RISE ENGAGES SKANDERBEG CAPITAL ADVISORS FOR INVESTOR RELATIONS

February 7, 2017  – Vancouver, British Columbia – Rise Resources Inc. (CSE: UPP, OTC:RYES) ( Rise or the Company ) is pleased to announce that it has engaged Skanderbeg Capital Advisors Inc. (Skanderbeg ) to provide Investor Relations services. The initial contract with Skanderbeg is for a one-year term with a monthly fee of $7,500. In connection with the foregoing appointment the Company announces the grant of 500,000 incentive stock options to Skanderbeg at an exercise price of $0.33 per share for a period of 3 years.

Benjamin Mossman, CEO of Rise, commented “We are very pleased to have entered into a partnership with the Skanderbeg team who have developed a great reputation for investor relations in the public markets. Rise has already started an intense effort to process the historical documents from the Idaho-Maryland Mine and looks forward to presenting the results from its studies in the near future.”

The Company also announces that it has closed a non-brokered private placement (the Financing ). The Company has raised a total of $113,750 through the sale of 455,000 units (each a Unit ) at a price of $0.25 per Unit where each Unit consists of one common share (a Share ) and one common share purchase warrant (a Warrant ). Each Warrant entitles the holder to acquire one additional Share at an exercise price of $0.40 until February 6, 2019. In connection with the Financing, the Company agreed to pay finders fees of a total of $2,625 and issue a total of 10,500 finders warrants (each a Finder’s Warrant ) where each Finders Warrant entitles the holder to acquire one Share a price of $0.40 until February 6, 2019.

Each of the foregoing securities is subject to a statutory hold period of a minimum of six months in accordance with applicable United States and Canadian securities laws.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States except in compliance with one or more exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Resources Inc.
Rise is a junior mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA, and its focus is on advanced mineral projects with demonstrated continuity and the majority of its value in precious metals. Rise also has several exploration properties in British Columbia, Canada. Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
CEO and Director
Rise Resources Inc.

For further information please contact:

RISE RESOURCES INC.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risecapitalresources.com

INVESTOR RELATIONS
Skanderbeg Capital Advisors Inc.
Mario Vetro
T: 604.687.7130
Email: mario@skanderbegcapital.com

 

RISE PURCHASES MAJOR PAST PRODUCING GOLD MINE

  • Rise purchases Idaho-Maryland Gold Mine.
  • Total past production of 2.4M oz gold at 15g/t after dilution and recovery.
  • Production reached 129,000 oz gold per year in 1940 before forced shutdown for WWII.
  • Significant historic mineral resource calculation by previous operator.

January 25, 2017  – Vancouver, British Columbia – Rise Resources Inc. (CSE: UPP, OTC:RYES) (“Rise” or the “Company”) is pleased to announce that it has purchased the Idaho-Maryland Gold Mine (the “I-M Mine”) located near Grass Valley, California, USA. The I-M Mine is a major past producing high grade gold mine. The acquisition represents the exercise of the Company’s option to purchase the I-M Mine first referenced in the Company’s news release dated October 6, 2016.

Based on historic records, the I-M Mine produced a total of 2.4M oz gold at a grade of 15g/t after mining dilution and recovery. The I-M Mine was reportedly the second largest gold mine in the United States in 1941,1 producing up to 129,000 oz gold per year2 before being forced to shut down by the U.S. government in 1942. At that time, the government deemed gold mining as non-essential to wartime production and shut down almost all gold mines in order to reallocate miners, equipment, and supplies to increase production of base metals necessary for the war effort.

The Company has purchased fee simple land upon which the I-M Mine is situated (the “Property”), which includes approximately 93 acres of surface land and approximately 2,750 acres of mineral rights, for a purchase price of US$2,000,000. The Property includes all of the mineral rights assembled by Errol MacBoyle, a highly regarded mining engineer and a then-prominent mining executive in the United States, and the Idaho Maryland Mines Corporation (“IMMC”) over a thirty-year period from 1920. The Property includes the surface rights at the Brunswick vertical shaft, which extends to over 3,000 ft depth and was the main production shaft for the historic mining operation. The Company owns a 100% interest in the Property and there are no royalties on future gold production.

The I-M Mine was a profitable operation before the forced closure in 1942. In the period from 1937 to 1941 the all-in cost of mining averaged ~US$24 per oz3. The I-M Mine was known for having mineralized veins with remarkable continuity. A single vein, the Eureka Vein, produced ~1M oz gold at a grade of 34g/t after dilution and recovery. The Eureka Vein was continuously mined from surface over a pitch length of 1.6km with strike lengths from 150m-300m. Metallurgical recovery during the late years of production was high and ranged from 94-97% gold recovery.4 Approximately 65% of gold was recovered by gravity processes with the remainder recovered by flotation.

