Mr. Jeffrey Wilson reports

PRECIPITATE COMMENTS ON POSITIVE DEVELOPMENTS IN DOMINICAN REPUBLIC ENVIRONMENTAL AND SOCIAL IMPACT ASSESSMENT PROCESS

Precipitate Gold Corp. has made encouraging developments with respect to mining and environmental policies in the Dominican Republic. The government of the Dominican Republic has recently implemented positive changes to Dominican environmental regulations that streamline processes and enable mineral exploration and development applicants to proceed to the environmental and social impact assessment process prior to being granted an exploitation concession.

By way of recent DR government environmental legal resolutions, concession holders can commence the ESIA assessment process in advance of an exploitation licence. ESIA reporting includes critical details that will allow Dominican authorities to evaluate the design, scope and execution of a potential mining project to the level that is consistent with a full feasibility study using appropriate cost estimates and market studies, with equal consideration to environmental sustainability and local community input and collaboration.

Jeffrey Wilson, Precipitate's president and chief executive officer, stated: "We see this environmental regulation as a significant and positive step forward for mineral exploration and mining in the Dominican Republic. This updated regulation aligns the DR's mining and environmental policies with those already in place in many other environmentally responsible mining jurisdictions. Acknowledging that community engagement and collaboration will always be an integral part of any successful mining scenario, this process allows companies like Precipitate to systematically advance projects from exploration through development and toward an environmentally responsible mining decision with a greater level of confidence. As such, we anticipate increased exploration budgets to be allocated to Precipitate's existing Dominican Republic property assets and look forward to ongoing mutually beneficial alignment with local communities, the Dominican government and all other stakeholders."

Previously, the Dominican Republic's Ministry of Environment was unable to review mining project applications without a final decision on the exploitation concession licence. Under the new policy, the completion of the ESIA process occurs in advance of application for the awarding of a 75-year exploitation licence giving the Dominican government better clarity, during the exploitation licence application period, that mining projects will be operated in an environmentally sustainable manner with full transparency and collaboration with local communities.

Precipitate currently holds exploration concession rights to three distinct projects in the DR.

The Pueblo Grande project

Owned 100 per cent by Precipitate and located in the Sanchez Ramirez province of the Dominican Republic, the project is immediately adjacent to Barrick Gold Corp.'s Pueblo Viejo mining operation. Precipitate's Pueblo Grande project is subject to an earn-in agreement with Barrick, whereby Barrick has an exclusive right to earn a 70-per-cent interest in the project by, among other things, completing work expenditures of $10-million (U.S.) and delivering a prefeasibility study before the sixth anniversary (April 14, 2026). Pueblo Grande is contiguous to, and surrounds, the Pueblo Viejo mine site on the west, north and east sides, covering about 7,105.73 contiguous hectares.

The Juan de Herrera project

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. Multiple newly identifies zones within the project have yielded exceptionally high-grade sample results, including a recent rock sample that assayed 73.8 grams per tonne gold. 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.

The Ponton project

Owned 100 per cent by Precipitate and located 30 kilometres east of Barrick's Pueblo Viejo mine, the project has significant untested multielement epithermal gold anomalies and multiple highly prospective geochemical and geophysical target areas within both the North and South gold anomalies of the Copey Hill zone, where previously reported geophysical magnetic lows commonly coincide with elevated gold values at surface (up to 53.0 grams per tonne gold and 17.0 g/t silver). The broader Copey Hill geochemical zone measures over one kilometre by 1.5 kilometres and has not previously been drill tested. The epithermal affinities of the coincidental geological, geophysical and multielement geochemical anomalies within the zone represent priority targets for follow-up drill testing.

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.

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, whereby Barrick can earn a 70-per-cent interest in the company's Pueblo Grande project by incurring $10-million (U.S.) and producing a qualifying prefeasibility study by April 14, 2026. 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.