Document:

Rise Gold Corp.: Exhibit 10.4 - Filed by newsfilecorp.com

EXHIBIT 10.4 

EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is
made effective as of the 1st day of October, 2016.

BETWEEN: 

RISE RESOURCES INC., a company
incorporated under the laws 
of the State of Nevada with an address at 488 -
1090 West 
Georgia Street, Vancouver, BC V6E 3V7

(the “Company”)

AND: 

CALE THOMAS, an individual
having an address at 2261 East 
11th Avenue, Vancouver, BC V5N 1Z7

(the “Employee”) 

WHEREAS: 

A. The Company is focused on exploration and development of
mineral properties in North America (the “Business”); 

B. The Company requires an individual to perform the duties as
set out in Schedule “A” attached hereto (the “Employee’s Duties”).

C. The Employee has the skills and expertise necessary to
perform the Employee’s Duties; and 

D. The Company wishes to employ the Employee in the Lower
Mainland of British Columbia, and the Employee wishes to provide to the Company
the Employee’s Duties in the Lower Mainland of British Columbia, on the terms
and conditions contained in this Agreement. 

NOW THEREFORE in consideration of the mutual promises of the
Company and the Employee (each, a “Party” and together the
“Parties”) hereinafter set forth, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged by
each of the Parties, the Parties covenant and agree as follows: 

	1. 	
      EMPLOYMENT

	 	 
	1.1 	
      Position

	 	 
		
      As of October 1, 2016, (the “Effective Date”), the
      Employee will serve in the position of Strategy Advisor and in such other
      related capacity as the Company may from time to time reasonably require.
      The Employee will report to and take direction from the
  Chief Executive Officer (the “CEO”) of the Company or such
  other person that the CEO may designate from time to time.

-2-

	1.2 	
      Location of Employment

	 	 
		
      The location of the employment and the performance of
      duties will be within the Lower Mainland of British Columbia. The Company
      expects that the Employee be available for occasional travel to various
      branch offices, clients, suppliers and other locations as it sees
      reasonably necessary to the operations of the Company.

	 	 
	1.3 	
      Term of Employment

	 	 
		
      The Employee’s employment with the Company will commence
      on the Effective Date and will continue to March 22, 2021 (the
      “Term”).

	 	 
	1.4 	
      Duties

	 	 
		
      The Employee will perform the Employee’s Duties and such
      other duties as are regularly and customarily performed by a Strategy
      Advisor.

	 	 
	2. 	
      EMPLOYEE’S OBLIGATIONS

	 	 
	2.1 	
      No Conflicting Duties or Obligations

	 	 
		
      The Employee represents and warrants to the Company that
      the Employee does not owe any contractual or other duties or obligations
      to any other person or entity, which may: (a) conflict or interfere with
      this Agreement, or any of the Employee’s Duties or other obligations under
      this Agreement; (b) prevent the Employee from entering into this
      Agreement; or (c) prevent the Employee from performing any of the
      Employee’s Duties or other obligations under this Agreement.

	 	 
	2.2 	
      Service

	 	 
		
      During the Employee’s employment with the Company, the
      Employee shall:

	 	(a) 	
      well and faithfully serve the Company and use the
      Employee’s best efforts to promote the best interests of the
    Company;

	 	 	 
	 	(b) 	
      promote the interests of the Company and not do anything
      which would constitute a conflict of interest between the best interests
      of the Company and the Employee’s personal interests; and

	 	 	 
	 	(c) 	
      become familiar with and comply with the Company’s
      policies, procedures and administrative requirements as they all may be
      amended from time to time.

	3. 	
      COMPENSATION

	 	 
	3.1 	
      Options

	 	 
		
      The Company has granted to the Employee, options to
      purchase an aggregate of 700,000 common shares of the Company (the
      “Stock Options”) pursuant to the terms of the Company’s stock
      option plan and the standard form of stock option agreement
  used by the Company as of the date of grant. These options
      have an exercise price of $0.15 per share and are exercisable until March
  22, 2021.

-3-

	3.2 	
      Cash

	 	 	 	 
		
      The Company will pay a monthly amount to the Employee
      equal to a sum that the Company will from time to time
determine.

	 	 	 	 
	4. 	
      CONFIDENTIALITY

	 	 	 	 
	4.1 	
      Definitions

	 	 	 	 
		(a) 	
      “Confidential Information” means information,
      whether or not originated by the Employee, that relates to the Business or
      affairs of the Company, its affiliates, clients or suppliers and is
      confidential or proprietary to, about or created by the Company, its
      affiliates, clients, or suppliers. Confidential Information includes, but
      is not limited to, the following types of confidential information and
      other proprietary information of a similar nature (whether or not reduced
      to writing or designated or marked as confidential):

	 	 	 	 
			(i) 	
      work product resulting from or related to work or
      projects performed for or to be performed for the Company or its
      affiliates, including but not limited to, the methods, processes,
      procedures, analysis, techniques and audits used in connection
      therewith;

	 	 	 	 
			(ii) 	
      mineral property knowledge or any other geological
      information pertaining to properties that the Company owns or is
      undertaking any research while considering as an investment including the
      fact that the Company is considering any investment at all;

	 	 	 	 
			(iii) 	
      information relating to Developments prior to any public
      disclosure thereof, including but not limited to, the nature of the
      Developments, production data, technical and engineering data, test data
      and test results, the status and details of research and development of
      products and services, and information regarding acquiring, protecting,
      enforcing and licensing proprietary rights (including patents, copyrights
      and trade secrets);

	 	 	 	 
			(iv) 	
      internal Company personnel and financial information,
      vendor names and other vendor information, purchasing and internal cost
      information, internal services and operational manuals, and the manner and
      method of conducting the Business;

	 	 	 	 
			(v) 	
      marketing and development plans, price and cost data,
      price and fee amounts, pricing and billing policies, quoting procedures,
      marketing techniques and methods of obtaining business, forecasts and
      forecast assumptions and volumes, current and prospective client lists,
      and future plans and potential strategies of the Company that have been or
      are being discussed; and

-4-

	 	(vi) 	
      all information that becomes known to the Employee as a
      result of this Agreement that the Employee, acting reasonably, believes is
      Confidential Information or that the Company takes measures to
    protect.

