Item 8.01 Other Events

On January 23, 2023, Rise Gold Corp. issued a news release announcing it has increased the size of the non-brokered private placement previously announced in its January 18th, 2023 news release from US$1,600,000 to US$2,500,000 through the issuance of up to 6,250,000 units (each a "Unit") at a price of US$0.40 per Unit (~CDN$0.55 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$0.60 for a period of two years from the date of issuance.

Rise Gold will use the proceeds from the Private Placement for the advancement of its Idaho-Maryland Mine Project and for general working capital. All securities issued pursuant to the Offering will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws.

The securities offered have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold absent registration or compliance with an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.

Item 9.01 Financial Statements and Exhibits



Exhibit  Description
No.

  99.1     Press release dated January 23, 2023
104      Cover Page Interactive Data File (embedded withing the Inline XBRL
         document)

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