Mr. Jeffrey Wilson reports

PRECIPITATE IDENTIFIES NEW GOLD-IN-SOIL ANOMALY MEASURING 1.2 KILOMETRES IN LENGTH AT THE JUAN DE HERRERA PROJECT, DOMINICAN REPUBLIC

Precipitate Gold Corp. has identified a new gold-in-soil geochemical anomaly located in the north-central portion of the 100-per-cent-owned Juan de Herrera project in the Dominican Republic.

The company has identified a new prospective gold-in-soil anomaly measuring approximately 1.2 kilometres long (north-south) and about 100 metres wide (east-west). This multielement soil anomaly, dubbed the LP zone, is located in the north-central part of the project, approximately 2.5 kilometres south of the CN zone and 14 kilometres north of the Ginger Ridge zone. The gold anomaly is coincident with additional pathfinder elements, such as lead, arsenic, antimony, zinc, mercury, cadmium and barium, which is a common geochemical signature for both epithermal gold and/or volcanogenic massive sulphide mineralization styles found in Tireo formation rocks. Follow-up programs of rock sampling and hand trenching are planned to assess the nature and potential of the LP zone's surface mineralization.

Jeffrey Wilson, Precipitate's president and chief executive officer, stated: "We continue to be pleased with the results of the ongoing, and increasingly aggressive, fieldwork being conducted throughout the company's Juan de Herrera project. Sequential programs of sampling and mapping, along with other types of fieldwork, have successfully discovered multiple sizable new geochemical anomalies throughout the project, with priority anomalies subsequently being advanced through follow-up work. We're impressed by the number of anomalous areas now outlined throughout the project and are keen to pursue both reconnaissance work over underexplored areas, while applying more advanced exploration programs, such as geophysical surveying, over known areas, as a means of identifying and prioritizing zones our geological team deems most prospective for drill testing in the near term."

Low-cost soil sampling continues to be a proven, effective and efficient tool for identifying new mineralized anomalies with prospective VMS (volcanogenic massive sulphide) and epithermal styles of mineralization in the Tireo gold camp, where Juan de Herrera is located. The LP zone was delineated through the collection and analysis of 1,860 soil samples. While various other work programs continue throughout the project, the company will follow up on these latest results from the LP zone with additional mapping and sampling to better understand the zone and refine its continuing potential. Results from this planned work will be reported as it becomes available.

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.

Rock and soil samples were bagged, sealed and delivered directly to the Bureau Veritas preparation facility in Maimon, Dominican Republic, where they were dried, crushed (or sieved in the case of soils; preparation code SS80) and pulped. Sample pulps were then delivered to BV facilities in Vancouver, B.C., Canada, for analyses (an ISO 9001 accredited facility). Rock samples were crushed with more than 70 per cent passing two-millimetre mesh and split using a riffle splitter (code PRP70-250). An approximately 250-gram subsample split was pulverized to minus 200 mesh (74 micrometres). A 15-gram subsplit from the resulting pulp was then subjected to aqua regia digestion and multielement ICP-ES/MS analysis (code AQ201). Samples with results with gold greater than two grams per tonne were subjected to a gold (and selective silver) fire assay analysis and a gravimetric finish (30-gram pulp; ICP-ES finish; code FA530-Au and Ag), and samples with results with copper greater than 2,000 parts per million were subjected to 0.5-gram pulp four-acid digestion and a selective ICP-MS analyses (code MA404). All coarse rejects and pulps are currently stored at BV.

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 those 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.