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Precipitate Gold Announces $6.5 Million Non-Brokered Private Placement Led by Strategic Dominican Investors

Financings

Precipitate Gold Announces $6.5 Million Non-Brokered

Private Placement Led by Strategic Dominican Investors

Vancouver, B.C. – December 29, 2025 – Precipitate Gold Corp. (the “Company” or “Precipitate”) (TSXV: PRG,

OTCQB: PREIF) is pleased to announce a proposed non-brokered private placement of up to 59,090,909 units

(the “Units”) at a price of $0.11 per Unit for aggregate gross proceeds of up to $6,500,000 (the “Offering”).

Participation in the Offering is led by prominent an d 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 CEO stated, “This private placement represents a significant strategic milestone

for Precipitate. We are welcoming in stitutional partners with deep sector expertise, strong financial

credentials, and decades of experience investing in mining and natural resource projects in the Dominican

Republic, led by pioneer institutional investors such as Guess Investment Ltd., a Dominican investor with long-

standing experience in the mineral exploration and mining industry.

In tandem with an important injection of capital, the participation of Dominican institutional investors adds

meaningful strategic value to the Company’s future. Their in-depth understanding of the regulatory

framework, operating environment, and stakeholde r landscape in the Dominican Republic enhances our

ability to advance our property assets efficiently and responsibly. The willingness of these investors to

voluntarily agree to an extended hold period beyond regulatory requirements evidences a long-term

commitment that aligns well with management and exist ing shareholders. Their involvement reflects strong

confidence in Precipitate’s mineral exploration projects and materially strengthens the Company’s positioning

as we move forward with ongoing exploration, development, and future financing initiatives. Closing this

financing will position the Company to aggressively adv ance and drill test multiple high priority exploration

targets throughout the project portfolio as part of our objective to make meaningful new discoveries in the

Dominican Republic and unlock value for all stakeholders.”

Each Unit will consist of one common share of the Company and one-half of on e common share purchase

warrant (each whole warrant, a “Warrant”). Each Warra nt will be exercisable to acquire one additional

common share of the Company at an exercise price of $0.17 per share for a period of 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, representing an extended hold period beyond applicable

requisite securities laws and the policies of the TSX Venture Exchange.

Proceeds from the Offering will be used to advance ongoing exploration and project development activities

across the Company’s Dominican mineral property port folio, including aggressive ongoing exploration and

drilling at its Juan de Herrera project, as well as for general working capital purposes.

No finder’s fees will be paid in connection with the Offering. The Offering remains subject to the approval of

the TSX Venture Exchange and may close in one or more tranches.

TSX VENTURE: PRG | www.precipitategold.com

625 Howe Street, Suite 580, Vancouver, BC, V6C 2T6

[email protected]

Toll free: 855 558 0335

Direct: 604 558 0335

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1377-7952-0026, v. 1

Upon closing of the Offering, the Company will appoin t one new director to its Board of Directors, as

nominated by Guess Investments Ltd.

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 Co mpany’s Board of Directors, subject to the approval

of the existing Board of Directors, compliance with TSX Venture Exchange policies, such nomination occurring

no earlier than 12 months following the closing of th e Offering. Such Dominican appointed representation

on the Company’s Board shall not, at any time, exceed 30%.

About Precipitate Gold:

Precipitate Gold Corp. is a mineral exploration company fo cused on exploring and advancing its mineral property

interests in the Dominican Republic, including its 100% owned Juan de Herrera project located immediately adjacent to

GoldQuest Mining’s Romero Project, its 100% owned Pueblo Grande project located immediately adjacent to the Pueblo

Viejo mine operated by Barrick Mining, and its 100% owned Ponton project located 30km east of the Pueblo Viejo mine.

Precipitate is also actively evaluating additional high-impact property acquisit ions with the potential to expand the

Company's portfolio and increase shareholder value, in other favourable jurisdictions.

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.

This press release may contain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other

than statements of historical fact, included herein are forward looking information. Generally, forward-looking information may be identified by the

use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budget", "sched uled", "estimates",

"forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases

which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking info rmation reflects

Precipitate Gold Corp.’s (“Precipitate” or the “Company”) current beliefs and is based on information currently available to Co mpany and on

assumptions it believes are reasonable. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may

cause the actual results, level of activity, performance or achievements of Precipitate to be materially different from those e xpressed or implied by

such forward-looking information. Specifically, (i) there is no assurance the Offering will be fully subscribed or close on th e terms outlined above, or

at all, (ii) the use of proceeds realized under the Offering may change based on management’s assessment of its circumstances. Such risks and other

factors may include, but are not limited to: the exploration concessions may be granted or may be amended on terms not acceptable to the Company,

or at all; general business, economic, competitive, political and social uncertainties; the concessions acquired by the Company may not have attributes

similar to those of surrounding properties; delay or failure to receive governmental or regulatory approvals; changes in legisl ation, including

environmental legislation affecti ng mining; timing and availabilit y of external financin g on acceptable terms; conclusions of e conomic evaluations;

and lack of qualified, skilled labour or loss of key individuals. Although Precipitate has attempted to identify important factors that could cause actual

results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated,

estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Precipitate does not undertake to update

any forward-looking information, except in accordance with applicable securities laws.