COVID-19 virus and amendments to reporting and other applicable requirements as a result thereof, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

July 22, 2020 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Corporation”) announces that it intends to raise up to US$3,300,000 through the issuance of up to 4,400,000 units (each a “Unit”) at a price of US$0.75 per Unit (~CDN$1.02 per Unit), with each Unit comprising one share of common stock (a “Share”) and one-half of one share purchase warrant (the “Offering”). Each whole warrant (a “Warrant”) entitles the holder to acquire one Share at an exercise price of US$1.00 for a period of two years from the date of issuance. View PDF

The Offering will be conducted pursuant to available prospectus exemptions including sales to accredited investors, family members, close friends and business associates of directors and officers of the Corporation, to purchasers who have obtained suitability advice from a registered investment dealer pursuant to the exemption set out in BC Instrument 45-536 (Exemption from prospectus requirement for certain distributions through an investment dealer) (the “Investment Dealer Exemption”) and to existing shareholders of the Corporation pursuant to the exemption set out in British Columbia Securities Commission BC Instrument 45- 534 (Exemption from prospectus requirement for certain trades to existing security holders) (the “Existing Shareholder Exemption”).

There is no minimum Offering size and the maximum Offering is 4,400,000 units for gross proceeds of US$3,300,000. Assuming the Offering is fully subscribed, the Corporation plans to allocate the gross proceeds of the Offering to: (i) engineering and exploration on its Idaho-Maryland Gold Project (US$2,500,000) and (ii) general working capital (US$800,000). If the Offering is not fully subscribed, the Corporation will apply the proceeds to the above uses in priority and in such proportions as the Board of Directors and management of the Corporation determine is in the best interests of the Corporation. Although the Corporation intends to use the proceeds of the Offering as described above, the actual allocation of proceeds may vary from the uses set out above depending on future operations, events or opportunities.

If the Offering is over-subscribed, subscriptions will be accepted at the discretion of the Corporation; therefore, it is possible that a subscriber’s subscription may not be accepted by the Corporation even though it is received within the Offering period unless the Corporation determines to increase the size of the Offering.

The Existing Shareholder Exemption is available to shareholders residing in all Canadian jurisdictions. Shareholders of record of the Corporation as at July 17, 2020 (the “Record Date”) are eligible to participate under the Existing Shareholder Exemption. To rely upon the Existing Shareholder Exemption, the subscriber must: a) have been a shareholder of the Corporation on the Record Date and continue to hold shares of the Corporation until the date of closing of the Offering, b) be purchasing the Shares as a principal and for their own account and not for any other party, and c) may not subscribe for more than CDN$15,000 of securities from the Corporation in any 12-month period unless they have first received advice from a registered investment dealer regarding the suitability of the investment. Existing shareholders interested in participating in the Offering should consult their investment advisor or the Corporation directly.

In accordance with the requirements of the Existing Shareholder Exemption and the Investment Dealer Exemption, the Corporation confirms there is no material fact or material change related to the Corporation which has not been generally disclosed.

The Offering may be closed in one or more tranches as subscriptions are received. There is no minimum subscription amount.

All securities issued pursuant to the Offering will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Corporation’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.

333 Crown Point Circle, Suite 215
Grass Valley, CA, USA 95945
T: 530.433.0188
info@risegoldcorp.com
www.risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Corporation believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, the impact of the COVID-19 virus and amendments to reporting and other applicable requirements as a result thereof, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

May 11, 2020 – Grass Valley, California – Rise Gold Corp. (CSE: RISE, OTCQX: RYES) (the “Company”) is pleased to announce that the Company has qualified to trade on the OTCQX® Best Market. The company’s U.S. ticker “RYES” will not change. View PDF

The OTCQX® Best Market is for established, investor-focused U.S. and international companies. To qualify for the OTCQX market, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor introduction. The companies found on OTCQX are distinguished by the integrity of their operations and diligence with which they convey their qualifications.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

 For further information, please contact:

RISE GOLD CORP.

333 Crown Point Circle, Suite 215
Grass Valley, CA, USA 95945
T: 530.433.0188
info@risegoldcorp.com

The CSE has not reviewed, approved or disapproved the contents of this news release.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the “Company”) announces the achievement of a critical milestone in the processing of the Use Permit application to Nevada County for the re-opening of the historic past-producing Idaho-Maryland Gold Mine.  View PDF

On April 28th, 2020, with a vote of 5-0, the Nevada County (“County”) Board of Supervisors approved the contract for Raney Planning & Management Inc. (“Raney”) to prepare the  Environmental Impact Report (“EIR”) and conduct contract planning services on behalf of the County for the proposed Idaho-Maryland Mine Project.

Raney will begin work immediately to review the technical studies submitted by Rise with the Use Permit application and initiate preparation of the Draft Environmental Impact Report (“Draft EIR”).

The County selected Raney after a robust bidding and selection process. A panel of County staff as well as staff from the City of Grass Valley reviewed submitted proposals independently and the two most qualified consulting firms were interviewed by the County.

Raney’s primary services include California Environmental Quality Act (CEQA) and National Environmental Policy Act (NEPA) documentation, air quality and greenhouse gas analyses, land use planning, and contract planning services. Raney has completed over 1,000 CEQA, NEPA, and planning related projects, ranging from unique and complex projects necessitating the management of a multi-disciplinary team of experts to publicly controversial projects requiring involvement and coordination of project stakeholders and concerned citizens. Raney will be supported by highly qualified sub-consultants, including West Yost Associates, a California-based firm specializing in water, groundwater and water treatment.

The details of the Use Permit application were previously discussed in the news release dated November 21st, 2019.

View Permit Application

A general outline of remaining milestones in the process to approval of the permit is outlined as follows;

1. County planning staff and Raney prepare a Draft EIR which includes holding a public scoping meeting and public comments on which issues should be covered by the EIR;
2. Draft EIR is published for public comment;
3. Raney publishes a Final EIR which includes responses to public comments on the Draft EIR; and
4. County decisionmakers review the Final EIR, certify the environmental document and consider approval of the Use Permit and Reclamation Plan at a public hearing.

The Company’s original estimate of the timeline for the Use Permit process (as previously discussed in the news release dated November 21st, 2019) is unchanged and the remaining timeline to approval ranges from December 2020 to May 2021. Ancillary construction and operational permits would follow as needed.

All technical reports required for the Draft EIR have been submitted to Nevada County.

As previously discussed in the news release dated March 17th, 2020, the submitted technical reports conclude that the Idaho-Maryland Mine Project has less than significant environmental impacts after incorporation of mitigation measures. In accordance with CEQA, Raney, the County’s 3rd party independent consultant, will peer review the technical studies and conclusions of the technical reports and prepare the Draft EIR. The Draft EIR will provide a description of existing site conditions, project operations, and how the project may impact the existing environment. Accordingly, the final judgement of the significance of impacts and mitigation measures are determined by the County in consultation with its independent consultant, Raney. Based on the results of the technical studies, the Company believes the Draft EIR will arrive at similar conclusions.

View Draft EIR

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, USA. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the “Company”) is pleased to provide an update on the application for a Use Permit to Nevada County for the re-opening of the historic past-producing Idaho-Maryland Gold Mine.  View PDF

The Company previously submitted an application for a Use Permit to Nevada County as discussed in news release dated November 21st, 2019:

View Application PDF

All technical reports required for the Draft Environmental Impact Report (“DEIR”) are now either complete or in final draft. The timeline, from the application submission in November 2019 to land use approval, is expected to range from 12-18 months.  Construction and operational permits would follow as needed.

The technical reports conclude that the Idaho-Maryland Project (“IM Project”) has no significant environmental impacts after mitigation has been incorporated. Preparation of the DEIR, in accordance with the California Environmental Quality Act (“CEQA”), is expected to commence shortly. In accordance with CEQA, the County will retain a 3rd party independent consultant to peer review the technical studies and conclusions and prepare the DEIR. The DEIR will provide a description of existing site conditions, project operations, and how the project may impact the existing conditions. Accordingly, the final judgement of the significance of impacts and mitigation measures are determined by the County in consultation with its independent consultant. However, based on the results of the technical studies, the Company believes the DEIR will arrive at a similar conclusion with no significant environmental impacts after mitigation is incorporated.

The Company’s technical reports included the participation of numerous highly qualified independent consultants and were completed over a ~9-month period at a total combined cost of over US $1 million. The strong financial condition of the Company allowed extra work to be conducted in numerous areas to bolster the conclusions. Additional work in hydrology, including the digital modelling of groundwater and robust geomorphology studies, was completed with the participation of five experts with doctorate degrees in their fields.

A summary of the results from the Company’s technical reports is provided the downloadable PDF. Documents are or will be available in the upcoming weeks on Nevada County’s website at the following link:

https://www.mynevadacounty.com/2882/Application-Documents---Rise-Grass-Valle

Several reports are in the process of submittal and will be posted in the upcoming weeks.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the “Company”) announces that the Company has completed the 1 for 10 reverse split (consolidation) of the Company’s authorized and issued shares of common stock with a par value of US$0.001 per share (the “Reverse Split”) described in its November 25, 2019 news release. The reverse split is effective immediately. Effective at the commencement of trading today, December 16, 2019, the Company will begin trading on the Canadian Securities Exchange and the OTCQB on a post consolidated basis (there is no name change or ticker symbol change in connection with the Reverse Split). The new CUSIP and ISIN are 76760M200 and US76760M2008, respectively.  View PDF

Please note that all open orders were cancelled at the end of business on December 13, 2019. Dealers are reminded to re-enter their orders taking into account the share consolidation.

A letter of transmittal with respect to the Reverse Split will be mailed to registered shareholders of the Company. All registered shareholders with physical certificates will be required to send their respective certificates representing pre consolidated common shares along with a completed letter of transmittal to the Company’s transfer agent, Capital Transfer Agency (“CTA”), in accordance with the instructions provided in the letter of transmittal. Additional copies of the letter of transmittal can be obtained through CTA. All shareholders who submit a duly completed letter of transmittal along with their respective pre consolidated common share certificate(s) to CTA, will receive a post consolidation share certificate.

Shareholders who hold their common shares through a broker or other intermediary and do not have common shares registered in their name, will not need to complete a letter of transmittal.

Capital Transfer Agency, the Company’s transfer agent, will act as exchange agent for the reverse split.  Please contact Capital Transfer Agency at info@capitaltransferagency.com or by calling (416)-350-5007.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the “Company”) announces that its Board of Directors has approved a 1-for-10 reverse split (consolidation) of the Company’s authorized and issued shares of common stock with a par value of US$0.001 per share.  It is proposed that the reverse split will be effective as of the market open on or about December 16, 2019 on the Canadian Securities Exchange (the “CSE”) and the OTCQB. No financings are contemplated in conjunction with the consolidation. 

VIEW PDF

The Company recently achieved a major milestone on the Idaho-Maryland Gold Project with the submission of a Use Permit application to Nevada County to re-open the Idaho-Maryland Mine.

VIEW PDF

With the permitting process underway, the Company intends to increase its efforts towards market awareness and believes that the consolidation may lead to greater investor interest on US and Canadian stock markets.

The reverse split will result in each outstanding ten pre-split shares of common stock automatically combining into one new share of common stock without any action on the part of shareholders.  The total number of outstanding shares of common stock will be reduced from approximately 220.5 million to approximately 22 million shares.  The Company’s authorized number of shares of common stock will also be proportionately decreased from 400 million to 40 million shares, each as a result of the reverse split and pursuant to Nevada Resided Statutes (NRS Section 78.207).  No fractional shares will be issued as a result of the reverse split as any fractional shares resulting from the reverse split will be rounded up to the nearest whole share on a “per shareholder” basis.

The Board of Directors of the Company approved the action in accordance with Nevada law (NRS Section 78.207).  No additional Company or shareholder approval is required because both the number of authorized shares of common stock and the number of outstanding shares of common stock will be proportionally reduced as a result of the reverse split, the reverse split will not adversely affect any other class of stock of the Company, and the Company will not pay money or issue scrip to shareholders who would otherwise be entitled to receive a fractional share as a result of the reverse split.

All issued incentive stock options granted by the Company and share purchase warrants issued by the Company outstanding immediately prior to the reverse split, including but not limited to, those warrants issued by the Company on September 3, 2019; August 19, 2019; July 3, 2019; March 1, 2019; November 5, 2018; October 16, 2018; September 17, 2018; August 31, 2018; April 18, 2018; January 3, 2018; and December 27, 2017, respectively, will be appropriately adjusted by dividing the number of shares of common stock into which the options and warrants are exercisable or convertible by 10, and multiplying the exercise or conversion price thereof by 10, as a result of the reverse split.

The reverse split will not impact any shareholders percentage ownership of the Company or voting power, except for the minimal effects resulting from the treatment of fractional shares. The Company’s shares of common stock will continue to trade in Canada on the CSE under the symbol “RISE” and in the United States on the OTCQB under the symbol “RYES.” The shares will trade under a new CUSIP Number 76760M 200. Capital Transfer Agency, the Company’s transfer agent, will act as exchange agent for the reverse split.  Please contact Capital Transfer Agency at info@capitaltransferagency.com or by calling (416)-350-5007.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the “Company”) is pleased to announce that it has submitted an application for a Use Permit to Nevada County to allow the re-opening of the Idaho-Maryland Gold Mine (the “IM Mine”). The Company is fully financed to complete the County permitting process.  View PDF

Background

The IM Mine is a past producing gold mine which produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955.1

The IM Mine was the second largest lode gold producer in the United States before being forced to close under War Production Board Order L-208 during World War II. The mine produced a substantial amount of gold in the years before the forced closure. In the two years before closure, 1940 and 1941, mine production averaged 920 tons per day with a mill head grade of 0.38 oz per ton (12.9 gpt) and 121,000 oz of gold production per year.

The Company has recently completed 67,500 feet (20,600 meters) of exploration core drilling at the IM Mine. Numerous high-grade gold intercepts have been encountered, both near the existing mine workings and to depths significantly below historic mining areas.

The Company believes it drilling program has been successful but cautions investors no current mineral resources or mineral reserves have been defined. The Company’s submission of an application for a Use Permit from Nevada County requires information regarding planned throughput and material quantities. The Company cautions investors that no technical report has been filed to support that this rate of production can be achieved. The Company has not completed a feasibility study to establish mineral reserves and therefore has not demonstrated economic viability of the IM Mine. The Company has not made a production decision for the IM Mine.

Project Design

The Use Permit application proposes underground mining to recommence at an average throughput of 1,000 tons per day. The existing Brunswick Shaft, which extends to ~3400 feet depth below surface, would be used as the primary rock conveyance from the IM Mine. A second service shaft would be constructed by raising from underground to provide for the conveyance of personnel, materials, and equipment. Gold processing would be done by gravity and flotation to produce gravity and flotation gold concentrates. Processing equipment and operations would be fully enclosed in attractive modern buildings and numerous mature trees located on the perimeter of the Brunswick site would be retained to provide visual shielding of aboveground project facilities and operations.

The Company would produce barren rock from underground tunneling and sand tailings as part of the project which would be used for creation of approximately 58 acres of level and useable industrial zoned land for future economic development in Nevada County.

A water treatment plant and pond, using conventional processes, would ensure that groundwater pumped from the mine is treated to regulatory standards before being discharged to the local waterways.

Detailed studies by professionals in the fields of civil and electrical engineering, biology, hydrology, cultural resources, traffic, air quality, human health, vibration, and sound have guided the designs of the project.

Approximately 300 employees would be required if the mine reaches full production.

Nevada County Use Permit

The application and permitting process are being managed by Benchmark Resources, a California based planning and environmental consulting firm with substantial experience in the permitting of mining projects. Benchmark’s track record of success has resulted in the development of numerous environmentally sensitive and socially accepted mining projects across the state.

The IM Mine Property is 100% owned by the Company and located on private land in Nevada County, California. As a result, the Project is subject to the Nevada County Land Use and Development Code. Subsurface mining and aboveground processing is an allowed use subject to County approval of a Use Permit. The Company will also be required to obtain approval of a Reclamation Plan, variance, and rezone from the County for any surface component of the underground mining operation before mining operations can commence.

In order to approve the requested entitlements, the County must satisfy the requirements of the California Environmental Quality Act (“CEQA”).  CEQA requires that the County study the environmental impacts of any discretionary action, disclose the impacts to the public, and mitigate unavoidable impacts to the extent feasible.  CEQA is triggered whenever a California governmental agency is asked to approve a discretionary project. The project application will require an Environmental Impact Report (“EIR”).

A general outline of milestones in the process to approval of the permit is outlined as follows;

1)    County reviews application and hires a 3rd party environmental consultant;
2)    County’s consultant prepares a Draft EIR;
3)    Draft EIR is published for public comments;
4)    County’ s consultant publishes a Final EIR including responses to comments; and
5)    County decisionmakers review the Final EIR and consider approval of the Use Permit and Reclamation Plan at a public hearing.

The timeline from application to land use approval is expected to range from 12-18 months.  Construction and operational permits would follow as needed.

The Company will provide further information, updates, and details throughout the process.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine produced 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the “Company”) announces that it has closed the US$1 M debt financing with Eridanus Capital LLC previously announced in its August 20th, 2019 news release. Eridanus Capital LLC is an affiliate of Myrmikan Capital, LLC, which operates in the gold and silver junior mining sector.  View PDF

The Loan Principal of US$1,000,000 may be used for engineering, permitting, and working capital at the Idaho-Maryland Gold Project and is secured against the assets of the Company.

The Loan has a term of 2 years. Interest will be accrued at an annual interest rate of 10% and be paid along with the Principal on the Maturity Date. The total repayment at the Maturity Date will be US$1,200,000.

The Lender will be issued 11,500,000 share purchase warrants as consideration for advancing the Loan. Each warrant entitles the holder to acquire one Share of the Company at an exercise price of C$0.10 for a period of three years from the date of issuance.  The warrants and any securities issued upon exercise of the warrants are subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.

The Company has the option, at its sole discretion, to extend the repayment of the loan up to an additional 2 years past the Maturity Date. If the Company exercise its rights to extend repayment, the annual interest rate would increase to 20% in year 3 and 25% in year 4. The Company also has the option, at its sole discretion, to repay the loan before the 2-year Maturity Date. If the Company exercises its right of early repayment, the minimum interest charge will be US$200,000.

The Company announces it will not proceed with the final C$500,000 tranche of the Equity Financing previously announced on August 20th, 2019. The Company previously closed a total of C$3,933,619, which has fully closed with all funds received, in two tranches of the Equity Financing as announced on August 20th and July 11th, 2019.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past-producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the “Company”) announces that Mr. Lawrence Lepard has been appointed as a director of the Company. View PDF

Mr. Lepard runs Equity Management Associates, LLC, an investment partnership which has focused on investing in precious metals since 2008.

Prior to EMA, Mr. Lepard spent 25 years as a professional investor and venture capitalist.  From 1991 to 2004 he was one of two Managing Partners at Geocapital Partners in New Jersey which managed six venture capital partnerships, the last of which was $250 million. Geocapital was very active in technology, software and computer investing and invested heavily in the internet starting in 1993.  Geocapital was the lead investor in Netcom, Inc., the first internet service provider to complete an IPO in 1996.  Prior to Geocapital Mr. Lepard spent 7 years as a General Partner at Summit Partners in Boston, MA.  Summit is a large venture capital and private equity firm.  He was employee number 4, joining 1 year after Summit was launched.  Mr. Lepard holds an MBA with Academic Distinction from Harvard Business School and a BA in Economics from Colgate University.

The Company announces the grant of 7,512,840 stock options to employees and directors of the Company pursuant to the terms of the Company’s Stock Option Plan. The options are exercisable at C$0.07 per share for a period of five (5) years and expire on August 22, 2024.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past-producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the “Company”) announces that it has increased the size of the non-brokered private placement previously announced in its July 3, 2019 news release from C$1,750,000 to C$4,500,000 through the issuance of up to 64,285,714 units (each a “Unit”) at a price of C$0.07 per Unit, with each Unit comprising one share of common stock (a “Share”) and one-half of one share purchase warrant (the “Private Placement”). Each whole warrant (a “Warrant”) entitles the holder to acquire one Share at an exercise price of C$0.10 for a period of three years from the date of issuance.  View PDF

The Company previously announced the first closing of the Private Placement on July 11th for a total of C$725,769 through the sale of 10,368,131 Units.

The Company has closed a second tranche of the Private Placement for a total of C$3,207,850 through the sale of 45,826,435 Units. Warrants issued in the second tranche may be exercised until August 19, 2022. The Company has paid finders fees in accordance with CSE policies of C$7,837 and issued a total of 111,960 finder’s warrants, each finder’s warrant entitling the holder to acquire one Share at a price of C$0.10 until August 19, 2022.

All securities issued pursuant to the Private Placement are subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. Rise Gold will use the proceeds from the Private Placement for the advancement of its Idaho-Maryland Gold Project and for general working capital.

The Company announces that it has entered into a non-binding letter of intent with Eridanus Capital LLC (the “Lender”) for a US$1,000,000 loan (the “Loan”). The Loan has a term of 4 years and an annual interest rate of 10% for the first two years increasing to 20% in year 3 and to 25% in year 4.  Interest will accrue and be paid along with the principal upon the maturity date. The Lender will be issued 11,500,000 bonus share purchase warrants as additional consideration for advancing the Loan. Each warrant entitles the holder to acquire one Share of the Company at an exercise price of C$0.10 for a period of three years from the date of issuance. The Loan may be repaid prior to the maturity date, in whole or in part, provided that all accrued interest is paid.  In addition, if total interest payments are less than $200,000 (two years’ interest), the difference will be paid to the Lender as prepayment compensation. The Loan will be secured against the assets of the Company and its subsidiary and will be used for permitting, engineering and working capital at the Company’s Idaho Maryland Gold Project.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the “Company”) announces that it has completed the first tranche of the non-brokered private placement announced in its July 3, 2019 news releases (the “Financing”).   View PDF

In this tranche, Rise Gold raised a total of C$725,769 through the sale of 10,368,131 units (each a “Unit”) at a price of C$0.07 per Unit where each Unit consists of one share of common stock (a “Share”) and one-half of one share purchase warrant. Each whole warrant entitles the holder to acquire one additional Share at an exercise price of C$0.10 until July 3, 2022.

All securities issued pursuant to the Private Placement are subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. Rise Gold will use the proceeds from the Financing for the advancement of its Idaho-Maryland Gold Project and for general working capital.

Benjamin W. Mossman, a director and the CEO of Rise Gold, acquired 714,286 Units, which constitutes a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The related party transaction is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to subsection 5.5(a) of MI 61-101, and exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to subsection 5.7(1)(a) of MI 61-101 as the fair market value of the transactions do not exceed 25% of the Rise Gold’s market capitalization. A material change report as contemplated by the related party transaction requirements under MI 61-101 was not filed more than 21 days prior to the closing as Mr. Mossman’s participation was only recently determined.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

Benjamin Mossman, P.Eng, CEO of Rise Gold, is the qualified person for the technical disclosure contained in this news release.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the “Company”)  announces that it intends to raise up to C$1.75 million through the issuance of up to 25,000,000 units (each a “Unit”) at a price of C$0.07 per Unit, with each Unit comprising one share of common stock (a “Share”) and one-half of one share purchase warrant (the “Private Placement”). Each whole warrant (a “Warrant”) entitles the holder to acquire one Share at an exercise price of C$0.10 for a period of three years from the date of issuance.  View PDF

The Offering will be conducted pursuant to available prospectus exemptions including sales to accredited investors, family members, close friends and business associates of directors and officers of the Corporation, to purchasers who have obtained suitability advice from a registered investment dealer pursuant to the exemption set out in BC Instrument 45-536 (Exemption from prospectus requirement for certain distributions through an investment dealer) (the “Investment Dealer Exemption”) and to existing shareholders of the Corporation pursuant to the exemption set out in British Columbia Securities Commission BC Instrument 45- 534 (Exemption from prospectus requirement for certain trades to existing security holders) (the “Existing Shareholder Exemption”).

There is no minimum Offering size and the maximum offering is 25,000,000 units for gross proceeds of C$1,750,000.  Assuming the Offering is fully subscribed, the Corporation plans to allocate the gross proceeds of the Offering to: (i) engineering and permitting on its Idaho-Maryland Gold Project (C$1,300,000) and (ii) general working capital (C$450,000).

If the Offering is not fully subscribed, the Corporation will apply the proceeds to the above uses in priority and in such proportions as the Board of Directors and management of the Corporation determine is in the best interests of the Corporation.  Although the Corporation intends to use the proceeds of the Offering as described above, the actual allocation of proceeds may vary from the uses set out above depending on future operations, events or opportunities.

If the Offering is over-subscribed, subscriptions will be accepted at the discretion of the Corporation; therefore, it is possible that a subscriber’s subscription may not be accepted by the Corporation even though it is received within the Offering period unless the Corporation determines to increase the size of the Offering.

The Existing Shareholder Exemption is available to shareholders residing in all Canadian jurisdictions.  Shareholders of record of the Corporation as at July 1, 2019 (the “Record Date”) are eligible to participate under the Existing Shareholder Exemption.  To rely upon the Existing Shareholder Exemption, the subscriber must: a) have been a shareholder of the Corporation on the Record Date and continue to hold shares of the Corporation until the date of closing of the Offering, b) be purchasing the Shares as a principal and for their own account and not for any other party, and c) may not subscribe for more than $15,000 of securities from the Corporation in any 12 month period unless they have first received advice from a registered investment dealer regarding the suitability of the investment.  Existing shareholders interested in participating in the Offering should consult their investment advisor or the Corporation directly.

In accordance with the requirements of the Investment Dealer Exemption, the Corporation confirms there is no material fact or material change related to the Corporation which has not been generally disclosed.

The Offering may be closed in one or more tranches as subscriptions are received.  There is no minimum subscription amount.

All securities issued pursuant to the Private Placement will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. Rise Gold will use the proceeds from the Private Placement for the advancement of its Idaho-Maryland Gold Project and for general working capital.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

At the request of the Investment Industry Regulatory Organization of Canada, Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the “Company”) is pleased to provide a range of gold grades for the Initial Exploration Target previously disclosed and clarifications to our news release dated June 28th, 2019 for the Idaho-Maryland (“I-M”) Gold Project.  View PDF

View June 28 News Release PDF

A range of grades for the Initial Exploration Target is presented in Table 1. The Initial Exploration Target is between 2,280,000 – 3,410,000 tons (2,068,000 – 3,094,000 tonnes) of mineralized material with grades ranging from 0.19 – 0.30 oz per ton gold (6.5 – 10.3 grams per tonne) and containing 432,000 – 1,019,000 oz gold.

TABLE 1 – Initial Exploration Target Summary

The Company clarifies that the Initial Exploration Target is only “conceptual in nature” and it is not an “estimate” of mineral resources. The Company retracts the use of the word “estimate” in conjunction with the calculation of the Initial Exploration Target.

The Company cautions investors that the potential quantities and grades of the Initial Exploration Target are conceptual in nature and there has been insufficient exploration to define a mineral resource. The exploration target therefore does not represent, and should not be construed to be, an estimate of a mineral resource or mineral reserve. It is uncertain if further exploration will result in the target being delineated as a mineral resource.

The Company included photographs of selected core intervals in its previous news release. The Company cautions investors that photos of these selective intervals are of high-grade gold mineralization and are not representative of the average mineralization hosted on the property.

The Company has commenced engineering work to support an application for a Use Permit from Nevada County which will include an application for full commercial mining with onsite mineral processing. The Company will prepare design work necessary to support permit applications in order to advance the project. This engineering work requires assumptions in regard to planned throughputs and mining methods.

The Company cautions investors that no technical report has been filed to support that this rate of production can be achieved or that certain mining methods will be economic or successful.

The Company has not made a production decision at the Idaho-Maryland Gold Project at this time. The Company cautions that projects put into production without first establishing mineral reserves, supported by a technical report, and completion of a feasibility study have a much higher risk of economic and/or technical failure.

The Company noted in its previous news release that broken “ore” inventory in historic shrinkage stopes was excluded from the Initial Exploration Target. The Company retracts the use of the word “ore” for this material. “Ore” is a restricted term only to be used when referencing mineral reserves. No mineral resources or reserves have been delineated on the property. It is uncertain if this broken rock may be recoverable in the future.

The Company previously provided information regarding the mineral potential to depth below and excluded from the Initial Exploration Target. The Company believes that these drill intercepts are important. However, the Company cautions investors that these deep intercepts are at great distances from the existing underground working of the Idaho Maryland Mine and the Initial Exploration Target and the potential and significance of these deep drill intersections are unknown at this time.

