Mr. Benjamin Mossman reports

RISE GOLD APPOINTS TECHNICAL ADVISORS AND PROVIDES CORPORATE UPDATE

In conjunction with the participation of Southern Arc Minerals Inc. in Rise Gold Corp.'s recently closed private placement, John Proust, chairman and chief executive officer of Southern Arc, has been appointed to the board of directors of the company. J. Proust and Associates Ltd., a company owned by Mr. Proust, has entered into an agreement with the company pursuant to which it will provide managerial services to the company.

The company announces that Cale Thomas has resigned from the board of directors but will remain as chief financial officer of the company until May 1, 2018, in order to facilitate the transition of administrative services to JPA. Vince Boon will become chief financial officer and Eileen Au will be appointed as corporate secretary and treasurer effective as of May 1, 2018. Mr. Boon and Ms. Au are both officers of Southern Arc.

Technical advisers

The company is also pleased to announce the engagement of certain technical advisers to assist with the advancement of the company's Idaho-Maryland gold project, located in Nevada county, California. The advisers are as follows:

Bob Gallagher has more than 40 years of experience in the mining industry and is a mineral engineer with a specialty in mineral processing. Currently, Mr. Gallagher is a director for Yamana Gold Inc., Japan Gold Corp., Southern Arc Minerals, Capstone Mining Corp. and BC Hydro. Most recently, he held the position of president and chief executive officer at New Gold Inc. Previously, Mr. Gallagher held increasingly senior management roles at Newmont Mining Corp. over a seven-year period, including vice-president of operations, Asia Pacific; vice-president, Indonesian operations; and general manager, Batu Hijau. Earlier in his career, Mr. Gallagher worked at a number of operating mines located throughout the Americas and Asia in various engineering, metallurgical and mine management roles, including most notably 15 years at Placer Dome Inc. Mr. Gallagher has considerable project development and operational experience. He has been recognized by industry associations for his contributions throughout his career, most notably in 2013 he accepted the Prospector & Developer Association of Canada's Viola R. MacMillan Award for company or mine development on behalf of New Gold, and in 2014 he was jointly recognized by the Association for Mineral Exploration British Columbia with the E.A. Scholz Award for excellence in mine development.

Dr. Mike Andrews is a geologist with more than 30 years of research and mining industry experience in gold, copper, coal and iron. He holds an honours degree in geology from the University of Reading, and a doctorate in exploration geochemistry from the University of Wales. Dr. Andrews is currently president, chief operating officer and a director of Southern Arc Minerals, president, COO and a director of Japan Gold, a non-executive director of Tethyan Resources PLC and a director of Q Investments Ltd. He was a founding director of Kingsrose Mining and played an instrumental role in the discovery, exploration, feasibility and development of its Way Linggo gold mine in Indonesia. Dr. Andrews also held the positions of executive director and chief geologist of AuIron Energy Ltd., director of gold operations for Meekatharra Minerals Ltd., and managed the Teck-MM Gold Indonesian joint venture, an exploration portfolio of 13 gold and copper projects in Indonesia. He also held senior exploration positions with Ashton Mining, Aurora Gold, and Muswellbrook Energy and Minerals.

John Carlile is a geologist with more than 35 years of experience in the resource industry. Mr. Carlile has held senior executive and director positions with both major and junior resource companies, including president of Indonesian and Philippines subsidiaries of Newcrest Mining Ltd. As a geologist, Mr. Carlile has a proven record of mineral discovery and business building in Asia, most notably as exploration manager, Asia, for Newcrest Mining when it discovered its Gosowong mine. Mr. Carlile has served on the boards of several resource companies, and currently holds the position of director of Southern Arc Minerals, Equator Gold and Arc Exploration. He holds a BSc in geology from University of Reading, England, and an MSc in mineral exploration from the Royal School of Mines, Imperial College, University of London. Mr. Carlile is a fellow of the AusIMM and a fellow of the Geological Society of London.

Alan Edwards, chairman of Rise Gold, commented: "We welcome John Proust to the board of directors and Southern Arc as significant shareholder of Rise Gold. We believe strongly in the potential of the Idaho-Maryland gold project and appreciate the confidence that John and Southern Arc have shown in our business plan to advance the project."

Mr. Proust, chairman and CEO of Southern Arc, commented: "The Southern Arc team conducted comprehensive due diligence on Rise Gold and the Idaho-Maryland gold project. We were very impressed with the potential of this project and are excited to be a part of Rise Gold and the Idaho-Maryland gold project as part of Southern Arc's strategy to invest early in outstanding gold projects with excellent management and great potential."

Benjamin Mossman, chief executive officer of Rise Gold, commented: "It is a privilege to have a group with this breadth of experience and knowledge as advisers to Rise Gold. The involvement of such accomplished professionals speaks to the potential of the Idaho-Maryland mine. This is a tremendous opportunity as we seek to make a significant discovery at the Idaho-Maryland mine."

Hybrid Financial Ltd.

The company also announces it has retained the services of Hybrid Financial Ltd. to provide it with investor relations services, including marketing, distribution and branding of the company to investment advisers and other registrants. Founded in 2003, Hybrid is a high-impact sales and marketing company working on behalf of clients in the financial services industry. Under the terms of the agreement with Hybrid, the company will pay a monthly fee of $20,000 and the initial term of the agreement is for a period of 12 months.

Stock option grant

The company announces the grant of 6,381,000 stock options to employees, consultants and directors of the company pursuant to the terms of the company's stock option plan. The options are exercisable at 12 cents per share for a period of five years and expire on April 18, 2023.

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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