Mr. Jeffrey Wilson reports

PRECIPITATE'S FIELD WORK IDENTIFIES ANOTHER NEW GOLD + COPPER GEOCHEMICAL ANOMALY AT THE JUAN DE HERRERA PROJECT, DOMINICAN REPUBLIC

Precipitate Gold Corp. has released surface rock sampling results from the continuing prospecting and sampling program conducted over multiple newly identified gold-in-soil anomalies reported in recent months within its 100-per-cent-owned Juan de Herrera project in the Dominican Republic.

Field crews have identified a new prospective rock and soil geochemical anomaly located within the southern portion of the project, about 500 metres east of the copper-rich Southeast zone. This newly discovered early-stage geochemical anomaly, dubbed Centro, has a combined soil sample plus induced polarization geophysical anomaly trend measuring up to 1.4 kilometres long and about 100 metres wide, and has highlight rock samples reporting up to 2.0 per cent copper and 2.6 grams per tonne gold*. Follow-up sampling and hand trenching programs to assess the nature and extent on mineralization are planned in the near term. Highlight results from the latest work at the Centro zone are as follows.

Centro zone initial highlights:

• Rock grab samples report up to 2.0 per cent copper and up to 2.6 g/t gold collected from andesite volcanic lithologies which show variable silicification and pyrite-chalcopyrite mineralization;
• Cluster of three gold-in-soil anomalies, collectively covering a trend of about 1,400 m long by about 100 m wide; open to the northwest;
• Coincident with strong resistivity-high anomalies (mapping silica alteration) and modest IP chargeability high anomalies;
• Positioned between the southeast and Jengibre South zones and part of three parallel northwest-trending zones (matching the regional rock stratigraphy trend); an overall east-west distance of 2.7 kilometres.

Jeffrey Wilson, Precipitate's president and chief executive officer, stated: "Since reporting the identification of numerous new zones of elevated gold and/or base metals (copper, lead and zinc) in soil anomalies within the Juan de Herrera project in August of last year and constructing an important new access road into the southern region of the project, field crews have been busy ground truthing and collecting additional surface samples in and around these compelling areas. Recent follow-up sampling programs conducted in recent months have not only expanded our understanding of established zones but yielded new discoveries such as the Centro and CN zones, further evidencing the project's ongoing prospectivity. We look forward to additional positive progress as our work continues."

The company continues to follow up on the numerous recently announced anomalies stemming from the processing of over 8,000 soil samples previously taken at Juan de Herrera. Near-term work will focus on the CN, Southeast and Centro zones, where continuing exploration will include additional prospecting, rock sampling, detailed geological mapping and selective hand trench channel sampling.

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

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

Rock and soil samples were bagged, sealed and delivered directly to the Bureau Veritas preparation facility in Maimon, Dominican Republic, where they were dried, crushed (or sieved in the case of soils; preparation code SS80) and pulped. Sample pulps were then delivered to BV facilities in Vancouver, B.C., Canada, for analyses (an ISO 9001-accredited facility). Rock samples were crushed to with more than 70 per cent passing two-millimetre mesh and split using a riffle splitter (code PRP70-250). An approximately 250-gram subsample split was pulverized to minus 200 mesh (74 micrometres). A 15-gram subsplit from the resulting pulp was then subjected to aqua regia digestion and multielement ICP-ES/MS analysis (code AQ201). Samples with results with gold greater than two g/t were subjected to a gold (and selective silver) fire assay analysis and a gravimetric finish (30-gram pulp; ICP-ES finish; code FA530-Au and Ag). All coarse rejects and pulps are currently stored at BV.

About the Juan de Herrera project

The Juan de Herrera project is owned 100 per cent by Precipitate and composed of approximately 12,706 hectares located immediately adjacent to Goldquest Mining's Romero gold-copper project within the Upper Cretaceous-aged package of volcanic and sedimentary Tireo gold formation in San Juan province of Dominican Republic. The project hosts intermediate sulphidation epithermal and volcanogenic massive sulphide style exploration targets. Work to date, including extensive project-wide geochemical and geophysical surveying and limited diamond drilling, has delineated and outlined multiple anomalous zones of gold and/or copper mineralization warranting additional exploration and drilling.

Approximately 5.0 million gold equivalent ounces have been discovered and advanced in the Tireo formation belt in the past decade while vast areas of similarly prospective and proximal terrain, such as that situated within Precipitate's Juan de Herrera project, remain largely underexplored.

About Precipitate Gold Corp.

Precipitate 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 $22-million (U.S.) within 10 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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