Mr. Jeffrey Wilson reports

PRECIPITATE IDENTIFIES HIGH GRADE GOLD SAMPLES UP TO 73.8 G/T* GOLD IN NEWLY IDENTIFIED GOLD ZONES AT JUAN DE HERRERA PROJECT, DOMINICAN REPUBLIC

Precipitate Gold Corp. has released the results from an initial follow-up program of prospecting and sampling within multiple newly identified gold-in-soil anomalies within its 100-per-cent-owned Juan de Herrera project in the Dominican Republic.

As previously reported, results from recent soil and rock sampling identified eight new zones of elevated gold and/or base metal (copper, lead and zinc) anomalies within the Juan de Herrera project. As follow-up, crews commenced a more detailed program of sampling and mapping within these new zones and the latest results have outlined two zones of near-term priority interest -- the CN zone and the GM zone. To date, the CN zone has emerged as a top priority based on its elevated gold grades, geological affinities and overall size.

CN zone

Selective high-grade rock grab samples (float) with very strong iron oxides (after pyrite) and silica-quartz yielded values of 73.8 grams per tonne gold, 34.9 grams per tonne gold, 11.7 grams per tonne gold and 8.7 grams per tonne gold, with more representative outcrop grab samples yielding values ranging from 2.2 grams per tonne to 6.3 grams per tonne gold. Located within the north-central region of the project area, rock and soil sampling has demarked an area measuring about 700 metres (north-south) by up to 300 metres (east-west), where the multielement soil anomaly is open to the north and south. Thirteen of the 31 rock samples collected to date (float subcrop and three outcrop) report anomalous to highly anomalous gold values, with associated pathfinder elements silver, arsenic, barium, copper, mercury, lead, antimony and zinc. The soil and rock float samples are affected by significant downslope dispersion, directed from east to west, measuring at least 200-metre displacements.

Note: Rock grab samples are selective by nature and are unlikely to represent average grades on the property.

GM zone

Seven of the 21 rock samples (float/subcrop and one outcrop) report anomalous gold values, including 4.3 grams per tonne gold and 1.4 grams per tonne gold, with associated pathfinder elements of arsenic, copper, selenium, lead and zinc. Located at the northern end of the project area, rock and soil sampling has outlined an area measuring approximately 450 metres (northwest-southeast) by up to 250 metres (southwest-northeast) where the multielement soil anomaly is open to the north and the east. Here too, the soil and rock float samples are affected by downslope dispersion, directed from north to south, measuring at least 50-metre displacements.

Recently received analytical results from over 8,000 soil samples submitted to the lab had identified eight new zones of elevated gold and/or base metals (copper, lead and zinc) anomalies within the Juan de Herrera project. Field crews recently returned to these anomalous zones to conduct follow-up prospecting and sampling within these areas to better determine their geological potential and to prioritize the zones for follow-up work.

The company has initiated a follow-up program at the CN, GM and CdN zones, where exploration work will include additional prospecting, rock sampling, infill and extension soil sampling, coarse geological mapping, and, where warranted, selective hand trench channel sampling.

The company's website has additional information, maps and figures of recent and historical Pueblo Grande project data.

This news release has been reviewed by Michael Moore, vice-president, exploration, of Precipitate Gold, the qualified person for the technical information in this news release under National Instrument 43-101 standards.

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 the 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.

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