Mr. Jeffrey Wilson reports

PRECIPITATE ANNOUNCES CHANGE OF AUDITOR

Precipitate Gold Corp. has changed its auditor from Davidson & Company LLP, chartered professional accountants (former auditor) to De Visser Gray LLP, chartered professional accounts (successor auditor) effective Dec. 7, 2023.

Precipitate's board of directors accepted the resignation of the former auditor and appointed the successor auditor as the new auditor of the company effective Dec. 7, 2023, and to hold office until the close of the company's next annual general meeting of shareholders.

There were no reservations in the former auditor's audit reports for any financial period during which the former auditor was the company's auditor. There are no reportable events (as the term is defined in National Instrument 51-102 -- Continuous Disclosure Obligations) between the company and the former auditor.

In accordance with National Instrument 51-102, the notice of change of auditor, together with the required letters from the former auditor and the successor auditor, have been reviewed by the company's audit committee and board of directors and will be filed on SEDAR+ accordingly.

About Precipitate Gold Corp.

Precipitate Gold is a mineral exploration company focused on exploring and advancing its mineral property interests in the Pueblo Viejo mining camp and Tireo gold trend of the Dominican Republic. The company has entered into an earn-in agreement with Barrick Gold Corp., whereby Barrick can earn a 70-per-cent interest in the company's Pueblo Grande project by incurring $10-million (U.S.) within six years and producing a qualifying prefeasibility study. Precipitate is also actively evaluating additional high-impact property acquisitions with the potential to expand the company's portfolio and increase shareholder value, in other favourable jurisdictions.

We seek Safe Harbor.