The I-M Mine reached production of 129,000 oz gold per year in 19405 before it was ordered to be shut down by the U.S. government in 1942 due to the onset of World War II. In 1942, just prior to the wartime shutdown, Mr. MacBoyle had completed the installation of a brand new headframe and hoist, crushing plant, and complete refit of the processing plant in order to increase production to 2,000 tons per day6 which would have allowed production of approximately 240,000 oz gold per year.

The I-M Mine was restarted on a commercial basis in 1946 but production was severely impacted by lack of working capital. Prior to the shutdown, from 1936 to 1942, over 96% of post-tax income was reportedly paid out to shareholders as dividends.7 MacBoyle suffered a serious stroke in 1943 and was left partially paralyzed and unable to speak. Proxy battles and dissent among members of the board of directors of IMMC compounded the leadership crisis initiated by MacBoyle’s illness which led to his death in 1949. High inflation of costs after World War II, in conjunction with the fixed price of gold at US$35 per oz, resulted in the cessation of gold production at the I-M Mine in 1954.

Due to the circumstances under which the I-M Mine was shut down, the Company believes there is significant potential for additional gold resources left unmined in the existing workings and exploration potential to expand the mineral resources below the historic mine workings. Included in the sale of the Property are the complete historic records of the I-M Mine. The comprehensive records include thousands of documents and maps which show mine workings, production data, drill results, assays, and other important information.

Approximately 70,000 meters of core drilling and 36,000 assays were completed by IMMC. Historic drill results in unmined areas include assay composites of 16g/t gold over 9m and 6g/t gold over 17m. Chip samples taken in unmined areas range up to 1,375g/t Au (40oz/ton gold).8

Emgold Mining Corporation held an option on the I-M Mine Property from approximately 1991 to 2013 and completed a mineral resource calculation which is displayed in Table 1. The Company believes this historic resource estimate is relevant but the Company has not verified the mineral resource calculation. A full analysis of all historic production and sampling data will be required in order to verify the historic mineral resource.

TABLE 1 – HISTORIC MINERAL RESOURCE (AMEC, 2002)

Category Tonnes Au (g/t) Au (oz)
Measured 999,000 6.5 212,000
Indicated 433,000 15.1 211,000
Total M&I 1,432,000 9.1 423,000
Category Tonnes Au (g/t) Au (oz)
Inferred 2,194,000 12.7 898,000

Historic Mineral Resource for Idaho-Maryland Gold Mine reported by Emgold Mining Corporation on November 1st 2002 in a report titled “Idaho-Maryland Mine Technical Report” authored by AMEC E&C Services, S.J. Juras, P.Geo and S.K.. Morris, P.Geo, Mineral Resource is stated at a 3g/t gold cut-off grade. AMEC used mineral resource categories which are consistent with current NI 43-101 disclosure requirements.

Rise Resources Inc. has not done sufficient work to classify the historical mineral resources estimated for the Idaho-Maryland Property as a current mineral resource. Rise is not treating these historical mineral estimates as a current estimate for mineral resources.

The Company cautions that mineral resources that are not mineral reserves do not have demonstrated economic viability. Rise Resources Inc. has not established mineral reserves supported by a NI 43-101 compliant technical report and feasibility study. The Company cautions readers that production may not be economically feasible.

Benjamin Mossman, CEO of Rise, commented “We have been extremely fortunate to acquire what we believe is a Tier 1 gold deposit. The I-M Project was forced to shutdown due to WWII just when it was reaching its full potential. While other great gold deposits have been discovered and mined out over the last 70 years the I-M Mine has been frozen in time. We are excited by this unique opportunity and feel privileged to be a part of the rich history of the Idaho-Maryland Gold Mine.”

The Company’s immediate plans are to commence work on the historical data from the I-M Mine. Company engineers and geologists will process all of the relevant historical data into a digital database and model. The Company intends to complete a NI 43-101 technical report as soon as possible to analyze and consolidate historic production and exploration work and define priority exploration targets. The Company will also commence preliminary engineering studies to define a strategy towards longer term permitting and production goals.
Private Placement Closed

The Company is also pleased to announce that it has closed the non-brokered private placement announced in its December 28, 2016 news release (the “Financing”). The Company has raised a total of $268,000 through the sale of 1,340,000 units (each a “Unit”) at a price of $0.20 per Unit where each Unit consists of one common share (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional Share at an exercise price of $0.40 until January 24, 2019. In connection with the Financing, the Company agreed to pay finders’ fees of a total of $5,220 and issue a total of 26,100 finders’ warrants (each a “Finders’ Warrant”) where each Finders’ Warrant entitles the holder to acquire one Share a price of $0.40 until January 24, 2019.

