Mr. Jeffrey Wilson reports

PRECIPITATE COMMENCES GRID LINE CUTTING FOR IP GEOPHYSICAL SURVEYING AT THE JUAN DE HERRERA PROJECT, DOMINICAN REPUBLIC

Precipitate Gold Corp. has commenced the establishment of control grid lines for a ground induced polarization geophysical survey planned over multiple zones within its 100-per-cent-owned Juan de Herrera project in the Dominican Republic.

Precipitate field staff has started cutting control grid lines for an ensuing induced polarization geophysical survey. A combined total of about 35 line kilometres of grid lines will be created over four priority areas, including Ginger Ridge East, Southeast, Centro and Jengibre South. The new grid lines are strategically placed to:

• Refine known 2-D pole-dipole IP geophysical anomalies by increasing surveying density from 200-metre line intervals to 100-metre intervals (particularly over the Southeast and Centro zones);
• Expand the grid areas to survey possible on-strike extensions of known mineralization (particularly within the Ginger Ridge East and Jengibre South zones).

Jeffrey Wilson, Precipitate's president and chief executive officer, stated: "It is well established that IP geophysical surveying is a very effective tool for identifying potential gold and copper mineralization in the Dominican Republic's Tireo formation volcanic rocks, as evidenced by the concealed, at-depth discoveries at Romeo and Cachimbo (Goldquest), Candelones (Unigold) and Ginger Ridge (Precipitate Gold). IP chargeability and resistivity anomalies, augmented by surface rock-soil samples and geological mapping, provide the company with critical information applicable towards delineation of high-quality drill targets. Exploration at Juan de Herrera is progressing along a proven and systematic course that will lead to superior future drill targets. We look forward to completing the gridlines and initiating the IP geophysical survey."

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, as well as recent follow-up surface sampling on 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, 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 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 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 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.