Grass Valley, California--(Newsfile Corp. - April 9, 2024) - Rise Gold Corp. (CSE: RISE) (OTCQX: RYES) (the "Company") announces that it has increased the size of the non-brokered private placement previously announced in its April 3, 2024 news release from US$500,000 up to US$750,000 through the issuance of up to 7,894,736 units (each a "Unit") at a price of US$0.095 per Unit (~CDN$0.128 per Unit), with each Unit comprising one share of common stock (a "Share") and one-half of one share purchase warrant (the "Private Placement"). Each whole warrant (a "Warrant") entitles the holder to acquire one Share at an exercise price of US$0.158 (~CDN$0.21) for a period of three years from the date of issuance. The Company further announces it has completed the first tranche of the non-brokered private placement.

In this first tranche, the Company raised a total of US$545,902 through the sale of 5,746,341 units. Warrants issued may be exercised until April 9, 2027. The Company has paid finders fees in accordance with CSE policies of US$885 and issued a total of 9,000 finder's warrants, where each finder's warrant entitles the holder to acquire one Share at a price of US$0.158 until April 9, 2026.

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