Concurrent with the closing the Financing, Rise also issued 920,000 Units at a deemed price of $0.20 per Unit to one individual in consideration for introducing the Company to the optionors of the I-M Mine. The Units were issued pursuant to a debt conversion by the individual in the amount of US$140,000, representing a cash commission equal to 7% of the US$2,000,000 purchase price of the Property.

Each of the foregoing securities is subject to a statutory hold period of a minimum of six months in accordance with applicable United States and Canadian securities laws.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States except in compliance with one or more exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

 

About Rise Resources Inc.
Rise is a junior mining company. The Company’s principal asset is the historic past producing Idaho-Maryland Gold Mine located in California, USA, and its focus is on advanced mineral projects with demonstrated continuity and the majority of its value in precious metals. Rise also has several exploration properties in British Columbia, Canada. Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

Mr. Benjamin Mossman, P.Eng, and the CEO of Rise, is the qualified person who reviewed and approved the contents of this press release.

On behalf of the Board of Directors:

Benjamin Mossman
CEO and Director
Rise Resources Inc.

For further information please contact:

RISE RESOURCES INC.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.260.4577
www.risecapitalresources.com

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

Cautionary Note to U.S. Investors

The terms “mineral resource,” “measured mineral resource,” “indicated mineral resource,” and “inferred mineral resource” as used in this news release are Canadian mining terms that are defined in accordance with NI 43-101. These Canadian terms are not defined terms under United States Securities and Exchange Commission (“SEC”) Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC by U.S. registered companies. The SEC permits U.S. companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Accordingly, note that information contained in this news release describing the Company’s “mineral resources” is not directly comparable to information made public by U.S. companies subject to reporting requirements under U.S. securities laws. U.S. investors are cautioned not to assume that any part or all of the mineral resources in these categories will ever be converted into Mineral Reserves. U.S. investors are urged to consider closely the disclosure in Rise’s Form 10-K which may be obtained from the Company, or online at http://www.sec.gov/edgar.shtml.

1 Clark, Jack. Gold in Quartz: The Legendary Idaho Maryland Mine (2005).
2 U.S. Bureau of Mines. Minerals Yearbook 1941 (1942). Pg.252.
3 Clark, Jack. Gold in Quartz: The Legendary Idaho Maryland Mine (2005).
4 AMEC E&C Services Limited (AMEC). Idaho-Maryland Mine Technical Report (2002).
5 U.S. Bureau of Mines. Minerals Yearbook 1941 (1942). Pg.252.
6 U.S. Bureau of Mines. Minerals Yearbook 1942 (1943). Pg.288.
7 Clark, Jack. Gold in Quartz: The Legendary Idaho Maryland Mine (2005).
8 AMEC E&C Services Limited (AMEC). Idaho-Maryland Mine Technical Report (2002).

RISE ANNOUNCES PRIVATE PLACEMENT AND OPTION GRANT

December 28, 2016 – Vancouver, British Columbia – Rise Resources Inc. (CSE: UPP, OTC:RYES) (“Rise” or the “Company”) is pleased to announce a non-brokered private placement of up to 7,500,000 units at a price of $0.20 per unit for gross proceeds of up to $1,500,000 (the “Private Placement”). Each unit will consist of one share of the Company’s common stock and one transferable share purchase warrant exercisable into one share of common stock at a price of $0.40 for a period of two years from the date of issuance. The Private Placement will include existing shareholders of the Company under the provisions of BC Instrument 45-354 and similar instruments in other jurisdictions of Canada (the “Existing Shareholder Exemption”) and new investors under Multilateral CSA Notice 45-318 (“CSA 45-318”) and the corresponding instruments, orders and rules implementing CSA 45-318 in the participating jurisdictions, including BC Instrument 45-536 (the “Investment Dealer Exemption”).

The Company has set December 27, 2016 as the record date for the purpose of determining shareholders entitled to participate in the Private Placement in reliance on the Existing Shareholder Exemption, and qualifying shareholders who wish to participate should contact the Company using the information set forth below. The Existing Shareholder Exemption limits shareholders to a maximum investment of $15,000 every 12 months unless the shareholder has obtained advice regarding the suitability of the investment and, if the shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as an investment dealer in the jurisdiction. If Rise receives subscriptions from investors relying on the Existing Shareholder Exemption exceeding the maximum offering amount, the Company will allocate the units pro-rata among all such investors.

