Rise Completes Acquisition of Industrial Land at Idaho-Maryland Gold Project

Vancouver, British Columbia–(Newsfile Corp. – May 23, 2018) –
Rise Gold Corp. (CSE: RISE) (OTCQB: RYES) (“Rise Gold” or the
“Company”) announces it has completed the purchase of 82 acres of
fee-simple land (the “Mill Site Property”) adjacent to the historic
New Brunswick mine shaft. The final payment of US$400,000 was made
in May 2018. Total payments to acquire an undivided 100% interest
in the Mill Site Property were US$1,900,000. Rise Gold has invested
a total of US$3,900,000 for the purchase of private land in Nevada
County, California.

The Company has purchased the Mill Site Property to support the
exploration and future development of the Idaho-Maryland Gold
Project. The Mill Site Property is located adjacent to the New
Brunswick mine shaft. Prior to 1991, the Mill Site Property hosted
a major commercial lumber mill and 55,000 ft of industrial buildings. All buildings have
subsequently been removed. The Property has a leveled area of
approximately 40 acres and a large water-recycle pond which was
constructed in 1988. The pond has a surface area of approximately
3.7 acres and a design capacity of approximately 40 acre-feet.
Records indicate that the pond is lined with a 2 ft layer of clay
and was designed by a registered civil engineer.

Rise Gold Corp. is a significant industrial land holder and owns
175 acres of industrial zoned fee-simple land in Nevada County,
California along with the 2,800 acres of private mineral rights
which encompasses the Idaho-Maryland Gold Project.

About Rise Gold Corp

Rise Gold is an exploration-stage mining company. The Company’s
principal asset is the historic past producing Idaho-Maryland Gold
Mine located in Nevada County, California, USA. The Idaho-Maryland
Gold Mine is one of the United States’ greatest past producing gold
mines with total past production of 2,414,000 oz of gold at an
average mill head grade of 17 gpt gold from 1866-1955. Rise Gold is
incorporated in Nevada, USA and maintains its head office in
Vancouver, British Columbia, Canada. Historic production at the
Idaho-Maryland Mine is disclosed in the Technical Report on the
Idaho-Maryland Project dated June 1st, 2017 and available on
www.sedar.com.

 

Forward-Looking Statements

This press release contains certain forward-looking statements
within the meaning of applicable securities laws. Forward-looking
statements are frequently characterized by words such as “plan”,
“expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”
and other similar words or statements that certain events or
conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in
the forward-looking statements are reasonable, there can be no
assurance that such expectations will prove to be correct. Such
forward-looking statements are subject to risks, uncertainties and
assumptions related to certain factors including, without
limitation, obtaining all necessary approvals, meeting expenditure
and financing requirements, compliance with environmental
regulations, title matters, operating hazards, metal prices,
political and economic factors, competitive factors, general
economic conditions, relationships with vendors and strategic
partners, governmental regulation and supervision, seasonality,
technological change, industry practices, and one-time events that
may cause actual results, performance or developments to differ
materially from those contained in the forward-looking statements.
Accordingly, readers should not place undue reliance on
forward-looking statements and information contained in this
release. Rise undertakes no obligation to update forward-looking
statements or information except as required by law.

This article provided by NewsEdge.