Rise Gold Corp. announced that, in conjunction with the participation of Southern Arc Minerals Inc. in the recently closed private placement, Mr. John Proust, Chairman and CEO of Southern Arc, has been appointed to the board of directors of the company. J. Proust and Associates Ltd. ('JPA'), a company owned by Mr. Proust, has entered into an agreement with the Company pursuant to which it will provide managerial services to the Company.

The company announced that Mr. Cale Thomas has resigned from the board of directors but will remain as Chief Financial Officer of the company until May 1, 2018, in order to facilitate the transition of administrative services to JPA. Mr. Vince Boon will become Chief Financial Officer and Ms. Eileen Au will be appointed as Corporate Secretary and Treasurer effective as of May 1, 2018. Mr. Boon and Ms. Au are both officers of Southern Arc.