Confidential Information does not
include any of the following: 

	 	(i) 	
      the general skills and experience gained during the
      Employee’s employment or engagement with the Company that the Employee
      could reasonably have been expected to acquire in similar employment or
      engagements with other companies;

	 	 	 
	 	(ii) 	
      information publicly known without breach of this
      Agreement or similar agreements; or

	 	 	 
	 	(iii) 	
      information, the disclosure of which by the Employee is
      required to be made by any law, regulation or governmental authority or
      legal process of discovery (to the extent of the requirement), provided
      that before disclosure is made, notice of the requirement (and the extent
      of the requirement) is provided to the Company (to the extent reasonably
      possible in the circumstances), and the Company is afforded an opportunity
      to dispute the requirement.

	 	(b) 	
      “Developments” means all discoveries, inventions,
      designs, websites, works of authorship, algorithms, drawings, compilations
      of information and analyses, know-how, methods, processes, techniques,
      specifications and source code listings, improvements and ideas (whether
      or not patentable or copyrightable) and legally recognized proprietary
      rights (including, but not limited to, patents, copyrights, trademarks,
      topographies, know-how and trade secrets), and all records and copies of
      records relating to the foregoing, that:

	 	 	 	 
	 		(i) 	
      result or derive from the Employee’s employment or from
      the Employee’s knowledge or use of the Confidential Information;

	 	 	 	 
	 		(ii) 	
      are conceived or made by the Employee (individually or in
      collaboration with others) during the term of the Employee’s employment by
      the Company;

	 	 	 	 
	 		(iii) 	
      result from or derive from the use or application of the
      resources (including without limitation, equipment, supplies, premises) of
      the Company or its affiliates; or

	 	 	 	 
	 		(iv) 	
      relate to the business operations of the Company or to
      actual or demonstrably anticipated research or development by the Company
      or its affiliates.

	4.2 	
      No Conflicting Obligations

	 	 
		
      The Company is employing the Employee based upon the
      Employee’s general skills and abilities. It is a condition of the
      Employee’s employment or continued employment with the Company
  that:

-5-

	 	(a) 	
      the Employee is not in possession of any trade secret,
      confidential or proprietary information of a former employer or other
      party (the “Unauthorized Information”),

	 	 	 
	 	(b) 	
      the Employee does not obtain, keep, use for the Company’s
      benefit, or disclose any Unauthorized Information, and

	 	 	 
	 	(c) 	
      the Employee covenants that the Employee is not a party
      to an agreement with a prior employer or other third party that would
      prohibit the Employee’s employment with the
Company.

	4.3 	
      Confidential Information

	 	 	 	 
		(a) 	
      All Confidential Information, whether developed by the
      Employee any time while the Employee was employed by the Company, or by
      others employed or engaged by or associated with the Company or its
      affiliates or clients, is the exclusive and confidential property of the
      Company or its affiliates or clients, as the case may be, and will at all
      times be regarded, treated and protected as such, as provided in this
      Agreement.

	 	 	 	 
		(b) 	
      The success of the Company is dependent upon the ability
      to protect the Confidential Information from disclosure. In view of the
      foregoing, the Employee agrees to make the following covenants regarding
      the Employee’s conduct during and subsequent to the Employee’s employment
      with the Company:

	 	 	 	 
			(i) 	
      at all times during and subsequent to the Employee’s
      employment with the Company, the Employee will not disclose Confidential
      Information to any person (other than as necessary in carrying out the
      Employee’s Duties on behalf of the Company) without first obtaining the
      Company’s consent, and the Employee will take all reasonable precautions
      to prevent inadvertent disclosure of any Confidential
  Information;

	 	 	 	 
			(ii) 	
      at all times during and subsequent to the Employee’s
      employment with the Company, the Employee will not use, copy, transfer or
      destroy any Confidential Information (other than as necessary in carrying
      out the Employee’s Duties on behalf of the Company) without first
      obtaining the Company’s consent and the Employee will take all reasonable
      precautions to prevent inadvertent use, copying, transfer or destruction
      of any Confidential Information. This prohibition includes, but is not
      limited to, licensing or otherwise exploiting, directly or indirectly, any
      products or services that embody or are derived from Confidential
      Information or exercising judgment or performing analysis based upon
      knowledge of Confidential Information; and

	 	 	 	 
			(iii) 	
      within twenty-four (24) hours after the termination of
      the Employee’s employment for any reason, the Employee will promptly
      deliver to the Company all property of or belonging to or administered by
      the Company, including without limitation, all Confidential Information
      that is embodied in any form, whether in hard copy or on electronic media,
      and that is within the Employee’s possession or under the Employee’s
      control.

-6-

	4.4 	
      Ownership of Developments and Intellectual Property
      Rights

	 	 	 
		(a) 	
      All Developments will be the exclusive property of the
      Company and the Company will have sole discretion to deal with the
      Developments.

	 	 	 
		(b) 	
      The Employee agrees to disclose all of the Developments,
      and that no intellectual property rights in the Developments are or will
      be retained by the Employee. For greater certainty, all work done during
      the term of employment by the Employee for the Company or its affiliates
      is the sole property of the Company or its affiliates, as the case may be,
      as the first author for copyright purposes and in respect of which all
      copyright will vest in the Company or the relevant affiliate, as the case
      may be.

	 	 	 
		(c) 	
      In consideration of the benefits to be received by the
      Employee under the terms of this Agreement, the Employee hereby
      irrevocably sells, assigns and transfers and agrees in the future to sell,
      assign and transfer all right, title and interest in and to the
      Developments and intellectual property rights therein including, without
      limitation, all patents, copyright and copyright registration, industrial
      design registration, trademarks and trademark registration, other
      registrations, analogous grants of rights, and any goodwill associated
      therewith in Canada and worldwide to the Company and the Employee will
      hold all the benefits of the rights, title and interest mentioned above in
      trust for the Company prior to the assignment to the Company. If the
      Employee has any rights to the Developments that cannot be assigned to the
      Company (including moral rights or droit moral), then as against
      the Company, the Employee hereby unconditionally and irrevocably waives
      the enforcement of such rights, and all claims and causes of action of any
      kind with respect thereto. The Employee agrees, at the Company's request
      and expense, to consent to and join in any action by the Company to
      enforce such rights, and agrees that the Employee shall not exercise those
      rights against any third parties without the express written consent of
      the Company. The Employee acknowledges and agrees that the above waiver of
      rights may be invoked by any person authorized by the Company to use
      and/or modify the Developments.

	 	 	 
		(d) 	
      The Employee will do all further things that may be
      reasonably necessary or desirable in order to give full effect to the
      foregoing. If the Employee’s cooperation is required in order for the
      Company to obtain or enforce legal protection of the Developments
      following the termination of the Employee’s employment, the Employee agree
      that the Employee will provide that cooperation both during or after the
      termination of this Agreement (so long as the Company pays to the Employee
      reasonable compensation for the Employee’s time if after the termination
      of this Agreement).

	 	 	 
	4.5 	
      Consent to Enforcement

	 	 	 
		
      The Company has invested significant resources in
      acquiring and developing the Confidential Information and the
      Developments, such that they are valuable assets of the Company. Further,
      the Employee understands that the Employee’s promises set out in Sections
      4.3 and 4.4 are reasonable and valid, and are a material inducement to the
      Company to employ the Employee. Because damages alone for breaches of
      Sections 4.3 and 4.4 may not be an adequate remedy, the Employee
      understands that the Company is entitled to seek an order for specific
      enforcement and injunctive relief from a court of competent jurisdiction
      in the event that you breach of any of the provisions stipulated in
  Sections 4.3 or 4.4.

-7-

	4.6 	
      Continuation of Obligations

	 	 
		
      The Employee’s obligations under this Article 4 remain in
      effect in accordance with each of their terms and will exist and continue
      in full force and effect despite any breach or repudiation, or alleged
      breach or repudiation, of this Agreement or termination of this Agreement
      for any reason.

	 	 
	5. 	
      TERMINATION OF EMPLOYMENT

	 	 
	5.1 	
      Termination by the Employee

	 	 
		
      The Employee may resign and terminate the Employee’s
      employment under this Agreement by giving at least 2 (two) week’s prior
      written notice of the termination to the Company, which notice may be
      waived in whole or in part by the Company at its sole discretion, in which
      case the Company will pay to the Employee, the Employee’s Base Salary for
      the notice period remaining.

	 	 
	6. 	
      GENERAL

	 	 
	6.1 	
      Compliance with Policies and Laws

	 	 
		
      The Employee agrees to abide by all the Company’s
      policies and procedures, including without limitation, the Company’s code
      of conduct. The Employee also agrees to abide by all laws applicable to
      the Company, in each jurisdiction that it does business, including without
      limitation securities laws and regulations.

	 	 
	6.2 	
      Set Off

	 	 
		
      Upon termination of this Agreement for any reason, the
      Employee authorizes the Company to deduct from any payments due to the
      Employee, any amounts the Employee may owe to the Company, including,
      without limitation, advances, loans, purchases made by the Company on
      behalf of the Employee, expense over-payments or amounts paid to the
      Employee on the condition that all or part of such amounts have to be
      repaid to the Company in the event of early termination. This provision
      will be applied so as not to conflict with any applicable legislation,
      including the ESA.

	 	 
	6.3 	
      Amendment of this Agreement

	 	 
		
      Any amendment of this Agreement must be in writing and
      must be signed by both Parties, in order for such amendment to be of
      effect.

	 	 
	6.4 	
      Governing Law

	 	 
		
      This Agreement will be governed by and construed in
      accordance with the laws of the Province of British Columbia. Each of the
      Parties hereby irrevocably attorns to the jurisdiction of the Courts of
      Vancouver, British Columbia, with respect to any disputes arising out of
      this Agreement.

-8-

	6.5 	
      Entire Agreement

	 	 
		
      This Agreement and the documents specifically referred to
      herein constitute the entire agreement between the Parties regarding the
      matters described herein and therein. Any and all previous agreements or
      representations, written or oral, express or implied, between or by the
      Parties relating to such matters are terminated, cancelled or
      withdrawn.

	 	 
	6.6 	
      Severability

	 	 
		
      If any part of this Agreement is declared or held to be
      invalid for any reason, such invalidity will not affect the validity of
      the remainder of this Agreement which will continue in full force and
      effect and be construed as if this Agreement had been executed without the
      invalid portion. It is hereby declared the intention of the Parties that
      this Agreement would have been executed without reference to any portion
      that may, for any reason, be hereafter declared or held invalid.

	 	 
	6.7 	
      Assignment of Rights

	 	 
		
      The Company has the right to assign this Agreement to
      another person. The Employee will not assign the Employee’s rights under
      this Agreement or delegate to others any of the Employee’s Duties or other
      obligations under this Agreement, without the prior express written
      consent of the Company, which consent may be withheld at the Company’s
      sole discretion.

	 	 
	6.8 	
      Waiver

	 	 
		
      Any waiver by a Party of a breach of any provision of
      this Agreement shall not operate or be construed as a waiver of any
      subsequent breach of this Agreement by such Party.

	 	 
	6.9 	
      Enurement

	 	 
		
      This Agreement will enure to the benefit of and be
      binding upon the Parties and their respective heirs, executors,
      administrators, successors, personal representatives and permitted
      assigns.

	 	 
	6.10 	
      Legal Advice

	 	 
		
      The Employee acknowledges and agrees that the Employee
      has had the opportunity to seek, and has not been prevented or discouraged
      by the Company from seeking, independent legal advice prior to the
      execution and delivery of this Agreement by the Employee.

	 	 
	6.11 	
      Currency

	 	 
		
      Unless otherwise specified herein all references to
      dollar or dollars are references to Canadian dollars.

-9-

	6.12 	Further Assurances

	 	 
	 	The Employee and the Company will do,
execute and deliver, or will cause to be done, executed and delivered, all such
further acts, documents and things as the Parties may require for the purposes
of giving effect to this Agreement. 

 

-10-

	6.13 	
      Counterparts/Facsimile Execution

	 	 
		
      This Agreement may be executed in counterpart and such
      counterparts together shall constitute a single instrument. Delivery of an
      executed counterpart of this Agreement by electronic means, including by
      facsimile transmission or by electronic delivery in portable document
      format (".pdf"), shall be equally effective as delivery of a manually
      executed counterpart hereof. The parties acknowledge and agree that in any
      legal proceedings between tem respecting or in any way relating to this
      Agreement, each waives the right to raise any defense based on the
      execution hereof in counterparts or the delivery of such executed
      counterparts by electronic means.

INTENDING TO BE LEGALLY BOUND, the parties hereunto have signed
this Agreement as of the 1st day of October 2016. 

RISE RESOURCES INC. 

	 	“Benjamin Mossman”
    	 
	 		 
	 Per: 	Authorized Signatory 	 

	EXECUTED by Cale Thomas in the 	) 	  
	presence of: 	) 	  
	  	) 	  
	  	) 	  
	Signature 	) 	“Cale Thomas” 
	  	) 	 
    
	Print Name 	) 	Cale Thomas 
	  	) 	  
	Address 	) 	  
	  	) 	  
	  	) 	  
	  	) 	  
	  	) 	  

SCHEDULE “A” 

JOB DUTIES AND RESPONSIBILITIES 

The Employee shall: 

Perform the duties generally associated with the position of a
Strategy Advisor for Rise Resources Inc., among any other responsibilities, and
for any associated companies as requested, and 

Collaborate with other team members and stakeholders.Rise Gold Corp.: Exhibit 10.9 - Filed by newsfilecorp.com

EXHIBIT 10.9 

EXECUTIVE EMPLOYMENT AGREEMENT 
(the “Agreement”) 

THIS AGREEMENT dated as of the 19th day of April,
2017. 

BETWEEN: 

Rise Gold Corp., a Nevada company,
having its principal business 
office at Suite 488, 1090 West Georgia Street,
Vancouver, British 
Columbia, V6E 3V7 

(the “Company”) 

AND: 

BENJAMIN
MOSSMAN 
702-1308 Hornby St, Vancouver, British Columbia V6Z 0C5

(the “Executive” or the “Employee”)

WHEREAS: 

	 	A. 	
      The Company wishes to continue the employ the
      Executive;

	 	 	 
	 	B. 	
      The Executive wishes to continue employment with the
      Company; and

	 	 	 
	 	C. 	
      The parties hereto wish to set out the terms and
      conditions of their employment relationship and to outline the rights of
      the Executive in certain circumstances.

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of
the mutual covenants and agreements hereinafter contained, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree as
follows: 

	1. 	
      DEFINITIONS

For all purposes in this Agreement, 

	 	a) 	
      “CSE” means the Canadian Securities Exchange;

	 	 	 	 
	 	b) 	
      “Change of Control” means:

	 	 	 	 
	 		i. 	
      the acquisition by a Purchaser, directly or indirectly,
      of shares of the Company, which, assuming the conversion, exchange or
      exercise of any convertible or exchangeable shares of the Company
      beneficially owned by the Purchaser, results in the Purchaser beneficially
      owning shares that would entitle the Purchaser for the first time to cast
      more than 50% of the votes attaching to all shares in the capital of the
      Company that may be cast to elect directors;

- 2 - 

	 	ii. 	
      a change in the composition of the Board which occurs at
      a single meeting of the shareholders of the Company or upon the execution
      of a shareholders’ resolution, such that individuals who are members of
      the Board immediately prior to such meeting or resolution cease to
      constitute a majority on the Board, without the Board, as constituted
      immediately prior to such meeting or resolution, having approved of such
      change;

	 	 	 
	 	iii. 	
      the sale, lease, exchange or other disposition of all or
      substantially all of the Company’s assets to a Purchaser; or

	 	 	 
	 	iv. 	
      an amalgamation, merger, arrangement or other business
      combination involving the Company and a Purchaser that results in the
      Purchaser or security holders of the Purchaser owning, directly or
      indirectly, shares of the continuing entity that entitle the Purchaser or
      such security holders of the Purchaser, as the case may be, to cast more
      than 50% of the votes attaching to all shares in the capital of the
      continuing entity that may be cast to elect
directors;

	 	c) 	
      “Company” in this Agreement means Rise Gold Corp. Inc.
      and its subsidiary company or companies, successors and assigns, and where
      the context so requires and subject to the provisions of this Agreement,
      any Purchaser which executes and delivers the agreement contemplated in a
      Change of Control or which otherwise becomes bound to this Agreement by
      operation of law;

	 	 	 	 
	 	d) 	
      “Date of Change of Control” means the date upon which a
      Change of Control is completed;

	 	 	 	 
	 	e) 	
      “Date of Termination” means the date on which the
      employment of the Executive is Terminated by the Company or is terminated
      by the Executive for Good Reason;

	 	 	 	 
	 	f) 	
      “Disability” means:

	 	 	 	 
	 		i. 	
      when the Executive has become physically or mentally
      incapable (excluding infrequent and temporary absences due to ordinary
      illnesses) of properly performing the Services as listed in section 2;
      and

	 	 	 	 
	 		ii. 	
      such incapacity shall exist or be reasonably expected to
      exist for more than one hundred and twenty (120) days in the aggregate
      during any period of twelve (12) consecutive months;

	 	 	 	 
	 	g) 	
      “Good Reason” means the occurrence of any of the
      following events without the Executive’s prior written consent:

	 	 	 	 
	 		i. 	
      a material adverse and fundamental change in the
      Executive’s overall authority and responsibilities with the Company,
      including a material adverse and fundamental change in the nature or scope
      of the functions, duties or responsibilities of the Executive as Chief
      Executive Officer of the Company, from that existing immediately prior to the Date of Change of
      Control, which would constitute a constructive dismissal in the courts of
  British Columbia;

- 3 - 

	
       
		
      ii. 
	
      a material adverse and fundamental change in the
      Executive’s position as an officer or director of the Company as is in
      effect immediately prior to the Date of Change of Control (but excluding
      any change in such position arising by reason of the Executive’s
      disqualification, under applicable law, from serving in such position),
      which would constitute a constructive dismissal in the courts of British
      Columbia;

	
       
	
       
	
       
	
       

	
       
		
      iii. 
	
      the Company relocating or reassigning the Executive to
      any place more than 10 kilometres from the location to which he reported
      for work on a regular basis immediately prior to the Date of Change of
      Control, except for required travel on Company business to an extent
      substantially consistent with the Executive’s obligations immediately
      prior to the Date of Change of Control;

	
       
	
       
	
       
	
       

	
       
		
      iv. 
	
      a material adverse and fundamental change in the
      Executive’s salary or benefits as are in effect immediately prior to the
      Date Of Change of Control, which would constitute a constructive dismissal
      in the courts of British Columbia; or

	
       
	
       
	
       
	
       

	
       
		
      v. 
	
      any other breach by the Company of its material and
      fundamental obligations under this Agreement where such event is not
      removed or remedied by the Company within thirty (30) days following
      receipt of written notice from the Executive to the Company setting out
      the existence of such event. For greater clarity, the giving of such
      notice shall be a condition precedent to the delivery by the Executive of
      a notice of resignation under section 5.3 of this Agreement and receipt of
      the associated compensation provided for in section 5.2 or 5.3 of this
      Agreement;

	
       
	
       
	
       
	
       

	
       
	
      h)
	
      “Just Cause” means any of the following events or
      circumstances:

	
       
	
       
	
       
	
       

	
       
		
      i. 
	
      failure or refusal on the part of the Executive to
      perform the material duties of the Executive’s position in a competent and
      efficient manner where the Executive fails to substantially remedy the
      failure within a period of thirty (30) days after written notice to the
      Executive by the Company (other than as a result of the Executive’s
      incapacity due to physical or mental illness);

	
       
	
       
	
       
	
       

	
       
		
      ii. 
	
      breach by the Executive of contractual covenants
      regarding confidentiality and non-solicitation;

	
       
	
       
	
       
	
       

	
       
		
      iii. 
	
      conviction of an indictable criminal offence in the
      nature of fraud or defalcation;

	
       
	
       
	
       
	
       

	
       
		
      iv. 
	
      financial impropriety, dishonesty or fraud in the course
      of the Executive’s employment;

- 4 - 

	 		v. 	
      wilful misconduct, conduct prejudicial to the Company’s
      business or reputation or activities outside the scope of employment where
      the Executive fails to desist from such misconduct, conduct or activities
      after being requested to do so by the Company; or

	 	 	 	 
	 		vi. 	
      any other reason that would constitute just cause under
      the laws of British Columbia;

	 	 	 	 
	 	i) 	
      “Notice of Termination” means a letter notifying the
      Executive of their termination and specifying the Termination Date and the
      reason for termination;

	 	 	 	 
	 	j) 	
      “Person” means an individual, corporation, partnership,
      trust, unincorporated organization, government or governmental body or
      other entity;

	 	 	 	 
	 	k) 	
      “Purchaser” means subject to the provisions of this
      Agreement, any person, together with every associate or affiliate (as
      defined in the Business Corporation Act (British Columbia)) of such
      person, including any person acting jointly or in concert (within the
      meaning of the Securities Act (British Columbia)) with any of the
      foregoing persons, who hold or purchase, directly or indirectly, assets or
      shares as contemplated in the definition of Change of Control, as
      applicable; and

	 	 	 	 
	 	l) 	
      “Terminated by the Company” means the termination by the
      Company of the employment of the Executive for any reason, but not
      including a termination of the Executive for Just
Cause.

	2. 	
      SERVICES, POSITION AND
TERM

(a) The Company will employ the Executive, and the Executive
will serve the Company, on the terms and conditions set out herein. 

(b) The Executive will hold the position of Chief Executive
Officer and perform those services normally or usually associated with the
position of a senior executive officer, and such additional or other duties
consistent with the position of Chief Executive Officer as may from time to time
reasonably be delegated to the Executive by the Company (the “Services”). The
Executive acknowledges that the effective performance of the Services may
require that the Executive travel from time to time as required by the Company.
The Executive will be employed to perform the Services for a term commencing May
1, 2017 (the “Service Commencement Date”) and the Executive’s employment will
continue until terminated in accordance with the provisions of this Agreement
(the “Term”).

	3. 	
      PERFORMANCE BY EXECUTIVE

The Executive understands and agrees that he will be a
fiduciary of the Company, will perform the Services in a competent and efficient
manner, and will carry out all lawful instructions and directions from time to
time given by the Company’s Board of Directors (the “Board”). 

- 5 - 

The Employee shall devote all of the Employee’s business time
to the Employee’s duties hereunder. The Employee may serve as a member of the
board of directors of another company providing the Employee discloses this
interest to the Board and, also, providing that such interest does not place the
Employee in a position of actual or potential conflict of interest or otherwise
adversely affect the best interests of the Company.

	4. 	
      COMPENSATION AND BENEFITS

	 	 
	4.1 	
      Salary

The Company will pay to the Executive an annual salary of
$180,000 (the “Annual Salary”), less appropriate deductions and/or withholdings
as required by law. The Company, through its Compensation Committee, or in the
case where the Company does not have a sitting Compensation Committee, the Board
of Directors, will review the Annual Salary from time to time during the Term
and may, in its sole discretion, increase the Annual Salary. 

	4.2 	
      Bonus

The Executive may be awarded a cash bonus from time to time.
The award, timing and amount of any such bonus is to be determined at the sole
and absolute discretion of the Board taking into consideration the Company’s
financial ability to fund such a bonus as solely and reasonably determined by
the Board, the Executive’s performance of the Services, and/or the
accomplishment of any specified milestone events or other such parameters as may
be determined by the Board from time to time 

	4.3 	
      Share Incentive Plans

	(a) 	
      The Company shall grant the
Executive:

On the Service Commencement Date, or as soon as practicable
after, subject to the rules of the CSE the Executive will be granted an option
to purchase 5% of the issued and outstanding common shares of the Company (the
“Initial Grant”) at an exercise price per share equal to the closing market
price of the Company’s common shares on the day prior to the date of the Initial
Grant. The Initial Grant shall be fully vested. 

Thereafter, subject to the rules of the CSE, and the terms and
provisions of the Company’s stock option plan, upon subsequent issues of common
stock of the Company, the Executive will be granted an option to purchase
additional shares to maintain the option to purchase 5% of the issued and
outstanding shares of the Company (the “Subsequent Grants”).

(b) The Initial Grant and each Subsequent Grant shall have an
exercise price per share equal to the closing market price of the Company’s
common shares on the day prior to the date of the Grant, be fully vested upon
issue, with expiry terms as determined by the Board and in accordance with the
provisions of the Company’s stock option plan, the rules of the CSE in effect as
of the date of each grant, and any relevant stock option agreements governing
the options. 

- 6 - 

The Initial Grant and each Subsequent Grant shall hereinafter
be collectively referred to as the “Option Commitment”. 

(c) The Company shall permit the Executive to participate in
any other incentive compensation plan, retirement plan or similar plan offered
by the Company from time to time to its senior executives generally in the
manner and to the extent authorized by the Board.

	4.4 	
      Benefits

The Company shall provide the Executive with Executive benefits
comparable to those provided by the Company from time to time to other senior
executives of the Company generally.

	4.5 	
      Vacation

The Executive will be entitled to annual vacation of twenty
five (25) days during each year of the Term, prorated for the first calendar
year of employment, unless otherwise mutually agreed in writing by the Company
and the Executive (the “Vacation”). Unused Vacation time may be carried forward
into the immediate following calendar year and taken in that year as vacation
time or as cash payment at the option of the Executive. 

	4.6 	
      Expenses

The Company will reimburse the Executive for all reasonable
out-of-pocket expenses incurred by the Executive directly related to the
performance by the Executive of the Services. The Executive will account for
such expenses in accordance with the policies and directions of the Company in
place from time to time.

	5. 	
      TERMINATION

	 	 
	5.1 	
      Change of Control

In the event that there is a Change of Control and the
Executive is Terminated by the Company within one (1) year of the Date of Change
of Control, or the Executive terminates his employment with the Company for Good
Reason within one (1) year of the Date of Change of Control: 

	 	i. 	
      Within fourteen (14) days of the effective date of the
      termination of employment, the Company will pay to the Executive a lump
      sum amount equal to three (3) years of the Executive’s then applicable
      Annual Salary; and

	 	 	 
	 	ii. 	
      The Executive’s stock options under section 4.3 will be
      governed by the requirements and provisions of the Company’s stock option
      plan and the rules of the CSE in effect as of the Date of Change of
      Control.

The Company shall require any Purchaser, by agreement, to
assume and agree to perform this section 5.1 in the same manner and to the same
extent that the Company would be required to perform. Failure of the Company to
obtain such agreement prior to the date of a Change of Control will be a
material breach of this Agreement and will entitle the Executive to terminate
the Executive’s employment and, if the Executive does so, the
Executive will be deemed to have been Terminated by the Company and will be
entitled to all compensation and benefits provided for in this section 5.1. 

- 7 - 

The Executive agrees that the amount payable pursuant to this
section 5.1 will be subject to the deduction of income tax and other deductions
and/or withholdings as required by law and will be the maximum compensation to
which the Executive is entitled. Upon payment, the Company will have no further
obligations to the Executive whatsoever with respect to the termination of this
Agreement including, without limitation, further termination or severance pay or
damages. The Company will also have no further obligation to the Executive with
respect to his employment except for the payment of outstanding wages (i.e.
unpaid salary, accrued but unpaid vacation, and earned and awarded bonus) up to
the Date of Termination and the reimbursement of out of pocket expenses in
accordance with section 4.7. For clarity, in no case will the Executive be
entitled to more than one (1) termination or severance payment under this
Agreement. 

	5.2 	
      Payments in the Event of Termination Without Just
      Cause

If the employment of the Executive is terminated by the Company
other than for Just Cause (and not by reason of Change of Control, Disability or
death), then the Company will: 

	 	(a) 	
      pay to the Executive an amount equal to three (3) years
      of the Executive’s then applicable Annual Salary (the “Notice
    Period”);

	 	 	 
	 	(b) 	
      continue the Executive’s participation in the incentive
      plans and benefits provided to the Executive immediately preceding the
      date of the termination (excluding any short or long term disability plan)
      until the earliest of the expiration of the Notice Period set out in
      section 5.2(a) and the death of the Executive; and

	 	 	 
	 	(c) 	
      maintain in effect the Executive’s right to purchase
      shares of the Company in accordance with sections 4.3 (a) and (b) of this
      Agreement until the earliest of the expiration of the Notice Period set
      out in section 5.2(a) and the death of the
Executive.

In the event that the Employee is relocated or reassigned to a
work location in a different city (i.e. other than required travel on Company
business to an extent substantially consistent with the Executive’s obligations)
and the Employee does not elect to accept such relocation or reassignment, this
will be considered a termination without Just Cause and subject to the terms of
section 5.2 but any entitlement which the Employee may have will be subject in
all respects to the duty to mitigate and the ordinary principles of mitigation.

