Mr. Benjamin Mossman reports

RISE CLOSES $2M PRIVATE PLACEMENT

Rise Gold Corp. has closed the non-brokered private placement announced in its April 11, 2017, news release. The financing was slightly oversubscribed as the company received a very positive response from investors.

The company has raised a total of $2,072,257 through the sale of 9,009,814 units at 23 cents per unit where each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional share at an exercise price of 40 cents until May 5, 2019. The company will pay finders' fees in accordance with Canadian Securities Exchange policies of a total of $101,772 and issue a total of 442,489 finder warrants where each finder warrant entitles the holder to acquire one share at a price of 40 cents until May 5, 2019.

The company also announces that is has dropped its option on the Indata B.C. property that it held with Eastfield Resources Inc.

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.