Rise Gold trial schedule delayed til March

Mr. David Watkinson reports RISE GOLD ANNOUNCES DELAY IN TRIAL SCHEDULE In its Sept. 16, 2025, press release, Nevada county, Rise Gold Corp. and the Superior Court of California for the county of Nevada agreed to a schedule that anticipated that oral arguments concerning Rise's writ of mandamus would be held on Jan. 9, 2026. On Jan. 8, the court on its own initiative delayed the oral arguments until March 6, 2026. The company submitted the writ on May 13, 2024, asking the court to compel the board of supervisors of Nevada County to follow applicable law and grant Rise recognition of its vested right to operate the Idaho-Maryland mine (the I-M mine). The I-M mine produced 2.4 million ounces of gold at an average mill head grade of 0.50 ounce per ton and was in production before, during and after the county adopted its zoning code, which established a vested right for the I-M mine to operate without a permit. On Dec. 14, 2023, the board rejected the company's vested rights petition because "all mining activities at both the Brunswick and Centennial cites [sic] had ceased by 1956." The county ignored the California Supreme Court's 1996 ruling in the Hanson Brothers case that "cessation of use alone does not constitute abandonment" of a vested right, but rather that the county must show by clear and convincing evidence "an intention to abandon" the right to mine. Rise filed its initial brief in support of the writ on Sept. 6, 2025. The county replied on Nov. 18, 2025, arguing: "A vested right protects only an existing, lawful use that continues in operation, not one that ceased nearly 70 years ago." Rise replied on Dec. 5, 2025, pointing out that "in just the last six years, California counties have applied Hansen Brothers at least four times in public hearings to recognize a vested right to mine at a property where mining had ceased for periods ranging from 53 to 75 years" and listed the four cases. On Dec. 17, the county filed a brief demanding that the court ignore the four cases because they "were never provided to the board" and because "new evidence is not permitted with reply papers." The county demanded the court either ignore the citations or delay the Jan. 9 hearing to give the county time to respond to Rise's reply. On Dec. 23, Rise explained to the court that Rise is "not offering these decisions as factual evidence but as persuasive legal authorities, and the court may take judicial notice of them because they are authentic documents memorializing government acts," that Rise "offered these authorities directly in response to arguments respondents made in their opposition," and that Rise "did cite three of the four decisions to the county in the proceedings below," while the "fourth vested-right determination postdated the proceedings below and so could not have been cited there." Rise pointed out that the county's brief "is an obvious attempt to delay this case, which has already been pending for more than a year and a half despite the closed record and lack of discovery." The court announced the delay in the late afternoon the day before the hearing and gave no reason for its action. David Watkinson, chief executive officer of Rise Gold, commented: "We are frustrated that the court chose to delay resolution of the writ. However, we recognize that the administrative record supporting the writ is voluminous and that this case has broad implications for property rights in the whole State of California." About Rise Gold Corp. Rise Gold is an exploration-stage mining company incorporated in Nevada, United States. The company's principal asset is the historic past-producing Idaho-Maryland gold mine located in Nevada county, California, United States. We seek Safe Harbor.