FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Proust John		 2. Issuer Name and Ticker or Trading Symbol

Rise Gold Corp. [ RYES ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

C/O SOUTHERN ARC MINERALS INC., SUITE 650, 669 HOWE STREET		 3. Date of Earliest Transaction (MM/DD/YYYY)

2/17/2023
(Street)

VANCOUVER, A1 V6C 0B4
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 2/17/2023  P  392936 A$0.40 (1)1399306 I Gwen Proust 2018 Alter Ego Trust (2)
Common Shares         10000 I Proust Family Trust (2)
Common Shares         36206 D  
Common Shares         111249 I J. Proust & Associates (3)
Common Shares         112865 I Portland Management Inc. (3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)		8. Price of Derivative Security
(Instr. 5)		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Warrants $0.60 (1)2/17/2023  P   196468    2/17/2023 2/17/2025 Common Shares 196468 $0.40 (1)229195 I Gwen Proust 2018 Alter Ego Trust (2)
Director Stock Option (Right to Buy) $0.53 2/21/2023  A   105000    2/21/2023 2/21/2028 Common Stock 105000 $0 105000 D  
Director Stock Option (Right to Buy) $0.89 (4)(5)2/22/2023  D     120000 (5)(6) 4/19/2018 4/19/2023 Common Stock 120000 $0 0 D  
Explanation of Responses:
(1) Pursuant to a unit offering by the Issuer at $0.40 per unit, each unit consisting of one common share and one-half of one common share purchase warrant. Each whole warrant may be exercised for one common share of the Issuer at $0.60 per share for two years.
(2) Trust controlled by the reporting person.
(3) A corporation wholly owned by the reporting person.
(4) Converted from Canadian exercise price of C$1.20 using an exchange rate of C$1.3516 = US$1.00.
(5) Reflects 1-for-10 stock consolidation of the Issuer's common stock on December 16, 2019.
(6) The option was cancelled by mutual agreement of the Reporting Person and the Issuer. The Reporting Person will receive a new option grant in consideration for the cancellation at a future date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Proust John
C/O SOUTHERN ARC MINERALS INC.
SUITE 650, 669 HOWE STREET
VANCOUVER, A1 V6C 0B4		X
Signatures
/s/ John Proust2/22/2023
**Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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