Rise Gold appoints Watkinson as president, CEO

Executive Summary

• Rise Gold Corp. appointed David Watkinson as President, CEO, and Director, succeeding Joe Mullin who resigned effective November 20, 2025.
• Daniel Oliver was appointed Chairman of the Board, and the company reported the results of its Annual General Meeting where all resolutions, including the approval of a long-term incentive plan, were passed.
• The company granted 2.66 million stock options to directors, officers, and consultants under the newly approved long-term incentive plan.

Key Details

• New Appointments:
  • David Watkinson: Appointed President and CEO of Rise Gold Corp. and President of wholly owned subsidiary Rise Grass Valley Inc.; also appointed as a Director.
  • Daniel Oliver: Appointed Chairman of the Board.
• Resignations:
  • Joe Mullin: Resigned as President, CEO, and Director effective November 20, 2025, to pursue a new opportunity.
• Annual General Meeting Results (Nov 19, 2025):
  • All resolutions passed.
  • Reappointment of Davidson & Co. LLP as auditor until the next annual meeting.
  • Approval of the corporation's long-term incentive plan.
• Stock Option Grants:
  • Total of 2.66 million stock options granted to directors, officers, and consultants.
  • Grant date reference: Long-term incentive plan dated Oct 17, 2025.
  • Exercise price: $0.18 USD per share.
  • Expiration date: November 20, 2030.
• Company Context & Legal Status:
  • Principal asset: Idaho-Maryland (I-M) mine in Nevada County, California.
  • Historical production: ~2.4 million ounces of gold (1862–1957).
  • Legal action: Filed writ of mandamus against Nevada County in 2024 regarding operating rights; verdict expected in Q1 2026.

Notable Quotes

• Daniel Oliver (Chairman of the Board): "Mr. Watkinson brings decades of technical knowledge about the I-M mine and has kept an office in Nevada county for approximately 20 years, making him known and respected in the local community. The board of directors is confident that Watkinson's leadership will help unlock the value of the I-M mine."
• Daniel Oliver (Chairman of the Board) on outgoing CEO: "Mr. Mullin joined the company at a particularly challenging time... He leaves the company with a full treasury and a legal team committed to resisting the county's attempts to convert Rise's property for public use without compensation."