Mr. Joseph Mullin reports

RISE GOLD CLOSES US$7,000,000 FINANCING

Rise Gold Corp. has closed the non-brokered private placement of units announced in its Oct. 17, 2025, news release.

The company raised a total of $7-million (U.S.) through the sale of 28 million units at a price of 25 U.S. cents per unit (approximately 35 cents per unit). Each unit consists of one share of common stock and one common share purchase warrant. Each warrant entitles the holder to purchase an additional share of the company at an exercise price of 45 U.S. cents (approximately 63 cents) until Oct. 24, 2028.

The company has paid finders' fees in accordance with Canadian Securities Exchange policies of $1,500 (U.S.) and issued a total of 6,000 finders' warrants, with each finder's warrant entitling the holder to acquire one share at a price of 45 U.S. cents until Oct. 24, 2028.

Rise would like to thank each of the subscribers who participated in this private placement to support the company's efforts to unlock the value of the historic Idaho-Maryland-Brunswick mine (the IM mine).

The IM mine produced 2.4 million ounces at a mill grade of 17 grams per tonne from the 1860s to 1956. In 2023, Nevada County published an environmental impact report comprising more than 40,000 pages that concluded that all of the environmental impacts of Rise's proposed project could be mitigated to a "less than significant" effect with three minor exceptions: visual changes to Rise's surface property, temporary noise related to construction and some traffic effects at a single intersection.

County supervisors then denied Rise's permit application on spurious grounds. As previously disclosed by a news release issued on Sept. 16, 2025, the company expects that in the first quarter of 2026 the Superior Court will render its decision on Rise's writ of mandamus filed against the county with regard to the company's vested right to operate the mine. Should the court reject Rise's writ, the county will have taken Rise's mineral estate and will owe just compensation -- the fair market value of the property taken under the fifth amendment of the U.S. Constitution. Based on comparable mines and historic yields at the IM mine, management believes the fair market value of Rise's mineral estate is at least $400-million.

The company would like to thank especially Abdiel Capital Advisors, which invested $3.6-million (U.S.) in this financing and now owns 12 per cent of the company on an undiluted basis, as well as Equinox Partners, which invested $1.4-million (U.S.) in this financing to retain its 19.8-per-cent undiluted interest in the company. Myrmikan Gold Fund also participated, investing $250,000 (U.S.), which puts its undiluted ownership stake in the company at 12.2 per cent.

Joe Mullin, president and chief executive officer, stated: "We are pleased to have Abdiel as a shareholder and also that Equinox retained its 19.8-per-cent interest in the company. Rise is now fully financed to expand its litigation efforts to allow the IM mine to move forward toward development."

Certain directors and officers of Rise Gold, directly, through entities controlled by them, or through entities for which they exercise control or direction over investment decisions, purchased an aggregate of 1.08 million units for gross proceeds of $270,000 (U.S.). The participation of these directors and officers in the financing constitutes a related party transaction under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. Rise Gold is relying on exemptions from the formal valuation requirements of Section 5.4 of MI 61-101 and minority shareholder approval requirements of Section 5.6 of MI 61-101. As the fair market value of the related parties' participation is not more than 25 per cent of Rise Gold's market capitalization, the related party transaction is exempt from the formal valuation requirements pursuant to Subsection 5.5(a) of MI 61-101 and from the minority approval requirements pursuant to Subsection 5.7(1)(a) of MI 61-101. A material change report, as contemplated by the related party transaction requirements under MI 61-101, was not filed more than 21 days prior to closing as the extent of related party participation in the financing was not known until shortly prior to the closing.

All securities issued pursuant to the financing are subject to statutory hold periods in accordance with applicable United States and Canadian securities laws. Under Canadian securities laws the securities are subject to a hold period expiring on Feb. 25, 2026. Rise Gold will use the proceeds from the financing for general working capital, legal expenses and technical work.

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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