In order for the Company to rely on the Investment Dealer Exemption, each investor must purchase the shares as principal and obtain advice regarding the suitability of the investment from a person that is registered as an investment dealer in the jurisdiction in which the investor is resident.

In addition to the Existing Shareholder Exemption and Investment Dealer Exemption, Rise plans to conduct the Private Placement in reliance on other available exemptions from the prospectus requirements of applicable securities legislation, including sales to accredited investors and close personal friends and business associates of directors and officers of the Company. All securities issued in connection with the Private Placement, including any finder’s warrants, will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws for a minimum of four months and one day. The Company may pay finder’s fees to eligible persons in accordance with applicable securities laws and regulatory policies.

The Company also announces that on December 27, 2016, it granted an aggregate of 2,142,542 options to its Chief Executive Officer pursuant to its stock option plan. Each option vests immediately and is exercisable into one share of the Company’s common stock at a price of $0.24 per share until December 27, 2021.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States except in compliance with one or more exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Resources Inc.
Rise is a mineral exploration company. The Company’s focus is on advanced mineral projects with demonstrated continuity and the majority of their value in precious metals. Rise also has several exploration properties in British Columbia, Canada which it is evaluating. Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

Mr. Benjamin Mossman, P.Eng, and the CEO of Rise, is the qualified person who reviewed and approved the contents of this press release.

On behalf of the Board of Directors:

Benjamin Mossman
CEO and Director
Rise Resources Inc.

For further information please contact:

RISE RESOURCES INC.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.687.7130
www.risecapitalresources.com

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. In particular, forward-looking statements in this press release include, but are not limited to, statements with respect to the acquisition of the property, the completion of the Private Placement and the use of proceeds therefrom.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.
Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

RISE CLOSES $4.2M OVERSUBSCRIBED PRIVATE PLACEMENT

December 23, 2016 – Vancouver, British Columbia – Rise Resources Inc. (CSE: UPP, OTC:RYES) (“Rise” or the “Company”) is pleased to announce that it has closed the non-brokered private placement announced in its October 6, 2016 news release and updated in its November 9, 2016 news release (the “Financing”).   The Company received a very positive response to the Financing from investors and it was significantly oversubscribed.
The Company has raised a total of $4,208,900 through the sale of 21,044,500 units (each a “Unit”) at $0.20 per Unit where each Unit consists of one common share (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire one additional Share at an exercise price of $0.40 until December 23, 2018. The Company will pay finders’ fees in accordance with CSE policies of a total of $218,410 and issue a total of 1,088,300 finders’ warrants (each a “Finders’ Warrant”) where each Finders’ Warrant entitles the holder to acquire one Share a price of $0.40 until December 23, 2018.

The United States  property acquisition announced by news release on October 6, 2016 is in its final stages and is expected to be completed on or before January 31, 2017. The Company has signed an amendment to the purchase agreement extending the closing date to January 31, 2017 to accommodate the preparation of the necessary legal documents to complete the purchase.

Benjamin Mossman CEO of Rise commented “We are very fortunate to be able to invite a number of excellent new shareholders into RISE. The new year is going to be a very busy and exciting time as we commence the aggressive building of a significant US gold company. We wish the best to all of our shareholders over the holidays.”

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States except in compliance with one or more exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Resources Inc.
Rise is a mineral exploration company. The Company’s focus is on advanced mineral projects with demonstrated continuity and the majority of their value in precious metals. Rise also has several exploration properties in British Columbia, Canada which it is evaluating. Rise was incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

Mr. Benjamin Mossman, P.Eng, and the CEO of Rise, is the qualified person who reviewed and approved the contents of this press release.

On behalf of the Board of Directors:

Benjamin Mossman
CEO and Director
Rise Resources Inc.

For further information please contact:

RISE RESOURCES INC.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.687.7130
www.risecapitalresources.com

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. In particular, forward-looking statements in this press release include, but are not limited to, statements with respect to the acquisition of the property, the completion of the Private Placement and the use of proceeds therefrom.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.
Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

RISE ANNOUNCES PROPERTY ACQUISITION AND FINANCING UPDATES

November 9, 2016 – Vancouver, British Columbia – Rise Resources Inc. (CSE: UPP, OTC:RYES) (“Rise” or the “Company”) is pleased to announce that the due diligence work on the United States property acquisition announced on October 6, 2016 is underway. The Company has hired U.S. legal and professional land services firms to conduct title and legal searches on the property, and anticipates this work to be complete on or before November 30, 2016. As described in the Company’s October 6, 2016 news release, the Company has arranged the purchase of a substantial area of private land in the United States which hosts a significant
historic gold mine, and plans to release further details regarding the project upon closing of the transaction.

