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PRG.V ·

Precipitate Extends Share Purchase Warrants

Share Capital & Compensation

TSX VENTURE: PRG | www.precipitategold.com 625 Howe Street, Suite 1020, Vancouver, BC, V6C 2T6 [email protected] Toll free: 855 558 0335 Direct: 604 558 0335

Precipitate Extends Share Purchase Warrants

Vancouver, B.C. – June 23, 2017 - Precipitate Gold Corporation (the “Company” or “Precipitate”) (TSXV:

PRG) announcesthat it intends to extend the exercise period of a total of10,380,000outstanding share
purchase warrants, all of which are exercisable at $0.35 per share (the “Warrants”). The warrants were set
to expire July 13th and July 21st 2017. The new expiration date of the Warrants will be December 15, 2017,
and the $0.35 exercise price of the Warrants will remain unchanged. The Warrant extension is subject to
acceptance of the TSX Venture Exchange.

About Precipitate Gold:

Precipitate Gold Corp. 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 British Columbia and southeast Yukon Territory and is actively evaluating additional high-impact property acquisitions with the potential to expand the Company's portfolio and increase shareholder value.

Additional information can be viewed at the Company’s website www.precipitategold.com.

On Behalf of the Board of Directors of Precipitate Gold Corp.,

“Jeffrey Wilson”

President & CEO

For further information, please contact:

Tel: 604-558-0335 Toll Free: 855-558-0335 [email protected]

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.