Mr. Benjamin Mossman reports

RISE ANNOUNCES $3.5M FINANCING

Rise Gold Corp. has arranged a non-brokered private placement of up to 35 million units at a price of 10 cents per unit for gross proceeds of $3.5-million. 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 15 cents 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 U.S. 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 finders' fees to eligible persons in accordance with applicable securities laws and regulatory policies.

About Rise Gold Corp.

Rise is an exploration-stage mining company. The company's principal asset is the historical past-producing Idaho-Maryland gold mine, located in Nevada county, California, United States. The Idaho-Maryland gold mine is one of the United States' greatest past-producing gold mines with total past production of 2,414,000 ounces of gold from 1866 to 1955. Rise is a U.S. corporation incorporated in Nevada, United States, and maintains its head office in Vancouver, B.C., Canada.

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