In addition, and further to the aforementioned news release, Rise wishes to announce that it has decided to expand the scope of its ongoing non-brokered $0.20 unit private placement (the “Private Placement”) to include existing shareholders of the Company under the provisions of BC Instrument 45-354 and similar instruments in other jurisdictions of Canada (the “Existing Shareholder Exemption”) and new investors under Multilateral CSA Notice 45-318 (“CSA 45-318”) and the corresponding instruments, orders and rules implementing CSA 45-318 in the participating jurisdictions, including BC Instrument 45-536 (the “Investment Dealer Exemption”).

The Company has set November 8, 2016 as the record date for the purpose of determining shareholders entitled to participate in the Private Placement in reliance on the Existing Shareholder Exemption, and qualifying shareholders who wish to participate should contact the Company using the information set forth below. The Existing Shareholder Exemption limits shareholders to a maximum investment of $15,000 every 12 months unless the shareholder has obtained advice regarding the suitability of the investment and, if the shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person that is registered as an investment dealer in the jurisdiction. If Rise receives subscriptions from investors relying on the Existing Shareholder Exemption exceeding the maximum offering amount, the Company will allocate the units pro-rata among all such investors.

In order for the Company to rely on the Investment Dealer Exemption, each investor must purchase the shares as principal and obtain advice regarding the suitability of the investment from a person that is registered as an investment dealer in the jurisdiction in which the investor is resident.

In connection with these developments, Rise has also agreed to increase the size of the transferable share purchase warrant underlying each unit issuable in the Private Placement from a half warrant to a full warrant, with the result that the Private Placement now consists of up to 17,500,000 units at a price of $0.20 per unit for gross proceeds of up to $3,500,000, with each unit comprised of one share of the Company’s common stock and one share purchase warrant exercisable into one share of common stock at a price of $0.40 for a period of two years from the date of issuance. There is no minimum subscription amount. Rise expects to use US$2,000,000 of the proceeds for the purchase of the private land in the United States as described above, $350,000 to complete an NI 43-101-compliant technical report on the property, and the balance of the funds for general working capital purposes.

In addition to the Existing Shareholder Exemption and Investment Dealer Exemption, Rise plans to conduct the Private Placement in reliance on other available exemptions from the prospectus requirements of applicable securities legislation, including sales to accredited investors and close personal friends and business associates of directors and officers of the Company. All securities issued in connection with the Private Placement, including any finder’s warrants, will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws for a minimum of six months.

There is no material fact or material change about the Company that has not been generally disclosed.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States except in compliance with one or more exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Resources Inc.
Rise is a mineral exploration company. The Company’s focus is on advanced mineral projects with demonstrated continuity and the majority of their value in precious metals. Rise also has several exploration properties in British Columbia, Canada which it is evaluating. Rise was
incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

Mr. Benjamin Mossman, P.Eng, and the CEO of Rise, is the qualified person who reviewed
and approved the contents of this press release.

On behalf of the Board of Directors:

Benjamin Mossman
CEO and Director
Rise Resources Inc.

For further information please contact:

RISE RESOURCES INC.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.687.7130
www.risecapitalresources.com

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. In particular, forward-looking statements in this press release include, but are not limited to, statements with respect to the acquisition of the property, the completion of the Private Placement and the use of proceeds therefrom.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.
Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

RISE ANNOUNCES $3.5M FINANCING FOR NEW PROPERTY ACQUISITION

October 6, 2016 – Vancouver, British Columbia – Rise Resources Inc. (CSE: UPP, OTC:RYES) (“Rise” or the “Company”) is pleased to announce it is in the process of arranging the purchase of a substantial area of private land in the United States which hosts a significant historic gold mine. The project was a leading gold producer in the United States and was in the process of a major production expansion before being suddenly shut down during World War II.  Rise believes it can prepare a mineral resource estimate, exploration plan, and a preliminary mine plan through processing historic data on the property within two months of the closing of the purchase. Further details regarding the project will be released upon the closing.

Rise is also pleased to announce a non-brokered private placement of up to 17,500,000 units at a price of $0.20 per unit for gross proceeds of up to $3,500,000 (the “Private Placement”). Each unit will consist of one share of the Company’s common stock and one-half of a transferable share purchase warrant, with each whole warrant exercisable into one share of common stock at a price of $0.40 for a period of two years from the date of issuance. All securities issued pursuant to the Private Placement will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws for a minimum of four months and a day.

