Mr. Benjamin Mossman reports

RISE GOLD COMPLETES $3.5M FINANCING

Rise Gold Corp. has completed the non-brokered private placement announced in its April 11, 2018, news release.

The company raised a total of $3,516,100 through the sale of 35,161,000 units at 10 cents per unit where each unit consists of one share of common stock and one share purchase warrant. Each warrant entitles the holder to acquire one additional share at an exercise price of 15 cents until April 18, 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 15 cents per share until April 18, 2020.

Southern Arc Minerals Inc., a company listed on the TSX Venture Exchange, has made a strategic investment in the company through the purchase of 20 million 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 per cent of the company's postclosing issued and outstanding shares of common stock.

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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