Benjamin Mossman, P.Eng, CEO of Rise Gold, is the qualified person for the historic production disclosure and Initial Exploration Target contained in this news release. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic Idaho-Maryland Gold Mine located in Nevada County, California, USA. Past production of the Idaho-Maryland for the period from 1866 to 1955 is estimated at 2,414,000 oz of gold at an average mill head grade of 17 gpt gold. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the “Company”) is pleased to announce the successful completion of the initial surface exploration drilling program, the estimation of a significant Initial Exploration Target based on recent exploration drilling, and the Company’s strategy to advance the Idaho-Maryland (“I-M”) Gold Project towards the re-opening of the mine.  View PDF

The Company has completed 19 drill holes, totalling 20,584 meters, over the past 20 months in the Company’s initial surface exploration drilling program at the Idaho-Maryland Gold Project.

Drilling has confirmed the presence of significant extensions of previously mined veins and structures. Numerous high-grade gold intercepts have been encountered, both near the existing mine workings and to depths of over 1 km below historic mining areas.

The Company has calculated an Initial Exploration Target based on Rise Gold’s exploration drill results supported by historic data from the Idaho-Maryland Gold Project. The initial target represents the mineralized material in close proximity to and accessible from the existing mine workings that can be readily drilled from surface and/or underground to define a mineral resource.

The Initial Exploration Target provides a basis for the engineering required to permit and plan for the re-opening of Idaho-Maryland Mine. The Company is now focusing its resources on engineering work to advance the project. The Company has temporarily curtailed surface exploration drilling.

The Company has commenced engineering work to support an application for a Use Permit from Nevada County to allow the following activities:

1. Dewatering of the underground mine workings.
2. Underground exploration drilling.
3. Full commercial mining with onsite mineral processing at the historic throughput of 1,000 tons per day.

Information on regulatory and environmental aspects of the Idaho-Maryland Gold Project was previously released on May 17, 2019¹.

The Initial Exploration Target is estimated to range between 2,280,000 tons – 3,410,000 tons of mineralized material, as detailed in Table 1. Approximately 50% of the mineralized material is hosted in wide zones, estimated to average ~29 feet (9 m) in true width, and potentially amenable to high productivity sub level long hole mining methods. The remaining mineralized material is estimated to average ~10 feet (3 m) in true width and would likely require more selective mining methods such as cut and fill mining.

The grade of this mineralized material cannot reliably be estimated without more extensive sampling. However, Rise Gold’s drill core assays in conjunction with historic geological information show high grade gold values similar to grades that were encountered in historic operations at the Idaho-Maryland Mine.

Past production of the Idaho-Maryland for the period from 1866 to 1955 is estimated at 2,414,000 oz of gold at an average mill head grade of 0.50 oz per ton (17 grams per tonne) gold. Over the five years from 1937-1941 before the mine was forced to shutdown during WWII, the mine produced an average of 941 tons per day at an average head grade of 0.34 oz per ton (11.6 grams per tonne) and 116,000 oz gold per year².

The Company cautions investors that the potential quantity and grade of the Initial Exploration Target is conceptual in nature and there has been insufficient exploration to define a mineral resource. The exploration target therefore does not represent, and should not be construed to be, an estimate of a mineral resource or mineral reserve. It is uncertain if further exploration will result in the target being delineated as a mineral resource.

The Initial Exploration Target is derived from Rise Gold’s drill intercepts where geology can be correlated to historic workings. Many of Rise Gold’s recent drill intercepts are excluded from the estimate until further drilling can allow the full and reliable interpretation of this data. An exceptionally high gold intercept encountered below the modeled exploration target in drill hole I-18-10 was excluded from the Initial Exploration Target. This interval assayed 4.35 oz per ton gold over 22.4 feet and included 63.85 oz per ton gold over 1.5 ft. This high-grade interval may represent a new and significant high-grade discovery but further drilling in this area is required to understand the orientation and nature of the mineralization.

¹
View Technical Regulatory and Environmental Aspects PDF

²
View Estimate of Historic Gold PDF

Numerous known veins shown by historic drilling and mapping, pillars, and broken ore inventory in historic shrinkage stopes are excluded from the Initial Exploration Target. The Company believes there is significant potential in these tertiary targets that will be best targeted, in the future, from underground.

The large mineral potential to depth, as described in Rise Golds news release dated May 21st 2019³, is not included in the Initial Exploration Target and justifies extensive exploration. The Company believes that the potential for gold mineralization to depth is very significant and that it may be possible to delineate resources similar to or greater than the past production achieved at the Idaho-Maryland Mine.

TABLE 1 – Initial Exploration Target Summary

³
View Rise Gold Intersects High Grade Gold PDF

FIGURE 1 – Location of Areas Included in Initial Exploration Target

IDAHO #2 VEIN & RECENT DRILL RESULTS

Recent drill hole I-19-14A provided important geological information to prepare a substantial exploration target estimate for a portion of the Idaho #2 Vein. This zone of mineralization is estimated to have a true width of ~33 ft (10 m) and range in size from 540,000 – 800,000 tons.

Drill hole I-19-14A assayed 1.4 gpt gold over 14.9 m (0.04 oz per ton / 49.1 ft) including 6.2 gpt gold over 1.9 m (0.18 oz per ton / 6.3 feet).

Information from Drill hole I-19-14A provides geological context to previous intersections and historic information in this area of the Idaho #2 Vein. Drilling shows two important veins of the Idaho #2 zone which should be composited into a single zone.

Therefore, the previously released intersection for this area from drill hole I-19-13A is restated as 27.1 gpt gold over 14.8 m (0.79 oz gold per ton over 48.7 feet) with a true width of 14.1 m (46.4 ft). All drill hole intersections in this area of the Idaho #2 Vein are shown in Table 3.

A diabase dike is consistently present in the hanging wall of the mineralized zone. A gold-quartz vein is present immediately adjacent to the diabase (hanging wall vein). A second vein is separated from the hanging wall vein by approximately 18 ft (the center vein). The rock between the two veins is intensely altered and contains persistent but lower grade gold values. A weaker vein (footwall vein), occurs at a distance of approximately 20 ft from the center vein.

Historic drill hole I-2800-5 shows a similar style of mineralization with a hanging wall, center, and footwall vein. The historic operator did not assay the mineralized material between the veins and therefore 31 feet of the 63-foot mineralized interval in historic drill hole I-2800-5 is assigned a zero-gold grade.

Drill hole I-19-13 and I-19-13A are closely spaced, approximately 1.5 m (5 ft) apart, and show consistent geology but differ in grade substantially due to the coarse nature of the gold occurrence in this zone. For example, a section of the center vein in I-19-13A assayed 458 gpt gold over 0.81 m (13.35 oz per ton gold / 2.7 feet) and showed coarse gold in the retained half of the drill core as shown in Figure 2. The corresponding sample from I-19-13 assayed 12.5 gpt gold over 0.85 m (0.36 oz per ton gold / 2.8 feet). Rise Gold geologists inspected the retained half core from the corresponding I-19-13 interval and noted gold just below the surface of the drill core. This retained sample was split and revealed coarse gold present (shown in Figure 3), which may have resulted in a much higher assay if the entire core was submitted for assay.

Drill hole I-19-14A intersected the Idaho #2 Vein ~25.9 m (~85 feet) north of the mineralized intervals in drill holes I-19-13 and I-19-13A.

Drill hole I-19-14 intersected the Idaho #2 Vein 19.8 m (~65 feet) north of I-19-14A. The vein shows a sharp change in strike in this location, mirroring the historic drifting above on the I2700 level, and results in a significant decrease in vein widths, intensity of alteration, and gold grades. Based on historic records from the I2700 level above, it is suspected that gold grades may improve as the strike of the Idaho #2 Vein turns towards the Idaho #3 Vein, approximately 70 m (230 ft) north of the I-19-14 intercept.

FIGURE 2 – Visible Gold in Drill Intercept I-19-13A (in retained half core)
(Assayed 13.35 oz per ton / 2.7 feet)

FIGURE 3 – Visible Gold in Drill Intercept I-19-13 (in retained half core)
(Assayed 0.36 oz per ton / 2.8 feet)

INITIAL EXPLORATION TARGET

The Company prepared an estimate of potential tonnages for a number of exploration targets where recent drill results can be correlated with historic geology and operational data. Each zone was modelled using Rise Gold’s drill hole information along with historic mapping and historic drilling where it was available. To account for uncertainty in geometry, a low case value of 67% of the base case value is presented in the exploration target summary. The historic mineralized material density of 12 ft3 / ton was used for tonnage estimates.

The Initial Exploration Target only includes mineralization above the B3280 level which is the lowest level of the existing historic mine. Rise Gold has drilled several important intersections much deeper than the B3280 level which suggests important gold mineralization extends well below the B3280 level. The historic operator also anticipated that gold mineralization continued well below the B3280 level and invested significant capital to upgrade the mine hoist and was actively sinking the shaft towards the 5000 ft level below surface. The historic operator reached a depth of 3470 ft below surface when the mine was forced to close in 1942.

Drawings showing the location and geometry of the zones included in the Initial Exploration Target can be downloaded from the following link. All drawings are in imperial units and shown in mine grid coordinates. The mine grid uses an elevation of 10,000 ft as the datum for sea level. Mine grid north is similar to true north.

https://riseg.sharefile.com/d-s59c224538744036b

The estimated dimensions used for the calculation of the Initial Exploration Target is displayed in Table 2. Drill intersections used for the modelling of the Initial Exploration target are displayed in Table 3 through Table 5. Important Rise Gold drill intersections which were excluded from the Initial Exploration Target are presented in Table 6.

TABLE 2 – Estimated Dimensions for Initial Exploration Target

TABLE 3 – Rise Gold & Historic Drill Intersections within Idaho #2 Initial Exploration Target

TABLE 4 – Historic Drill Intersections & Channels within Idaho #1 Initial Exploration Target

TABLE 5 – Drill Intersections within Brunswick Initial Exploration Target

TABLE 6 – Important Rise Gold Drill Intersections Excluded from the Initial Exploration Target

Quality Control and Assay Methods

Richard Lippoth, M.Sc, Reg. SME, the qualified person for the exploration drill results disclosure contained in this news release, has studied the drill core discussed in this news release and has reviewed the analytical and quality control results. Mr. Lippoth has reviewed and approved the scientific and technical contents of this news release.

Benjamin Mossman, P.Eng, CEO of Rise Gold, is the qualified person for the historic production disclosure and exploration target estimate contained in this news release. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

Rise has implemented a quality control program for its drill program to ensure best practice in the sampling and analysis of the drill core. This includes the insertion of blind blanks, duplicates and certified standards. HQ- and NQ-sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual mineralization, and alteration. The remaining half of the core is stored on-site at the Company’s warehouse in Grass Valley, California. Drill core samples are transported in sealed bags to ALS Minerals analytical assay lab in Reno, Nevada.

All gold assays were obtained using a method of screen fire assaying. This procedure involves screening a large pulverized sample of up to 1 kg at 100 microns. Any +100 micron material remaining on the screen is retained and analyzed in its entirety by fire assay with gravimetric finish and reported as the Au (+) fraction result. The –100 micron fraction is homogenized and two sub-samples of 30-50 grams are analyzed by fire assay with AAS finish. If the grade of the material exceeds 10 gpt the sample is re-assayed using a gravimetric finish. The average of the two results is taken and reported as the Au (-) fraction result. All three values are used in calculating the combined gold content of the plus and minus fractions.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic Idaho-Maryland Gold Mine located in Nevada County, California, USA. Past production of the Idaho-Maryland for the period from 1866 to 1955 is estimated at 2,414,000 oz of gold at an average mill head grade of 17 gpt gold. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the “Corporation”) is pleased to announce that all proposed resolutions were passed at the Corporation’s annual general meeting of shareholders held today’s date.  View PDF

Benjamin Mossman, Thomas Vehrs, John Proust and Murray Flanigan were all elected as directors of the Corporation for the coming year and Davidson & Company LLP were re-appointed as auditors of the Corporation for the ensuing year.

Newly elected, Mr. Flanigan is a management consultant providing financial advisory services to a number of public and private oil and gas, mining and technology companies in North America and abroad. Mr. Flanigan is a Chartered Accountant and a Chartered Financial Analyst with expertise in corporate finance, mergers and acquisitions, international taxation, risk management, banking, treasury, corporate restructuring and accounting, and has served as Chief Financial Officer for various public and private companies. Mr. Flanigan is currently a Managing Principal of Kepis & Pobe Financial Group Inc. and a key member of its executive management team responsible for the negotiation and closing of numerous recent large scale oil & gas transactions in West Africa, offshore Guyana and the Middle East. Prior to founding his own consulting company, Mr. Flanigan served as Senior Vice President, Corporate Development and CFO of Qwest Investment Management Corp., where he was responsible for regulatory reporting and corporate filings for over 15 private and publicly listed companies and limited partnerships in Qwest's portfolio, as well as arranging and closing numerous equity and debt financings. Mr. Flanigan also served as VP Corporate Development for Adelphia Communications Corporation, overseeing the company's financial restructuring and ultimate sale to Time Warner Inc. and Comcast Corporation for approximately US$18 billion.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic Idaho-Maryland Gold Mine located in Nevada County, California, USA. Past production of the Idaho-Maryland for the period from 1866 to 1955 is estimated at 2,414,000 oz of gold at an average mill head grade of 17 gpt gold. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

• New drill intercept in Idaho #1 Vein assays 46.3 gpt gold / 1.07 m (1.35 oz per ton / 3.5 ft) within broader interval assaying 9.4 gpt gold over 5.94 m
• New intercept ~600 m downdip of Idaho 2400 level, the lowest level of exploration on Idaho #1 Vein, confirming exploration target for the Idaho #1 Vein with dimensions of 600 m x 600 m and remaining open-to-depth
• Recent drilling and re-interpretation of prior drill hole I-19-13 suggest an additional major exploration target on the Idaho #2 Vein with dimensions of 1,000 m x 1,400 m
• Assays pending for drill holes I-19-14 & I-19-14A

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the “Company”) is pleased to announce additional assay results from on-going diamond core drilling at the Idaho-Maryland (“I-M”) Gold Project.  VIEW PDF

The exploration drill program at the Idaho-Maryland continues to intercept high-grade gold mineralization in multiple vein structures downdip from historic workings. Recent drilling intersected the Idaho #1 Vein ~600 m downdip of the Idaho 2400 level.

The new intercept from drill hole I-19-12B confirms a large exploration target on the Idaho #1 Vein with dimensions of approximately 600 m on strike and 600 m downdip.

TABLE 1 – New Drill Hole Intercept I-19-12B

*The Company is not able to estimate true widths for the intersected mineralization until further drilling is completed.

High-grade gold mineralization was encountered in drill hole I-19-12B which assayed 46.3 gpt gold over 1.07 m (1.35 oz per ton over 3.5 feet), including a higher grade interval of quartz veining with visible gold assaying 111 gpt gold over 0.37 m (3.24 oz per ton over 1.2 ft). The high-grade mineralization was included within a broader zone of gold mineralization assaying 9.4 gpt over 5.94 m (0.27 oz per ton / 19.5 ft).

Rise Gold has interpreted this intercept to represent a down-dip extension of the historic Idaho #1 Vein. Similar to the geology of the historic Idaho #1 Vein, the mineralized zone encountered in I 19-12B is located between a diabase dike on the hanging wall and the ankeritized serpentinite unit in the footwall. It differs from the historic vein in that it is composed of a group of closely spaced narrow quartz veins hosted in volcanic andesite approximately 25 meters from the serpentinite contact whereas the historic vein was noted to be directly on the contact. This contact appears to be an important ore control for the Idaho #1 Vein mineralization.

A large exploration target on the Idaho #1 Vein is now defined by:

• Historic mining of high-grade mineralization above the Idaho 2000 level.
• Historic mapping and sampling of high-grade gold mineralization on both the Idaho 2400 west and east levels. Both levels were noted to be in mineralization at the mine’s shutdowns in 1942 and 1955.
• Previous drill hole I-18-11 which intersected significant gold mineralization above and to the west of drill hole I-19-12.
• New drill hole intercept I-19-12B, located ~600 m downdip from the Idaho 2400 level
• The target remains open-to-depth.

The Idaho #1 Vein was the most productive and highest-grade vein of the I-M Mine. Historic production from the Idaho #1 Vein is estimated at 935,000 oz of gold with an average head grade of 38.7 gpt (1.12 opt) gold.  Total historic production from the combined Idaho veins is estimated at 1,621,000 oz of gold with an average head grade of 28.4 gpt (0.74 opt) gold.

Two holes were wedged from the previous drill hole I-18-12. Drill hole I-19-12A was prematurely abandoned due to the larger than expected depth to the target; drill hole I-19-12B was wedged and drilled at a more favorable orientation and successfully intersected the Idaho #1 Vein.

A summary of drill hole assay results from I-19-12B on the Idaho #1 Vein target are presented in Table 1. Figures 1 and 2 illustrate the recent drill intercepts with respect to the Idaho vein targets.

FIGURE 1 – Idaho Veins Intercepts and Exploration Target – Long Section Looking NE

FIGURE 2 – Idaho #1 Vein Intercepts and Exploration Target – Isometric View

Idaho #2 Vein - Reinterpretation of intercepts from I-19-13 and I-19-13A

The Company previously disclosed high-grade gold mineralization in drill holes I-19-13 & I 19 13A by news release dated March 19th, 2019:

• The vein in I-19-13 assayed 5.5 gpt gold over 5.12 m (0.16 opt / 16.8 ft).
• The vein in I-19-13A assayed 90.4 gpt gold over 4.27 m (2.64 opt / 14.0 ft).

Read March 19th News Release PDF

Subsequent drilling has revealed that these intercepts are on the Idaho #2 Vein rather than on the Idaho #1 Vein.
Recent drill holes I-19-14 & I-19-14A both intersected significant quartz veining and alteration in association with the Idaho #2 Vein system. Assays for these holes are pending and will be released as received.

The reinterpretation of the mineralization in drill holes I-19-13 and I-19-13A as the Idaho #2 Vein has important implications for exploration and resource potential:

• The Idaho #2 Vein and the 52 Vein are now interpreted to be the same vein structure making it a more significant exploration target than previously believed.
• Drilling and historic mapping indicate a strike length of the Idaho #2 Vein of up to 550 m at the elevation of holes I-19-13 & I-19-14.
• Rise Gold’s drill holes through this area have consistently intersected the Idaho #2 Vein along this strike length. These results were previously disclosed as the 52 Vein with assays as high as 149 gpt over 6.8 meters.
  View PDF
• Previous deep intercept from Rise drill hole B-18-05, which assayed 23.7 gpt gold over 4.5 m, may represent a downdip extension of either the Idaho #2 Vein or possibly the Idaho #3 Vein. The intercept in B-18-05 would be ~1,400 m downdip from a projection of the Idaho #2 Vein.
  View PDF
• The Idaho #2 Vein in conjunction with the Idaho #3 presents an exploration target of ~1,000 m along strike and ~1,400 m downdip. This is exclusive of the Idaho #1 target previously discussed.
• The untested Idaho #5 Vein is parallel and behind the Idaho #3 Vein and could likely be tested with the same holes targeting the Idaho #3 Vein.

Figure 3 displays recent drill intercepts on the Idaho #2 Vein, the possible correlation with drill hole B-18-05, and the exploration target for the Idaho #2 and Idaho #3 veins.

FIGURE 3 – Idaho #2 Vein Intercepts and Exploration Target – Isometric View

Cymoid Loops and New Linking Vein on Idaho #1

Recently drilling has revealed changes in the structural relationships of the Idaho veins at depth.

Current interpretations indicate that the Idaho Mine is comprised of a series of linked veins or “cymoid loops”.

This is a common structural feature in Grass Valley gold deposits and important for discovery and definition of the high-grade gold ore shoots. The Idaho #3 ore shoot was discovered in 1929 by following the Idaho #2 (Dorsey Vein) into the footwall of the #1 Vein.

The sequence of Idaho veins in the historic production levels can be followed in order from the Morehouse to the Idaho #5 Vein as shown in Figure 4.

FIGURE 4 – Idaho Vein Structures at Upper Level of Historic Mining – Plan View

Recent drilling has revealed that the Idaho #2 Vein has become a major mineralized structure at depth and is no longer a linking vein between the #1 and #3 Veins.  Deep drill holes in the Idaho #1 suggest that there may be a new linking vein structure which may join the Idaho #1 Vein to the Idaho #3 or #5 Vein, as shown in Figure 5. Historic mapping on the lowest level of the mine supports this interpretation with the Idaho #5 Vein shown moving behind the Idaho #3 Vein.

The Idaho #5 Vein has not been tested to-date but there is potential for major ore shoots to form on this structure in addition to the targets on the Idaho #1, #2, and #3 Veins. Continued exploration drilling will further develop the relationships between the multiple mineralized structures at the Idaho-Maryland Mine, lead to the discovery of new mineralized ore shoots, and further outline the overall resource potential of the property.

FIGURE 5 – Idaho Vein Structures at Depth – Plan View

Quality Control and Assay Methods

Richard Lippoth, M.Sc, Reg. SME, the qualified person for the exploration drill results disclosure contained in this news release, has studied the drill core discussed in this news release and has reviewed the analytical and quality control results. Mr. Lippoth has reviewed and approved the scientific and technical contents of this news release.

Benjamin Mossman, P.Eng, CEO of Rise Gold, is the qualified person for the historic production disclosure contained in this news release. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

Rise has implemented a quality control program for its drill program to ensure best practice in the sampling and analysis of the drill core. This includes the insertion of blind blanks, duplicates and certified standards. HQ- and NQ-sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual mineralization, and alteration. The remaining half of the core is stored on-site at the Company’s warehouse in Grass Valley, California. Drill core samples are transported in sealed bags to ALS Minerals analytical assay lab in Reno, Nevada.

All gold assays were obtained using a method of screen fire assaying. This procedure involves screening a large pulverized sample of up to 1 kg at 100 microns. Any +100 micron material remaining on the screen is retained and analyzed in its entirety by fire assay with gravimetric finish and reported as the Au (+) fraction result. The –100 micron fraction is homogenized and two sub-samples of 30-50 grams are analyzed by fire assay with AAS finish. If the grade of the material exceeds 10 gpt the sample is re-assayed using a gravimetric finish. The average of the two results is taken and reported as the Au (-) fraction result. All three values are used in calculating the combined gold content of the plus and minus fractions.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic Idaho-Maryland Gold Mine located in Nevada County, California, USA. Past production of the Idaho-Maryland for the period from 1866 to 1955 is estimated at 2,414,000 oz of gold at an average mill head grade of 17 gpt gold. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the “Company”) is pleased to provide information regarding technical, regulatory, and environment aspects of the Idaho-Maryland (“I-M”) Gold Project (“Project”). VIEW PDF

Exploration drilling is ongoing and results from recently completed holes will be announced pending finalization of assay results. Visible gold has been noted in several of the veins intersected.

The Idaho-Maryland Gold Mine, located entirely on private land, was once the second largest lode gold producer in the entire United States with a total past production of 2,414,000 oz of gold at an average mill head grade of 0.5 oz per ton (17.1 gpt) from 1866-1955 and production rates of up to 129,000 oz of gold per year.[1]

The major vein systems include:

Idaho #1: past production of 935,000 oz gold at a mill head grade of 1.12 oz per ton (38.6 gpt)

Idaho #3: past production of 686,000 oz gold at a mill head grade of 0.60 oz per ton (20.4 gpt)

Brunswick: past production of 793,000 oz gold at a mill head grade of 0.27 oz per ton (9.3 gpt)

The Company strongly believes that the I-M Gold Project has the potential to once again become a significant producing gold mine.

The Company acquired and invested significant capital into the Project because Nevada County is a superior mining jurisdiction with respect to mineral resource potential and political and regulatory risk.

In conjunction with its ongoing and successful exploration drill program, the Company has been investigating various aspects of the Project in relation to future permitting for commercial mining. This work has further reinforced the Company’s confidence that a major underground gold mine could be permitted and built in a timely manner with a predictable outcome.

Land Title

The Property consists of mineral rights on 10 parcels, including 55 subparcels, totaling 2,800 acres (1,133 hectares) with all mineral rights being contiguous below 200 ft (61 m) of surface.

Mineral rights pertain to all minerals, gas, oil and mineral deposits of every kind and nature beneath the surface of all such real property, together with all necessary and convenient rights to explore for, develop, produce, extract and take the same, subject to the express limitation that the fore-going exception and reservation shall not include any right of entry upon the surface of said land, as expressed in the recorded Quitclaim Deed.[2]

The company owns 175 acres of M-1 Light Industrial zoned private surface land. The Company believes this surface land would be sufficient to re-open the Idaho-Maryland Mine.

Existing Infrastructure

The Idaho-Maryland Gold Project has important infrastructure in place which would be beneficial to re-opening of an underground mine.

The New Brunswick vertical shaft is believed to be in good condition and extends to 3,400 ft below surface. A concrete shaft bin remains in place, although the headframe and hoist have been removed. The previous headframe was 135 ft in height and designed to accommodate hoisting of 2,000 tons per day from 5,000 ft depth. The previous hoist used 6 ton skips at a hoisting rate of 1,250 ft per minute. The historic hoist capacity is likely sufficient for a new operation but could be augmented by increasing hoisting speed or skip capacity.

The shaft has stations at thirteen levels from the B580 to the B3280 levels. Skip loading pockets are present on six major levels at the B1300, B1450, B1600, B1880, B2300, and B3280 levels. It is believed that most tunnels in the volcanic rocks of the Brunswick Mine should be in relatively good condition due to the geotechnical characteristics of this unit. There are numerous tunnels on each level which can be re-used and provide close access to numerous zones of known high-grade gold mineralization.

The Rise Gold property adjacent to the New Brunswick shaft previously hosted a major commercial lumber mill and 55,000 ft² of industrial buildings. All buildings have subsequently been removed. The Property has a leveled area of approximately 40 acres and a large water-recycle pond which was constructed in 1988. The pond has a surface area of approximately 3.7 acres and a design capacity of approximately 40 acre-feet. Records indicate that the pond is lined with a 2 ft layer of clay and was designed by a registered civil engineer.

Conceptual Project Design

The Company has evaluated various aspects related to the potential reopening of the mine in the future.

A general description of a conceptual project design, at similar production levels as historically achieved, is provided as follows:

1. Deep underground mine with production below 1,000 ft from surface.
2. Throughput of +1,000 tons per day, the historic production rate at shutdown in 1942.
3. High-grade gold mine. Scheduling mining of highest-grade gold mineralization available preferentially.
4. Re-use of New Brunswick vertical mine shaft. Shaft is from surface to 3,400 ft depth.
5. Construction of new headframe at New Brunswick shaft.
6. Construction of a second shaft from underground to surface, constructed in segments using Alimak raising or raise boring. Second shaft to be used as a service shaft and secondary escape and extend to the B3280 level.
7. Construction of two ventilation raises by raise boring from surface to the B900 level to allow mechanized mining.
8. Construction of new mineral process plant on surface producing gold concentrates using gravity and flotation concentration methods.
9. Cemented paste backfilling of underground voids.
10. Filtered (dry) sand-tailings and crushed rock to be used as engineered fill. No liquid tailings or tailings dams.

Zoning Regulations

The Property is located on private land in Nevada County, California and is therefore subject to the Nevada County Land Use and Development Code (“the Code”).

Subsurface Mining is an allowed use subject to approval of a Use Permit.[3]

Surface work incidental to an underground mine is an allowed use in M1 districts subject to approval of a Use Permit and Reclamation Plan and where the property is zoned ME.[4]

Nevada County Use Permitting

It is anticipated that Nevada County would be the lead agency responsible for processing and approval of a commercial mining operation at the I-M Gold Project.

Although other permits from other government agencies would be required, the Use Permit from Nevada County is the only discretionary permit required.

Nevada County processes numerous Use Permits every year, averaging 10-12 new applications per year.

Nevada County has a recent track record of approving and granting Use Permit’s for mining projects, including:

Newmont Mining Corporation – North Star Water Treatment Facility
Use Permit granted in 2015.
Discharge of treated mine water from the underground North Star Mine into Wolf Creek
https://www.mynevadacounty.com/1102/North-Star-Water-Treatment-Facility

Hansen Brothers Greenhorn Creek Mining Expansion
Use Permit granted in 2017.
Expansion of sand and gravel mine located within and on the banks of Greenhorn Creek

https://www.mynevadacounty.com/597/Hansen-Brothers-Greenhorn-Creek-Mining-E

Blue Lead Gold Mine
Use Permit granted in 2015.
Open pit gold mine with 74 acres of surface disturbance
https://www.mynevadacounty.com/DocumentCenter/View/15226/Blue-Lead-Mine-Public-Hearing-PDF?bidId=

Previous Permitting by Emgold

Emgold Mining Corporation previously held a lease on the I-M Project and engaged in several permitting efforts in relation to the Project.