Rise expects to use the proceeds from the Private Placement for the purchase of private land in the United States as described above and for general working capital purposes. The Company may pay finder’s fees to eligible persons in accordance with applicable securities laws and
regulatory policies.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States except in compliance with one or more exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Resources Inc.
Rise is a mineral exploration company. The Company’s focus is on advanced mineral projects with demonstrated continuity and the majority of their value in precious metals. Rise also has several exploration properties in British Columbia, Canada which it is evaluating. Rise was
incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

Mr. Benjamin Mossman, P.Eng, and the CEO of Rise, is the qualified person who reviewed
and approved the contents of this press release.

On behalf of the Board of Directors:

Ben Mossman
CEO and Director
Rise Resources Inc.

For further information please contact:

RISE RESOURCES INC.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.687.7130
www.risecapitalresources.com

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. In particular, forward-looking statements in this press release include, but are not limited to, statements with respect to the acquisition of the property, the completion of the Private Placement and the use of proceeds therefrom.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.
Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

RISE ANNOUNCES $3.5M FINANCING FOR NEW PROPERTY ACQUISITION

October 6, 2016 – Vancouver, British Columbia – Rise Resources Inc. (CSE: UPP, OTC:RYES) (“Rise” or the “Company”) is pleased to announce it is in the process of arranging the purchase of a substantial area of private land in the United States which hosts a significant historic gold mine. The project was a leading gold producer in the United States and was in the process of a major production expansion before being suddenly shut down during World War II.  Rise believes it can prepare a mineral resource estimate, exploration plan, and a preliminary mine plan through processing historic data on the property within two months of the closing of the purchase. Further details regarding the project will be released upon the closing.

Rise is also pleased to announce a non-brokered private placement of up to 17,500,000 units at a price of $0.20 per unit for gross proceeds of up to $3,500,000 (the “Private Placement”). Each unit will consist of one share of the Company’s common stock and one-half of a transferable share purchase warrant, with each whole warrant exercisable into one share of common stock at a price of $0.40 for a period of two years from the date of issuance. All securities issued pursuant to the Private Placement will be subject to statutory hold periods in accordance with applicable United States and Canadian securities laws for a minimum of four months and a day.

Rise expects to use the proceeds from the Private Placement for the purchase of private land in the United States as described above and for general working capital purposes. The Company may pay finder’s fees to eligible persons in accordance with applicable securities laws and
regulatory policies.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States except in compliance with one or more exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Resources Inc.
Rise is a mineral exploration company. The Company’s focus is on advanced mineral projects with demonstrated continuity and the majority of their value in precious metals. Rise also has several exploration properties in British Columbia, Canada which it is evaluating. Rise was
incorporated in Nevada, USA in 2007 and maintains its head office in Vancouver, British Columbia, Canada.

Mr. Benjamin Mossman, P.Eng, and the CEO of Rise, is the qualified person who reviewed
and approved the contents of this press release.

On behalf of the Board of Directors:

Ben Mossman
CEO and Director
Rise Resources Inc.

For further information please contact:

RISE RESOURCES INC.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.687.7130
www.risecapitalresources.com

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. In particular, forward-looking statements in this press release include, but are not limited to, statements with respect to the acquisition of the property, the completion of the Private Placement and the use of proceeds therefrom.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.
Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

Rise Resources

RISE APPOINTS JOHN ANDERSON AS DIRECTOR

August 31, 2016 – Vancouver, British Columbia – Rise Resources Inc. (CSE: UPP, OTC: RYES) (“Rise” or the “Company”) is pleased to announce that John Anderson has been appointed as a director of Rise, effective immediately. Concurrent with Mr. Anderson’s appointment, Michael Evans stepped down as a director, and the Company wishes to thank Mr. Evans for his service.

John Anderson holds a B.A. from the University of Western Ontario and is the co-founder of Aquastone Capital Advisors LP, a U.S.-based gold investment fund. With over 15 years’ experience in the capital markets, Mr. Anderson’s specialty is identifying undervalued opportunities in the resource industry and investing capital into these situations. He has been involved in a number of small-cap companies, providing financing, investor relations, and corporate development services. Throughout his career, Mr. Anderson has raised in excess of $500 million in equity for a number of public and private companies in the United States, Canada and Europe.

About Rise Resources Inc.
Rise was incorporated in Nevada in 2007, and through an agreement with Eastfield Resources Ltd. (TSX-V: ETF) owns the option to acquire up to a 75% interest in its Indata property, a porphyry copper-gold property located northwest of Fort St. James, British Columbia, Canada. With the acquisition of the portfolio of properties from Klondike, Rise now has a significant group of British Columbia assets to explore. Rise operates its exploration activities from the Company’s head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:
Ben Mossman
CEO and Director
Rise Resources Inc.

