Mr. Joseph Mullin reports

RISE GOLD ANNOUNCES A CREDIT FACILITY ARRANGEMENT

Rise Gold Corp. has entered into a credit facility arrangement with an arm's-length lender that also provides services to the company. Pursuant to the arrangement, each month, the lender will advance to the company an amount equal to half of the fees billed by the lender up to $1-million (U.S.). Amounts advanced will bear interest at a rate of 12 per cent compounding annually and will be due four years from the date of the arrangement. The company may repay any amounts owing under the facility at any time without penalty.

In connection with making the credit facility available, the company has agreed to issue one million non-transferable share purchase warrants to the lender. Each bonus warrant will be exercisable into one share of common stock of the company at a price of 16 U.S. cents for a period of four years from the date of issuance. In addition, for each $100,000 (U.S.) advanced under the arrangement, the company has agreed to issue to the lender 200,000 additional non-transferable warrants. Each additional warrant will be exercisable into one share of common stock of the company at any time within a four-year period from the date of issuance at a price equal to the market price of the shares of the company as determined in accordance with the terms of the arrangement.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company incorporated in Nevada, United States. The company's principal asset is the historic past-producing Idaho-Maryland gold mine located in Nevada county, California, United States.

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