In 1995 they successfully completed and received a Use Permit for the dewatering of the I-M Mine. This permit was un-used and subsequently expired in 2001.[5]

In 2005, Emgold commenced permitting of a large-scale ceramic tile manufacturing and underground mine at the I-M Project. Emgold proposed a 2,400 ton per day shallow underground room and pillar mine (starting at 500 ft below ground surface) in the meta-andesite volcanic rocks to provide feed stock for ceramic tile manufacturing. The factory was proposed to be annexed into the City of Grass Valley and the City was the lead agency for the project.

The only significant and unavoidable impact identified in the Environmental Impact Report (“EIR”) was air quality emissions[6] related to the intensive use of energy to manufacture ceramic tiles from the volcanic rocks mined underground. The proposed ceramic tile manufacturing would have used 2.3 billion ft³ of natural gas per year at the full production rate (18.5 MW) [7].

Emgold may have succeeded in permitting its proposed ceramic tile manufacturing and underground mine; however, they ran out of funds necessary for the processing of the Final EIR.[8]

Emgold enjoyed strong public support for their proposed project. In 2006, an independent opinion poll showed 72 percent of Grass Valley residents in favor of the project and only 12 percent not in favor.[9]

Rise Gold Corp has no interest in ceramic tile manufacturing and therefore the air quality effects of ceramic tile manufacturing have no relevance to the I-M Gold Project.

Employment and Economy in Project Area

The Company estimates a 1,000 tpd selective mining operation at the I-M would require ~300 direct employees. The mining industry has an indirect multiplier of ~3.9, meaning that 3.9 additional jobs are created from every direct job. [10] Using this factor, total employment created can be estimated at 1,500 persons, the majority of which would be in Nevada County.

The I-M Project is in an area of depressed economic conditions with high unemployment and poverty rates and thereby classified as a Qualified Opportunity Zone Tract. In the area surrounding the I-M Property, the unemployment rate is reported at 13.5% with a poverty rate of 31.3%. The adjacent tract area, including the City of Grass Valley, is reported to have an unemployment rate 10.7% with a poverty rate of 23.3%[11]. The average unemployment rate in United States is currently 3.8% with a poverty rate of 12.3%[12], [13]. Grass Valley has a population of ~13,000 and Nevada County has a population of ~100,000 people.

Mine Water Discharge

The Company’s consultant has conducted detailed sampling in the New Brunswick Shaft of the water currently flooding the I-M Mine. The primary constituents of interest in the water samples are iron and manganese which are found at concentrations of approximately 1,600 micrograms per liter and 270 micrograms per liter, respectively.

The water quality of mine water discharge is subject to waste discharge requirements set forth in General Order R5-2016-0076[14]. The General Order NPDES permit is advantageous as an individual NPDES discharge permit would not be required, resulting in a predictable outcome for permitting, along with significant time and cost savings.

The water quality requirements under the General Order are similar or identical to California drinking water quality standards.

The Company’s consultant performed bench scale tests which show the mine water can be effectively treated by aeration followed by filtration through a manganese dioxide filter. This is a simple and common water treatment method. The post-treatment water quality would meet or exceed the General Order requirements and California drinking water quality standards.

The Company has evaluated several discharge locations and believes a discharge of treated mine water to Wolf Creek would result in a predictable permitting outcome. Wolf Creek has large flows year-round of approximately 22,000 gpm. Wolf Creek is the point of discharge for numerous users included the Nevada Irrigation District, Grass Valley Waste Water (sewage) Plant and Newmont Mining’s North Star mine water discharge. Newmont was recently granted a permit to discharge treated mine water into Wolf Creek (2015) using a passive water treatment system. Newmont’s approved water discharge is to the same creek and water quality criteria as would be proposed at the Idaho-Maryland.

The historic groundwater inflow into the I-M Mine has been estimated to be in the range of 500 – 1,200 gpm [15] and therefore would be insignificant in comparison to the current flow in Wolf Creek.

Ground Water Hydrology

Exploration drilling has shown the mineralized veins at the I-M Project are hosted in competent meta-andesite volcanic rocks. The hard rock lithology is relatively impermeable, and mine dewatering is not anticipated to have a significant effect on ground water levels.

Hydraulic conductivity decreases by several orders of magnitude (i.e. factors of 10) with depth. Shallower depths have higher hydraulic conductivity where more fractures are prevalent. As depth increases fractures may be either less common or have smaller aperture (open) widths. As reported by Todd Engineers (2007), hydraulic conductivity values greater than 1.0 gallon per day per square foot (gpd/ft²) are generally found in wells shallower than 200 ft deep. In wells deeper than 620 ft, no hydraulic conductivity values greater than 0.1 gpd/ft² were identified, and most values were less than 0.01 gpd/ft². [16]

The impermeable nature of the volcanic rocks and vein fractures is demonstrated at the Union Hill Mine. The Union Hill Mine is not connected but is in close proximity to the Brunswick Mine. During historic operations, the Brunswick Mine workings were completely dewatered while the Union Hill Mine was flooded to within 20 ft from surface [17]. The historical evidence shows that the dewatered mine working of the Brunswick Mine had very little or no effect on the water level in the Union Hill Mine. The Brunswick Mine workings were driven on the same fractures which hosted the veins and within a proximity as close as 135 ft. The mines remain hydraulically unconnected with the water level in the Union Hill Mine currently 165 ft above the water level in the Brunswick Mine.

Historically, there were concerns about several dozen domestic water wells surrounding the Brunswick Mine underground workings. The Company’s consultants are currently engaged in a detailed study of the local groundwater hydrology. The Company does not anticipate significant impacts to groundwater from the dewatering of the mine. In addition, the Company could provide an extension of the potable water utility to this area at a relatively minor cost, which would guarantee that water supply to near-by residents would not be interrupted. An Environmental Impact Report for dewatering the I-M Mine, which studied hydrogeology in detail, was previously completed and Nevada County previously approved the Use Permit for the dewatering of the I-M Mine [18].

The Idaho-Maryland Mine has been flooded and successfully dewatered multiple times in its history. Previous dewatering was done without the advantage of modern pumps. There is no reason to expect significant difficulty in dewatering the underground workings.

Mineral Processing

Extensive historical information is available on mineral processing at the I-M Mine. Historic gold recovery of 96% was achieved at a coarse grind of ~80% passing 190 micron. Most gold was recovered by gravity (~67%) and the remainder by flotation which produced a concentrate averaging 3.9 oz gold per ton (134 gpt) [19].

Historically, the I-M Mine produced gold dore on site. Due to the high value of the concentrate, the Company does not believe it necessary to produce dore onsite which would eliminate any need to use cyanide leaching. The Project would therefore not use cyanide and would not use mercury.

The mineralized veins at the I-M Project contain only minor sulphides, primarily pyrite, and the great majority of sulphide minerals would be shipped offsite in the gold concentrate.

Geochemistry

Extensive sampling of the historic tailings on the Company’s Centennial Industrial Site was undertaken by previous operators. All fifty samples taken from historic tailings show no elements of concern environmentally. Arsenic values range from <5 to 33 ppm with an average of 9 ppm. Kinetic testing by previous operators in 2010 shows the historic tails and the meta-andesite volcanic rock to be non-acid generating and non-metal leaching.

Some materials on the Centennial Site have elevated arsenic which are likely derived from historic custom milling of ore delivered from other mine sites. The Company is currently preparing plans to clean up these materials to re-develop the site as usable industrial real estate.

Rise is currently conducting geochemical test work on rock samples derived from its exploration drill core. Trace elements from 40 samples in the meta-andesite volcanic unit show no elements of environmental concern. Arsenic values range from 0.3 to 13.1 ppm with an average of 2.7 ppm. Sulphur values range from 0 to 0.5% with an average of 0.15%.

Tailings/Rock Storage

The Company envisions that the processing plant would include a paste backfill plant with approximately 50% of the finest tailings being used as underground backfill. The remaining sand-tailings would consist of de-sulphurized fine sand with a minimum grain size of ~100 microns.

Barren rock from tunnelling in the meta-andesite volcanic rocks would be skipped to surface and crushed. The crushed stone and sand could be combined to produce an engineered fill with no environmental concerns.

There is area available on the Company’s land holdings which could be substantially improved by placement of fill to create additional usable industrial land. The Company’s own lands could utilize at least 10 years of engineered fill should the mine be put into production at the historic rate of 1000 tons per day.

Noise

The Company is confident that noise from a commercial mining operation at the Brunswick Site can be mitigated to a level below the zoning requirements for Nevada County. Surface components of the project would be enclosed in engineered insulated buildings. Enclosure allows for the containment of noise and a predictable result at the property boundaries. During the current exploration drilling program, the Company has achieved excellent noise mitigation from the use of sound insulation and noise walls, reducing noise levels from 90 decibels at the drill head to less than 50 decibels at its property boundaries and consistently within compliance of the County noise regulations.

Traffic

An underground mining project would not generate a significant amount of traffic. The Brunswick Site is adjacent to Brunswick Road. This road is a major local roadway with an estimated 15,000 average daily trips [20]. Any traffic generated from the I-M Project would be insignificant in comparison to the current use of these major roads. Brunswick road provides a direct connection to two State highways, Hwy 49 to the north and Hwy 174 to the south of the I-M Project property.

Blasting Vibrations

The prediction of blasting vibrations is a well-developed science and blasting designs will produce predictable vibration results.

The Company is confident that an economic solution for underground blasting designs at various depths and locations will result in no significant impacts. In addition, the company expects that blasting vibrations will be well below the levels considered to be distinctly perceptible by persons on surface.

Human responses to vibrations induced from blasting are related to the peak particle velocity (PPV) (intensity of motion) and the exposure time. The particle velocity is related to the distance from the source (D) and the charge weight per delay (W).

Blasting vibrations (PPV) decrease exponentially with distance and therefore distance has a large effect on vibrations resulting from blasting. [21]

The potential areas of blasting at the I-M Project would occur at depth and over short durations, with entire blasts typically done within seconds and only occur two or three times per day.

Modern blasting allows exceptional flexibility to reduce the charge weight per delay. If necessary, the precision of electronic detonators allows each hole of an underground blast to be on a separate delay timing and the timing of holes can be very close together, typically within 25 milliseconds. Charge weights per delay can therefore be significantly reduced versus conventional detonators.

A technical study for blasting vibrations was previously prepared for Emgold which provides useful information in regard to the potential impacts of blasting vibrations. It should be noted that Emgold planned to drive a ramp from surface and therefore would have blasted close to surface whereas Rise Gold does not anticipate any significant gold mineralization or blasting to be done above 1,000 ft below ground surface and the majority of mineralization is below 1,600 ft.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

Benjamin Mossman, P.Eng, CEO of Rise Gold, is the qualified person for the technical disclosure contained in this news release.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

[1] AMEC Foster Wheeler Americas Limited. Technical Report on the Idaho-Maryland Project. June 2017.

[2] AMEC Foster Wheeler Americas Limited. Technical Report on the Idaho-Maryland Project. June 2017.

[3] Nevada County Land Use and Development Code Section L-II 3.21 http://qcode.us/codes/nevadacounty/view.php?topic=3-ii-3-l__24&frames=on

[4] Nevada County Land Use and Development Code Section L-II 3.22 http://qcode.us/codes/nevadacounty/view.php?topic=3-ii-3-l__24&frames=on

[5] AMEC Foster Wheeler Americas Limited. Technical Report on the Idaho-Maryland Project. June 2017.

[6] Environmental Science Associates. Idaho-Maryland Mine Project, Environmental Impact Report. Oct 2008.

[7] AMEC Americas Limited. Preliminary Assessment Technical Report Idaho-Maryland Mine. November 2004.

[8] https://docs.wixstatic.com/ugd/6bd037_6d5eedf818f74c31a7d47dbbc1cc05ac.pdf

[9] https://docs.wixstatic.com/ugd/6bd037_ab6143bb765f4aa785d9c8350ca0c542.pdf

[10] https://www.epi.org/publication/updated-employment-multipliers-for-the-u-s-economy/

[11] https://www.cims.cdfifund.gov/preparation/?config=config_nmtc.xml

[12] https://www.bls.gov/news.release/pdf/empsit.pdf

[13] https://www.census.gov/quickfacts/fact/table/US/PST045218

[14] https://www.waterboards.ca.gov/rwqcb5/board_decisions/adopted_orders/general_orders/r5-2016-0076.pdf

[15] Environmental Science Associates. Idaho-Maryland Mine Project, Environmental Impact Report. Oct 2008.

[16] Todd Engineers. Hydrogeologic Assessment Idaho-Maryland Mine. August 2007.

[17] Clark, Jack. Gold in Quartz ‐ The Legendary Idaho Maryland Mine. 2005.

[18] https://www.northernminer.com/news/emperor-lands-grass-valley-permit/1000095829/

[19] AMEC Foster Wheeler Americas Limited. Technical Report on the Idaho-Maryland Project. June 2017.

[20] AMEC Foster Wheeler Americas Limited. Technical Report on the Idaho-Maryland Project. June 2017

[21] Revey, Gordon. Blasting Impacts Assessment for Proposed Idaho-Maryland Mine Report. June 2006.

• New drill intercept in Idaho Vein assays 90.4 gpt gold / 4.27 m (2.6 oz per ton / 14.0 ft)
• New drill intercept includes 458 gpt gold over 0.81 m (13.4 oz per ton / 2.7 ft)
• Additional drilling targeting Idaho #1 Vein currently in progress
• Multiple 52 Vein intersections assayed up to 15.4 gpt gold over 1.63 m (0.45 opt / 5.3 ft)
• A shallow vein near surface assayed 8.5 gpt gold over 2.88 m (0.25 opt / 9.4 ft)

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the “Company”) is pleased to announce additional assay results from on-going diamond core drilling at the Idaho-Maryland (“I-M”) Gold Project.  View PDF

The exploration drill program at the Idaho-Maryland continues to be successful. Recent drilling intersected the Idaho #1 Vein below historic mining areas and intersected the 52 Vein area prior to reaching the Idaho #1 Vein target. A shallow vein was also intersected at 259 m.

TABLE 1 – New Drill Hole Intercept Highlights

Very high-grade gold mineralization was encountered in drill hole I-19-13A which assayed 90.4 gpt gold over 4.27 m (2.6 oz per ton / 14 feet). Rise Gold has interpreted this intercept to represent a significant down-dip extension of the historic Idaho #1 Vein. The intercept in I-19-13A is near the elevation of the lowest haulage level of the mine accessed by the existing vertical mine shaft.

FIGURE 1 – Visible Gold in Drill Intercept I-19-13A (in retained half core)

The Idaho #1 Vein was the most productive and highest-grade vein of the I-M Mine. Historic production from the Idaho #1 Vein is estimated at 935,000 oz of gold with an average head grade of 38.7 gpt (1.12 opt) gold.  Total historic production from the Idaho Veins is estimated at 1,621,000 oz of gold with an average head grade of 28.4 gpt (0.74 opt) gold.

Idaho #1 Vein Drilling

The mineralized intercepts in drill holes I-19-13 and I-19-13A consist of a quartz shear vein and extensive zones of quartz-sericite-pyrite alteration in the walls of the vein.

• Drill hole I-19-13A was wedged from drill hole I-19-13 and the holes are offset approx. 1.5 meters apart at the vein intersection
• The vein in I-19-13 assayed 5.5 gpt gold over 5.12 m (0.16 opt / 16.8 ft)
• The vein in I-19-13A assayed 90.4 gpt gold over 4.27 m (2.64 opt / 14.0 ft)
• The weighted average of both holes is 44.1 gpt gold over 4.69m (1.29 opt / 15.4 ft)
• I-19-13A includes a sample which assayed 458 gpt gold over 0.84 m (13.36 opt / 2.7 ft)
• The vein in I-19-13A contains coarse visible gold in some samples of retained half core
• A 40 m wide zone of alteration surrounds the vein with an average grade of ~1.5 gpt gold and individual samples assaying up to 12 gpt gold

Drill hole I-18-11 intersected the Idaho #1 Vein approx. 525 m along strike to the north-west and 200 m below I-19-13A. The intercept consists of a quartz shear vein and extensive zones of quartz-sericite-pyrite alteration in the walls of the vein.

• The vein in I-18-11 assayed 3.6 gpt gold over 2.47 m (0.11 opt / 8.1 ft)
• A 100 m wide zone of alteration surrounds the vein with an average grade of ~1.1 gpt gold and individual samples assaying up to 8 gpt gold
• Additional drilling in the area of I-18-11 may reveal coarse gold similar to I-19-13A

Drill hole I-18-13A and I-18-11 are located 120 m and 320 m vertically below the I2400 level, the lowest level of exploration on the Idaho #1 Vein. Historic drifts were driven from each end of the vein and reported to be in gold mineralization at the time the mine was shut down.

• I2400L West: historic channel samples of the vein and wallrock averaged 19.9 gpt gold over 1.93 m (0.58 opt / 6.4 ft) for a distance of 165 m to the final shutdown face
• Channel samples include assays up to 481 gpt gold over 1.16 m (14.0 opt / 3.8 ft)
• I2400L East: drifting in the Idaho #1 Vein was reported to be “well mineralized” over a distance of 76 m to the final shutdown face

Drill hole I-18-12 was designed to test the down-dip extension of the mineralization encountered in I-18-11 but significantly deviated and did not reach the intended Idaho #1 Vein target.

Rise Gold is currently drilling the Idaho #1 Vein target between I-19-13A and I-18-11 and utilizing directional drilling to improve the accuracy of drilling and expedite the next intercepts.

A summary of drill hole assay results from recent exploration diamond drilling on the Idaho #1 Vein target are presented in Table 1 and illustrated in Figure 2. A photo of coarse visible gold in drill hole I-19-13A is displayed in Figure 1.

The Isometric drawing (Figure 2) showing the recent drill hole intercepts in the Idaho area can be downloaded from the following link.

https://riseg.sharefile.com/d-s8bc52c537474e41a

FIGURE 2 – Idaho Vein Intercepts – Isometric View

52 Vein Area Drilling

Drill holes I-18-11 and I-18-12 drilled though the 52 Vein area en route to the Idaho #1 Vein target.

Important gold mineralization related to the 52 Vein was intersected in drill holes I-18-11 & I-18-12.  The 52 Vein intercepts are located approximately 242 m and 125 m north-east of the previous drill intercept in drill hole I-18-10.

A similar style of mineralization to I-18-10 was encountered with a wide flat lying shear vein and high-grade extensional veins in the walls of vein.

Drill hole I-18-10 assayed 149.3 gpt gold over 6.8 m, including 2,190 gpt gold over 0.47 m and was previously reported by news release on Dec 13th 2018.

View December 13th News Release PDF

The current drill program is focussed on the Idaho #1 Vein target and therefore the 52 Vein intercepts are incidental to the Idaho #1 Vein drilling. The 52 Vein represents a large and compelling target for a focussed drilling program in the future.

A summary of drill hole assay results from recent exploration diamond drilling on the 52 Vein target are presented in Table 1 and illustrated in Figure 3.

FIGURE 3 – 52 Vein Intercepts – Plan View

Quality Control and Assay Methods

Richard Lippoth, M.Sc, CPG, the qualified person for the exploration drill results disclosure contained in this news release, has studied the drill core discussed in this news release and has reviewed the analytical and quality control results. Mr. Lippoth has reviewed and approved the scientific and technical contents of this news release.

Benjamin Mossman, P.Eng, CEO of Rise Gold, is the qualified person for the historic production disclosure contained in this news release. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

Rise has implemented a quality control program for its drill program to ensure best practice in the sampling and analysis of the drill core. This includes the insertion of blind blanks, duplicates and certified standards. HQ- and NQ-sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual mineralization, and alteration. The remaining half of the core is stored on-site at the Company’s warehouse in Grass Valley, California. Drill core samples are transported in sealed bags to ALS Minerals analytical assay lab in Reno, Nevada.

All gold assays were obtained using a method of screen fire assaying. This procedure involves screening a large pulverized sample of up to 1 kg at 100 microns. Any +100 micron material remaining on the screen is retained and analyzed in its entirety by fire assay with gravimetric finish and reported as the Au (+) fraction result. The –100 micron fraction is homogenized and two sub-samples of 30-50 grams are analyzed by fire assay with AAS finish. If the grade of the material exceeds 10 gpt the sample is re-assayed using a gravimetric finish. The average of the two results is taken and reported as the Au (-) fraction result. All three values are used in calculating the combined gold content of the plus and minus fractions.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (“Rise Gold”) announces that it has completed the non-brokered private placement announced in its February 15, 2019 and February 20, 2019 news releases (the “Financing”).  View PDF

In this tranche, Rise Gold raised a total of C$1,827,472 through the sale of 18,274,724 units (each a “Unit”) at a price of C$0.10 per Unit where each Unit consists of one share of common stock (a “Share”) and one-half of one share purchase warrant. Each whole warrant entitles the holder to acquire one additional Share at an exercise price of C$0.13 until March 1, 2021.

Rise Gold paid finders’ fees in accordance with CSE policies of a total of C$19,950 and issued a total of 199,500 finder’s warrants, each finder’s warrant entitling the holder to acquire one Share at a price of C$0.13 until March 1, 2021.

All securities issued pursuant to the Private Placement are subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.  Rise Gold will use the proceeds from the Financing for the advancement of its Idaho-Maryland Gold Project and for general working capital.

In conjunction with the closing of the final tranche, a total of 10,049,724 Units have been issued to Yamana Gold Inc. (TSX: YRI; NYSE: AUY) (“Yamana”), through its wholly-owned subsidiary Meridian Jerritt Canyon Corp. (the “Acquiror”), upon conversion of the principal amount and accrued interest of the convertible debenture described in Rise Gold’s February 15, 2019 news release (the “Debenture”). Following conversion of the Debenture, the Acquiror owns 27,549,724 Shares and warrants to purchase an aggregate of 13,774,862 Shares, representing approximately 16.77% of Rise Gold’s issued and outstanding Shares on a non-diluted basis, and approximately 23.21% of Rise Gold’s issued and outstanding Shares on a partially diluted basis, assuming the exercise of the warrants held by the Acquiror. Yamana is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas including Canada, Brazil, Chile and Argentina.

Prior to the conversion of the Debenture, the Acquiror was to deemed to own up to 28,115,200 Shares and warrants to purchase an aggregate of 14,057,600 Shares, representing approximately 17.95% of Rise Gold’s issued and outstanding Shares on a non-diluted basis, and approximately 24.71% of Rise Gold’s issued and outstanding Shares on a partially diluted basis, assuming the exercise of the warrants held by the Acquiror. While the Acquiror currently has no plans or intentions with respect to the Rise Gold securities, the Acquiror may develop such plans or intentions in the future and, at such time, may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the Shares, warrants or other securities of Rise Gold based on market conditions, general economic and industry conditions, trading prices of Rise Gold’s securities, Rise Gold’s business, financial condition and prospects and/or other relevant factors.

A copy of the early warning report filed by the Acquiror will be available under Rise Gold’s profile on SEDAR at www.sedar.com or by contacting Sofia Tsakos, Senior Vice President, General Counsel and Corporate Secretary at 416-815-0220. The Acquiror’s head office is located at Royal Bank Plaza, North Tower, 200 Bay Street, Suite 2200, Toronto, ON, M5J 2J3.

Benjamin W. Mossman, a director and the CEO of Rise Gold, acquired 200,000 Units, which constitutes a “related party transaction” under Multilateral Instrument 61 101 Protection of Minority Security Holders in Special Transactions (“MI 61 101”).  The related party transaction is exempt from the formal valuation requirements of Section 5.4 of MI 61 101 pursuant to subsection 5.5(a) of MI 61 101, and exempt from the minority approval requirements of Section 5.6 of MI 61 101 pursuant to subsection 5.7(1)(a) of MI 61 101 as the fair market value of the transactions do not exceed 25% of the Rise Gold’s market capitalization.  A material change report as contemplated by the related party transaction requirements under MI 61-101 was not filed more than 21 days prior to the closing as Mr. Mossman’s participation was only recently determined.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. Rise Gold’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.  Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (“Rise Gold”) announces that further to its news release dated February 15, 2019 announcing its intention to raise up to C$2.0 million through the issuance of up to 20,000,000 units at a price of C$0.10 per Unit, with each Unit comprising one share of common stock and one-half of one share purchase warrant (the “Offering”), the Corporation wishes to make additional Canadian prospectus exemptions available for wider participation by investors in the Offering.  View PDF

The Offering will be conducted pursuant to available prospectus exemptions including sales to accredited investors, family members, close friends and business associates of directors and officers of the Corporation, to purchasers who have obtained suitability advice from a registered investment dealer pursuant to the exemption set out in BC Instrument 45-536 (Exemption from prospectus requirement for certain distributions through an investment dealer) (the “Investment Dealer Exemption”) and to existing shareholders of the Corporation pursuant to the exemption set out in British Columbia Securities Commission BC Instrument 45- 534 (Exemption from prospectus requirement for certain trades to existing security holders) (the “Existing Shareholder Exemption”).

There is no minimum Offering size and the maximum offering is 20,000,000 units for gross proceeds of $2,000,000.  Assuming the Offering is fully subscribed, the Corporation plans to allocate the gross proceeds of the Offering to: (i) exploration on its Idaho-Maryland Gold Project ($1,800,000) and (ii) general working capital ($200,000).

If the Offering is not fully subscribed, the Corporation will apply the proceeds to the above uses in priority and in such proportions as the Board of Directors and management of the Corporation determine is in the best interests of the Corporation.  Although the Corporation intends to use the proceeds of the Offering as described above, the actual allocation of proceeds may vary from the uses set out above depending on future operations, events or opportunities.

If the Offering is over-subscribed, subscriptions will be accepted at the discretion of the Corporation; therefore, it is possible that a subscriber’s subscription may not be accepted by the Corporation even though it is received within the Offering period unless the Corporation determines to increase the size of the Offering.

The Existing Shareholder Exemption is available to shareholders residing in all Canadian jurisdictions.  Shareholders of record of the Corporation as at February 15, 2019 (the “Record Date”) are eligible to participate under the Existing Shareholder Exemption.  To rely upon the Existing Shareholder Exemption, the subscriber must: a) have been a shareholder of the Corporation on the Record Date and continue to hold shares of the Corporation until the date of closing of the Offering, b) be purchasing the Shares as a principal and for their own account and not for any other party, and c) may not subscribe for more than $15,000 of securities from the Corporation in any 12 month period unless they have first received advice from a registered investment dealer regarding the suitability of the investment.  Existing shareholders interested in participating in the Offering should consult their investment advisor or the Corporation directly.

In accordance with the requirements of the Existing Shareholder Exemption and the Investment Dealer Exemption, the Corporation confirms there is no material fact or material change related to the Corporation which has not been generally disclosed.

The Offering may be closed in one or more tranches as subscriptions are received.  There is no minimum subscription amount.

All securities issued pursuant to the Offering will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. Rise Gold’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.  Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (“Rise Gold”) announces that it intends to raise up to C$2.0 million through the issuance of up to 20,000,000 units (each a “Unit”) at a price of C$0.10 per Unit, with each Unit comprising one share of common stock (a “Share”) and one-half of one share purchase warrant (the “Private Placement”). Each whole warrant (a “Warrant”) entitles the holder to acquire one Share at an exercise price of C$0.13 for a period of two years from the date of issuance.  View PDF
 
Rise Gold is pleased to announce that Yamana Gold Inc. (TSX: YRI; NYSE: AUY) (“Yamana”) through its wholly-owned subsidiary, Meridian Jerritt Canyon Corp. (the “Acquiror”), has agreed to purchase 10,000,000 Units for proceeds of C$1.0 million (the “Committed Funds”).  Yamana’s investment in the Private Placement is conditional upon the Private Placement being completed for minimum gross proceeds of C$1.8 million, including the Committed Funds. Yamana is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas including Canada, Brazil, Chile and Argentina.

The Committed Funds are being advanced to Rise Gold prior to the closing of the Private Placement pursuant to the terms of a secured convertible debenture (the “Debenture”).  The Debenture has a term of six months and an annual interest rate of 12%, calculated and compounded monthly, payable in cash or Units at Yamana’s option, except as described below. The principal amount of the Debenture and any accrued interest thereon is convertible into Units at a conversion price of C$0.10 per Unit (the “Conversion Price”) at any time in the sole discretion of the Acquiror. In addition, the principal amount of the Debenture will automatically be converted into Units at the Conversion Price if, during the term of the Debenture, Rise Gold is able to raise proceeds of C$800,000 under the Private Placement from investors other than Yamana. Assuming that the Debenture is held to maturity, if the total principal amount of the Debenture and any accrued interest thereon is converted into Units, the Acquiror will receive up to 10,615,200 Shares and 5,307,600 Warrants.
 
Assuming that the Debenture is held to maturity and converted in accordance with its terms, the Acquiror will own an aggregate of up to 28,115,200 Shares and warrants to purchase an aggregate of 14,057,600 Shares, representing approximately 17.95% of Rise Gold’s issued and outstanding Shares on a non-diluted basis, and approximately 24.71% of Rise Gold’s issued and outstanding Shares on a partially diluted basis, assuming the exercise of the warrants held by the Acquiror. Prior to the issuance of the Debenture, the Acquiror owned 17,500,000 Shares and warrants to purchase an aggregate of 8,750,000 Shares, representing approximately 11.99% of Rise Gold’s issued and outstanding Shares on a non-diluted basis, and approximately 16.96% of Rise Gold’s issued and outstanding Shares on a partially diluted basis, assuming the exercise of the warrants held by the Acquiror.

Yamana is an insider of Rise Gold by virtue of its shareholdings, and as a result, the transactions with Rise Gold constitute a “related party transaction” under Multilateral Instrument 61 101 Protection of Minority Security Holders in Special Transactions (“MI 61 101”).  The related party transaction is exempt from the formal valuation requirements of Section 5.4 of MI 61 101 pursuant to subsection 5.5(a) of MI 61 101, and exempt from the minority approval requirements of Section 5.6 of MI 61 101 pursuant to subsection 5.7(1)(a) of MI 61 101 as the fair market value of the transactions do not exceed 25% of the Rise Gold’s market capitalization.  A material change report as contemplated by the related party transaction requirements under MI 61-101 was not filed more than 21 days prior to the proposed closing of the Debenture financing, as the funds to be advanced are presently required to meet Rise Gold's anticipated short-term cash and project requirements.

All securities issued pursuant to the Private Placement will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. Rise Gold will use the proceeds from the Private Placement for the advancement of its Idaho-Maryland Gold Project and for general working capital.
The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

While the Acquiror currently has no plans or intentions with respect to the Rise Gold securities, the Acquiror may develop such plans or intentions in the future and, at such time, may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the Shares, warrants or other securities of Rise Gold based on market conditions, general economic and industry conditions, trading prices of Rise Gold’s securities, Rise Gold’s business, financial condition and prospects and/or other relevant factors.
A copy of the early warning report filed by the Acquiror will be available under Rise Gold’s profile on SEDAR at www.sedar.com or by contacting Sofia Tsakos, Senior Vice President, General Counsel and Corporate Secretary at 416-815-0220. The Acquiror’s head office is located at Royal Bank Plaza, North Tower, 200 Bay Street, Suite 2200, Toronto, ON, M5J 2J3.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. Rise Gold’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.  Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

• 1st drill hole in 52 Vein area assays 149.3 gpt gold over 6.8 m
• Confirms the 52 Vein area as a significant exploration target
• Drilling of the Idaho #1 Vein target currently in-progress

 Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the “Company”) is pleased to announce additional assay results from on-going diamond core drilling at the Idaho-Maryland (“I-M”) Gold Project.  View PDF

The exploration drill program at the Idaho-Maryland continues to be successful and recent drilling tested several new targets which produced the highest-grade gold intercept to-date.

Very high-grade gold mineralization was encountered in the first hole to test the 52 Vein area. The 52 Vein area lies above the Idaho #1 Vein target and most drill holes are expected to pierce the 52 Vein target en route to the Idaho #1 Vein target.

Drill hole I-18-10 intersected a quartz shear vein and a wide zone of extensional veining. This intersection is interpreted to be a continuation of the 52 Vein where historic mining and exploration were conducted prior to mine shut-down in the 1950’s.

The mineralization in the I-18-10 intercept consists of a quartz shear vein and zones of extensional quartz veins in the hanging wall and footwall of the vein.

• Hanging wall stringers of the 52 Vein assayed 1.8 gpt gold over 7.6 m.
• The 52 shear vein assayed 3.2 gpt gold over 6.4 m.
• An extensional vein in the footwall with visible gold assayed 97.3 gpt gold over 0.5 m.
• A series of stringers in the footwall of the 52 Vein assayed 149.3 gpt gold over 6.8 m including an extensional vein in the footwall which contained visible gold and assayed 2,190 gpt gold over 0.5 m.

The mineralization encountered in the I-18-10 intercept is similar to mineralization annotated on historic mining maps and detailed in reports produced at the time. The historic operator conducted mining and exploration in the 52-Vein area in both the regular shear veins and zones of extensional veining in both the hanging wall and footwall of the 52 Vein.

The 52 Vein area is a significant exploration target. Historic exploration drifting and mining in 52 Vein mineralization to the east of the I-18-10 intercept and historic drill holes and mining to the north outline a lateral area to be explored of approximately 365 m x 495 m. Further drilling is required to determine the extent and nature of mineralization in the 52 Vein exploration target area. The casing for drill hole I-18-10 was left in-place and further testing in the area of the high-grade intercept can be done efficiently using branch holes in the future.

A summary of drill hole assay results from recent exploration diamond drilling are presented in Table 1 and illustrated in Figure 1. Collar orientation data for the drill holes are detailed in Table 2. A detailed summary of the 52 Vein area is outlined in Section 9.1.2 of the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on the Company website and at www.sedar.com.

Additional drawings showing the 52 Vein drill hole intercepts can be downloaded from the following link.

https://riseg.sharefile.com/share/view/s32dcc87347e42ffb

TABLE 1 ‐ New Drill Hole Intercept Highlights

* Estimated true widths for the B6, B10, & B41 Veins are based on modeling from previous drill intercepts and historic mining. The Company is not able to reliably estimate true widths for the 52 Vein mineralization and for the Zebra Zone until further drilling is completed.

TABLE 2 ‐ Drill hole Orientations at Collar

FIGURE 1 ‐ 52 Vein Intercept ‐ Plan View

FIGURE 2 ‐ 52 Vein Intercept ‐ Section View

52 Vein Area

In October 1940, the historic operator completed the deepening of the 30 Winze from the I2000 level to the I2700 level and commenced drifting on the Idaho #2 Vein to the south west. Drifting through mineralization continued beyond the expected limit of the Idaho #2 Vein into the Brunswick “Porphyrite” Block and at the forced wartime shut down in 1942 the company had completed over 400 meters of exploration drifting in continuous mineralization on an apparent new vein structure. The mineralization discovered was unusual as it had never been encountered in this area before and had an unusually flat dip in comparison to the other veins of the mine. The historic operator remarked that the discovery constituted a “wholly new development in the geology of the mine” .

After the mine reopened following WWII, the historic operator continued exploration in the area with significant additional mineralization discovered in 1948 showing widths up to 9 meters and assays up to 55 gpt gold. By 1951, the 52 Vein had become one of the most important areas in the mine. Abundant “specimen ore” was reported in addition to the regular gold content of quartz vein mineralization. Reports in 1951 indicate over 1400 oz of gold in “specimen ore” alone was removed from the mine in less than 2 months. Data from train car sampling is available from 1950 – 1952 which show an average diluted mine grade of ~10.6 gpt gold from mining in the 52 Vein area.

The 52 Vein area presented logistical difficulties due to the lack of infrastructure in the area. Moving rock to surface required a 450 m tram along I2700 level to 30 Winze, hoisting via 30 Winze from I2700 to I2000 level, a 1200 m tram on I2000 level to the Idaho shaft, and then hoisting of the ore to surface through the inclined Idaho shaft . The difficulty in moving rock impeded the development of the area and was not resolved until 1954 when a connection was made to the New Brunswick Shaft on B3280 level.

Mineralization in the 52 Vein area consists of gently dipping shear veins with substantial extensional veining or “stringer” mineralization in the footwall and hanging wall of the veins. Stoping of the shear veins was undertaken by the historic operators with overlapping stopes and slashing of the adjacent stringer mineralization. The shear veins generally ranged in width from 2 – 3 m but mining widths exceeded 12 m in some areas where adjacent “stringer” mineralization was present. Much drifting was done in the stringer mineralization located in the footwall of the 52 Vein and in the final year of the mine’s operation the 17 cross-cut was driven 110 meters into the footwall of the 52 Vein where it was reported to be well mineralized.

Drill hole I-18-10 intersected multiple mineralized horizons believed to correlate with the historic 52 Vein area. The intercept shows extensional veins persisting into the footwall of the 52 Vein for a significant distance with some of these veins showing visible gold.

Two historic exploration diamond drill holes are located north of the I-18-10 intercept and assayed up to 16.5 gpt gold over 9.1 m. The historic drill holes were drilled at a poor orientation to the mineralization as they were drilled sub-horizontally into the flat-lying to gently dipping structure. These historic drill holes likely did not pierce the entire 52 Vein mineralized horizon.

Historic exploration drifting and mining in 52 Vein mineralization to the east and historic drill holes and mining to the north outline a potential exploration area of approximately 365 m x 495 m. The 52 Vein area has exploration potential in both the shear veins and in areas where extensional veins are sufficiently concentrated to allow bulk mining. Further drilling is required to determine the extent and nature of mineralization in the 52 Vein exploration target area. Many of the drill holes that are planned for testing of the Idaho #1 Vein will also pierce the 52 Vein target area.

Zebra Zone Drilling

Two drill holes, Z-18-08 and Z-18-09, targeted the Zebra Zone target. The Zebra Zone is a unique area of the Brunswick Mine where gold and quartz veins are hosted in a large block of calcareous meta-sediments, historically referred to as “black slates”. Drill hole I 18 10 intersected “Zebra” style mineralization in similar meta-sedimentary rocks. Further drilling is required in this area to determine the orientation of the mineralization and properly test the target. Drill hole Z-18-09 intersected 3.3 gpt gold over 6.7 m and drill hole I-18-10 intersected 4.7 gpt gold over 3.5 m in "Zebra” type host rocks.

Brunswick Zone Drilling

Drill holes B-18-06 and B-18-07 successfully expanded several previously intersected Brunswick veins at depth. (See Rise Gold news releases dated August 7th, July 23rd, June 28th, and January 3rd, 2018)
Drill hole B-18-06 intersected the B41 Vein below the B2300 level, with an intercept of 4.9 gpt gold over 9.0 m and B-18-07 extended the B10 Veins below the B1880 level.

The B41 Vein is believed to be a significant target at the Brunswick Mine due to is exceptional width and increasing grade with proximity to the 6-3 Fault.

The Company’s exploration program is currently focussed on the Idaho #1 Vein target and further drilling of the Brunswick veins will be done in the future.

Drawings showing the Brunswick drill hole intercepts can be downloaded from the following link.

https://riseg.sharefile.com/d-sb5ba2faabf345869

Quality Control and Assay Methods

Richard Lippoth, M.Sc, CPG, the qualified person for the exploration drill results disclosure contained in this news release, has studied the drill core discussed in this news release and has reviewed the analytical and quality control results. Mr. Lippoth has reviewed and approved the scientific and technical contents of this news release.

Benjamin Mossman, P.Eng, CEO of Rise Gold, is the qualified person for the historic production disclosure contained in this news release. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

Rise has implemented a quality control program for its drill program to ensure best practice in the sampling and analysis of the drill core. This includes the insertion of blind blanks, duplicates and certified standards. HQ- and NQ-sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual mineralization, and alteration. The remaining half of the core is stored on-site at the Company’s warehouse in Grass Valley, California. Drill core samples are transported in sealed bags to ALS Minerals analytical assay lab in Reno, Nevada.

All gold assays were obtained using a method of screen fire assaying. This procedure involves screening a large pulverized sample of up to 1 kg at 100 microns. Any +100 micron material remaining on the screen is retained and analyzed in its entirety by fire assay with gravimetric finish and reported as the Au (+) fraction result. The –100 micron fraction is homogenized and two sub-samples of 30-50 grams are analyzed by fire assay with AAS finish. If the grade of the material exceeds 10 gpt the sample is re-assayed using a gravimetric finish. The average of the two results is taken and reported as the Au (-) fraction result. All three values are used in calculating the combined gold content of the plus and minus fractions.

Detailed production information from the internal records of the Idaho Maryland Mine are available for the period from 1926-1955. In general, the Idaho Maryland Mines Co. appears to have been a well-run company with excellent record keeping. The qualified person believes this information is reliable but some of the source documents used by the authors of these documents are not available for reconciliation.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (“Rise Gold” or the “Company”) announces the grant of 2,900,000 stock options to employees and directors of the Company pursuant to the terms of the Company’s Stock Option Plan.  The options are exercisable at $0.10 per share for a period of five (5) years and expire on November 29, 2023.  View PDF

About Rise Gold Corp

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.  Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the “Company”) announces that it has closed the second and final tranche of the non brokered private placement announced in its October 16, 2018 news release (the “Private Placement”).  View PDF

In the final tranche closing, the Company raised a total of $750,000 through the sale of 7,500,000 units (each a “Unit”) at $0.10 per Unit where each Unit consists of one share of common stock (a “Share”) and one half of one share purchase warrant (a “Warrant”). Each whole Warrant entitles the holder to acquire one Share at an exercise price of $0.13 until November 5, 2020.  All 7,500,000 Units issued in the final tranche were acquired by Southern Arc Minerals Inc. (“Southern Arc”).  All securities issued pursuant to the Private Placement will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.  The Company will use the proceeds from the Private Placement for the advancement of its Idaho-Maryland Gold Project and for general working capital.

Yamana Gold Inc. (TSX: YRI; NYSE: AUY) (“Yamana”) recently completed a strategic initial investment of C$1.75 million in the Company through the purchase of 17,500,000 Units through a wholly-owned subsidiary, Meridian Jerritt Canyon Corp., in the closing of the first tranche of the financing.  Yamana is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas including Canada, Brazil, Chile and Argentina.

Southern Arc is an insider of the Company by virtue of its shareholdings, and as a result, its participation in the Private Placement constitutes a “related party transaction” under Multilateral Instrument 61 101 Protection of Minority Security Holders in Special Transactions (“MI 61 101”).  The related party transaction is exempt from the formal valuation requirements of Section 5.4 of MI 61 101 pursuant to subsection 5.5(a) of MI 61 101, and exempt from the minority approval requirements of Section 5.6 of MI 61 101 pursuant to subsection 5.7(1)(a) of MI 61 101.  The Company will file a material change report.  A material change report was not filed more than 21 days prior to closing as contemplated by the related party transaction requirements under MI 61-101 as the insider participation was only recently confirmed.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (“Rise Gold” or the “Company”) announces that the Company intends to raise up to C$2.5 million through the issuance of up to 25,000,000 units (each a “Unit”) at a price of C$0.10 per Unit, with each Unit comprising one share of common stock (a “Share”) and one-half of one share purchase warrant. Each whole warrant (a “Warrant”) entitles the holder to acquire one Share at an exercise price of C$0.13 until October 16, 2020.  View PDF

The Company is pleased to announce that Yamana Gold Inc. (TSX: YRI; NYSE: AUY) through a wholly-owned subsidiary, Meridian Jerritt Canyon Corp., (the “Acquiror”) has completed a strategic initial investment in the financing of C$1.75 million through the purchase of 17,500,000 Units.  As a result of the investment, the Acquiror now owns approximately 12.6% of Rise Gold’s issued and outstanding shares on a non-diluted basis, and approximately 17.8% of Rise Gold’s issued and outstanding shares on a partially diluted basis, assuming the exercise of the Warrants held by the Acquiror. Prior to the completion of the financing, the Acquiror did not hold any securities of Rise Gold. Yamana is a Canadian-based gold producer with significant gold production, gold development stage properties, exploration properties, and land positions throughout the Americas including Canada, Brazil, Chile and Argentina.

In connection with the financing, Rise Gold has granted the Acquiror a right to participate in any future equity financings of Rise Gold to maintain and increase its equity ownership up to 19.9% of the issued and outstanding shares the Company. In addition, the Acquiror will be permitted to nominate one individual to the board of directors of Rise Gold and to appoint two members to Rise Gold’s advisory committee. Rise Gold has also granted the Acquiror an exclusive right of first offer and first refusal for a period of six months following the closing of the financing, in respect of any proposed transfer or sale by Rise Gold of any interest, including a joint venture interest, in all or any part of the Idaho-Maryland Gold Project, on terms and conditions to be agreed upon by the parties.

All securities issued pursuant to the Private Placement will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. The Company will use the proceeds from the Private Placement for the advancement of its Idaho-Maryland Gold Project and for general working capital.

In conjunction with the Acquiror’s investment, the Company will issue 875,000 share purchase warrants as a finder’s fee (the “Finder’s Warrants”) to Southern Arc Minerals Inc. (“Southern Arc”). Each Finder’s Warrant entitles the holder to acquire one share at an exercise price of C$0.13 until October 16, 2020.   Southern Arc is an insider of the Company by virtue of its shareholdings, and as a result, the payment of the finder’s fee constitutes a “related party transaction” under Multilateral Instrument 61 101 Protection of Minority Security Holders in Special Transactions (“MI 61 101”).  The related party transaction is exempt from the formal valuation requirements of Section 5.4 of MI 61 101 pursuant to subsection 5.5(a) of MI 61 101, and exempt from the minority approval requirements of Section 5.6 of MI 61 101 pursuant to subsection 5.7(1)(a) of MI 61 101.  The Company will file a material report.  A material change report was not filed more than 21 days prior to closing as contemplated by the related party transaction requirements under MI 61-101 as the insider participation was only recently confirmed.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

While the Acquiror currently has no plans or intentions with respect to the Rise Gold securities, depending on market conditions, general economic and industry conditions, trading prices of Rise Gold’s securities, Rise Gold’s business, financial condition and prospects and/or other relevant factors, the Acquiror may develop such plans or intentions in the future and, at such time, may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the Rise Gold shares, Warrants or other securities of Rise Gold.

A copy of the early warning report filed by the Acquiror will be available under Rise Gold’s profile on SEDAR at www.sedar.com or by contacting Sofia Tsakos, Senior Vice President, General Counsel and Corporate Secretary at 416-815-0220. The Acquiror’s head office is located at Royal Bank Plaza, North Tower, 200 Bay Street, Suite 2200, Toronto, ON, M5J 2J3.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.  Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (“Rise Gold” or the “Company”) announces that it has completed a second tranche closing of the non-brokered private placement announced in its September 4, 2018 news release (the “Financing”).View PDF

In the second tranche closing, the Company raised a total of $160,250 through the sale of 2,003,125 units (each a “Unit”) at $0.08 per Unit where each Unit consists of one share of common stock (a “Share”) and one share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional Share at an exercise price of $0.12 until September 17, 2021. All securities issued pursuant to the Private Placement will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. The Company will use the proceeds from the Private Placement for the advancement of its Idaho-Maryland Gold Project and for general working capital.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.  Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (“Rise Gold” or the “Company”) announces that Director and Chairman, Mr. Alan Edwards, has resigned from the Company’s Board of Directors. View PDF

Mr. Alan Edwards was appointed as a Director of Detour Gold Corporation on August 29th, 2018. Detour Lake is one of the largest gold deposits in Canada with annual gold production in 2017 of 571,000 oz gold and a mine life of ~23 years.

To focus his attention on his new assignment as a Director of Detour Gold, Mr. Edwards has resigned as Director and Chairman of Rise Gold effective September 7th, 2018.

Mr. Edwards will remain involved in Rise Gold and the Idaho-Maryland Gold Project with his appointment as a Technical Advisor.

Mr. Alan Edwards commented “The Idaho-Maryland is a very promising high-grade gold project and I believe Rise Gold has a bright future as the exploration program continues on the project. I am pleased to be able to continue to be involved with Rise Gold as a Technical Advisor.”

About Rise Gold Corp

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.  Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

• Assays pending for drill holes B-18-06 and B-18-07. Multiple mineralized intercepts
• Upcoming drilling to test Idaho #1 Vein. Past production of 935,000 oz gold @ 39 gpt
• Upcoming drilling to test shallow Zebra Zone. Historic drill hole assayed 40 gpt / 10.5 m

Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (“Rise Gold” or the “Company”) is pleased to provide an update on the on-going diamond core drilling at the Idaho-Maryland (“I-M”) Gold Project.  View PDF

Rise Gold has recently completed drill hole B-18-06 and drill hole B-18-07 is expected to be completed within several days. Both holes intersected multiple veins and assay results from these drill holes will be released over the upcoming weeks.

Exploration drilling at the Brunswick portion of the Idaho-Maryland Gold project has been highly successful with numerous gold bearing veins intersected and previously released in 2018 on January 3rd, June 28th, July 23rd, and August 7th. Previously released drill results included 12.2 gpt gold over 14.9 m in drill hole B-17-01, 22.4 gpt gold over 5.2 m in drill hole B-18-05, and 23.7 gpt gold over 4.5 m in drill hole B-18-05. A summary of drill highlights released-to-date is presented in Table 1 and Figure 1.

Rise Gold is moving to a new drilling position to test several important targets that have not been drilled to-date.

Rise Gold will test the down-dip extension of the bonanza grade Idaho #1 Vein. Past production of the Idaho #1 Vein is estimated at 935,000 oz gold at an average mill head grade of 38.6 gpt gold; historic channel samples on the lowest level of this vein include 481 gpt gold over 1.2 m, 142 gpt gold over 2.5 m, and 21 gpt gold over 4.5 m.

Rise Gold will be testing the shallow Zebra Zone Target, which is located approx. 320 m below surface. A historic drill hole in this area assayed 40 gpt gold over 10.5 m. The Zebra Zone is a unique area of the Brunswick mine where gold and quartz veins are hosted in a large block of black slates.

Quality Control and Assay Methods

Rise has implemented a quality control program for its drill program to ensure best practice in the sampling and analysis of the drill core. This includes the insertion of blind blanks, duplicates and certified standards. HQ- and NQ-sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual mineralization, and alteration. The remaining half of the core is stored on-site at the Company’s warehouse in Grass Valley, California. Drill core samples are transported in sealed bags to ALS Minerals analytical assay lab in Reno, Nevada.

All gold assays were obtained using a method of screen fire assaying. This procedure involves screening a large pulverized sample of up to 1 kg at 100 microns. Any +100 micron material remaining on the screen is retained and analyzed in its entirety by fire assay with gravimetric finish and reported as the Au (+) fraction result. The –100 micron fraction is homogenized and two sub-samples of 30-50 grams are analyzed by fire assay with AAS finish. If the grade of the material exceeds 10 gpt the sample is re-assayed using a gravimetric finish. The average of the two results is taken and reported as the Au (-) fraction result. All three values are used in calculating the combined gold content of the plus and minus fractions.

About Rise Gold Corp

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.  Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (“Rise Gold” or the “Company”) announces a non-brokered private placement of up to 18,750,000 units (the “Units”) at a price of CDN$0.08 per unit for gross proceeds of CDN$1,500,000 (the “Offering”). Each Unit will consist of one share of the Company’s common stock and one non-transferable share purchase warrant (a “Warrant”) exercisable into one additional share of common stock at a price of $0.12 per share for a period of three years from the date of issuance. The Company may pay finder’s fees to eligible persons in accordance with applicable securities laws and regulatory policies.  View PDF

The Offering will be conducted pursuant to available prospectus exemptions including sales to accredited investors, family members, close friends and business associates of directors and officers of the Company, to purchasers who have obtained suitability advice from a registered investment dealer pursuant to the exemption set out in BC Instrument 45-536 (Exemption from prospectus requirement for certain distributions through an investment dealer) and to existing shareholders of the Company pursuant to the exemption set out in British Columbia Securities Commission BC Instrument 45- 534 (Exemption from prospectus requirement for certain trades to existing security holders) (the “Existing Shareholder Exemption”).

There is no minimum Offering size and the maximum offering is 18,750,000 units for gross proceeds of $1,500,000.  The Company will use the proceeds from the Offering for the advancement of its Idaho-Maryland Gold Project and for general working capital.  Assuming the Offering is fully subscribed, the Company plans to allocate the gross proceeds of the Offering to:  (i) drilling ($1,000,000); (ii) engineering ($150,000); and (iii) general working capital ($350,000).
If the Offering is not fully subscribed, the Company will apply the proceeds to the above uses in priority and in such proportions as the Board of Directors and management of the Company determine is in the best interests of the Company.  Although the Company intends to use the proceeds of the Offering as described above, the actual allocation of proceeds may vary from the uses set out above depending on future operations, events or opportunities.

Where subscriptions received based on all available exemptions exceed the Offering amount, subscriptions will be accepted at the discretion of the Company such that it is possible that a subscription received from a shareholder may not be accepted by the Company if the Offering is over-subscribed unless the Company determines to increase the size of the Offering.

The Existing Shareholder Exemption is available to shareholders residing in all Canadian provinces, other than Newfoundland and Labrador.  Shareholders of record of the Company as at August 30, 2018 (the “Record Date”) are eligible to participate under the Existing Shareholder Exemption.  To rely upon the Existing Shareholder Exemption, the subscriber must: a) have been a shareholder of the Company on the Record Date and continue to hold shares of the Company until the date of closing of the Offering, b) be purchasing the Shares as a principal and for their own account and not for any other party, and c) may not subscribe for more than $15,000 of securities from the Company in any 12 month period unless they have first received advice from a registered investment dealer regarding the suitability of the investment.  Existing shareholders interested in participating in the Offering should consult their investment advisor or the Company directly.

In accordance with the requirements of the Existing Shareholder Exemption and the Investment Dealer Exemption, the Company confirms there is no material fact or material change related to the Company which has not been generally disclosed.

The Offering may be closed in one or more tranches as subscriptions are received.  There is a minimum subscription amount of $5,000.  The Company may pay finder’s fees on a portion of the Offering in accordance with applicable securities laws and the policies of the Canadian Securities Exchange (the “Exchange”).

The Company completed a first closing of CDN$230,500 through the sale of 2,881,250 Units.  The Warrant entitles the holder to acquire one additional Share at an exercise price of $0.12 until August 31, 2021.  All securities issued pursuant to the Offering will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.  No finders fees were paid on the first closing.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.  Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

• New intercepts assay 23.7 gpt gold over 4.5 m & 10.9 gpt gold over 2.9 m
• Individual assays up to 230 gpt gold over 0.4 m (6.7 oz per ton over 1.4 ft)
• New drill intercepts located +1,000 m below historic production areas of I-M Mine
• I-M historic production of 2.4 M oz gold @ 17 gpt over vertical distances of 310 - 475 m

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (“Rise Gold” or the “Company”) is pleased to announce additional assay results from on-going diamond core drilling at the Idaho-Maryland (“I-M”) Gold Project.  View PDF

Drillhole B-18-05 previously extended the Brunswick veins to a vertical depth of ~475 m below the B1600 level with an intercept which assayed 22.4 gpt gold over 5.2 m (see Rise Gold news release dated July 23rd 2018).

Drillhole B-18-05 was continued to target the down-dip extension of the Idaho Veins and intersected two new veins which are believed to correlate with the Idaho 3 Vein system. The first, named the IB30 Vein, assayed 23.7 gpt gold over 4.5 m at a downhole depth of 1,590 m. The IB30 Vein is an important gold-bearing structure and is interpreted to be the down-dip extension of the Idaho 3 Vein system. The interval adjacent to the quartz vein was exceptionally high grade and assayed 230 gpt (6.7 oz/ton) gold over 0.4 m. A wide zone of alteration and lower grade gold mineralization surrounds the IB30 Vein with the entire zone averaging 6.9 gpt gold over 18.0 m.

Assays are pending for several other quartz veins intersected between the IB30 and IB50 Veins.

Rise Gold plans additional drilling to confirm the orientation and up-dip extension of these veins towards the Idaho vein system. Figures 1 & 2 illustrate these intersections in relation to the historic mine workings; a summary of the assay highlights are presented in Table 1.

Benjamin Mossman, CEO of Rise Gold commented “These deep drill intercepts demonstrate the large exploration potential of the Idaho-Maryland Gold Project. To be able to hit deep high-grade gold mineralization with a single blind hole speaks to the great strength of this gold system. Rise has intersected multiple zones of important gold mineralization in all five holes completed to date. This deposit is known for hosting exceptionally continuous gold veins and every drill hole reinforces our belief that the Idaho-Maryland is one of the most exciting high-grade gold projects in America.”