For further information please contact:
RISE RESOURCES INC.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.687.7130
www.risecapitalresources.com

Rise Resources

RISE APPOINTS NEW CHIEF EXECUTIVE OFFICER

August 2, 2016 – Vancouver, British Columbia – Rise Resources Inc. (CSE: UPP, OTC: RYES) (“Rise” or the “Company”) is pleased to announce that Benjamin Mossman, P.Eng, has been appointed as CEO and Director of Rise, effective August 1, 2016.  Fred Tejada has stepped down as CEO, but will continue to serve as President and as a director of Rise.

Mr. Mossman is a mining engineer with over 15 years of experience in the mining industry including experience in capital markets, project evaluation, acquisitions, mine operations, and development.

Fred Tejada, President and former CEO, commented, “Ben Mossman’s unique skill in project evaluation and knowledge of advanced mining projects will allow Rise to embark on a strategy of aggressive growth.  We have an excellent team and look forward to an exciting future for the Company and its shareholders.”

The Company will issue 300,000 common shares to Mr. Mossman, and options for the purchase of a number of common shares equivalent to 5% of the Company’s issued and outstanding common shares.  Each option will vest immediately and will be exercisable for 5 years.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States except in compliance with one or more exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Resources Inc.
Rise was incorporated in Nevada in 2007, and through an agreement with Eastfield Resources Ltd. (TSX-V: ETF) owns the option to acquire up to a 75% interest in its Indata property, a porphyry copper-gold property located northwest of Fort St. James, British Columbia, Canada. With the acquisition of the portfolio of properties from Klondike, Rise now has a significant group of British Columbia assets to explore. Rise operates its exploration activities from the Company’s head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:
Fred Tejada
President, CEO and Director
Rise Resources Inc.

For further information please contact:
RISE RESOURCES INC.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.687.7130
www.risecapitalresources.com

Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. In particular, forward-looking statements in this press release include, but are not limited to, statements with respect to the cash payments and share and warrant issuances to Klondike anticipated in the second closing of the transaction and Rise’s intention to evaluate and explore the acquired properties for mineral potential.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.

Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

Rise Resources

RISE COMPLETES FIRST CLOSING OF BRITISH COLUMBIA GOLD AND BASE METALS PROPERTIES ACQUISITION

July 18, 2016 – Vancouver, British Columbia

Rise Resources Inc. (CSE: UPP, OTC: RYES) (“Rise” or the “Company”) is pleased to announce that it has completed the first closing of the recently signed agreement with Klondike Gold Corp. (TSX-V: KG) (“Klondike”) regarding the purchase of a portfolio of seven gold and base metal properties in southeast British Columbia, Canada consisting of 150 mining claims with a total area of 12,800 hectares. The seven properties include Red Point, Clubine and Ron Gold, located in the historic gold mining camps of Rossland and Nelson, and Panda Irishman, Cruz-Midway, Thea and Quartz Mountain, located in an area with known Sullivan-type zinc-lead-silver mineralization. Thea and Quartz Mountain are also prospective for gold.

The first closing involved paying $50,000 in cash, issuing 1,500,000 shares of Rise’s common stock and issuing warrants to purchase 1,500,000 shares of Rise’s common stock. A second closing, scheduled to occur one year from the first closing, involves Rise paying Klondike $150,000 in cash, issuing a further 2,000,000 shares of common stock and issuing warrants to purchase a further 1,000,000 shares of common stock. The warrants issued in this first closing have an exercise price of $0.227 per share and are exercisable until July 13, 2018.

Rise intends to commence non-invasive exploration work on the gold projects this summer and advance the permitting process in preparation for more intensive activities next year that will include drilling. The Company also plans to conduct prospecting works on the other properties to confirm reported gold showings.

Fred Tejada, P.Geo. President and CEO of Rise, commented, “We are happy to have completed the first closing of this transaction and are very excited to begin an exploration program using the vast amount of information that Klondike has compiled over the years on this group of properties. The recent strength in the price of gold has given us more reason to focus and move aggressively to advance our gold projects as soon as possible.”

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States except in compliance with one or more exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Resources Inc.
Rise was incorporated in Nevada in 2007, and through an agreement with Eastfield Resources Ltd. (TSX-V: ETF) owns the option to acquire up to a 75% interest in its Indata property, a porphyry copper-gold property located northwest of Fort St. James, British Columbia, Canada. With the acquisition of the portfolio of properties from Klondike, Rise now has a significant group of British Columbia assets to explore. Rise operates its exploration activities from the Company’s head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:
Fred Tejada
President, CEO and Director
Rise Resources Inc.

