Mr. Benjamin Mossman reports

RISE ANNOUNCES PRIVATE PLACEMENT

Rise Gold Corp. has arranged a non-brokered private placement of up to 8.7 million units at a price of 23 cents per unit for gross proceeds of up to approximately $2-million. Each unit will consist of one share of the company's common stock and one non-transferable share purchase warrant exercisable into one share of common stock at a price of 40 cents 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 finders' fees to eligible persons in accordance with applicable securities laws and regulatory policies.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The company's principal asset is the historical past-producing Idaho-Maryland gold mine located in California.

We seek Safe Harbor.