TABLE 1 – New Drill Intercept Highlights from B-18-05

* The core angle of the quartz vein was observed to be ~45 degrees which suggests a true width of ~70% of the intercept length.

Drillhole B-18-05 final downhole depth of 1,910 m, collared at an azimuth of ~40 degrees and inclination of -77 degrees horizontal.

FIGURE 1 – Isometric view of B-18-05 showing correlation with Idaho Veins

FIGURE 2 – Section of B-18-05 illustrating relationship between deep intercepts and I-M Mine

Quality Control and Assay Methods

Dr. Dirk Meckert, P.Geo,  the qualified person for the exploration drill results disclosure contained in this news release, has studied the drill core discussed in this news release, and has reviewed the analytical and quality control results.

Benjamin Mossman, P.Eng, CEO of Rise Gold, is the qualified person for the historic production disclosure contained in this news release. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

Rise has implemented a quality control program for its drill program to ensure best practice in the sampling and analysis of the drill core. This includes the insertion of blind blanks, duplicates and certified standards. HQ- and NQ-sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual mineralization, and alteration. The remaining half of the core is stored on-site at the Company’s warehouse in Grass Valley, California. Drill core samples are transported in sealed bags to ALS Minerals analytical assay lab in Reno, Nevada.

All gold assays were obtained using a method of screen fire assaying. This procedure involves screening a large pulverized sample of up to 1 kg at 100 microns. Any +100 micron material remaining on the screen is retained and analyzed in its entirety by fire assay with gravimetric finish and reported as the Au (+) fraction result. The –100 micron fraction is homogenized and two sub-samples of 30-50 grams are analyzed by fire assay with AAS finish. If the grade of the material exceeds 10 gpt the sample is re-assayed using a gravimetric finish. The average of the two results is taken and reported as the Au (-) fraction result. All three values are used in calculating the combined gold content of the plus and minus fractions.

About Rise Gold Corp

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.  Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

• High-grade Brunswick B40 Vein assayed 22.4 gpt gold over 5.2 m
• Deepest intersection of the Brunswick Vein system in I-M history
• Wide gold-bearing B41 quartz vein, assayed 2.6 gpt gold over 15.3 m
• Drillhole B-18-05 intersects additional quartz veins down hole with assays pending

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (“Rise Gold” or the “Company”) is pleased to announce assay results from on-going diamond core drilling at the Idaho-Maryland (“I-M”) Gold Project.  View PDF

Drill hole B-18-05 tested the Brunswick veins down plunge and below the B2300 level. B-18-05 is drilled at an azimuth of ~40 degrees and an inclination of ~77 degrees below horizontal. The results of B-18-04, which tested the Brunswick veins above B2300 level, were previously released on June 28th, 2018.

Several gold-bearing quartz veins were intersected, including the B40 Vein which assayed 22.4 gpt gold over 5.2 m.

The high-grade B40 intercept is the deepest intersection of the Brunswick vein system in the history of the I-M Gold Project. This intersection is modelled to be ~280 m downdip on the vein below the B2300 Level and ~220 m along the vein strike from the 6-3 Fault. It is expected that the B40 Vein extends to the 6-3 Fault and terminates there as seen from historic mining of the B40 Vein on B2300L. With an estimated true width of 2.6 m, the B40 vein presents a significant exploration target at the I-M Gold Project.

Several other gold-bearing quartz veins were intersected in addition to the B40 Vein. Drill highlights are presented in Table 1.

A plan map and sections showing the drill hole and intercept locations can be downloaded at the following link.

https://riseg.sharefile.com/d-sd4a05ea5d9f4853a

A wide gold-bearing quartz vein, the B41 Vein, was intersected below the B2300 level. This vein is unique from the regular Brunswick veins as it is interpreted to be striking north with a moderate dip of approx. 40 degrees to the east. With an estimated true width of 11 m, this is the widest gold-quartz vein intersection by the Rise Gold drill program to date and presents a compelling target for additional exploration. Visible gold was noted in both walls of the quartz vein with assays up to 6.1 gpt gold. The average grade of the total intercept is 2.6 gpt gold over 15.3 m. Rise believes that additional drilling of this vein is warranted due to its exceptional width and the presence of visible gold in the walls of the vein.

Quality Control and Assay Methods

Dr. Dirk Meckert, P.Geo,  the qualified person for the technical disclosure contained in this news release, has studied the drill core discussed in this news release, and has reviewed the analytical and quality control results.
Rise has implemented a quality control program for its drill program to ensure best practice in the sampling and analysis of the drill core. This includes the insertion of blind blanks, duplicates and certified standards. HQ- and NQ-sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual mineralization, and alteration. The remaining half of the core is stored on-site at the Company’s warehouse in Grass Valley, California. Drill core samples are transported in sealed bags to ALS Minerals analytical assay lab in Reno, Nevada.

All gold assays were obtained using a method of screen fire assaying. This procedure involves screening a large pulverized sample of up to 1 kg at 100 microns. Any +100 micron material remaining on the screen is retained and analyzed in its entirety by fire assay with gravimetric finish and reported as the Au (+) fraction result The –100 micron fraction is homogenized and two sub-samples of 30-50 grams are analyzed by fire assay with AAS finish. If the grade of the material exceeds 10 gpt the sample is re-assayed using a gravimetric finish. The average of the two results is taken and reported as the Au (-) fraction result. All three values are used in calculating the combined gold content of the plus and minus fractions.

About Rise Gold Corp

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.  Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

• New drill intercepts assay up to 7.9 gpt gold over 4.4 m & 8.0 gpt gold over 4.0 m
• Six Brunswick veins tested-to-date and visible gold observed in core samples
• Drilling confirms continuation of Brunswick veins below historic mining on B1600 level
• Drill hole B-18-05 in progress and currently at 800 m depth, testing below B2300 level
• Quartz veins, breccia, and stockwork intersected in B-18-05 with assays in progress

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (“Rise Gold” or the “Company”) is pleased to announce assay results from on-going diamond core drilling at the Idaho-Maryland (“I-M”) Gold Project.  View PDF

Three drill holes were recently completed, B-18-02, B-18-03, and B-18-04, for a total of 1,662 m drilling. These holes were designed to test for continuation of the historic Brunswick gold veins below existing workings where mining ceased on the B1600 level.

The Brunswick veins have historic past production of 793,000 oz gold with an average head grade of 9.3 gpt gold. The gold grade of the Brunswick veins is high by current standards but were overshadowed historically at the Idaho-Maryland by the Idaho veins which produced 1,621,000 oz gold at an average head grade of 28.4 gpt gold.

Table 1 summarizes significant drill intercepts from recent drilling of the Brunswick veins of the I-M Gold Project. Six new gold intercepts were obtained from recent drilling assaying up to 7.9 gpt gold over 4.4 m and 8.0 gpt gold over 4.0 m. A plan map and sections showing the drill hole and intercept locations can be downloaded at the following link.

https://riseg.sharefile.com/d-s504d468cb5e4223a

Drilling has confirmed that the Brunswick veins continue below the lowest production level (B1600L) and the average grade of Brunswick mineralised veins tested-to-date is similar to historic production at the Brunswick Mine. These initial drill results are an important advancement of the I-M project and present significant exploration targets for the Brunswick veins between the B1600 and B2300 levels. Future success of infill drilling in this area would provide an excellent base for future economic evaluations due to the close proximity of the existing New Brunswick mine shaft and existing mine tunnels on the B1600 and B2300 levels.

The Company has successfully intercepted significant gold values which meet expectations based on historic production from the Brunswick veins. This is especially encouraging given that only four drill holes have been completed to-date.

Drilling at Brunswick is currently in progress with drill hole B-18-05 targeting a major stepdown below B2300 level on the veins intersected by B-18-04. Drill hole B-18-05 is currently at 800 m (2624 ft) and has intersected zones of quartz veins, quartz breccia, and quartz stockwork. The hole is continuing and assays will be released over the next couple weeks.

Brunswick #1 Vein Target

Drill holes B-18-02 and B-18-03 continued exploration of the B1 Vein intersected previously by hole B-17-01. Drill hole B-18-03 tested the eastern extents of this vein along strike and intersected 6.0 gpt gold over 2.0 m at a distance of 248 m along strike from the B-17-01 intercept.

Drill hole B-18-02 tested the down-dip extension of the eastern portion of the B1 Vein and intersected a gold-bearing vein at 578 m downhole of 7.9 gpt over 4.4 m. More drilling is required to confirm if this intercept represents the B1 Vein or the adjacent B116 Vein.

The B1 Vein exploration target is substantial with a strike length of over 248 m and a downdip length of up to 286 m from the B1600L to the B2300L.

Brunswick East Block Veins

Drill hole B-18-04 was the first drill hole to test below the multiple parallel veins mined on the eastern side of B1600 level. This drill hole intersected four veins with significant gold values.

On the B32 Vein, an intercept of 8.0 gpt gold over 4.0 m was intersected east of the historic mine workings, between the B1300 and B1450 levels. In addition to the downdip potential of the B32 Vein, this intercept highlights the potential of significant mineralized material remaining in the levels above B1600 level, in and around the historic mine workings and stopes.

On the B10 Vein, two closely spaced veins assayed 4.0 gpt gold over 2.8 m and 4.4 gpt gold over 3.0 m. The two intercepts are located immediately below the B1600 level. Historic mining (stoping) occurred along the B1600 level, immediately above the intercepts.

On the B18 Vein, an intercept of 5.1 gpt gold over 2.3 m was assayed. The intercept was obtained below the B1600 level and above the B1880 level. Visible gold was noted in the core.

The Brunswick East Block presents a significant exploration target. Based on historic mining on the B1600 level, these veins have typical strike lengths of ~160 m. The downdip length of the veins from B1600 to B2300 level is ~230 m. Drilling is currently in-progress to test for the continuation of these veins below the B2300 level.

Quality Control and Assay Methods

Dr. Dirk Meckert, P.Geo,  the qualified person for the technical disclosure contained in this news release, has studied the drill core discussed in this news release, and has reviewed the analytical and quality control results.

Rise has implemented a quality control program for its drill program to ensure best practice in the sampling and analysis of the drill core. This includes the insertion of blind blanks, duplicates and certified standards. HQ- and NQ-sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual mineralization, and alteration. The remaining half of the core is stored on-site at the Company’s warehouse in Grass Valley, California. Drill core samples are transported in sealed bags to ALS Minerals or American Assay Laboratories analytical assay lab in Reno, Nevada.

All gold assays were obtained using a method of screen fire assaying. The Idaho-Maryland Mine is known to contain ‘coarse’ gold, for which a screen fire assay is a suitable method to obtain a definitive result. This procedure involves screening a large pulverized sample of up to 1 kg at 100 microns. Any +100 micron material remaining on the screen is retained and analyzed in its entirety by fire assay with gravimetric finish and reported as the Au (+) fraction result The –100 micron fraction is homogenized and two sub-samples of 30-50 grams are analyzed by fire assay with AAS finish. If the grade of the material exceeds 10 gpt the sample is re-assayed using a gravimetric finish. The average of the two results is taken and reported as the Au (-) fraction result. All three values are used in calculating the combined gold content of the plus and minus fractions.

About Rise Gold Corp

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (“Rise Gold” or the “Company”) announces it has purchased two diamond core drilling rigs for exploration at the Idaho-Maryland (“I-M”) Gold Project.  View PDF

Rise Gold has purchased a powerful deep hole rig (“Rig #1”) capable of drilling HQ-size core to depths up to 2,050 m (6,750 ft) and NQ-size core to depths up to 2,745 m (9,000 ft). Rise Gold also purchased a smaller drill rig (“Rig#2”) which will be modified by the Company to achieve depths with NQ-size core up to 900 m (2,950 ft).

The Company will operate the drill rigs with its own employees and Rig#1 will be in operation before mid-June. The Company believes that it can achieve significant cost savings and productivity improvements through the operation of its own drill rig for exploration at the I-M Gold Project. Mr. Michael Leclerc has been appointed as Drill Operations Manager for Rise Gold and has extensive experience with exploration core drilling.

The drill rigs, drill rods of HQ and NQ-size, and accessories were purchased for a price of CDN$611,000. The purchase is financed by the vendor and will be paid in equal monthly installments over an 18-month period with an interest rate of 5% per annum.

Drilling to date has been done by contractor drillers and three exploration drillholes (B-18-02, B-18-03, and B-18-04) have been completed since announcing the resumption of drilling at the I-M Gold Project on April 25th 2018. Multiple quartz veins at the Brunswick Mine were successfully intersected below the existing workings and samples have been submitted for assay. The Company expects to provide the assay results from these drill holes shortly.

About Rise Gold Corp

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (“Rise Gold” or the “Company”) announces it has completed the purchase of 82 acres of fee-simple land (the “Mill Site Property”) adjacent to the historic New Brunswick mine shaft. The final payment of US$400,000 was made in May 2018. Total payments to acquire an undivided 100% interest in the Mill Site Property were US$1,900,000. Rise Gold has invested a total of US$3,900,000 for the purchase of private land in Nevada County, California.View PDF

The Company has purchased the Mill Site Property to support the exploration and future development of the Idaho-Maryland Gold Project. The Mill Site Property is located adjacent to the New Brunswick mine shaft. Prior to 1991, the Mill Site Property hosted a major commercial lumber mill and 55,000 ft2 of industrial buildings. All buildings have subsequently been removed. The Property has a leveled area of approximately 40 acres and a large water-recycle pond which was constructed in 1988. The pond has a surface area of approximately 3.7 acres and a design capacity of approximately 40 acre-feet. Records indicate that the pond is lined with a 2 ft layer of clay and was designed by a registered civil engineer.

Rise Gold Corp. is a significant industrial land holder and owns 175 acres of industrial zoned fee-simple land in Nevada County, California along with the 2,800 acres of private mineral rights which encompasses the Idaho-Maryland Gold Project.

About Rise Gold Corp

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on www.sedar.com.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (“Rise Gold” or the “Company”) is pleased to announce that exploration drilling has resumed at the Idaho-Maryland (“I-M”) Gold Project.  View PDF

The Company previously announced the assay results from drill hole B-17-01 (“the Drillhole”), the first drill hole of the exploration drilling program at the I-M Mine (see Rise Gold news release of Jan. 3, 2018)

https://www.newsfilecorp.com/release/31726/Rise-Intersects-High-Grade-Gold-on-Brunswick-1-Vein

The Drillhole intersected the Brunswick #1 Vein (the “B1 Vein”) approximately 50 m below the B1600 level at a depth of ~540 m below surface and assayed 12.2 gpt gold over 14.9 m (7.8 m est. true width) including 63 gpt gold over 2.7 m (1.4 m est. true width).

The Company plans to drill additional holes in the B1 Vein to follow-up on Drillhole B-17-01. These holes will target an area between the B1600 level and the B2300 level. Historical records report both levels on the B1 Vein to be mineralized. The Company will also test several other Brunswick veins which are parallel to the B1 Vein.

Sections and plan maps supporting the planned drilling at the B1 Vein are available for download from the following link;

https://riseg.sharefile.com/d-s100469798424e6b8

The Company expects to be drilling the Brunswick targets until approximately mid-June and then will move the drill to test the Idaho #1 Vein target. Past production of the Idaho #1 Vein is estimated at 935,000 oz gold at an average mill head grade of 38.6 gpt gold. Historic drifting at the lowest mine level (I2400L) on the Idaho #1 Vein was abandoned in high-grade mineralization in 1942 as a result of the War Production Board order to close all major gold mines. Historic channel samples include 481 gpt gold over 1.2 m, 142 gpt gold over 2.5 m and 21 gpt gold over 4.5 m.

The Company previously discussed the Idaho #1 Vein target by news release dated September 21, 2017)

https://www.newsfilecorp.com/release/29157/Rise-Provides-Details-of-Upcoming-Exploration-Program-at-IdahoMaryland

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st 2017 and available on www.sedar.com.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (“Rise Gold” or the “Company”) is pleased to announce that it has completed the non-brokered private placement announced in its April 11, 2018 news release (the “Financing”).  View PDF

The Company raised a total of $3,516,100 through the sale of 35,161,000 units (each a “Unit”) at $0.10 per Unit where each Unit consists of one share of common stock (a “Share”) and one share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional Share at an exercise price of $0.15 until April 11, 2021. All securities issued pursuant to the Private Placement will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. The Company will use the proceeds from the Private Placement for the advancement of its Idaho-Maryland Gold Project and for general working capital.

The Company paid a finder’s fee to Leede Jones Gable Inc. in the amount of $2,100 cash and 21,000 finder’s warrants exercisable at a price of $0.15 per share until April 18, 2020.

Southern Arc Minerals Inc. (“Southern Arc”), a company listed on the TSX Venture Exchange, has made a strategic investment in the Company through the purchase of 20,000,000 Units of the Financing.  Southern Arc has advised the Company that as a result of its purchase of Units, it now owns approximately 17.23% of the Company’s post-closing issued and outstanding shares of common stock.  The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland gold mine located in Nevada County, California, USA. The Idaho-Maryland gold mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold from 1866-1955. Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (“Rise Gold” or the “Company”) announces that, in conjunction with the participation of Southern Arc Minerals Inc. (TSXV: SA) (“Southern Arc”) in the recently closed private placement, Mr. John Proust, Chairman and CEO of Southern Arc, has been appointed to the board of directors of the Company. J. Proust and Associates Ltd. (“JPA”), a company owned by Mr. Proust, has entered into an agreement with the Company pursuant to which it will provide managerial services to the Company.  View PDF

The Company announces that Mr. Cale Thomas has resigned from the board of directors but will remain as Chief Financial Officer of the Company until May 1, 2018, in order to facilitate the transition of administrative services to JPA. Mr. Vince Boon will become Chief Financial Officer and Ms. Eileen Au will be appointed as Corporate Secretary and Treasurer effective as of May 1, 2018. Mr. Boon and Ms. Au are both officers of Southern Arc.

Technical Advisors

The Company is also pleased to announce the engagement of certain technical advisers to assist with the advancement of the Company’s Idaho-Maryland Gold Project, located in Nevada County, California.  The advisors are as follows:

Mr. Bob Gallagher has more than 40 years of experience in the mining industry and is a Mineral Engineer with a specialty in mineral processing. Currently Mr. Gallagher is a director for Yamana Gold Inc., Japan Gold Corp., Southern Arc Minerals Inc., Capstone Mining Corp., and BC Hydro. Most recently, he held the position of President and Chief Executive Officer at New Gold Inc. Previously, Mr. Gallagher held increasingly senior management roles at Newmont Mining Corporation over a seven-year period, including Vice President Operations, Asia Pacific; Vice President, Indonesian Operations; and General Manager, Batu Hijau. Earlier in his career, Mr. Gallagher worked at a number of operating mines located throughout the Americas and Asia in various engineering, metallurgical, and mine management roles, including most notably 15 years at Placer Dome Inc. Mr. Gallagher has considerable project development and operational experience. He has been recognized by industry associations for his contributions throughout his career, most notably in 2013 he accepted the Prospector & Developer Association of Canada's Viola R. MacMillan Award for Company or Mine Development on behalf of New Gold Inc., and in 2014 he was jointly recognized by the Association for Mineral Exploration British Columbia with the E.A. Scholz Award for excellence in mine development.

Dr. Mike Andrews is a geologist with more than 30 years of research and mining industry experience in gold, copper, coal and iron. He holds an honours degree in Geology from the University of Reading, and a doctorate in exploration geochemistry from the University of Wales. Dr. Andrews is currently President & COO and a director of Southern Arc Minerals Inc., President & COO and a director of Japan Gold Corp., a Non-Executive Director of Tethyan Resources plc and a director of Q Investments Ltd. He was a founding director of Kingsrose Mining Limited and played an instrumental role in the discovery, exploration, feasibility and development of its Way Linggo Gold Mine in Indonesia. Dr. Andrews also held the positions of Executive Director and Chief Geologist of AuIron Energy Ltd., Director of Gold Operations for Meekatharra Minerals Ltd., and managed the Teck-MM Gold Indonesian Joint Venture, an exploration portfolio of thirteen gold and copper projects in Indonesia. He also held senior exploration positions with Ashton Mining Ltd, Aurora Gold Ltd., and Muswellbrook Energy and Minerals.

Mr. John Carlile is a geologist with more than 35 years of experience in the resource industry. Mr. Carlile has held senior executive and director positions with both major and junior resource companies, including President of Indonesian and Philippines subsidiaries of Newcrest Mining Limited. As a geologist, Mr. Carlile has a proven track record of mineral discovery and business building in Asia, most notably as Exploration Manager, Asia for Newcrest Mining Limited when it discovered its Gosowong mine. Mr. Carlile has served on the boards of several resource companies, and currently holds the position of director of Southern Arc Minerals Inc., Equator Gold Ltd. and Arc Exploration Limited. He holds a BSc in Geology from University of Reading, England, and an MSc in Mineral Exploration from the Royal School of Mines, Imperial College, University of London. Mr. Carlile is a Fellow of the AusIMM and a Fellow of the Geological Society of London.

Alan Edwards, Chairman of Rise Gold commented “We welcome John Proust to the board of directors and Southern Arc as significant shareholder of Rise Gold. We believe strongly in the potential of the Idaho-Maryland Gold Project and appreciate the confidence that John and Southern Arc have shown in our business plan to advance the project.”
John Proust, Chairman & CEO of Southern Arc commented “The Southern Arc team conducted comprehensive due diligence on Rise Gold and the Idaho-Maryland Gold Project. We were very impressed with the potential of this project and are excited to be a part of Rise Gold and the Idaho-Maryland Gold Project as part of Southern Arc’s strategy to invest early in outstanding gold projects with excellent management and great potential.”

Benjamin Mossman, CEO of Rise Gold commented “It is a privilege to have a group with this breadth of experience and knowledge as advisors to Rise Gold. The involvement of such accomplished professionals speaks to the potential of the Idaho-Maryland. This is a tremendous opportunity as we seek to make a significant discovery at the Idaho-Maryland Mine.”

Hybrid Financial Ltd.

The Company also announces it has retained the services of Hybrid Financial Ltd. (“Hybrid”) to provide it with investor relations services, including marketing, distribution and branding of the Company to investment advisors and other registrants. Founded in 2003, Hybrid is a high impact sales and marketing company working on behalf of clients in the financial services industry. Under the terms of the agreement with Hybrid, the Company will pay a monthly fee of $20,000 and the initial term of the agreement is for a period of 12 months.

Stock Option Grant

The Company announces the grant of 6,381,000 stock options to employees, consultants, and directors of the Company pursuant to the terms of the Company’s Stock Option Plan.  The options are exercisable at $0.12 per share for a period of five (5) years and expire on April 18, 2023.

About Southern Arc Minerals Inc.

Southern Arc is a Canadian company incorporated in British Columbia in 2004 and listed on the TSX Venture Exchange. Southern Arc is focused on enhancing shareholder value through strategic investments in mineral resource companies with a focus on gold and copper-gold. Southern Arc's management team identifies highly prospective assets in politically safe jurisdictions and seeks to unlock their value by providing strategic investments, proven technical skills, global knowledge, and increased access to industry relationships.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold from 1866-1955. Rise Gold is a US corporation incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) announces a non-brokered private placement of up to 35,000,000 units at a price of CDN$0.10 per unit for gross proceeds of CDN$3,500,000 (the “Private Placement”). Each unit will consist of one share of the Company’s common stock and one non-transferable share purchase warrant exercisable into one additional share of common stock at a price of $0.15 per share for a period of three years from the date of issuance. All securities issued pursuant to the Private Placement will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws, including a minimum six-month U.S. hold period. The Company expects to use the proceeds from the Private Placement for the advancement of the Idaho-Maryland Gold Project. The Company may pay finder’s fees to eligible persons in accordance with applicable securities laws and regulatory policies.  View PDF

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp

Rise is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold from 1866-1955. Rise is a US corporation incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

• Recent drilling showed high-grade gold in andesite wall rock adjacent to quartz vein.
• Research shows historic miners commonly left non-quartz wall rock unmined or as backfill.
• Presence of significant gold in vein walls has important positive impacts to exploration targets.

Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) is pleased to announce significant findings of its ongoing research of the Idaho-Maryland (“I-M”) Gold Project. The Company recently located important documents at the Sacramento State University Library related to the I-M Mine which provide insight into the recent exploration results and targets of upcoming exploration drilling. View PDF

The Company previously announced the assay results from drill hole B-17-01 (“the Drillhole”), the first drill hole of the exploration drilling program at the I-M Mine (see Rise news release of Jan. 3, 2018). The Drillhole intersected the Brunswick #1 Vein (the “B1 Vein”) approximately 50 m below the B1600 level at a depth of ~540 m below surface and assayed 12.2 gpt gold over 14.9 m (7.8 m est. true width) including 63 gpt gold over 2.7 m (1.4 m est. true width).

Numerous historic records indicate that very high gold values typically occur in quartz veins at the I-M Mine. In extreme cases, the ore was sufficiently valuable that it required bank vault protection prior to processing. An article in the Nevada City Morning Union in 1926 describes that portions of quartz being mined at the I-M were estimated to run $4 to $5 per pound which is the equivalent of 441 oz per ton gold (15,130 gpt).

However, historic maps, reports, and detailed geological records do not reveal any information that indicate substantial amounts of the gold being mined from the vein wall rock. Recent research has confirmed that the historic operators were almost exclusively focussed on gold hosted in quartz veins and commonly left non-quartz material either unbroken in the stope walls or used the material as mine back-fill. Research also shows that grade control was done visually rather than by assay data from the underground workings.

Recent drilling by the Company has revealed that significant gold values occur in the wall rock adjacent to the quartz veins. The andesite in the footwall of the B1 Vein “Center Vein” assayed 266 gpt (7.8 oz per ton) gold over 0.6 m.  In the Second Intercept, located at approximately 930 m below surface, the andesite adjacent to the quartz stringers assayed 40.6 gpt (1.2 oz per ton) gold over 1.5 m. A photo of the drill core from the Center Vein intercept is shown in Figure 1 below.

Figure 1 – Core Photo of B1 “Center Vein”

Drillhole B-117-01 - 2112 ft - 2116 ft, Quartz Vein assayed 6.7 gpt over 1.2m

Drillhole B-117-01 - 2116 ft - 2118 ft, Andesite assayed 266 gpt over 0.6m

This presence of significant gold values in andesite has important consequences for exploration at the I-M Mine.

The Brunswick #1 Vein has become an important exploration target due to the excellent Drillhole intercepts and the confirmation from historic exploration drifting that this vein continues at least to the B2300 level. The Brunswick #1 Vein is one of dozens of known veins at the Idaho-Maryland Mine.

In most cases, the historic operator reported drill core sample assay results for only intersections of quartz and rarely conducted sampling of the adjacent material. If there are important gold values in the adjacent wall rock, the historic drilling would have greatly underreported the overall gold content of the mineralized structures tested.

The B1 Vein Set, with three sub-parallel veins and two sections of internal waste, averaged 12.2 gpt gold over 14.9 m with an estimated true width of 7.8 m. The presence of closely spaced veins and gold values in andesite present an opportunity to discover mineral zones of widths suitable for high productivity mechanized mining methods.

More drill testing and assay data is necessary to confirm if this style of gold distribution is common throughout the mineralized gold veins at the I-M Mine. The Company expects to provide further updates on the planned exploration drilling program at the Idaho-Maryland Mine over the coming weeks.

Engineering & Mining Journal – January 1947

The Company recently located an article (the “Article”) in the Sacramento State University Library written by Rollin Farmin in January 1947 . Rollin Farmin worked at the Idaho-Maryland Mine from 1933-1947 and held the roles of Chief Geologist and Chief Engineer from 1933-1945 and Assistant General Manager from 1945-1947.

The Article describes the mining methods used at the Idaho-Maryland Mine and confirms that the historic operators were almost exclusively focussed on gold hosted in quartz.

The Article confirms that the miners left non-quartz material in the walls of the stope whenever possible stating “As a rule, the hanging-wall of the vein is not broken either in the drifts or raises”.

The Article further confirms that the miners viewed non-quartz material as waste. The Article describes a horizontal cut-and-fill mining method where blasted andesite wall rock was left in place to provide backfill for the stopes. After blasting, the ore was washed with water so that the miners could visually identify quartz. The miners would then hand-shovel quartz bearing rock into timber chutes for transportation to the process plant. The non-quartz bearing rock would be left in place and used as fill as mining progressed upwards on the vein.

Letter to President Oliver – March 1948

The Company located a letter (the “Letter”) in the I-M database written by the Mine General Manger to the President of Idaho Maryland Mines Corporation in March 1948 .

The Letter confirms that the historic operators mined primarily on a visual basis rather than relying on assays from mine sampling.

