Mr. Benjamin Mossman reports

RISE APPOINTS ALAN EDWARDS AND TOM VEHRS TO BOARD OF DIRECTORS

Rise Gold Corp. has appointed Alan Edwards as 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.

Mr. 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 work force of over 6,000 employees. Mr. Edwards served as the vice-president, operations, for Kinross Gold Corp. and as the chief operating officer for Apex Silver Mines, where he directed the successful construction of the $675-million San Cristobal mine in the difficult political climate of Bolivia. Mr. Edwards has served on numerous boards of public companies including as chairman of AuRico Gold Corp. during a period of extensive growth which culminated into a successful $1.5-billion (U.S.) merger with Alamos Gold. Mr. Edwards holds an MBA and a mining engineering degree from the University of Arizona.

Dr. 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 copper deposit in northern Peru and orogenic gold deposits in central Guatemala. For the past 10 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 Caylloma mine in Peru and the San Jose mine in southern Mexico. During this period, Fortuna Silver 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-billion. Dr. Vehrs holds a PhD in geology from Syracuse University and served as an officer in the U.S. Army Corps of Engineers.

The company announces that Fred Tejada has resigned as president, secretary and director of the company and announces that Brad Scharfe has also resigned from the board of directors. The company thanks Mr. Tejada and Mr. Scharfe for their excellent work in the successful acquisition of the Idaho-Maryland gold project. Benjamin Mossman will remain as chief executive officer and director and has been appointed president of the company. Cale Thomas will remain as chief financial officer 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 Mr. Edwards and the grant of 400,000 incentive stock options to Dr. Vehrs at an exercise price of 28 cents per share for a period of three 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, United States.