Upon satisfying its obligations under section 5.2 of this
Agreement, the Company will have no further obligations to the Executive
whatsoever, except as required by the Employment Standards Act (British
Columbia). 

- 8 - 

	5.3 	
      Resignation by
Executive

	(a) 	
      The Executive may resign from his employment under this
      Agreement by providing to the Company a minimum of one month’s and a
      maximum of three month’s prior written notice of such resignation and, in
      such case, the Executive will be entitled to exercise all options under
      the Option Commitment, or any other plans and programs, that will have
      vested as of the last full business day before the expiry of the period of
      notice of resignation given by the Executive.

	 	 
	(b) 	
      Upon receipt of written notice of resignation under
      section 5.3(a) of this Agreement, the Company may, at its option,
      terminate the employment of the Executive earlier in which
  case:

	 	i. 	
      the Executive will be entitled to exercise all options
      under the Option Commitment, or any other plans and programs, that will
      have vested as of the last full business day before the expiry of the
      period of notice of resignation given by the Executive; and

	 	 	 
	 	ii. 	
      the Company will pay the Executive an amount equal to the
      Salary payable from the date of termination by the Company until the
      earlier of the expiry of the period of notice of resignation given by the
      Executive and three months from the date the Executive gave notice of
      resignation.

	(c) 	
      Notwithstanding sections 5.3(a) and 5.3(b) of this
      Agreement, the Executive will be entitled to the payments and benefits set
      out in section 5.2 of this Agreement if the Company does anything that
      constitutes a Good Reason and does anything that would constitute a
      constructive dismissal of the Executive by the Company as determined in
      accordance with common law. Upon making or providing such payments and
      benefits, the Company will have no further obligations to the Executive
      whatsoever, except as required by the Employment Standards Act (British
      Columbia).

	5.4 	
      Death

If the Executive dies during the Term, then: 

	 	(a) 	
      employment of the Executive will terminate as of the date
      of death;

	 	 	 
	 	(b) 	
      the Company will pay or provide to the estate of the
      Executive:

	 	i. 	
      unpaid Salary, if any, up to the date of death;
  and

	 	 	 
	 	ii. 	
      any compensation or benefits payable or owing to the
      Executive as of the date of death in accordance with the terms of this
      Agreement or any incentive plans or benefits plans in which the Executive
      was participating immediately prior to his death;
and

- 9 - 

	 	(c) 	
      any options that were granted but not exercised by the
      Executive pursuant to sections 4.3(a) and (b) of this Agreement as of the
      date of death shall vest in accordance with sections 4.3(a) and (b) and
      the Company’s stock option plan, and may thereafter be exercised by the
      estate of the Executive in accordance with this Agreement and the
      Company’s stock option plan.

	5.5 	
      Other Conditions

The obligations of the Company to the Executive on termination
of employment of the Executive by the Company or by the Executive for any reason
are subject to the following conditions: 

(a) the Company may at any time or from time to time amend or
terminate any benefits or plans and programs that are continued or available
after the date of termination of the Executive provided that the subject
benefits or plans and programs are similarly terminated or amended for all
senior executives of the Company; 

(b) the Executive will not be obligated to make reasonable
efforts to find alternative employment for any period during which the Company
is obligated to continue participation in benefits and plans and programs under
section 5, and the participation in benefits and plans and programs pursuant to
section 5 will not be reduced or discontinued as a result of any employment of
the Executive that commences after the employment of the Executive with the
Company ceases; 

(c) the Company agrees to pay interest, compounded quarterly,
on the total unpaid amount payable under this Agreement, such interest to be
calculated at a rate equal to 2% in excess of the prime commercial annual
lending rate for Canadian dollar demand loans announced from time to time by the
Royal Bank of Canada during the period of such non-payment.

	6. 	
      GENERAL PROVISIONS

	 	 
	6.1 	
      Enforceability and
Severability

It is the desire and intent of the parties hereto that the
provisions of this Agreement be enforced to the fullest extent permissible under
the laws applied in each jurisdiction in which enforcement is sought. In the
event that any provision of this Agreement conflicts with the law under which
this Agreement is to be construed or if any such provision is held invalid by a
court with jurisdiction over the parties hereto, such provision will be deemed
to be restated to reflect as nearly as possible the original intentions of the
parties in accordance with applicable law. The remainder of this Agreement will
remain in full force and effect. In the event any such deemed restatement of any
such provision prevents the accomplishment of a fundamental purpose of this
Agreement, the Company and the Executive will immediately commence negotiations
in good faith to provide the party which has been adversely affected by such
restatement with value (in cash or in kind) equivalent to the value that such
party would have received had such provision not been restated. 

- 10 - 

	6.2 	
      Assignment and Benefit

The Executive will not assign or transfer this Agreement or any
rights or obligations hereunder. The Company may assign this Agreement to any
successor to the Company and the provisions hereof will inure to the benefit of,
and be binding upon, each successor of the Company, whether the successor arises
by merger, consolidation or transfer of all or substantially all of its assets.
This Agreement shall enure to the benefit of and be enforceable by the
Executive’s successors and legal representatives. 

