Mr. Jeffrey Wilson reports

PRECIPITATE COMMENCES IP GEOPHYSICAL SURVEYING OVER MULTIPLE ZONES AT THE JUAN DE HERRERA PROJECT, DOMINICAN REPUBLIC

Precipitate Gold Corp. has commenced an extensive ground induced polarization (IP) geophysical survey over multiple zones within its 100-per-cent-owned Juan de Herrera project in the Dominican Republic.

Having recently completed control grid line cutting, Precipitate has now initiated a large 2-D pole-dipole IP geophysical survey that will cover the four priority exploration targets, Ginger Ridge East, Southeast zone, Centro zone and Jengibre South. An estimated 30 line kilometres of geophysical surveying will be executed as follows:

• At the Ginger Ridge East and Jengibre South zones, surveying will assess possible on-strike extensions of known mineralization and hypothesized mineralization at depth.
• At the Southeast and Centro zones surveying will refine known geophysical anomalies associated with established surface copper-gold mineralization by increasing surveying density from 200-metre line intervals to 100-metre intervals.

Jeffrey Wilson, Precipitate's president and chief executive officer, stated: "We are very pleased to commence IP geophysical surveying on our Juan de Herrera project, as IP chargeability and resistivity geophysical anomalies, augmented by surface rock-soil samples and geological mapping, provide the company with critical information applicable toward delineation of prospective drill targets. This type of geophysical surveying is a very effective tool for identifying potential gold and copper mineralization, often hidden at depth in the Dominican Republic's Tireo formation volcanic rocks. We look forward to completing the IP geophysical survey and assessing the data for future ground truthing and drill targeting."

The company continues to follow up on the numerous recently announced gold and copper surface geochemical anomalies at the CN, Southeast, Centro and Jengibre South zones, where continuing exploration will include additional prospecting, rock sampling, detailed geological mapping and selective hand trench channel sampling.

The company's website has additional information, maps and figures of recent and historical Juan de Herrera project data.

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

About the Juan de Herrera project

The Juan de Herrera project is owned 100 per cent by Precipitate Gold and comprised 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 VMS 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 last 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 Gold is a mineral exploration company focused on exploring and advancing its mineral property interests in the Dominican Republic, including its 100-per-cent-owned Juan de Herrera project located immediately adjacent to GoldQuest Mining's Romero project, its 100-per-cent-owned Pueblo Grande project located immediately adjacent to the Pueblo Viejo mine operated by Barrick Mining and its 100-per-cent-owned Ponton project located 30 km east of the Pueblo Viejo mine. 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.