The letter discusses the calculation of reserves at the Brunswick Mine. The Manager states, to the President, in this letter that “No attempt has been made to assign a dollar value to the Brunswick Ore Reserves, since sampling can show only general trends in ore tenor”. He further states, “It has been fairly well established that the coincident mining of many widely separated veins produces a fairly consistent flow of “high grade” gold generally indeterminate by underground sampling”.

About Rise Gold Corp

Rise is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold from 1866-1955. Rise is a US corporation incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

• New Brunswick Shaft successfully inspected by underwater remote operated vehicle.
• Existing mine shaft and timberwork appear to be in good condition to depth.
• Recent exploration drill intercept on Brunswick #1 Vein is located near the existing shaft.

Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) is pleased to announce it has successfully completed an initial underwater inspection of the New Brunswick mine shaft. View PDF

The Company previously announced the assay results from drill hole B-17-01 (“the Drillhole”), the first drill hole of the exploration drilling program at the Idaho-Maryland (“I-M”) Gold Project (see Rise news release of Jan. 3, 2018). The Drillhole intersected the Brunswick #1 Vein approximately 50 m below the B1600 level at a depth of ~540 m below surface and assayed 12.2 gpt gold over 14.9 m (7.8 m est. true width) including 63 gpt gold over 2.7 m (1.4 m est. true width).

This drill intercept at the Brunswick #1 Vein raises the possibility that there could be substantial gold mineralization in the developed upper levels of the mine near the existing mine shaft.

To support additional drill testing of the new exploration target at the Brunswick #1 Vein, the Company conducted an underwater survey of the existing New Brunswick vertical mine shaft in mid-February. The objective of this survey was to determine the current condition of the shaft which the Company believes is a valuable component of the I-M project.

New Brunswick Shaft Survey

The Company believes the existing New Brunswick vertical mine shaft (the “NB Shaft”) is a valuable component of the I-M project. The I-M mine is currently flooded and the Company completed an initial inspection of the shaft to determine its condition.

The NB Shaft was the primary entry and hoist for the historic production at the Idaho-Maryland Mine. The NB Shaft extends to a depth of 3400 ft (1036 m) below surface and connects to all major levels of the I-M Mine. The NB shaft consist of three timbered compartments and had historic skipping capacity of ~75 tons/hour using 6 ton skips and hoisting speed of 1250 feet per minute. There is potential to increase hoisting capacity further by using larger skips and increasing the hoisting speed.

The Company engaged Advanced Marine Services Corp (“AMS”), from Lake Tahoe, California to conduct a preliminary inspection of the New Brunswick Shaft. AMS used a Seabotics LBV-300 remote operated vehicle (“ROV”) to survey the shaft down to a depth of ~760 ft (232 m). The ROV filmed the timberwork and center compartment of the shaft and entered the B580 level shaft station. The ROV survey confirmed that the NB Shaft remains open and the timberwork and guides appear to be in good condition to the depth surveyed. AMS subsequently tested the shaft to 2300 ft (701 m) with a weight and winch cable and the shaft is confirmed to remain open to at least this depth.

The Company believes it is likely that the submerged timberwork has been preserved. Decay, or rot, of wood by fungus requires the presence of oxygen.  Recent field testing of water quality from the New Brunswick Shaft consistently demonstrate very low oxygen levels and strongly reducing conditions within the water.  The reducing conditions and low oxygen levels indicate that wood mine timbers present below the water surface within the mine workings should not be susceptible to rotting.

The successful survey of the shaft allows the planning of future underwater inspections using an ROV capable of reaching the deepest levels of the shaft. Future ROV inspections could include the inspection of the shaft to the full depth of 3400 ft, inspections of mine levels, and core testing of the wooden timberwork to prove its structural strength for engineering studies.

The Company has added photos and video of the shaft survey to its website at www.risegoldcorp.com

The Company expects to provide further updates on the planned exploration drilling program at the Idaho-Maryland mine over the coming weeks.

About Rise Gold Corp

Rise is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold from 1866-1955. Rise is a US corporation incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

• Three parallel veins intersected on Brunswick #1 Vein below the B1600 Level
• B1 Center Vein assayed 63 gpt gold over 2.7 m (1.4 m est. true width)
• B1 Vein Set, including Center Vein, assayed 12.2 gpt gold over 14.9 m (7.8 m est. true width)
• New exploration target on Brunswick #1 Vein ‐ 323 m along strike x 450 m down-dip

Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) is pleased to announce the assay results from drill hole B-17-01, the first drill hole of the exploration drilling program at the Idaho-Maryland (“I-M”) Gold Project located in Nevada County, California.  View PDF

Diamond drill hole B-17-01 (“the Drillhole”) was completed in November 2017. The Drillhole had a total length of 1419 m (4654 ft) and reached a depth of ~1157 m (3794 ft) below surface. The starting azimuth of the Drillhole was 310 degrees and the ending azimuth was 278 degrees with an average inclination of ~55 degrees.

An intercept of 62.7 gpt gold over 2.7 m was intersected in the Center Vein of the Brunswick #1 Vein Set, approximately 50 m below the B1600 level at a depth of ~540 m below surface. The true width of the intercept is estimated at 1.4 m. The substantial gold values assayed in the Drillhole are surprising given the limited focus on the Brunswick #1 Vein documented in historic records. The Drillhole intersected three sub-parallel veins at the Brunswick #1 Vein. The B1 Vein Set, including the Center Vein and two sections of internal waste, averaged 12.2 gpt gold over 14.9 m with an estimated true width of 7.8 m.

Assay data from the Drillhole indicates that the highest gold grades in the composites are located in the wall rocks immediately adjacent to the quartz vein, rather than in the quartz veins themselves.

The Company’s observation that the wall rocks of the quartz veins hosts high grade gold could have major implications to the interpretation of the historic data from the mine. In most cases, the historic operator reported drill core and channel sample assay results for only intersections of quartz and rarely conducted sampling of the adjacent material. If there are important gold values in the adjacent wall rock, the historic sampling would have greatly underreported the gold grades of the mineralized veins.

A summary of the most significant assay composites from the Drillhole is presented in Table 1.

The Company has prepared drawings which are available for download from the following link.
https://riseg.sharefile.com/d-s100469798424e6b8

The Brunswick #1 Vein is close to the New Brunswick vertical mine shaft and three existing mine levels on the B1600, B1880, and B2300 levels. Historic exploration of the Brunswick #1 Vein was conducted by drifting on the B2300 level. The Brunswick #1 Vein is completely untested below the B2300 level. The Company has outlined an initial exploration target for the Brunswick #1 Vein with dimensions of 450 m down-dip and 323 m along strike. Details of the exploration target are discussed below and shown on the drawings included with this news release.

The Drillhole azimuth deviated significantly from the planned azimuth and therefore did not intersect the Idaho #1 Vein at depth as contemplated in the news release dated September 21st 2017. The target described in the September 21st 2017 news release remains untested and will be tested with future drilling.

Ben Mossman, CEO of Rise commented “This intercept at the Brunswick #1 Vein is a surprising event. The possibility that there could be very substantial gold mineralization in the developed upper levels of the mine is astonishing, especially considering that the Brunswick #1 Vein was one of the less important veins in the mine historically and that it is one of dozens of known veins at the Idaho-Maryland. The presence of high-grade gold values in the walls of the quartz veins was not expected based on historic documentation. This result highlights that despite the huge library of historic records and past mining of 2.4 million oz of gold, we know very little about the real potential of the Idaho-Maryland.”

Brunswick #1 Vein Intercept

The Brunswick #1 Vein (the “B1 Vein”) was mined extensively from surface to the B1600 level by historic operators. The B1600 level is at a vertical depth of ~488 m (1600 ft) below surface and the majority of the historic mining at the Brunswick Mine was conducted above this level. The historic operators completed exploration drifting on the B1 Vein on the B2300 level in the period from 1940-1942 and no further exploration was conducted after the forced mine shut-down during World War II.

The Drillhole intersected three sub-parallel quartz veins which are separated by andesite. The vein set, including two sections of internal waste, assayed an average grade of 12.2 gpt (0.36 oz / ton) gold over an estimated true width of 7.8 m (25.6 ft).   The Center Vein assayed 62.7 gpt (1.83 oz / ton) gold over an estimated true width of 1.4 m (4.6 ft). More drilling is required to determine if the Center Vein contains the bulk of the gold in the B1 Vein Set or if all three veins are of importance.

The Drillhole intersected the B1 Vein 50 m vertically beneath the B1600 level. The location of the intercept implies the B1 Vein dips at approximately 45 degrees. This interpretation correlates with the historic drifting on the B1 Vein at the B2300 level. The dip of the B1 Vein below the B1600 level is shallower than that above the B1600 level which was typically ~70° dip. This change in the dip of the B1 Vein, from 70° to 45°, at or around the B1600 level, was noted and discussed in several historic mining documents.

Exploration drifting on the B1 Vein was completed on the B2300 level by the historic operator over a length of ~323 m (1075 ft). Drifting to the east was halted in mineralization in 1942 due to the forced WWII shutdown and work was never recommenced in the area. Drifting was conducted along a single quartz vein which was noted to contain “fair” to “high” gold values.

The first segment of the drift was reported to contain appreciable amounts of visible gold. The Geological Summary from April 1941 notes “2300L-1D has been the best showing of ore on the 2300 level. Nearly all of the 484 feet from the crosscut has contained narrow ore of good grade. The present face shows 23 inches of quartz and visible free gold”.

B1 Vein – Exploration Target

The Company has outlined an initial exploration target for the Brunswick #1 Vein with dimensions of 450 m down-dip and 323 m along strike. Given the estimated true width of the Drillhole intercept of the Center Vein of 1.7 m and the overall B1 Vein Set estimated true width of 7.8 m, this exploration target represents a substantial volume of potential mineralization to be tested. The historic operator used a density for mineralization of 2.7 tonnes / m3 (12 ft3 / ton).

The Company has based the strike length of the exploration target on the historic exploration drifting along B1 Vein on the B1600 and B2300 levels.

The Company has based the down-dip estimate of the exploration target on the modelled dip of the B1 vein of 45 degrees. The down-dip length of the B1 Vein between the B1600 and B2300 levels, where the historic operator conducted exploration drifting along the B1 Vein, is estimated at ~300 m. The Company projected the target below the known mineralization on the B2300 level by an additional 150 m.

The Company has prepared an estimate of surface exploration core drilling required to drill the B1 exploration target at a drill spacing of ~90 m x 90 m. Nineteen drillholes ranging from 585 m to 925 m in length would be required with total drilling of approx. 13,100 m. No permits or permissions are required to commence this exploration drilling.

Details of the exploration target are shown on the drawings included with this news release.

Second Intercept of Gold Mineralization

A second zone of mineralization was intercepted at a depth of approximately 930 m below surface and ~70 m above the B3280 level. The interval assayed 4.5 gpt gold over 15.2 meters, including 31.4 gpt gold over 2.0 meters. There is very little geological information available in this area and therefore the true width cannot be estimated. This mineralization may be related to the flatly dipping stockwork zones around the 60 Winze and 52 Vein area. Alternatively, it could represent the downdip projection of a Brunswick Vein. Additional drilling in this area is required to understand the importance of the mineralization discovered in this second intercept.

Gold Mineralization

Assay data from the Drillhole indicated that the highest gold grades in the composites are located in the wall rocks immediately adjacent to the quartz vein rather than in the quartz veins themselves. Several examples of this gold distribution were observed:

1. The quartz of Brunswick #1 Vein “Center Vein” assayed 6.7 gpt gold over 1.2 m. The andesite immediately in the footwall of the quartz vein assayed 266 gpt gold over 0.6 m.
2. The quartz of Brunswick #1 Vein “FW vein” assayed 2.2 gpt gold over 0.4 m. The andesite immediately in the hanging-wall of the quartz vein assayed 7.1 gpt gold over 0.3 m.
3. Andesite with 2 quartz stringers showing visible gold in the Second Intercept assayed 0.7 gpt gold over 0.5 m. The andesite immediately adjacent assayed 40.6 gpt gold over 1.5 m.

Historic maps, reports, and detailed geological records do not reveal any information that indicate a substantial amount of the gold being located in the vein walls rather than in the quartz itself. The Company believes that the historic operators were almost exclusively focussed on gold hosted in quartz.

The Company’s observation that the andesite adjacent to the quartz veins hosts high-grade gold could have major implications to the interpretation of the historic data from the mine. In most cases the historic operator only reported drill core assay results for intersections of quartz and rarely conducted sampling of the adjacent material. Similarly, in many cases the historic operator only reported channel and face sampling assays for the quartz vein itself. If there are important gold values in the adjacent wall rock, the historic sampling would have greatly underreported the gold grades of the mineralized veins.

More drill testing and assay data is necessary to confirm if this style of gold distribution is common throughout the mineralized gold veins at the I-M Mine.

Quality Control and Assay Methods

Dr. Dirk Meckert, P.Geo,  the qualified person for the technical disclosure contained in this news release, has studied the drill core discussed in this news release, and has reviewed the analytical and quality control results.

Rise has implemented a quality control program for its drill program to ensure best practice in the sampling and analysis of the drill core. This includes the insertion of blind blanks, duplicates and certified standards. HQ and NQ sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual mineralization, and alteration. The remaining half of the core is stored on-site at the Company’s warehouse in Grass Valley, California. Drill core samples are transported in sealed bags to ALS Minerals analytical assay lab in Reno, Nevada.

All gold assays were obtained using a method of screen fire assaying. The Idaho-Maryland Mine is known to contain ‘coarse’ gold, for which a screen fire assay is the best way to obtain a definitive result. This procedure involves screening a large pulverized sample of up to 1 kg at 100 microns. The entire oversize (including the disposable screen) is fire assayed as this contains the ‘coarse’ gold and a duplicate determination is made on the ‘minus’ 100 micron fraction. A calculation can then be made to determine the total weight of gold in the sample.  Any +100 micron material remaining on the screen is retained and analyzed in its entirety by fire assay with gravimetric finish and reported as the Au (+) fraction result. The –100 micron fraction is homogenized and two sub-samples of 50 grams are analyzed by fire assay with AAS finish. If the grade of the material exceeds 10 gpt the sample is re-assayed using a gravimetric finish. The average of the two results is taken and reported as the Au (-) fraction result. All three values are used in calculating the combined gold content of the plus and minus fractions.

About Rise Gold Corp

Rise is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold from 1866-1955. Rise is a US corporation incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (“Rise” or the “Company”) is pleased to announce that the Securities and Exchange Commission (“SEC”) has declared effective the Company’s registration statement on Form S-1 relating to the resale of up to 52,560,780 shares of the Company’s common stock (the “Securities”) held by certain stockholders of the Company named in the registration statement comprised of the following: View PDF

• 25,715,390 shares of our common stock held by selling stockholders
• 18,418,250 shares of our common stock issuable upon exercise of common stock purchase warrants held by selling stockholders exercisable at CDN$0.40 per share
• 6,927,140 shares of our common stock issuable upon exercise of common stock purchase warrants held by selling stockholders exercisable at CDN$0.25 per share
• 1,500,000 shares of our common stock issuable upon exercise of common stock purchase warrants held by selling stockholders exercisable at CDN$0.227 per share

The registration statement, while effective, allows the selling stockholders named in the registration statement to publicly resell the Securities. The Company will not receive any proceeds from the sale of the Securities by the selling stockholders. Upon the cash exercise of the warrants, the Company will receive the exercise price of the warrants.

The registration statement may be accessed through the SEC’s website at www.sec.gov. A copy of the prospectus relating to the offering may also be accessed through the SEC’s website at www.sec.gov or may be obtained from the Company by sending a request to: Rise Gold Corp., Suite 488 – 1090 West Georgia Street, Vancouver, BC V6E 3V7 or by calling (604) 209-0034.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Rise Gold Corp.

Rise is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold from 1866-1955. Rise is a US corporation incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:
Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (“Rise” or the “Company”) is pleased to announce that it has closed the second tranche of the non-brokered private placement announced in its August 24, 2017 news release (the “Financing”).  View PDF

In this second tranche, the Company raised an additional $962,550 through the sale of 6,417,000 units (each a “Unit”) at $0.15 per Unit where each Unit consists of one share of common stock (a “Share”) and one share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional Share at an exercise price of $0.25 until December 27, 2019.

The Company has paid to three finders, fees in accordance with CSE policies of a total of $55,779 and issued a total of 371,860 finder’s warrants (each a “Finder’s Warrant”) where each Finder’s Warrant entitles the holder to acquire one Share at a price of $0.25 until December 27, 2019.

The securities referenced herein 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 in the United States except in compliance with exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp

Rise is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. The Idaho-Maryland Gold
Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold from 1866-1955. Rise is a US corporation incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:
Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTCQB: RYES) (the “Company”) is pleased to announce that it expects to close a further tranche of the non-brokered private placement announced in its August 24, 2017 news release (the “Offering”) on Monday, December 18, 2017.  The Offering consists of units of the Company at a price of $0.15 per Unit where each Unit will consist of one share of the Company’s common stock and one non-transferable share purchase warrant exercisable into one additional share of common stock at a price of $0.25 per share for a period of two years from the date of issuance. View PDF

All securities issued pursuant to the Offering will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws, including a minimum six-month U.S. hold period.  The Company expects to use the proceeds from the Offering for, among other things, the continued advancement of the Idaho-Maryland Gold Project.  The Company may pay finder’s fees to eligible persons in accordance with applicable securities laws and regulatory policies.

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp

Rise is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold from 1866-1955. Rise is a US corporation incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) is pleased to announce that exploration core drilling from surface has commenced at the Idaho-Maryland Gold Project located in Nevada County, California. The first exploration drill hole has been collared, cased to bedrock, and the rock core is now being logged.  View PDF

The first drill hole will drill through the Brunswick “Porphyrite” Block and terminate in the surrounding serpentinite which hosts the Idaho mineralization. The first hole is expected to pierce a number of Brunswick style gold-quartz veins and stock-work zones. The end of hole target is the downward extension of the Idaho #1 Vein. Past production of the Idaho #1 Vein is estimated at 935,000 oz gold at an average mill head grade of 38.6 gpt gold.

The Company is drilling a series of widely spaced holes to test a target area on the western side of the I-M Deposit below the area where the historic operator ceased operations upon the mine’s shutdown in 1942 and 1955. Details on the drilling program were previously disclosed by news release on September 21st 2017.

The Company will provide further updates on results as drilling progresses to depth.

About Rise Gold Corp

Rise is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold from 1866-1955. Rise is a US corporation incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) is pleased to announce that it has closed the first tranche of the non-brokered private placement announced in its August 24, 2017 news release (the “Fi-nancing”). View PDF

The Company has raised a total of $1,061,571 through the sale of 7,077,140 units (each a “Unit”) at $0.15 per Unit where each Unit consists of one common share (a “Share”) and one common share purchase warrant (a “Warrant”).  Each Warrant entitles the holder to acquire one additional Share at an exercise price of $0.25 until September 25, 2019.  The Company will pay a finder, fees in accordance with CSE policies of a total of $540 and issue a total of 3,600 find-er’s warrants (each a “Finder’s Warrant”) where each Finder’s Warrant entitles the holder to acquire one Share at a price of $0.15 until September 25, 2019.

The securities referenced herein 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 securi-ties laws and may not be offered or sold in the United States except in compliance with ex-emptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise is an exploration-stage mining company.  The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA.  The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past pro-duction of 2,414,000 oz of gold from 1866-1955.  Rise is a US corporation incorporated in Ne-vada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

• Exploration Drilling at Idaho-Maryland to commence within 6 weeks
• Targeting Idaho #1 Vein with past production of 935,000 oz gold at an average mill head grade of 38.6 gpt gold

Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) is pleased to provide further details on the upcoming exploration drilling program at the Idaho-Maryland (“I-M”) Gold Project located in Nevada County, California. View PDF

The Company plans to commence diamond drilling in October 2017. The Company will drill a series of widely spaced holes to test a target area on the western side of the I-M Deposit below the area where the historic operator ceased operations upon the mine’s shutdown in 1942 and 1955.

The exploration target sits at the approximate depth of the lowest level of the mine, the B3280 Level, or 1000 m vertical depth below surface. The New Brunswick Shaft extends from surface to this lowest level.

The Company’s goal with the initial drilling program is to demonstrate that significant new discoveries and definition of high-grade mineral resources can be achieved through exploration drilling from surface.

The Company will utilize the wealth of detailed historical geological information and its advanced digital model to target mineralized zones. The Company plans to utilize directional drilling techniques to ensure drilling intersects these targets accurately and to drill multiple branch holes to substantially reduce the total amount of drilling required to test the targets.

The Company will engage Devico AS to perform directional drilling services. Devico has more than 25 years experience with directional core drilling and is the global market leader in providing directional coring services. Devico has provided services to many major exploration programs, including Agnico-Eagle’s Kittila mine where it is used extensively in their ongoing exploration drilling program.

Each mother hole will have an average length of ~1,230 m with numerous veins and stockworks zones to be tested starting from ~930 m drill hole depth to the end of the hole. Several branch holes will be drilled from the mother-hole to substantially reduce the total overall amount of drilling required.  Each drill-hole will test multiple mineralized horizons as follows:

1. Exploration of Idaho #1 Vein Target
• Historic drifting at the lowest mine level was abandoned in high-grade mineralization in 1942 as a result of the War Production Board order to close all major gold mines.
• Historic channel samples include 481 gpt gold over 1.2 m, 142 gpt gold over 2.5 m and 21 gpt gold over 4.5 m.
• Past production of the Idaho #1 Vein is estimated at 935,000 oz gold at an average mill head grade of 38.6 gpt gold.
2. Potential for wide diabase mineralization adjacent to Idaho #1 Vein.
• Diabase dike in hanging wall of Idaho #1 Vein is known to be mineralized locally.
• Wide zones of lower grade mineralization adjacent to high-grade quartz vein have potential to significantly increase the mineable width of the Idaho #1 Vein.
• Historic intercepts in mineralized diabase adjacent to #1 Vein include drillhole I2400 8 which assayed 2.7 gpt gold over 5.9 m and drillhole I2400-40 which assayed 3.7 gpt gold over 11.9 m.
3. Discover new “Brunswick-Style” mineralization below 52 Vein / 60 Winze Area.
• New discovery of extensive mineralized veins and stockworks in the 52 Vein area by historic operator in 1941 on the I2700 Level prior to World War II government ordered shutdown.
• 52 Vein area is located approximately 240 m from contact of the Brunswick Block.
• Potential for the discovery of multiple new veins and stockwork zones in the region below the 52 Vein extending to the contact of the Brunswick Block and the Idaho #1 Vein.
4. Follow-up historic intercepts I2400-30 and I2400-31.
• In 1949 the historic operator drilled two holes above and to the west of the 52 Vein area but did not develop the area due to lack of mining infrastructure in the area.
• Historic drillhole I2400-31 assayed 16.5 gpt gold over 9.2 m.
• Historic drillhole I2400-30 intersected two veins which assayed 4.1 gpt gold over 6.1 m and 5.4 gpt gold over 13.3 m.
• Further drilling in this area will provide information on the orientation and extent of these mineralized quartz veins.

General Description of the I-M Deposit

The central feature of the I-M Deposit is the Brunswick Block; a massive, wedge-shaped, block of “greenstone” rock which tapers at depth. The Brunswick Block is bounded on three sides by three major faults; the 6-3 fault to the east, the Idaho fault system to the north, and the Morehouse fault to the west. These three faults are the contact between the Brunswick Block and the serpentinite rock that surrounds it.

The three major faults are believed to be the locus of the mineralization of the I-M Deposit. There are two types of mineralization at the I-M Deposit. Idaho-style mineralization is located on the outside perimeter of the Brunswick Block and hosted in serpentinite. Brunswick-style mineralization is located on the inside perimeter of the Brunswick Block and hosted in the “greenstone” block itself.

Idaho style mineralization generally consists of singular continuous quartz veins which are hosted in serpentinite and closely wrap around and mirror the shape of the Brunswick Block. The Idaho style mineralization is of remarkable grade and 2/3rds of the gold mined at I-M has come from the Idaho veins. Past production from the Idaho veins is estimated at 1,621,000 oz gold at an average mill head grade of 28.4 gpt gold.

Brunswick style mineralization is hosted in the Brunswick Block itself and radiates into the block from the bounding major faults. The most intense mineralization is commonly found within 150 m of the contact and important mineralization is typically located with 300 m of the contact. Many parallel and connecting veins make up the Brunswick vein system and veins are often accompanied by extensive stockwork zones adjacent to the solid quartz veins. Significant production from the Brunswick style did not commence until late in the mine’s history. Past production from the Brunswick style is estimated at 793,000 oz gold at an average mill head grade of 9.3 gpt gold with the great majority of this production after 1936.

Exploration of the Idaho #1 Vein

The exploration drill will be sited on Company owned land, west of the New Brunswick shaft. This position is roughly in the centre of the Brunswick Block. Drillholes will be drilled through the Brunswick Block and into the serpentine rocks which host the Idaho-style mineralization.

The end-of-hole target will be directly underneath the historic Idaho #1 Vein workings. The #1 Vein was the best mineralized of the Idaho veins with historic production estimated at 935,000 oz gold at an average mill head grade of 38.6 gpt gold. The lowest level of historic production on the #1 Vein by the historic operator was on the I2400 Level. By late 1941 the historic operator completed a major capital project by completing the 45 Winze, an inclined shaft and hoist, in order to reach the I2400 Level. They quickly located the western end of the #1 Vein and drifted in mineralization for 165 m before being forced by the US government to shut down in 1942, with the face still in mineralization. Historic channel samples from this drifting assayed up to 481 gpt gold over 1.2 m, 142 gpt gold over 2.5 m and 21 gpt gold over 4.5 m.

The historic mine operator never returned to the #1 Vein after the 1942 shutdown, despite the strong recommendations to do so from its geological staff. After World War II ended, the company lost access to most of the Idaho workings. In this era of mining, rock bolting for ground support was not common practice, instead the mine operators used timber extensively for ground support in the Idaho Mine. The serpentinite rocks often swell when exposed to air which damaged the rigid timber supports. After WWII, the company could not afford the manpower to repair and maintain this timber support and focused their efforts primarily on the existing developed reserves in the Brunswick Mine.

In late 1953, the company discovered the eastern end of the Idaho #1 Vein by diamond drilling and immediately began drifting in mineralization towards the abandoned face on I2400 West. They completed 76 m of drifting and the heading was stopped in mineralization when the mine ceased all gold mining in 1955. The company was 414 m from completing the connection to the I2400 West when mining stopped. Assuming the #1 Vein is continuous between the west and east drifts, it would have a strike length of 655 m and is open to further exploration at depth.

About Rise Gold Corp

Rise is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold from 1866-1955. Rise is a US corporation incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) announces that it has negotiated an extension of the remaining payment due for the purchase of the 82-acre parcel of M-1 Industrial land (the “Mill Site” or the “Property”) adjacent to the historic New Brunswick mine shaft in Nevada County, California. The extension of the payment terms will allow the Company to focus its financial resources on the upcoming exploration drill program at the Idaho-Maryland Gold Project. The Mill Site land purchase has previously been disclosed by news releases on August 8th 2017 and April 7th 2107. The Company has invested US$600,000 in the Property to date. The remaining balance of US$1,300,000 payable in four payments over the next year is shown in Table 1. View PDF

Table 1 ‐ Payment Schedule for Mill Site Property Purchase

The Company believes this land purchase is a valuable addition to the Idaho-Maryland Gold Project.

The Mill Site property is located directly adjacent to the Brunswick Mine shaft where the Company currently owns 37 acres of surface land. The Mill Site land previously hosted a major commercial lumber mill and 55,000 ft2 of industrial buildings until 1991. All buildings have subsequently been removed. The property has a large leveled area of ~40 acres. The Mill Site has a recycle pond which was constructed in 1988 and used to collect spray runoff from the lumber mill. The pond has a surface area of approximately 3.7 acres and a design capacity of approximately 40 acre-feet. The pond is believed to be lined with a single 2 ft layer of clay and was designed by a registered civil engineer.

About Rise Gold Corp

Rise is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold from 1866-1955. Rise is a US corporation incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) announces a non-brokered private placement of up to 24,000,000 units at a price of CDN$0.15 per unit for gross proceeds of up to approximately CDN$3,600,000 (the “Private Placement”). Each unit will consist of one share of the Company’s common stock and one non-transferable share purchase warrant exercisable into one additional share of common stock at a price of $0.25 per share for a period of two years from the date of issuance. All securities issued pursuant to the Private Placement will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws, including a minimum six-month U.S. hold period. The Company expects to use the proceeds from the Private Placement for the advancement of the Idaho-Maryland Gold Project. The Company may pay finder’s fees to eligible persons in accordance with applicable securities laws and regulatory policies. View PDF

The securities offered have not been 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 absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp

Rise is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold from 1866-1955. Rise is a US corporation incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) is pleased to provide an update of its corporate activities.

