Mr. Jeffrey Wilson reports

PRECIPITATE COMPLETES PUEBLO GRANDE PROJECT DATA REVIEW AND FOLLOW UP IP SURVEY THAT IDENTIFIES UNTESTED & DRILL READY CHARGEABILITY ANOMALIES

Precipitate Gold Corp. has completed an extensive technical review and evaluation of exploration data primarily generated by Barrick Mining Corp. between 2020 and 2025, as part of the annulled earn-in agreement related to Precipitate's 100-per-cent-owned Pueblo Grande project, located immediately adjacent to the Pueblo Viejo gold-silver mine operated by Barrick in the Dominican Republic. As a follow-up to the data review, the company conducted and completed an induced polarization geophysical survey that revealed significant and previously untested high-chargeability anomalies at the Pueblo Grande Norte zone, located immediately west of the Pueblo Viejo mining operation.

Highlights:

• Precipitate's technical team completed an extensive review of all data and past work conducted on the project by various prior operators, including five years and $7.2-million (U.S.) in exploration expenditures by Barrick.
• The data review identified possible untested induced polarization chargeability features within the project's Pueblo Grande Norte zone (also known as Loma la Cuaba or Lithocap zone).
• As follow-up to the data review, Precipitate conducted a focused three-line deep-penetrating 2-D IP survey at the Pueblo Grande Norte zone, specifically designed to test and confirm the presence, depth and extent of the inferred chargeability features.
• The results of Precipitate's new IP survey confirmed and refined the presence of a sizable cluster of IP chargeability-high anomalies collectively measuring about 800 metres north-south by more than 450 metres east-west, loosely centred at depths that range from 100 to 330 metres from surface. The chargeability anomaly remains open in both the east and west directions.
• Using 2-D quantitative vertical IP sections, the interpreted shape of the chargeability-high anomalies suggests an epithermal alteration system having a shallow south-dipping alteration blanket or lithocap (greater-than-25-millivolt-per-volt chargeability threshold), with perhaps up to three semi-discrete strong internal east-west-tending subhorizontal lobes (greater than 30 mv/v readings, up to 50 mv/v locally) and possible underlying vertical feeder structures (as delineated by both moderate to strong chargeability and resistivity readings).
• Importantly, no historical or recent drill holes have tested the newly identified priority chargeability-high anomalies.
• The new IP priority area is underlain by favourable Los Ranchos formation volcanic host rocks, exhibiting strong local silica plus advanced argillic alteration and weak to modest strength geochemical rock and soil sample pathfinder data.

Chief executive officer commentary

Jeffrey Wilson, president and chief executive officer of Precipitate Gold, commented: "We're very excited with the outcome of our extensive data review and follow-up IP geophysical survey at Pueblo Grande. Credit to our technical team for conducting such an exhaustive and detailed review, which led to the recognition of a previously unidentified opportunity that has now been confirmed by our follow-up geophysical survey. The delineation of a number of compelling and untested new high-chargeability geophysical anomalies located in close proximity to the world-class Pueblo Viejo gold mine offers the company and its shareholders an exciting new drill target. Given the target area's relative ease of access and existing drill permits, we are keen to rapidly advance this target to a drill stage. Though the existing and emerging targets at our flagship Juan de Herrera project remain a top priority for the company, the emergence of these previously unknown and untested anomalies at Pueblo Grande provides an exciting new addition to company's near-term drill plans."

Summary of notable data review findings and follow-up Precipitate IP geophysical survey

Precipitate's comprehensive Pueblo Grande project data review incorporated $7.2-million (U.S.) in exploration work conducted by Barrick during the earn-in period, as well as preceding historical work conducted by Precipitate and other prior operators. At the project's principal target area, the Pueblo Grande Norte zone (also known as Loma la Cuaba or the Lithocap zone), Barrick completed, among other exploration, 3-D induced polarization geophysical surveying, which was then followed up with nine exploration drill holes designed to test various geological and geophysical characteristics. Precipitate's technical team, in collaboration with Matrix GeoTechnologies Ltd., an integrated geoscience solution provider, completed a detailed review of this and other historical airborne geophysical data sets, and, through extensive review, identified an overlooked chargeability feature not considered by earlier explorers. To validate and refine this interpreted geophysical chargeability feature, Precipitate and Matrix completed a follow-up deep-penetrating and high-resolution IP survey utilizing combined 2-D pole-dipole and gradient arrays over the prospective area at Pueblo Grande Norte. The survey consisted of three north-south, two-kilometre-long IP lines spaced at about 220-metre intervals. Using Matrix's proprietary quantitative section methodologies, which generates discrete 2-D quantitative vertical IP sections, the new IP survey confirmed the presence, depth and extent of the inferred chargeability feature and ultimately refined new chargeability-high targets for potential future drill testing. The interpreted shape of the clustered chargeability-high anomalies measures about 800 metres north-south by more than 450 metres east-west, and is loosely centred at depths ranging from 100 to 330 metres vertically from surface. The chargeability anomaly remains open in both the east and west directions. The chargeability anomalies likely reflects an epithermal alteration system having a shallow south-dipping alteration blanket or lithocap (> 25 mv/v threshold), with perhaps up to three semi-discrete strong internal east-west tending sub horizontal lobes (greater than 30 mv/v readings, up to 50 mv/v locally) and possible underlying vertical feeder structures, as delineated by both moderate to strong chargeability and resistivity readings. These newly delineated geophysical features are overlain at surface by favourable rock types often displaying alteration styles commonly associated with high-sulphidation epithermal style gold mineralization, including strong silica with advance argillic alteration. Importantly, no historical or recent drill holes have tested any of the newly identified priority chargeability-high anomalies, with only two holes passing through the vertical projection of geophysical survey line 2. Past drill holes APV11-41 and PGN24-09 yielded nil gold values as they bisected Line 2 outside of the newly identified priority high-chargeability anomalies.

Matrix has conducted numerous similar surveys for Precipitate throughout the Dominican Republic, including recently reported geophysical results from the company's Juan de Herrera project, where IP geophysical surveying at multiple zones throughout the project assisted in delineating numerous potential drill targets.

The induced polarization/resistivity survey was carried out by Matrix of Toronto, Ont., using a 10-kilowatt generator time domain IP system using the Elrec Pro 10 channel receiver with a receiver dipole spacing of 25 metres (pole-dipole array), which provides quality subsurface resolution for 2-D quantitative sections, two separate vertically separated gradient arrays and 3-D voxel modelling for exploration drill targeting.

The scientific and technical information contained in this news release has been reviewed and approved by Michael Moore, PGeo, vice-president, exploration, of Precipitate, a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects). Mr. Moore is not independent of the company within the meaning of NI 43-101. The QP has verified the data disclosed in this news release, including sampling, analytical and test data underlying the information.

About Precipitate Gold Corp.

Precipitate 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 kilometres 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.