	6.3 	
      Confidential Information

The Employee agrees to keep the affairs and Confidential
Information (as defined below) of the Company and its affiliates and any related
corporate entities, associates and shareholders (collectively the “Rise Gold
Corp Group”) strictly confidential, and shall not disclose the same to any
person, partnership, company or other legal entity, directly or indirectly,
during or after his employment with the Company, except as authorized in writing
by the Board or required by law. “Confidential Information” includes, without
limitation, the following types of information or material, both existing and
contemplated, regarding the Rise Gold Corp. Group: corporate information,
including contractual licensing arrangements, plans, strategies, tactics,
policies, resolutions, patents, trade-mark and trade name applications; any
litigation or negotiations; information concerning suppliers; marketing
information, including sales, investment and product plans, customer lists,
strategies, methods, customers, prospects and market research data; financial
information, including cost and performance data, debt arrangements, equity
structure, investors and holdings; operational and scientific information,
including trade secrets; technical information, including technical drawings and
designs; any information relating to any mineral projects in which the Rise Gold
Corp. Group has an actual or potential interest; and personal information,
including personnel lists, resumes, personal data, organizational structure and
performance evaluations. The Employee agrees not to use such information,
directly or indirectly, for his own interests, or any interests other than those
of the Rise Gold Corp. Group, whether or not those interests conflict with the
interests of the Rise Gold Corp. Group during or after his employment by the
Company, except as authorized by the Board or required by law. The Employee
expressly acknowledges and agrees that all information relating to the Rise Gold
Corp. Group, whether financial, technical or otherwise, shall, upon execution of
this Agreement and thereafter, as the case may be, be the sole property of the
Rise Gold Corp. Group, whether arising before or after the execution of this
Agreement. 

The Employee agrees that all documents of any nature whatsoever
pertaining to the activities of the Rise Gold Corp. Group, including
Confidential Information, in the Employee’s possession or control now or at any
time during the Employee’s period of employment, are and shall be the property
of the Rise Gold Corp. Group and that all such documents and copies of them
shall be surrendered to the applicable Rise Gold Corp. Group member when
requested. 

	6.4 	
      Entire Agreement

This Agreement contains the entire agreement between the
parties hereto with respect to the subject matter hereof and supersedes all
prior agreements or understandings, whether oral or written and whether express
or implied, between the parties hereto. The Executive acknowledges and agrees that any prior agreements or
representations, whether oral or written and whether express or implied, between
the Executive and the Company, are hereby terminated and the Executive has no
rights or entitlements under any such prior agreements or representations
against the Company. 

- 11 - 

	6.5 	
      Notices

All notices, requests and other communications to any party
hereunder will be in writing and sufficient if delivered personally or sent by
telefax (with confirmation of receipt) or by registered or certified mail,
postage prepaid, addressed as follows: 

If to the Company, at: 

Suite 488, 1090 West Georgia Street

Vancouver, B.C., V6E 3V7 

If to the Executive, at: 

Suite 702, 1308 Hornby Street

Vancouver, B.C., V6Z 0C5 

or to such other address as the party to whom notice is to be
given may have furnished to the other party in writing in accordance herewith.
Each such notice, request or communication will be deemed to have been given
when received or, if given by mail, when delivered at the address specified in
this section or on the fifth business day following the date on which such
communication is posted, whichever occurs first. 

	6.6 	
      Amendments and Waivers

No modification, amendment or waiver of any provision of, or
consent required by, this Agreement, nor any consent to any departure herefrom,
will be effective unless it is in writing and signed by the parties hereto. Such
modification, amendment, waiver or consent will be effective only in the
specific instance and for the purpose for which given. 

	6.7 	
      Headings

Descriptive headings are for convenience only and will not
control or affect the meaning or construction of any provision of this
Agreement. 

	6.8 	
      Counterparts

This Agreement may be executed in counterparts, and each such
counterpart hereof will be deemed to be an original instrument, but all such
counterparts together will constitute but one agreement. 

- 12 - 

	6.9 	
      Canadian Dollars

All dollar amounts referred to herein will be in lawful
currency of Canada. 

	6.10 	
      Governing Law

This Agreement and its application and interpretation will be
governed exclusively by the laws of British Columbia and the laws of Canada
applicable in British Columbia. 

	6.11 	
      Attornment

Each party will submit to the jurisdiction of the Supreme Court
of British Columbia and all Courts having appellate jurisdiction thereover in
any suit, action or other proceeding arising out of or relating to this
Agreement commenced in such Court by one party against the other party (a
“Permitted Action”), and each party waives and will not assert by way of motion
as defence or otherwise in any Permitted Action, any claim that: 

	(a) 	such party is not subject to the jurisdiction
      of such Court; 
	 	 
	(b) 	such permitted action is brought in an
      inconvenient forum; 
	 	 
	(c) 	the venue of such permitted action is improper;
      or 
	 	 
	(d) 	any subject matter of such permitted action may
      not be enforced in or by such Court. 

In any suit or action brought to obtain a judgment for the
recognition or enforcement of any final judgment rendered in a Permitted Action,
no party to this Agreement will seek, other than by way of appeal, in any Court
of any jurisdiction any review pertaining to the merits of any Permitted Action,
whether or not such party appears in or defends the Permitted Action. 

	6.12 	
      Independent Legal Advice

The Executive hereby acknowledges that he has had the
opportunity to obtain independent legal advice regarding this Agreement and has
either obtained such advice or has waived his right to obtain such advice. 

	6.13 	
      Survival

Section 4 and 6.3 of this Agreement will survive the
termination of employment of the Executive and will continue in full force and
effect. 

	6.14 	
      Collection and Use of Personal
  Information

The Executive acknowledges that the Company will collect, use
and disclose health and other personal information for employment and business
related purposes. The Executive consents to the Company collecting, using and
disclosing health and other personal information of the Executive for employment
and business related purposes in accordance with the privacy policy of the
Company. 

- 13 - 

	6.15 	
      Time

Time is of the essence. 

IN WITNESS WHEREOF, the parties hereto have duly executed this
Agreement as of the day and year first written above. 

Rise Gold Corp. 

	Per: 	“Cale Thomas” 	 
	 	 	 
	  	Authorized Signatory 	 

	Signed, Sealed and Delivered by Benjamin 	) 	  
	Mossman in the presence of: 	) 	  
	  	) 	“Benjamin Mossman” 
	  	) 	 
    
	Witness (Signature) 	) 	Benjamin Mossman 
	  	) 	  
	  	) 	Executive 
	Name 	) 	  
	  	) 	  
	  	) 	  
	Address 	) 	  
	  	) 	  
	  	) 	  
	  	) 	  
	  	) 	  
	Occupation

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