View PDF

The Company has been conducting detailed planning for its upcoming exploration program at the Idaho-Maryland Gold Project. The Company’s upcoming exploration program will be the first significant exploration at the Idaho-Maryland Mine since it was closed in 1956.

The Company will provide a comprehensive update of the upcoming exploration program within the next couple of weeks and is providing an update on other corporate activities in this news release.

Industrial Land Holdings

The Company currently owns 93 acres of M1 zoned industrial land in Nevada County, California which was purchased along with the 2,800 acres of private mineral rights which encompasses the Idaho-Maryland Mine Project. In addition to the 93 acres, the Company has invested US$600,000 into the purchase of an 82-acre parcel (the “Mill Site”) adjacent to the historic New Brunswick mine shaft. A further payment of US$1,300,000 to complete the purchase of the Mill Site is due on September 30th 2017.

The Company will own 175 acres of M1 Zoned Industrial Land upon completion of the Mill Site property acquisition. Rise Gold Corp will be a significant Industrial land holder and will own approximately 18% of the M1 Zoned Industrial land in Nevada County, California.

Divestment of BC Exploration Properties

The Company announces that on July 17th 2017, it returned the exploration stage mineral properties in British Columbia related to the Klondike Gold Corp. (“Klondike”) acquisition announced July 18th 2016. The Company provided a cash payment of $100,000 to Klondike and the agreement has been mutually terminated. There will be no further payments, in relation to the Second Closing, to Klondike which would have required payments of $150,000 in cash, 2,000,000 shares and 1,000,000 warrants.

The Company has now divested itself of all its BC exploration properties and will focus all resources on the development of the Idaho-Maryland Gold Project, located in Nevada County, California.

Debt Settlement

The Company announces that it has settled $95,952.41 in debt by issuance of 417,184 units (each a “Unit”) at $0.23 per Unit where each Unit consists of one common share (a “Share”) and one common share purchase warrant (a “Warrant”).  Each Warrant entitles the holder to acquire one additional Share at an exercise price of $0.40 until May 5, 2019. This debt is related to finders fees on the previous private placement closed on May 8th 2017.

About Rise Gold Corp

Rise is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. The Idaho-Maryland Gold Mine is one of the United States’ greatest past producing gold mines with total past production of 2,414,000 oz of gold from 1866-1955. Rise is a US corporation incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

Rise Preparing to Commence Exploration Campaign at Idaho Maryland Gold Project

• Company preparing to commence exploration program in Fall 2017
• Numerous exploration targets identified in recent Technical Report
• Long history of dramatic exploration discoveries at the Idaho-Maryland Mine

Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) is pleased to announce that preparations are underway to commence an exploration diamond drilling campaign at the Idaho-Maryland Gold Project. View PDF

The Idaho-Maryland Mine has a long history of dramatic discoveries.

In 1851, an outcrop of white quartz containing only low-grade gold values was discovered on the Eureka mining claim. Twelve years after the discovery of this outcrop, the operators of the Eureka Mine sunk a shaft 30 m (100 ft) deep and discovered the rich shoot of the #1 Vein. This major discovery led to the production of 935,000 oz of gold from a single continuous vein, the #1 Vein, at an average mill head grade of 39 gpt gold from 1866 to 1901. Our previous news release dated April 4nd 2017 provides the details of past production at the I-M Mine and is available on www.sedar.com.

In 1925, the Metals Exploration Company lost faith and abandoned the mine after tunneling to within 3 meters of the high grade #3 Vein. As a strong believer in the Idaho-Maryland Mine, Errol MacBoyle acquired the property and soon thereafter discovered the #3 Vein. This life-changing discovery brought huge wealth to the shareholders and the community and was the catalyst for the Idaho-Maryland Mine becoming the highest producing gold mine in the State of California by 1938.

The historic mining company continued to make new discoveries until the operation was forced to close in 1942 in response to the order of the War Production Board and again in 1956 due to the fixed price of gold.

Our recent Technical Report on the Property, authored by Amec Foster Wheeler, is available on the Company website and on www.sedar.com. Numerous exploration targets have been identified at the project as previously disclosed in our news release date June 1st 2017.

Rise CEO, Benjamin Mossman, commented, “After months of work reviewing the mine documents and the recent completion of our Technical Report, our confidence in the Idaho-Maryland Gold Project has only become stronger. It is truly remarkable that a project such as this could have laid idle for over 60 years without a single exploration hole being drilled underneath the historic mine workings. Our mission is to match the faith and discipline of the past explorers of Idaho-Maryland. With 60 years of technological advancement, our vision is that Rise will make the next major discovery at one of the United States’ greatest past producing gold mines”.

The Company is currently preparing drill sites for commencement of exploration diamond drilling to test the down-dip extensions of the #1, #3 and other significant past-producing veins at the Idaho-Maryland Mine. The Company anticipates that drilling will commence this fall. The Company is currently establishing offices and facilities in California and expanding its staff to manage and conduct the exploration program.

About Rise Gold Corp

Rise is an exploration-stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. The Idaho-Maryland Gold mine is one of the United States’ greatest past producing gold mines with total past production of 2.4 Moz of gold from 1866-1955. Rise is a US corporation incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp

For further information, please contact:

RISE GOLD CORP
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risegoldcorp.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130

Benjamin Mossman, P.Eng, CEO of the Rise Gold Corp, is the Qualified Person responsible for the content of this news release. The CSE has not reviewed, approved or disapproved of the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

• NI43-101 Technical Report by Amec Foster Wheeler completed.
• Numerous exploration targets identified at Brunswick Mine below 1600 ft (488 m) depth.
• “Rose Garden” 23 Vein was discovered just prior to WWII shutdown and work never recommenced.
• Large exploration target (Crackle Zone) for mineralized gold-quartz stockwork at depth.

Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) announces the completion and results from its study of historic mine workings and geology at the past producing Idaho-Maryland Mine (the “I-M Mine”), located in the very productive Grass Valley District of northern California. View PDF

The Company is pleased to announce the completion and filing on SEDAR of an independent geological report prepared in accordance with National Instrument 43-101 pertaining to the Idaho-Maryland Gold Project. The Technical Report on the Idaho-Maryland Project Grass Valley California, USA (the “Report”) was completed by Amec Foster Wheeler Americas Limited “Amec”, an industry leader in global mining solutions. The Report dated effective June 1st 2017, was authored by Mr. Greg Kulla, P. Geo, a Principal Geologist with Amec.  The Report is available on the Company website, www.risegoldcorp.com, and on www.sedar.com.

The Report identifies numerous exploration targets in and around the historic I-M Mine workings which warrant further evaluation to determine their importance. The most significant exploration targets identified at the Idaho-Maryland Gold Project are in untested ground below the historic mine workings. These targets are the Idaho #1 Vein, Crackle Zone, Brunswick, and 3 Vein System.

The I-M Project hosts numerous exploration targets that warrant drilling and the exploration of these targets will require a significant drill program. These targets range from vertical depths of 1,600 ft (488 m) to 5,000 ft (1,524 m).
A summary of the major exploration findings of the Report are presented in this news release. Readers are recommended to refer to the Report to review figures and tables describing the exploration targets.

Crackle Zone

The Crackle Zone exploration target is a conceptual target based on an idea proposed by consulting geologist, Alan Bateman, that mineralizing fluids responsible for the gold mineralization encountered at the Idaho-Maryland Mine may have formed a zone of intense quartz veins and stockwork within the Brunswick Block in response to the interaction of the Idaho, 6-3, and Morehouse Faults.

In 1948, Alan Bateman spent a month at the I-M Mine studying the geology and mine workings. Alan Bateman was a highly-regarded economic geologist during this era and a graduate of and professor at Yale University.

Bateman prepared a summary of his geological findings and theories of mineralization in his 1948 Report. Bateman described how the three main bounding faults of the Brunswick “Porphyrite” Block, which hosts the Brunswick mineralization, converge at depth resulting in the tapering or narrowing of the Brunswick Block. Bateman believed that as the block narrowed at depth it would be subject to more fracturing and that a large crackled zone could exist. Based on Bateman’s theories of mineralization he believed that the mineralizing solutions would have to pass through this crackled zone and possibly may have formed a large-scale stockwork mineralized body.

The Crackle Zone target generally lies beneath all historic development and drilling but quartz vein and stockwork-hosted gold mineralization identified by drilling, development, and mining of the 52 Vein and 60 Winze area on the I2700 level may represent portions or extensions of this target.

The 52 Vein was discovered during exploration and development across the Brunswick Block from the Idaho #2 Vein to the Morehouse Fault. Extensive stoping of the 52 Vein occurred over an area of approximately 850 ft (259 m) dip-length and 400 ft (122 m) strike-length. A change in stope direction near the inferred Morehouse Fault observed on level plans may indicate the orientation of the 52 Vein was influenced by the Morehouse Fault.  The 60 Winze explored the 52 Vein over a down-dip length of approximately 460 ft (140 ) until the vein pinched into fault gouge at the I2830L.

Historic operators collected 77 channel samples, taken on both walls of the 60 Winze at an average spacing of approximately 6 ft (1.8 m). The weighted average of all channel samples was 0.45 oz/ton Au (15.5 gpt) over a 5.0 ft (1.5 m) width and ranged as high as 2.28 oz/ton Au (78 gpt) over a 5.8 ft (1.8 m) width.

Numerous historic diamond drill holes and historic records suggest that an extensive amount of stockwork mineralization of unknown grade is present in the walls of the 52 Vein. The historic diamond drilling was completed at less than optimal angles to the mineralization, typically down dip and along strike. Historic drill hole I2400-31 intersected 0.48 oz/ton Au (16.5 gpt) over 30 ft (9.1 m). This intercept is located approximately 410 ft (125 m) up-dip from the top of the stoping of 52 Vein on the 2700 level and may represent an up-dip extension of 52 Vein.  Drill hole I2400-30 intersected an interval of 0.12 oz/ton Au (4.1 gpt) over 19.9 ft (6.1 m) and an interval of 0.16 oz/ton Au (5.4 gpt) over 43.7 ft (13.3 m). These mineralized intercepts may represent mineralized stockworks or veins in the footwall of the main 52 Vein. The true width of these intercepts cannot be estimated as there is insufficient data to confirm the orientation of the mineralization.

The Crackle Zone target forms a wedge-shaped area 2,000 ft (610 m) wide and 500 ft to 100 ft (150 m to 30 m) thick at the I2700 Level and plunging as much as 5,000 ft (1,520 m) to the southeast where it pinches out against the intersection of the Idaho, Morehouse, and 6-3 Faults. Within this zone, gold mineralization may occur in shallow dipping quartz veins and irregular quartz vein stockworks in metavolcanic rocks that may be highly fractured due to the interaction of the Idaho, Morehouse, and 6-3 Faults as proposed by Bateman.

Brunswick Mine

The historic Brunswick Mine offers many areas with potential for discovery of mineralization, particularly the extension of the Brunswick veins below the existing stopes and in an untested area in the immediate footwall of the 6-3 Fault.

At least seven major Brunswick veins are essentially unexplored below the 1600 Level. These sub-parallel, vertically dipping mineralized veins were extensively mined above the 1600 Level along strike lengths ranging from 430 ft (131 m) to 1,000 ft (305 m) over vertical distances reaching up to 1,000 ft (305 m). The Brunswick veins generally range from several inches up to 8 ft (2.4 m) in width. Below the 1600 Level, development is limited to the 1880, 2300 and 3280 levels; the 3280 Level is the deepest level in the Brunswick Mine. Two of the major veins (10 Vein and 16 Vein) were partially explored and locally exploited below 1600 Level, while five of the seven major veins (30 Vein, 18 Vein, 128 Vein, 31 Vein, and 1 Vein) have received only minimal or no exploration below the 1600 Level.

In the Brunswick Mine, the richest mineralization was typically found near the 6-3 Fault. Below the 1600 Level, development in the southern region of the Brunswick Mine deviated to the west, away from the 6-3 Fault leaving a region of unexplored ground in the footwall adjacent to the fault approximately 500 ft to 1,000 ft (152 m to 305 m) thick, 1,000 ft to 2,000 ft (305 m to 610 m) wide, and 1,000 ft to 3,000 ft (305 m to 914 m) down-dip.

3 Vein System Exploration Target

The Idaho #3 Vein was mined continuously over a vertical distance of approximately 1,500 ft (460 m) and an average horizontal strike length of approximately 700 ft (210 m). There were several important veins which splayed from the main #3 Vein, forming the larger 3 Vein System. The most important of which were named the 5 Vein, 13 Vein, and 22 Vein. The 3 Vein ranged in dip from 45° to 70°, with an average inclination of approximately 55°. An average vein width of approximately 5 ft (1.6 m) was typical but in places reached widths of over 20 ft (6 m).

Similar to the Idaho #1 Vein, the diabase dikes adjacent to the quartz veins were found to be mineralized in many areas. There were some areas in the 3 Vein System where highly mineralized diabase was mined in important volumes. For example, the occurrence of mineralized diabase adjacent to the quartz vein in the 13 Vein on Idaho 1250 Level allowed mining widths of up to 36 ft (11 m).

In addition to the down-dip potential of the 3 Vein System there is potential for discovery of mineralization within the serpentinite unit.

In 1940, mineralization was intersected by exploration drifting 2,000 ft (610 m) east of the #3 Vein on the I2000 Level. The mine operator was following the Idaho #5 Vein towards the 6-3 Fault and located the 23 Vein by diamond drilling. This area, known as the 23 Vein or Rose Garden, dips to the northwest as opposed to the southwest and is hosted entirely in serpentinite.  The 23 Vein was followed along strike to the southwest and was found to intersect the 6-3 Fault.

The Rose Garden is hosted entirely in serpentinite and is quite narrow but was noted to contain abundant visible gold. Historic operators called this zone the “Rose Garden” due to the poor ventilation in the dead-end heading resulting from the long distance from the main level access. In February 1941, development of an exploration raise (#1 Raise) commenced on the 2000 Level; #1 Raise was developed 90 ft (27 m) along the dip of 23 Vein. In June 1942, downward development of the 23 Winze commenced in the same location. The 23 Winze was halted in October 1942 due to the war time closure after reaching a vertical depth of 85 ft (26 m) below the Idaho 2000 Level. Mine geologists reported that the quartz at the bottom of 23 Winze was of “good assay value” and recommended that development of the winze and sub-drifting from the winze be recommenced after the wars duration. During the war, the access tunnels to this area became inaccessible and no work was ever recommenced in the Rose Garden. An effort to re-access the area in 1951 was attempted but was subsequently abandoned due to insufficient resources.

Historic mine operators collected 40 channel samples in the 23 Winze which averaged 0.42 oz/ton Au (14.3 gpt) over a 3.5 ft (1.1 m) width, with values up to 0.80 oz/ton Au (27 gpt) over a 7.8 ft (2.4 m) width and 5.36 oz/ton Au (184 gpt) over a 1.1 ft (0.3 m) width.

In the #1 Raise, historic mine operators collected 31 channel samples. Samples in the #1 Raise averaged 0.96 oz/ton Au (33.1 gpt) over a 1.9 ft (0.6 m) width with values up to 1.74 oz/ton Au (60 gpt) over 4.5 ft (1.4 m) and 14.10 oz/ton Au (483 gpt) over 0.5 ft (0.2 m).

There are no historic exploration drill holes or mine workings which explore the area below the 23 Vein. However, on the 3280 Level there are several promising historic mineralized drill intercepts in the general area below the Rose Garden which may be related and indicative of exploration targets in the area. In 1951, drill hole B3280-08 intersected 0.28 oz/ton Au (9.6 gpt) over 9.0 ft (2.7 m) in mineralized diabase and drill hole B3280-09 intersected 0.07 oz/ton Au (2.5 gpt) over 26.5 ft (8.1 m) and 0.17 oz/ton Au (5.8 gpt) over a 7.8 ft (2.4 m) width, both of which were in serpentinite. These drill holes are located approximately 1350 ft (410 m) horizontally to the southeast and 1,650 ft (500 m) vertically below the 23 Vein winze. The true width of mineralization cannot be estimated as there is insufficient information to determine the orientation of the mineralization with certainty.

The 23 Vein at the Rose Garden appears to be unusually strong for a vein hosted completely in serpentinite. There may be a relationship between the 23 Vein and the 6-3 Fault and this area is virtually unexplored both to depth and upwards towards the surface. Drillhole intercepts below the 23 Vein on the Brunswick 3280 Level are interpreted to be a parallel or related structure to the 23 Vein as they are in a similar position relative position to the 6-3 Fault.  This area presents a new exploration target within the serpentinite surrounding the Brunswick Block, specifically in areas where the fault or other related structures may intersect brittle rocks such as diabase dikes.

#1 Vein

The #1 Vein exploration target has been disclosed previously in a Rise Gold Corp news release dated April 6th 2017.
The #1 Vein exploration target is an area below the current workings of the Idaho #1 Vein. Stoping in the prolific #1 Vein did not continue below the Idaho 1500 Level and based on limited historical mapping from this area, it appears that the mineralization pinched out below the Idaho 1500 Level. Very little exploration and development took place on the #1 Vein after the first mine closure in 1901. In 1922, the 87 Winze was driven to the Idaho 2350 Level. Drift development on the Idaho 2350 Level intersected typical diabase dike hanging wall and serpentinite foot wall rock but mineralization was reported to be very narrow.  The area was not further explored until 1942 when the major capital project, including sinking the new 45 Winze within the serpentinite wrapping around the nose of the Brunswick Block, was completed to the Idaho 2400 Level.

In 1942, the I-M Mine completed 540 ft (165 m) of development in well mineralized quartz along the Idaho 2400 Level West. Numerous channel samples were taken over the 540 ft (165 m) length. A total of 89 channel samples, taken in the quartz vein at a spacing of approximately 6 ft show a weighted average grade of 1.58 oz/ton gold (54 gpt) over an average width of 1.79 ft (0.5 m). A total of 68 channel samples from the vein wall show a weighted average grade of 0.19 oz/ton Au (7 gpt) over an average width of 4.57 ft (1.4 m). Development of the Idaho 2400 West heading was halted in August 1942 due to the war time shutdown. Access to the area was lost due to the shutdown and no development occurred in this area subsequent to the war.

The I-M Mine completed 250 ft (76 m) length of drifting on the Idaho 2400 Level East. Development was halted in 1939 due to the inability to locate the vein. Development on the east side remained idle until October 1953 when the vein was located by diamond drilling. Development of the Idaho 2400 East continued until March 1954 just before the mine was closed. At the time of shutdown, reports indicate that the vein and the adjacent diabase dike were “well mineralized” over a width of approximately 30 ft (9 m).

Benjamin Mossman, P.Eng is the Qualified Person responsible for the content of this news release.

About Rise Gold Corp.

Rise is an exploration stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA.  Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risegoldcorp.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.  Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) is pleased to announce that announce that it has closed the non-brokered private placement announced in its April 11, 2017 news release ease (the “Financ-ing”).  The Financing was slightly oversubscribed as the Company received a very positive re-sponse from investors. View PDF

The Company has raised a total of $2,072,257 through the sale of 9,009,814 units (each a “Unit”) at $0.23 per Unit where each Unit consists of one common share (a “Share”) and one common share purchase warrant (a “Warrant”).  Each Warrant entitles the holder to acquire one additional Share at an exercise price of $0.40 until May 5, 2019.  The Company will pay find-ers’ fees in accordance with CSE policies of a total of $101,772 and issue a total of 442,489 finders’ warrants (each a “Finders’ Warrant”) where each Finders’ Warrant entitles the holder to acquire one Share a price of $0.40 until May 5, 2019.

The Company also announces that is has dropped its option on the Indata BC property that it held with Eastfield Resources Inc.

This press release does not constitute an offer to sell or a solicitation of an offer to buy se-curities in the United States.  The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securi-ties Act”), or any state securities laws and may not be offered or sold in the United States except in compliance with one or more exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Gold Corp.

Rise is an exploration stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA.  Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risegoldcorp.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130
Email: mario@skanderbegcapital.com

Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE, OTC: RYES) (“Rise” or the “Company”) is pleased to announce that Mr. Alan Edwards has been appointed a Director and Chairman of the Board of the Company. The Company is also pleased to announce the appointment of Dr. Thomas Vehrs as a Director of the Company. View PDF

Mr. Alan Edwards is an experienced executive and engineer with over 35 years of experience in the mining industry. Mr. Edwards was the General Manager for three major mining operations in the United States and the Senior Vice President of Operations for Freeport Indonesia where he was responsible for the leadership of a workforce of over 6,000 employees. Mr. Edwards served as the Vice President Operations for Kinross Gold Corporation and as the Chief Operat-ing Officer for Apex Silver Mines where he directed the successful construction of the $675M San Cristobal Mine in the difficult political climate of Bolivia. Mr. Edwards has served on nu-merous boards of public companies including as Chairman of AuRico Gold Corporation during a period of extensive growth which culminated into a successful US$1.5B merger with Alamos Gold. Mr. Edwards holds an MBA and a Mining Engineering degree from the University of Arizona.

Dr. Thomas Vehrs is a highly regarded and experienced exploration geologist with over 40 years of experience in the Americas. During his career, Dr. Vehrs has conducted and managed numerous exploration programs resulting in the discovery and delineation of major copper, gold and silver deposits, including the Los Pelambres porphyry copper deposit in Chile, the Northumberland sediment-hosted gold deposit in central Nevada, the Rio Blanco porphyry cop-per deposit in northern Peru and orogenic gold deposits in Central Guatemala. For the past ten years, Dr. Vehrs held the position of Vice President of Exploration for Fortuna Silver Mines and was responsible for the development and execution of exploration programs at the Cayl-loma Mine in Peru and the San Jose Mine in southern Mexico. During this period, Fortuna Sil-ver Mines was successful in expanding the resources, reserves and production rate at the San Jose Mine resulting in a market capitalization in excess of $1 B. Dr. Vehrs holds a Ph.D. in ge-ology from Syracuse University and served as an officer in the U.S. Army Corps of Engineers.

The Company announces that Mr. Fred Tejada has resigned as President, Secretary and Director of the Company and announces that Mr. Brad Scharfe has also resigned from the board of di-rectors. The Company thanks Mr. Tejada and Mr. Scharfe for their excellent work in the suc-cessful acquisition of the Idaho-Maryland Gold Project. Mr. Benjamin Mossman will remain as CEO and Director and has been appointed President of the Company. Mr. Cale Thomas will remain as CFO and Director and has also been appointed Secretary of the Company.

In connection with their appointments, the Company announces the grant of 500,000 incentive stock options to Alan Edwards and the grant of 400,000 incentive stock options to Tom Vehrs at an exercise price of $0.28 per share for a period of 3 years.

About Rise Gold Corp.

Rise is an exploration stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA.  Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risegoldcorp.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130
Email: mario@skanderbegcapital.com

Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE (formerly UPP), OTC: RYES) (the “Company”) announces that it will recommence trading on the Canadian Securities Exchange (the “CSE”) at market open this morning, April 11, 2017 under its new symbol, RISE.

The Company’s trading symbol on the US OTC market will remain RYES.

View PDF

About Rise Gold Corp.

Rise is an exploration stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:
Benjamin Mossman
CEO and Director
Rise Gold Corp.

For further information, please contact:
RISE GOLD CORP.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risegoldcorp.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130
Email: mario@skanderbegcapital.com

Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE, OTC: RYES) (the “Company”) announces a non-brokered private placement of up to 8,700,000 units at a price of $0.23 per unit for gross proceeds of up to approximately $2,000,000 (the “Private Placement”). Each unit will consist of one share of the Company’s common stock and one nontransferable share purchase warrant exercisable into one share of common stock at a price of $0.40 for a period of two years from the date of issuance. All securities issued pursuant to the Private Placement will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. The Company expects to use the proceeds from the Private Placement for general working capital purposes. The Company may pay finder’s fees to eligible persons in accordance with applicable securities laws and regulatory policies.

View PDF

About Rise Gold Corp.
Rise is an exploration stage mining company. The Company’s principal asset is the historic past
producing Idaho-Maryland Gold Mine located in California, USA. Rise was incorporated in
Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:
Benjamin Mossman
CEO and Director
Rise Gold Corp.

For further information, please contact:
RISE GOLD CORP.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risegoldcorp.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130
Email: mario@skanderbegcapital.com

Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE (formerly UPP), OTC: RYES) (the “Company”) announces that the Company has completed its name change to Rise Gold Corp. and that the Company trading symbol on the Canadian Securities Exchange (the “CSE”) has been changed to RISE (CSE:RISE). To effect this change, trading on the CSE will be temporarily halted until official confirmation of CDS and DTC eligibility is received. Notification is expected to be received shortly at which time the Company’s shares will resume trading on the CSE. The Company’s trading symbol on the US OTC market will remain RYES.

Read PDF

About Rise Gold Corp.
Rise is an exploration stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:
Benjamin Mossman
CEO and Director
Rise Gold Corp.

For further information, please contact:
RISE GOLD CORP.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risegoldcorp.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130
Email: mario@skanderbegcapital.com

Vancouver, British Columbia – Rise Resources Inc. (CSE: UPP, OTC: RYES) (“Rise” or the “Company”) announces that it has changed its name to “Rise Gold Corp.” effective immediately. The Company will issue a further news release to advise when it will commence trading under its new name and trading symbol on the Canadian Securities Exchange (“CSE”).

View PDF

The Company also announces that it has granted 500,000 stock options to John Anderson, a director of the Company, pursuant to its stock option plan. Each option vests immediately and is exercisable into one share of the Company’s common stock at a price of $0.27 per share until April 3rd, 2022.

Property Purchase Agreement Extension

The Company also announces that it has extended its agreement to purchase 82 acres of land (the “Mill Site”) in Grass Valley, California, USA.

The Company has paid a total deposit of USD$300,000 to the vendor in exchange for the rights to purchase the Mill Site for an additional USD$1,600,000 on or before June 30th, 2017 (the “Land Acquisition”).

The Mill Site is located directly adjacent to the Brunswick Mine shaft where the Company currently owns 37 acres of surface land. The site was used for a commercial saw mill until 1991 and all buildings and machinery have subsequently been removed. The Mill Site has a leveled area of ~40acres and a 4-acre settling pond. The settling pond is adjacent to the Brunswick Mine shaft.

The Company believes that this additional surface land will be complementary to the exploration and future development of the Idaho-Maryland Gold Project. The Company is currently conducting due diligence on the acquisition.

The Company has prepared a map showing the features of the land in the Brunswick area which is posted to the Company website and can be downloaded from the following link.

https://riseg.sharefile.com/d-s5523d31dc894465a

Promissory Notes

The Company announces that it has issued promissory notes (the “Notes”) for a total of CDN$220,000 to various arms-length parties. The proceeds of this issue were used in conjunction with the Land Acquisition. The Notes accrue interest as a fee of 10% of their face value every 3 months, in advance, and are repayable on June 29, 2017.

About Rise Gold Corp.

Rise is an exploration stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
CEO and Director
Rise Resources Inc.

For further information, please contact:
RISE GOLD CORP.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risecapitalresources.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130
Email: mario@skanderbegcapital.com

Vancouver, British Columbia – Rise Gold Corp. (CSE: RISE, OTC: RYES) (the “Company”) announces #1 VEIN TARGET AT I-M MINE

View PDF

• Two exploration drifts from 1942 show exploration target of #1 Vein to depth.
• Channel samples assay up to 14.0oz/ton (481gpt) over 3.8ft (1.2m).
• 89 channel samples average 1.26oz/ton (43gpt) with average width of 2.8’†(0.8m) along vein length of 540ft (165m).
• #1 Vein produced 935,000 oz gold at a 1.12oz/ton (39gpt) head grade.

In early April, 2017 Rise Gold Corp released results from its study of the #1 Vein and the exploration completed by the historic mine operation for its downward extension. The Company has been compiling and processing the extensive collection of historical data from the Idaho-Maryland Mine (the “I-M Mine”) since the completion of the acquisition announced on January 25th, 2017.

The I-M Mine produced 2,414,000 oz of gold at an average mill head grade of 0.50 oz/ton (17gpt).

The #1 Vein was the first mineralized vein discovered at the I-M Mine and produced 935,000oz of gold at a mill head grade of 1.12 oz/ton (39gpt). The #1 Vein was discovered from outcrop on surface and mined during the period from 1866-1901.

