Mr. Jeffrey Wilson reports

PRECIPITATE ADDS NEW DRILL TARGET AT GINGER RIDGE BY EXPANDING LATEST GOLD-IN-SOIL ANOMALY

Precipitate Gold Corp. has released follow-up results for the recently identified gold-in-soil geochemical anomaly at the Ginger Ridge zone within the company's 100-per-cent-owned Juan de Herrera project in the Dominican Republic.

Results of continuing follow-up work on the company's new high-priority multielement soil anomaly indicate a measured surface length of 1,100 metres and an estimated average width of 100 metres. The northwest-southeast-trending zone is both consistent and strong, with notably elevated gold, lead and zinc values on the southern part of the anomaly. This new area is located approximately one kilometre east of the main drill test area at Ginger Ridge and is rapidly developing into a high-priority target.

Work completed to date on this new high-priority East anomaly within the Ginger Ridge zone has yielded the following highlight results:

• The East anomaly is the most significant surface soil geochemical anomaly identified to date at the project, based on the anomaly's length and consistently high sample values.
• The 1,100-metre-by-100-metre multielement soil anomaly hosts strong gold, lead and zinc values, with gold up to 842 parts per billion, zinc up to 2,461 parts per million and lead up to 305 parts per million.
• The anomaly is coincident with a strong magnetic low geophysical signature -- an important geophysical feature for potential gold mineralization in the region.
• The zone envelopes a large barite subcrop exposure hosted in Tireo volcanics. Barite is commonly associated with many notable Tireo gold camp mineral systems, particularly with volcanogenic massive sulphide (VMS) systems.

Jeffrey Wilson, Precipitate Gold's president and chief executive officer, stated: "We are delighted that follow-up work on our new multielement soil anomaly demonstrates both strong and consistent gold, lead and zinc values over a large area of target Tireo volcanics. The fact that the zone is coincident with a strong magnetic-low geophysical signature is an additional and important characteristic. Magnetic lows are a common indicator of underlying hydrothermal activity that led to magnetite destruction. This appears to be the most significant surface anomaly identified to date by our crews. The area is currently undergoing addition detailed infill soil sampling, hand trenching and geological mapping in order to complete target delineation in advance of drilling at this new high-priority zone."

Recent soil samples were collected on 25-metre-by-25-metre grid intervals along northeast-oriented grid lines. The multielement soil anomaly is characterized by a correlation of gold with various pathfinder elements, which include arsenic, antimony, silver, lead and zinc. The gold-in-soil anomaly is defined by values exceeding the 70th percentile (5.1 parts per billion). To date, gold-in-soil values within the new anomaly area range from nil to 842 parts per billion. Early geological mapping at the anomalous zone indicates that the zone is underlain by intermediate volcanic rocks with a northwest strike and an estimated dip of minus 45 degrees northeast.

The new soil anomaly is on general trend with the recent Cachimbo discovery by neighbour Goldquest. The Ginger Ridge zone is part of a larger series of hydrothermal centres that stretch approximately seven kilometres through to Precipitate's Southeast and Jengibre South targets, among others along trend. Precipitate crews are working on targets in the southern portion of Precipitate Gold's Juan de Herrera project, and work from these areas will be reported separately as results are received and interpreted.

This news release has been reviewed by Michael Moore, PGeo, vice-president, exploration, of Precipitate Gold, 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 Bureau Veritas's preparation facility in Maimon, Dominican Republic, where they were dried, crushed (or sieved in the case of soils) and pulped. Sample pulps were then delivered to Bureau Veritas's facilities in Vancouver, B.C. (an ISO 9001-accredited facility), for analyses. Samples were crushed (or sieved), with up to 80 per cent passing two millimetres and split using a riffle splitter (code PRP70-250). An approximate 250-gram subsample split was pulverized to minus 200 mesh (74 microns). A 15-gram subsplit from the resulting pulp was then subjected to aqua regia digestion and multielement ICP-MS analysis (code AQ201). Rock sample results with gold greater than 1,000 parts per billion were subjected to fire assay (ICP-ES finish) analysis (30-gram pulp; code FA330-Au).

About Precipitate Gold Corp.

Precipitate Gold is a mineral exploration company focused on exploring and advancing its mineral property interests in the Tireo gold trend of the Dominican Republic. The company also maintains assets in Northern British Columbia and southeast Yukon and is actively evaluating additional high-impact property acquisitions with the potential to expand the company's portfolio and increase shareholder value.

We seek Safe Harbor.