Rise Gold Corp. announce a private placement to issue 2,500,000 units at an issue price of CAD 0.26928 per unit for the gross proceeds of CAD 673,200 on September 26, 2023. Each unit comprising one share of common stock and one-half of one share purchase warrant.

Each whole warrant entitles the holder to acquire one share at an exercise price of CAD 40.5327 for a period of two years from the date of issuance. The transaction may include participation from certain directors and officers of the company, directly, through entities controlled by them, or through entities for which they exercise control or direction over investment decisions. All securities issued pursuant to the transaction will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.