For further information please contact:
RISE RESOURCES INC.
Suite 488, 1090 West Georgia Street
Vancouver, BC V6E 3V7
T: 604.687.7130
www.risecapitalresources.com

Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur. In particular, forward-looking statements in this press release include, but are not limited to, statements with respect to the cash payments and share and warrant issuances to Klondike anticipated in the second closing of the transaction and Rise’s intention to evaluate and explore the acquired properties for mineral potential.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements.

Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

Rise Resources

RISE ANNOUNCES STOCK OPTION GRANTS

March 23, 2016 – Vancouver, British Columbia

Rise Resources Inc. (CSE: UPP, OTC: RYES) (“Rise” or the “Company”), a Nevada corporation engaged in resource exploration on its Indata property in British Columbia, is pleased to announce that on March 23, 2016, the Company adopted an incentive stock option plan and granted an aggregate of 2,700,000 options to various directors and consultants. Each option vests immediately and is exercisable into one share of the Company’s common stock at a price of $0.15 per share until March 22, 2021.

Of the 2,700,000 options, 900,000 were granted to the CEO and director of the Company, 700,000 were granted to the CFO and director of the Company, 200,000 were granted to a director of the Company and the remainder were granted to consultants to the Company.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States except in compliance with one or more exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Resources Inc.

Rise was incorporated in Nevada in 2007, and through an agreement with Eastfield Resources Ltd. (TSX-V: ETF) owns the option to acquire up to a 75% undivided interest in and to certain mineral claims known as the Indata property located in the Omineca Mining Division in British Columbia, Canada. Rise operates its exploration activities from the Company’s head office in Vancouver, British Columbia, Canada. On behalf of the Board of Directors:

Fred Tejada
President, CEO and Director
Rise Resources Inc.

For further information please contact:
RISE RESOURCES INC.
700 – 510 West Hastings Street
Vancouver, BC V6B 1L8
T: 604.687.7130

Rise Resources

RISE ANNOUNCES CLOSING OF PROSPECTUS OFFERING AND LISTING ON THE CANADIAN SECURITIES EXCHANGE

February 1, 2016 – Vancouver, British Columbia –

Rise Resources Inc. (CSE: UPP, OTC: RYES) (“Rise” or the “Company”), a Nevada corporation engaged in resource exploration on its Indata property in British Columbia, is pleased to announce that on January 29, 2016, the Company completed its initial public offering of common stock in Canada and received approval to list the common stock for trading on the Canadian Securities Exchange (the “CSE”). Pursuant to a final long form prospectus dated November 10, 2015 (the “Prospectus”), the Company issued and sold an aggregate of 6,050,000 shares of common stock, including an over-allotment of 550,000 shares, at a price of $0.10 per share to investors in the provinces of British Columbia and Alberta for total gross proceeds of $605,000.

Leede Jones Gable Inc. (formerly, Leede Financial Markets Inc.) (“Leede”) acted as the agent for the offering pursuant to an agency agreement dated September 22, 2015 (the “Agency Agreement”). In connection with the closing of the offering, the Company issued Leede and its sub-agent an aggregate of 484,000 warrants, each of which is exercisable into one share of common stock at a price of $0.10 per share for a period of 24 months. For additional details regarding the offering, please see Rise’s press release dated November 23, 2015 along with the Agency Agreement and Prospectus, copies of which are available under the Company’s profile on www.sedar.com.

Rise plans to use the proceeds of the offering to complete the first phase of its exploration program on the Indata property, as well as for general working capital purposes.

The common stock began trading on the Canadian Securities Exchange under the symbol “UPP” on February 1, 2016.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States except in compliance with one or more exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About Rise Resources Inc.

Rise was incorporated in Nevada in 2007, and through an agreement with Eastfield Resources Ltd. (TSX-V: ETF) owns the option to acquire up to a 75% undivided interest in and to certain mineral claims known as the Indata property located in the Omineca Mining Division in British Columbia, Canada. Rise operates its exploration activities from the Company’s head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Fred Tejada
President, CEO and Director
Rise Resources Inc.

For further information please contact:

RISE RESOURCES INC.
700 – 510 West Hastings Street
Vancouver, BC V6B 1L8
T: 604.687.7130

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. In particular, forwardlooking statements in this press release include, but are not limited to, statements with respect to the use of proceeds from the offering.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements