Mr. Jeffrey Wilson reports

PRECIPITATE GOLD CLOSES $6.5 MILLION NON-BROKERED PRIVATE PLACEMENT LED BY STRATEGIC DOMINICAN INVESTORS

Precipitate Gold Corp. has closed its previously disclosed non-brokered private placement of 58.95 million units of the company priced at 11 cents (see the company's news release dated Dec. 29, 2025) for total proceeds of $6,484,500.

Participation in the offering was led by prominent and strategic Dominican investors, including one of the Dominican Republic's largest institutional investors, Guess Investments Ltd., together with several other well-respected leaders from the country's business and investment communities.

Jeffrey Wilson, president and chief executive officer, stated: "We are pleased to close this significant financing, as we welcome important new Dominican institutional partners who are aligning with management in the ongoing pursuit of new mineral discoveries within the Dominican Republic. The sector expertise, strong financial credentials and natural resource investment experience of these new investors will be invaluable to the company's ongoing progress and success. Additionally, the proceeds from the offering provide the company with significant working capital for expanded exploration efforts and future drill testing of multiple known and emerging targets throughout the company's project portfolio."

Each unit consists of one common share of the company and one-half of one common share purchase warrant, each whole warrant exercisable to acquire one additional common share of the company at 17 cents per share for 18 months from the date of issuance. All securities issued in connection with the offering will be subject to resale restrictions for a period of six months from the date of issuance.

Proceeds from the offering will be used to advance continuing exploration and project development activities across the company's Dominican mineral property portfolio, including aggressive continuing exploration and planned drilling at its Juan de Herrera project, as well as for general working capital purposes.

No finders' fees will be paid in connection with the offering.

In connection with the offering, Guess Investments Ltd. is entitled to nominate an appointee to the company's board of directors. In the event all warrants issued to the Dominican investors are exercised, Guess Investments Ltd. will be entitled to nominate one additional member to the company's board of directors, subject to the approval of the existing board of directors and compliance with TSX Venture Exchange policies, such second nomination occurring no earlier than 12 months following the closing of the offering. In the event the combined shareholding of the Dominican investors drops below 15 per cent of the then issued and outstanding shares of the issuer, the issuer will be entitled, at its discretion, to replace one of the DR investor nominees. In the event the combined shareholding of Dominican investors drops below 7.5 per cent of the then issued and outstanding shares, the issuer will be entitled, at its discretion, to replace the second DR investor nominee. Such Dominican appointed representation on the company's board shall not, at any time, exceed 30 per cent.

About Precipitate Gold Corp.

Precipitate Gold 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.