Details of past production at the I-M Mine and is available on www.sedar.com.

On the Idaho 2400 Level (“I2400”) the #1 Vein was being successfully explored from the west and east sides of the Vein before these headings were shutdown.

On I2400 Level West, the #1 Vein was explored over a 540ft (165m) length with 89 channel samples averaging 1.26oz/ton gold (43gpt) with an average width of 2.8ft (0.8m) and assays as high as 14.0oz/ton (481gpt) over 3.8ft (1.2m).

On I2400 Level East, the #1 Vein was explored over a 250ft length and was reported to be “well mineralized.”

Assuming the #1 Vein is continuous between the west and east drifts, it would have a strike length of 2,150ft (655m) and is open to further exploration to depth. There is no drilling or exploration recorded on the #1 Vein below the I2400 Level.

#1 Vein Geological Description

The #1 Vein is a remarkably continuous quartz vein which was mined from surface down to a depth of 1900ft (~600m). The vein has an average horizontal strike length of ~2600ft (800m). With a dip averaging 70 degrees, the solid quartz portion of the vein ranged in width from a few inches to 8 feet with an average width of approximately 3.5 ft (1.1m).

Similar to other veins at the I-M Mine, gold in the #1 Vein occurs primarily as free gold in quartz. Typically, the gold is finely disseminated throughout the quartz but is also found in rich bunches of specimen gold from where hundreds of ounces of gold can be found in a small area. The country rock around the quartz vein normally contains numerous small quartz stringers which, in many cases, also contain coarse free gold. Sulphides make up a minor portion of the vein accounting for approximately 2% of the mass. Sulphide minerals are primarily pyrite although chalcopyrite, galena, and sphalerite are also present.1,2

The #1 Vein is split into two veins at the surface outcrop on the Eureka Claim and is separated by a diabase dike which has a width of 30ft. Only the northern splay was mined until the two veins converged to a point where both splays could be mined together. The dividing dike on the Eureka Claim is often filled with quartz stringers which allowed the entire mass to be mined in areas. The dividing dike varied in width from a few inches to 6ft and extends to approximately the Idaho claim line where the #1 Vein merged into a single solid quartz vein. Along virtually its entire length, the pay shoot of the #1 Vein has a diabase dike on its hanging wall and serpentinite on its footwall. The diabase and the serpentine walls are altered to ankerite, a calcium carbonate mineral closely related to dolomite.1,2

The diabase dike which forms the hanging wall of the #1 Vein is very important to the formation of the pay shoot of the vein. In locations where the vein enters serpentinite it quickly narrows and loses its character.

A cross section showing the typical geology of the #1 Vein was prepared by Lindgren in 1896 and is displayed in Figure 1.

Figure 1 - Cross Section of #1 Vein (Lingren, 1896)

1. Lindgren, Waldemar. The Gold Quartz Veins of Nevada City and Grass Valley Districts, California (1896)
2. Hamilton, Fletcher. Mines and Mineral Resources of Nevada County (1918)
   Figure 1 –†Cross Section of #1 Vein (Lingren, 1896)

#1 Vein and Diabase Dike in relation to Porphyrite Block

The diabase dike and the #1 Vein have a very close relationship to the contact between the Porphyrite Block, which hosts the Brunswick mineralization, and the serpentinite which hosts the Idaho mineralization. The Idaho veins and mine workings closely wrap around the Porphyrite Block.

The diabase dike can either intrude between the serpentinite and the Porphyrite Block or can be offset from the Porphyrite Block and enclosed in serpentinite. In either case the dip and strike of the diabase dike closely matches that of the Porphyrite Block.

Rise prepared maps showing the close relation of the #1 Vein and mine workings to the geometry of the Porphyrite Block. These drawings can be downloaded from the following link:

https://riseg.sharefile.com/d-sd03e6ed73bf4d8b9

I2400 West

Very little exploration and development took place on the #1 Vein after the I-M Mine closed in 1901.

In 1922, the No. 87 Winze was driven to the I2350 Level. Drift development on I2350L along the #1 Vein was reported to be mineralized but was very narrow. The #1 Vein on I2350L had the typical diabase dike hanging wall and serpentinite foot wall.

The area was not further explored until 1942 when the major capital project of sinking the new 45 Winze was completed to the I2400 Level. The mining crews crosscut into the diabase dike on the south side of the Porphyrite Block and followed the contact towards the north. In March 1942 they intersected the #1 Vein and completed 540 ft (165m) of development in the well mineralized #1 Vein.

Numerous channel samples were taken over the 540ft length which are annotated on the geological maps from the time. A total of 89 channel samples, taken at a spacing of approx. 6ft along the vein, show a weighted average grade of 1.26oz/ton gold (43gpt) over an average width of 2.8ft (0.8m) over the 540ft of length developed. Many excellent grading channel samples were taken which range up to 14.0oz/ton (481 gpt) over 3.8ft (1.2m). Highlights from the channel sampling are displayed in Table 1. The complete table of channel samples can be downloaded from the following link:

https://riseg.sharefile.com/d-s51bbb0a120647ed9

Development of the I2400L West heading was halted in August, 1942 due to the war time shutdown. Access to the area was lost after the war and no development ever recommenced in this area.

The opposite wall of the diabase dike and the serpentinite/porphyrite contact were never tested by drifting or diamond drilling. It is possible that a parallel vein or vein sets could be present similar to which occurred to the #1 Vein on the Eureka Claim.

I2400 East

On I2400 Level East, mining crews started development of the #1 Vein in 1939 but development was halted later that year as they were unable to locate the vein. Development on the east side remained idle until October 1953 when the vein was located by diamond drilling. Development of the #1 Vein on I2400L East continued until March 1954 just before the mine was closed permanently. At the time of shutdown, reports indicate that the #1 Vein and the adjacent diabase dike were “well mineralized.” The #1 Vein was explored over a length of 250’ (76m) on the I2400 East.

On I2400L East, the diabase dike adjacent to the #1 Vein is reported to be “well mineralized” over a width of approximately 30ft (9m). Portions of the highest grading diabase dike were mined during past production of the I-M Mine. Two diamond drill holes tested the adjacent mineralized diabase with intercepts of 0.11oz/ton over 40ft (3.7gpt/12m) and 0.08oz/ton over 19ft (2.7gpt/5.9m).

The diabase/porphyrite contact, on the opposite side of the diabase dike associated with the #1 Vein, was tested in one location by a diamond drillhole which assayed 0.37oz/ton over 2.2ft (13gpt/0.7m).

Summary

A plan map showing the #1 Vein exploration on the I2400L and the isometric views of #1 Vein may be downloaded from the following link:

https://riseg.sharefile.com/d-sd03e6ed73bf4d8b9

The #1 Vein exploration target is summarized as follows:

The #1 Vein has produced 935,000oz of gold at a mill head grade of 1.12 oz/ton (39gpt).

• Recoveries derived from 2,011,000 tons of mill feed from 1936-1941.
• Overall gold recovery of 96.3% reported at I-M Mine during period.
• 67.5% gold recovery by gravity methods.
• 27.6% gold recovery by flotation.

Vancouver, British Columbia – Rise Gold Corp. (CSE: UPP, OTC: RYES) (“Rise” or the “Company”) announces the results from its study of metallurgical recoveries from the past producing Idaho-Maryland Gold Mine (the “I-M Mine”).

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The Company estimates the I-M Mine has produced 2,414,000 oz of gold at an estimated average mill head grade of 0.50 oz/ton (17.1gpt). Our previous news release dated April 4th, 2017 provides the details of past production at the I-M Mine. The Company has been compiling and processing the extensive collection of historical data from the I-M Mine since the completion of the acquisition announced on January 25th 2017. The Company has completed a study of the reported metallurgical gold recovery during a period of continuous production from 1936-1941. The Company possesses the original records of the detailed monthly reports for the mineral processing at the I-M Mine from the period of 1936-1941. The Company believes it possesses the complete records of the mine during this period. The I-M Mine’s historical financial statements, which recorded the results from bullion sales, appear to reconcile with the historical production and the reported metallurgical recovery rates included in the historical data that the Company has reviewed.

Total gold recovery from the processing of 2,011,000 tons of mineralized material from 1936-1941 is estimated at 96.3%, of which 67.5% is estimated to have been recovered by gravity methods.

Process Plant
In the period from 1936-1941, the I-M Mine was in full production and processed through two identical process plants located at the two mining operations within the I-M Mine Property, the Brunswick Mine and the Idaho Mine.

The Idaho mineralization had higher gravity gold recovery of 76% versus Brunswick at 64%. The average flotation concentrate grade for Idaho Mine and Brunswick Mine was 3.6 oz/ton and 4.2oz/ton, respectively.

Gold recovery details for the I-M Mine are displayed in Table 1.

Table 1 – Gold Recovery from 1936-1941**
Mined & Milled     Gold Produced    Mill Head Grade*     Gold Recovery
tons  tonnes oz oz/ton  gpt Gravity Flotation
Tails
Leach Total
 Idaho 632,000  573,000 348,000 0.57  19.4 74.0% 21.2% 2.2% 97.4%
 Brunswick 1,379,000  1,251,000 327,000 0.25  8.5 60.8% 34.3% 0.1% 95.2%
Total 2,011,000  1,824,000 675,000 0.35  11.9 67.5% 27.6% 1.2% 96.3%

*The Company has provided an explanation of “Mill Head Grade” in its previous news release dated April 4th 2017.

**Notes regarding the Qualified Person and data confirmation are disclosed at the end of this
news release.

The process plant at the I-M Mine used the following generalized flowsheet during this period:
1) Ore crushed to -5/8”.
2) Grinding using ball mills.
3) Grinding circuit classification with Dorr Classifiers.
4) Undersize from classifier sent to flotation.
5) Oversize from classify to Deister Tables.
6) Deister Tables to separate gravity gold.
7) Table concentrates sent to amalgamation or cyanide plant.
8) Flotation of classifier undersize.
9) Flotation concentrate to cyanide plant.
10) Leaching of sand fraction of tails in Idaho plant only.

Summary

• Gold recovery from the I-M Mine is reported in detail from the processing of large amounts of mineralized material.
• The I-M Mine achieved an average total gold recovery of 96.3% during the period from 1936-1941.
• Gold recovery by gravity methods was reported to be high with an average of 70.1% of gold recovered.
• The Company believes that technological advances in modern gravity processing equipment might further improve on the amount of gold recovered by gravity methods.
• Historic flotation concentrates are of attractive grades with an average gold content of 3.9oz/ton (134gpt).
• Virtually all gold is free milling as demonstrated by the leaching of flotation concentrates and tailings by the mine during past production.

The Company is currently finalizing its work on the geological model and exploration targets at the I-M Mine and expects to provide further information and updates to its shareholders over the coming weeks.

Benjamin Mossman, P.Eng is the qualified person who has verified the historical metallurgical data disclosed in this news release.

Detailed production, processing, and metallurgical data available from the internal records of the Idaho Maryland Mine are available for the period from 1936-1941. Internal mill reports were completed by the operator on a daily, monthly and yearly basis. Metallurgical data was reconciled by the operator to bullion sales. The metallurgical data from the internal documents was transcribed from the monthly reports and reconciled to the annual reports. In general, the Idaho Maryland Mines Co. appears to have been a well-run company with excellent record keeping. It is believed the entire record of mill reports is contained in the library of documents.

Idaho Maryland Mines Co. Mill Reports (1936-1941)

About Rise Gold Corp.
Rise is an exploration stage mining company. The Company’s principal asset is the historic past
producing Idaho-Maryland Gold Mine located in California, USA. Rise was incorporated in
Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:
Benjamin Mossman
CEO and Director
Rise Gold Corp.

For further information, please contact:

RISE GOLD CORP.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risegoldcorp.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130
Email: mario@skanderbegcapital.com

• Total past production from I-M Mine of 2,414,000oz gold.
• Average mill head grade of 0.50 oz/ton (17.1gpt) gold.

Vancouver, British Columbia – Rise Gold Corp. (CSE: UPP, OTC: RYES)

(“Rise” or the “Company”) announces the results from its study of production data from the Idaho-Maryland Gold Mine (the “I-M Mine”).

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The Company has been compiling and processing the extensive collection of historical data from the I-M Mine since the completion of the acquisition announced on January 25th, 2017. The Company has completed a compilation of the mine production data of the mine’s operation from 1866 through 1955, the final year of production from the mine. The Company estimates that the I-M Mine produced a total of 2,414,000 oz of gold from 5,298,000 of mill feed and that the life of mine average mill head-grade averaged approximately 0.50oz/ton (17.1gpt). I-M Mine Production The mineralization at the I-M Mine can be divided into two general categories:

1. Brunswick mineralization is hosted in quartz veins in a distinct block of igneous rock, termed “Porphyrite”.
2. Idaho mineralization is in quartz veins hosted in serpentinite, which are both wrapped closely around the “Porphyrite Block” that hosts the Brunswick mineralization. Total production for the I-M Mine is detailed in Table 1.

*Notes regarding the Qualified Person and data confirmation are disclosed at the end of this news release.

Idaho Mine

The Company estimates that the Idaho Mine produced 1,621,000oz of gold from 2,193,000 with an estimated average head grade of 0.83oz/ton (28.4gpt), as detailed in Table 1. A single continuous vein, termed the #1 Vein, was mined from 1866-1901. The #1 Vein is estimated to have produced 935,000oz of gold from 978,000   with an estimated average head grade of 1.12oz/ton (38.6gpt).

In 1929, Errol MacBoyle discovered the #3 Vein system which was the catalyst for a dramatic surge in production from 6,000oz gold per year in 1926 to 129,000oz per year by 1940. The #3 Vein system is similar in nature to the #1 Vein but is offset from the #1 Vein.

The #3 Vein and its splays were mined from 1929-1942. Limited mining was completed on the #3 Vein from 1946-1955 due to the loss of access to this area after the war time shutdown. The #3 Vein system is estimated to have produced 686,000oz of gold from 1,215,000 with an average head grade of 0.60oz/ton (20.4gpt).

Metallurgical recovery from the #3 Vein was higher than that of the #1 Vein due to the more sophisticated machinery and processing methods used in the era in which it was mined and processed.

Brunswick Mine

The Company estimates that the Brunswick Mine produced 793,000oz of gold from 3,105,000 at an estimated average head grade of 0.27oz/ton (9.3gpt), as detailed in Table 1.

Errol MacBoyle acquired the Brunswick Mine in 1933 and very quickly made many new discoveries in the mine. By 1940, production from thirteen major veins at Brunswick exceeded that of the Idaho Mine with production of 78,000oz of gold per year at an estimated mill head grade of 0.28oz/ton (9.6gpt).

Brunswick Mine production includes minor production from the Old Brunswick Mine and the adjacent Union Hill Mine, both of which operated before 1918.

Mill Head Grade

The mill head grade is the grade of the mineralized material which is fed into the processing plant to be concentrated into gold bullion. The mill head grade includes mining dilution from un-mineralized rock adjacent to the veins. The mill head grade does not account for metallurgical recovery of gold during the processing of the mineralized material.

Mill head grade accounts for the geometry, continuity, and mining methods for a given deposit and is an important value for mining operations and for comparison between different deposits. For example, a grade reported in a “mineral resource” is an in situ grade without the inclusion of mining dilution or mining recovery which are inherent in all mining operations. A deposit with poor or erratic geometry will likely have considerable mining dilution which will dilute the in situ grade and make full extraction of the valuable minerals more difficult.

For example, for the 2016 Fiscal Year at the Red Lake Mine, Goldcorp Inc. reports a mineral resource grade in the Measured and Indicated category at 19.0gpt gold (0.55oz/ton), a mill head grade of 16.2gpt gold (0.47oz/ton) and a yield after recovery of 15.6gpt (0.46oz/ton).

Information regarding the Red Lake Mine is available on the Goldcorp Inc. website and from www.sedar.com.

I-M Mine Production History from 1926-1955

In 1926, Errol MacBoyle took over management of the I-M Mine and, as President and General Manager, led the mine into its most successful period of production. A graph of production from the Idaho and Brunswick Mines from this period is displayed in Figure 1.

A general history of production of the mine during this period is as follows;

1926 Errol MacBoyle forms Idaho-Maryland Consolidated Mines which acquires the Idaho Mine.
1929 Errol MacBoyle discovers the Idaho #3 Vein at Christmas 1929 which is the catalyst for a major expansion in gold production.
1933 MacBoyle acquires the Brunswick Mine.
1936 New discoveries lead to major expansion in production from the Brunswick mine in subsequent years.
1940 Combined production from both mines reaches 129,000 oz gold production per year.
1941 A one month labor strike and supply shortage due to WW2 impacts mine production. Annual production drops to 114,000 oz gold per year.
1942 Mine ordered to shut down by US government by Limitation Order No. 208.
1943 Errol MacBoyle suffers a stroke which leaves him incapacitated and leads to his eventual death in 1949.
1944 Mine restarts. Loss of access to Idaho Mine and little capital available for exploration and development.
1955 Fixed price of gold at $35/oz and high inflation of costs leads to final shutdown in 1955. Total post war production of 425,000oz gold.

A plan map showing all mine workings and mined areas can be downloaded from the following link:
https://riseg.sharefile.com/d-sb19079893024f168

The Company expects to provide further information and updates to its shareholders over the coming weeks.

Benjamin Mossman, P.Eng is the qualified person who has verified the historical production data disclosed in this news release.

Detailed production information from the internal records of the Idaho Maryland Mine are available for the period from 1926-1955. Whenever possible, mill reports were reconciled against financial statements and submissions to by the company to the US Bureau of Mines. Where reconciliation between documents was possible, only minor variations in production reporting were noted. In general, the Idaho Maryland Mines Co. appears to have been a well-run company with excellent record keeping. The entire library of documents is no longer fully complete but there is sufficient material to make an accurate estimate of historic production during this period. The following materials were used to prepare an estimate during the period from 1926-1955.

Idaho Maryland Mines Co. Financial Statements (1926-1932,1934-1942)
Idaho Maryland Mines Co. Mill Reports (1933-1942, 1946-1950)
Idaho Maryland Mines Co. Final Distributions Sheets (1944,1945)
Idaho Maryland Mines Co. Breakdown of Income and Expenses (1946-1949)
Idaho Maryland Mines Co. Cost Data & Cost Sheets from (1946-1949)
Idaho Maryland Mines Corp. Lode Mine Production Report to US Bureau of Mines (1944-1945,1947-1948,1950,1952,1953,1955)

For the period prior to 1926 there were no internal corporate records regarding historic production. The qualified person believes this information is reliable but the source documents used by the authors of these documents are not available for reconciliation. The following documents were used to prepare an estimate during the period from 1866-1925 Lindgren, Waldemar. The Gold Quartz Veins of Nevada City and Grass Valley Districts, California (1896)
Hamilton, Fletcher. Mines and Mineral Resources of Nevada County (1918)
Clark, Jack. Gold in Quartz: The Legendary Idaho Maryland Mine (2005).

Detailed records of metallurgical recoveries from the I-M Mine prior to 1924 are not available. From 1924-1930 gold recoveries ranged from 72% to 89% using a similar process to that used in the years prior to 1924. Lindgren (1896) estimated that gold mills in the Grass Valley mines averaged 75% metallurgical gold recovery but noted that the I-M mine was unique in that it treated the tailings from its concentrates by secondary processes. The Company has assumed a metallurgical recovery of 85% for the pre-1924 processing at the I-M mine which it believes is the best estimate possible given the information available.

About Rise Gold Corp.

Rise is an exploration stage mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA. Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
CEO and Director
Rise Gold Corp.
For further information, please contact:

RISE GOLD CORP.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risecapitalresources.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130
Email: mario@skanderbegcapital.com

Vancouver, British Columbia – Rise Resources Inc. (CSE: UPP, OTC: RYES) (“Rise” or the “Company”) is pleased to announce that it has engaged Skanderbeg Capital Advisors Inc. (Skanderbeg”) to provide Investor Relations services. The initial contract with Skanderbeg is for a one-year term with a monthly fee of $7,500. In connection with the foregoing appointment the Company announces the grant of 500,000 incentive stock options to Skanderbeg at an exercise price of $0.33 per share for a period of 3 years.

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Benjamin Mossman, CEO of Rise, commented “We are very pleased to have entered into a partnership with the Skanderbeg team who have developed a great reputation for investor relations in the public markets. Rise has already started an intense effort to process the historical documents from the Idaho-Maryland Mine and looks forward to presenting the results from its studies in the near future,”

The Company also announces that it has closed a non-brokered private placement (the “Financing”). The Company has raised a total of $113,750 through the sale of 455,000 units (each a “Unit”) at a price of $0.25 per Unit where each Unit consists of one common share (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional Share at an exercise price of $0.40 until February 6, 2019. In connection with the Financing, the Company agreed to pay finders’ fees of a total of $2,625 and issue a total of 10,500 finders’ warrants (each a “Finder’s Warrant”) where each Finder’s Warrant entitles the holder to acquire one Share a price of $0.40 until February 6, 2019.

Each of the foregoing securities is subject to a statutory hold period of a minimum of six months in accordance with applicable United States and Canadian securities laws.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities referenced herein 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 in the United States except in compliance with one or more exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Resources Inc.

Rise is a junior mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA, and its focus is on advanced mineral projects with demonstrated continuity and the majority of its value in precious metals. Rise also has several exploration properties in British Columbia, Canada. Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
CEO and Director
Rise Resources Inc.

For further information, please contact:

RISE RESOURCES INC.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risecapitalresources.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130
Email: mario@skanderbegcapital.com

• Rise purchases Idaho-Maryland Gold Mine.
• Total past production of 2.4M oz gold at 15g/t after dilution and recovery.
• Production reached 129,000 oz gold per year in 1940 before forced shutdown for WWII.
• Significant historic mineral resource calculation by previous operator.

Vancouver, British Columbia – Rise Resources Inc. (CSE: UPP, OTC: RYES) (“Rise” or the “Company”) is pleased to announce that it has purchased the Idaho-Maryland Gold Mine (the “I-M Mine”) located near Grass Valley, California, USA. The I-M Mine is a major past producing high grade gold mine. The acquisition represents the exercise of the Company’s option to purchase the I-M Mine first referenced in the Company’s news release dated October 6, 2016.

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Based on historic records, the I-M Mine produced a total of 2.4M oz gold at a grade of 15g/t after mining dilution and recovery. The I-M Mine was reportedly the second largest gold mine in the United States in 1941,1 producing up to 129,000 oz gold per year2 before being forced to shut down by the U.S. government in 1942. At that time, the government deemed gold mining as non-essential to wartime production and shut down almost all gold mines in order to reallocate miners, equipment, and supplies to increase production of base metals necessary for the war effort.

The Company has purchased fee simple land upon which the I-M Mine is situated (the “Property”), which includes approximately 93 acres of surface land and approximately 2,750 acres of mineral rights, for a purchase price of US$2,000,000. The Property includes all of the mineral rights assembled by Errol MacBoyle, a highly regarded mining engineer and a then-prominent mining executive in the United States, and the Idaho Maryland Mines Corporation (“IMMC”) over a thirty-year period from 1920. The Property includes the surface rights at the Brunswick vertical shaft, which extends to over 3,000 ft depth and was the main production shaft for the historic mining operation. The Company owns a 100% interest in the Property and there are no royalties on future gold production.

The I-M Mine was a profitable operation before the forced closure in 1942. In the period from 1937 to 1941 the all-in cost of mining averaged ~US$24 per oz3. The I-M Mine was known for having mineralized veins with remarkable continuity. A single vein, the Eureka Vein, produced ~1M oz gold at a grade of 34g/t after dilution and recovery. The Eureka Vein was continuously mined from surface over a pitch length of 1.6km with strike lengths from 150m-300m. Metallurgical recovery during the late years of production was high and ranged from 94-97% gold recovery.4 Approximately 65% of gold was recovered by gravity processes with the remainder recovered by flotation.

The I-M Mine reached production of 129,000 oz gold per year in 19405 before it was ordered to be shut down by the U.S. government in 1942 due to the onset of World War II. In 1942, just prior to the wartime shutdown, Mr. MacBoyle had completed the installation of a brand new headframe and hoist, crushing plant, and complete refit of the processing plant in order to increase production to 2,000 tons per day6 which would have allowed production of approximately 240,000 oz gold per year.

The I-M Mine was restarted on a commercial basis in 1946 but production was severely impacted by lack of working capital. Prior to the shutdown, from 1936 to 1942, over 96% of post-tax income was reportedly paid out to shareholders as dividends.7 MacBoyle suffered a serious stroke in 1943 and was left partially paralyzed and unable to speak. Proxy battles and dissent among members of the board of directors of IMMC compounded the leadership crisis initiated by MacBoyle’s illness which led to his death in 1949. High inflation of costs after World War II, in conjunction with the fixed price of gold at US$35 per oz, resulted in the cessation of gold production at the I-M Mine in 1954.

Due to the circumstances under which the I-M Mine was shut down, the Company believes there is significant potential for additional gold resources left unmined in the existing workings and exploration potential to expand the mineral resources below the historic mine workings. Included in the sale of the Property are the complete historic records of the I-M Mine. The comprehensive records include thousands of documents and maps which show mine workings, production data, drill results, assays, and other important information.

Approximately 70,000 meters of core drilling and 36,000 assays were completed by IMMC. Historic drill results in unmined areas include assay composites of 16g/t gold over 9m and 6g/t gold over 17m. Chip samples taken in unmined areas range up to 1,375g/t Au (40oz/ton gold).

Emgold Mining Corporation held an option on the I-M Mine Property from approximately 1991 to 2013 and completed a mineral resource calculation which is displayed in Table 1. The Company believes this historic resource estimate is relevant but the Company has not verified the mineral resource calculation. A full analysis of all historic production and sampling data will be required in order to verify the historic mineral resource.

Rise Resources Inc. has not done sufficient work to classify the historical mineral resources estimated for the Idaho-Maryland Property as a current mineral resource. Rise is not treating these historical mineral estimates as a current estimate for mineral resources.

The Company cautions that mineral resources that are not mineral reserves do not have demonstrated economic viability. Rise Resources Inc. has not established mineral reserves supported by a NI 43-101 compliant technical report and feasibility study. The Company cautions readers that production may not be economically feasible.

Benjamin Mossman, CEO of Rise, commented “We have been extremely fortunate to acquire what we believe is a Tier 1 gold deposit. The I-M Project was forced to shutdown due to WWII just when it was reaching its full potential. While other great gold deposits have been discovered and mined out over the last 70 years the I-M Mine has been frozen in time. We are excited by this unique opportunity and feel privileged to be a part of the rich history of the Idaho-Maryland Gold Mine.”

The Company’s immediate plans are to commence work on the historical data from the I-M Mine. Company engineers and geologists will process all of the relevant historical data into a digital database and model. The Company intends to complete a NI 43-101 technical report as soon as possible to analyze and consolidate historic production and exploration work and define priority exploration targets. The Company will also commence preliminary engineering studies to define a strategy towards longer term permitting and production goals.

Private Placement Closed

The Company is also pleased to announce that it has closed the non-brokered private placement announced in its December 28, 2016 news release (the “Financing”). The Company has raised a total of $268,000 through the sale of 1,340,000 units (each a “Unit”) at a price of $0.20 per Unit where each Unit consists of one common share (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional Share at an exercise price of $0.40 until January 24, 2019. In connection with the Financing, the Company agreed to pay finders’ fees of a total of $5,220 and issue a total of 26,100 finders’ warrants (each a “Finders’ Warrant”) where each Finders’ Warrant entitles the holder to acquire one Share a price of $0.40 until January 24, 2019.
Concurrent with the closing the Financing, Rise also issued 920,000 Units at a deemed price of $0.20 per Unit to one individual in consideration for introducing the Company to the optionors of the I-M Mine. The Units were issued pursuant to a debt conversion by the individual in the amount of US$140,000, representing a cash commission equal to 7% of the US$2,000,000 purchase price of the Property.

Each of the foregoing securities is subject to a statutory hold period of a minimum of six months in accordance with applicable United States and Canadian securities laws.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities referenced herein 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 in the United States except in compliance with one or more exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Resources Inc.

Rise is a junior mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA, and its focus is on advanced mineral projects with demonstrated continuity and the majority of its value in precious metals. Rise also has several exploration properties in British Columbia, Canada. Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

Mr. Benjamin Mossman P.Eng, CEO of Rise Resources is the qualified person who reviewed and approved the contents of this news release.

On behalf of the Board of Directors:

Benjamin Mossman
CEO and Director
Rise Resources Inc.

For further information, please contact:

RISE RESOURCES INC.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risecapitalresources.com