Mr. Daniel Oliver reports

RISE GOLD APPOINTS DAVID WATKINSON AS PRESIDENT AND CEO

Rise Gold Corp. has appointed David Watkinson as president and chief executive officer of Rise Gold and president of the company's wholly owned operating subsidiary, Rise Grass Valley Inc. Mr. Watkinson has also been appointed as a director of the company. In addition, Rise Gold announces the results of its annual general meeting held on Nov. 19, 2025. All resolutions were passed, including the reappointment of Davidson & Co. LLP, chartered professional accountants, as auditor until the next annual meeting and approval of the corporation's long-term incentive plan. Daniel Oliver was appointed chairman of the board.

Mr. Watkinson brings 40 years of professional engineering experience in underground and open-pit mine development and has held senior positions with Placer Dome Inc., Kinross Gold Corp., Thyssen Mining Construction of Canada and Vulcan Materials Company. He was also the president and chief executive officer of Emgold Mining Corp., which controlled Rise's wholly owned Idaho-Maryland (I-M) mine, for approximately 25 years preceding Rise's purchase of the property.

Mr. Oliver, chairman of the board of Rise Gold, commented: "Mr. Watkinson brings decades of technical knowledge about the I-M mine and has kept an office in Nevada county for approximately 20 years, making him known and respected in the local community. The board of directors is confident that Watkinson's leadership will help unlock the value of the I-M mine."

The I-M mine operated nearly continuously from 1862 to 1957, producing an estimated 2.4 million ounces of gold at an average mill head grade of 0.50 ounce per ton (17.1 grams per tonne). From December, 1955, through 1957, the mine produced tungsten with financial support from the Department of Defense. In 2024, the company filed a writ of mandamus against Nevada County after the county's supervisors failed to recognize Rise's constitutionally protected vested right to operate the I-M mine. The company expects a verdict on the writ in the first quarter of 2026.

The company further reports that Joe Mullin has resigned from the board of directors and as president and chief executive officer, effective Nov. 20, 2025, in order to pursue a new opportunity. Mr. Oliver commented: "Mr. Mullin joined the company at a particularly challenging time, as the county was denying approval of the county's own 40,000-page environmental impact report that reported only three significant impacts from the I-M mining project: temporary construction noise, traffic at a single interaction already operating above capacity and visual changes at the project site. He leaves the company with a full treasury and a legal team committed to resisting the county's attempts to convert Rise's property for public use without compensation. The board of directors extends their appreciation to Joe for his efforts and wishes him success in his future endeavours."

The company also announces that it has granted a total of 2.66 million stock options to directors, officers and consultants of the company pursuant to the terms of the company's long-term incentive plan dated Oct. 17, 2025. The stock options are exercisable at a price of 18 U.S. cents per share until Nov. 20, 2030.

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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