Rise Gold Corp. announced the assay results from drill hole B-17-01, the first drill hole of the exploration drilling program at the Idaho-Maryland (I-M) Gold Project located in Nevada County, California. Diamond drill hole B-17-01 (the Drillhole) was completed in November 2017. The Drillhole had a total length of 1419 m (4654 ft) and reached a depth of ~1157 m (3794 ft) below surface. The starting azimuth of the Drillhole was 310 degrees and the ending azimuth was 278 degrees with an average inclination of ~55 degrees. An intercept of 62.7 gpt gold over 2.7 m was intersected in the Center Vein of the Brunswick #1 Vein Set, approximately 50 m below the B1600 level at a depth of ~540 m below surface. The true width of the intercept is estimated at 1.4 m. The substantial gold values assayed in the Drillhole are surprising given the limited focus on the Brunswick #1 Vein documented in historic records. The Drillhole intersected three sub-parallel veins at the Brunswick #1 Vein. The B1 Vein Set, including the Center Vein and two sections of internal waste, averaged 12.2 gpt gold over 14.9 m with an estimated true width of 7.8 m. The Company's observation that the wall rocks of the quartz veins hosts high grade gold could have major implications to the interpretation of the historic data from the mine. In most cases, the historic operator reported drill core and channel sample assay results for only intersections of quartz and rarely conducted sampling of the adjacent material. If there are important gold values in the adjacent wall rock, the historic sampling would have greatly underreported the gold grades of the mineralized veins. The Brunswick #1 Vein (the B1 Vein) was mined extensively from surface to the B1600 level by historic operators. The B1600 level is at a vertical depth of ~488 m (1600 ft) below surface and the majority of the historic mining at the Brunswick Mine was conducted above this level. The historic operators completed exploration drifting on the B1 Vein on the B2300 level in the period from 1940-1942 and no further exploration was conducted after the forced mine shut-down during World War II. The Drillhole intersected three sub-parallel quartz veins which are separated by andesite. The vein set, including two sections of internal waste, assayed an average grade of 12.2 gpt (0.36 oz /ton) gold over an estimated true width of 7.8 m (25.6 ft). The Center Vein assayed 62.7 gpt (1.83 oz /ton) gold over an estimated true width of 1.4 m (4.6 ft). More drilling is required to determine if the Center Vein contains the bulk of the gold in the B1 Vein Set or if all three veins are of importance. The Drillhole intersected the B1 Vein 50 m vertically beneath the B1600 level. The location of the intercept implies the B1 Vein dips at approximately 45 degrees. This interpretation correlates with the historic drifting on the B1 Vein at the B2300 level. The dip of the B1 Vein below the B1600 level is shallower than that above the B1600 level which was typically ~70° dip. This change in the dip of the B1 Vein, from 70° to 45°, at or around the B1600 level, was noted and discussed in several historic mining documents. Exploration drifting on the B1 Vein was completed on the B2300 level by the historic operator over a length of ~323 m (1075 ft). Drifting to the east was halted in mineralization in 1942 due to the forced WWII shutdown and work was never recommenced in the area. Drifting was conducted along a single quartz vein which was noted to contain fair to high gold values.